Question

I will definitely down vote, if essay is inappropriate
5) What is the primary objective in rotation of empolyees in banking system? (Do not select multiple answers and type your answer)
a) To identify frauds
b) To make empolyee learn
c) To aviod frauds
d) None of the above
answer based on information, else skip it

Answer 1

The answer would be c) To avoid frauds. In a bank, there are many employees, and for each department, there are people who have been working in the system for years together. They might come to know all or some loopholes within the system and they might connive with people around them like colleagues to defraud the bank. They might try to do it on a smaller scale in the early stages so as to avoid being caught and try to see how it goes, and later on go onto committing sophisticated frauds as well thinking that they have succeeded earlier. Bank employees will be busy with their work and nobody will suspect anything suspicious happening in the bank, except for the auditors, from whom bank employees who defraud the bank need to be careful. It might so happen that the bank employees defrauding the bank might retire after defrauding the bank and disappear after retirement,after which the fraud will come to light, but by that time, it will be too late. Hence, to avoid any kinds of frauds happening in the bank, the banking system has employee rotation system.