Question

XYZ is a successful startup that acquired a respectable size & scale of operations in last 3 years, handling business process services for small & medium scale enterprises, largely in US & Europe. They are at the stage of closing a deal with a new banking client and working out the details of privacy related obligations in contract. Ensuring effective enforcement of which of the below listed privacy principles is client’s accountability, even after outsourcing its loan approval process to XYZ?

Accepted Answer

All except III

Answer

Notice II. Choice and Consent III. Collection Limitation IV. Use Limitation

Answer

Access and Correction VI. Security VII. Disclosure to third Party Please select the correct set of principles from below listed options:

Answer

None of the above, since they are outsourcing the work to XYZ who will carry the liability going forward

Answer

All except V and VI

Answer

All of the above listed privacy principles

XYZ is a successful startup that acquired a respectable size & scale of operations in last 3 years, handling business process services for small &…

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