CSEET · Economic and Business Environment · AI and Business Environment
A bank uses a system that is trained on thousands of past loan records and then improves its prediction of defaults as new repayment data arrives, without being explicitly reprogrammed for each case. This capability is best called:
This is machine learning, a branch of AI where a system learns patterns from historical data and improves its predictions as more data arrives, without being explicitly reprogrammed for every case. Encryption, bookkeeping or printing do not involve learning from data.
- AMachine learningCorrect
- BManual bookkeeping
- CData encryption
- DBatch printing
Explanation
Machine learning is a branch of AI in which systems learn patterns from data and improve performance with experience rather than following explicitly coded rules for every case. Encryption protects data, while bookkeeping and printing involve no learning.
Did you get it right without looking?
One question tells you little. A timed set on AI and Business Environment shows your real accuracy, how long you take and where you lose marks.
More AI and Business Environment questions
- A firm adopts a 'human-in-the-loop' approach for its AI-based hiring tool, so that a trained recruiter reviews every AI shortlist before rej…
- Which statement best describes Artificial Intelligence (AI) as understood in a business context?
- An e-commerce firm in Bengaluru deploys a chatbot using natural language processing to answer routine customer queries at any hour. Which be…
- Which Indian body is the nodal agency implementing the IndiaAI Mission as an independent business division?
- A logistics firm uses an AI system that learns by trial and error, receiving rewards when delivery routes are shorter and penalties when the…
- A bank deploys a system that reads thousands of scanned loan application forms and converts the printed and handwritten text into editable d…