Companies based in EU and willing to transfer data outside the EU/EEA, use model contracts as an instrument. Which of the following statements are true in reference to above statement?

• A.None of the above
• B.It is a requirement mentioned in the OECD Privacy Framework
• C.It is a requirement mentioned in the EU E-Commerce Directive
• D.It is a requirement mentioned in EU Data Protection Directive

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Which among the following can be classified as the most important purpose for enactment of data protection/ privacy regulations across the globe?

• A.Protect the constitution
• B.Penalize the organizations and impose fines for failure to protect privacy
• C.Ensure peace in the society
• D.Protect individual rights

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A financial organization may share nonpublic information about its customers in accordance with Gramm-Leach-Bliley Act of the US. Which one of the following is the requirement?

• A.FTC permission is required
• B.As soon as the GLBA privacy notice is disclosed initially and annually
• C.Consumers' consent must be obtained first
• D.Data sharing does not require consent from the consumers.

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What are the roles an organization can play from privacy perspective?
i. Data Controller - determines the means and purpose of processing of data which is collected from its end customers ii. Data Controller - determines the means and purpose of processing of data which is collected from its employees iii. Data Sub-Processor - processes personal data on behalf of data processor iv. Joint Controller - determines the means and purpose of data processing along with other data controller Please select correct option:

• A.i, ii and iii
• B.ii, iii and iv
• C.i, iii and iv
• D.i, ii, iii and iv

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Historically, which of these events led to the formation of our current concept of privacy?

• A.Civil rights are fundamental liberties
• B.Declaration of human rights
• C.The right to be left alone
• D.A binding corporate rule

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