Preview Questions FinTech Specialist | Role Specific Skill

Question 1: What is the key advantage of using decentralized exchanges (DEX) over centralized exchanges in the context of financial technology?

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DEXs require fewer security measures

DEXs provide greater privacy and lower counterparty risk

DEXs offer faster transaction speeds

DEXs have no regulatory oversight

Question 2: Which of the following blockchain protocols is most commonly used for implementing decentralized finance (DeFi)?

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Bitcoin

Stellar

Ethereum

Ripple

Question 3: What is the role of "quantitative analysis" in investment technology platforms?

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It ensures compliance with regulatory standards in trading

It monitors the financial health of companies through ratios and metrics

It uses mathematical models to assess financial data and predict market trends

It automates the buying and selling process based on AI predictions

Question 4: How do GDPR's provisions on data portability affect digital payment providers in BFSI?

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Mandates real-time data sharing

Requires customer data to be transferable

Prohibits storage of transactional data

Increases encryption requirements

Question 5: Which framework is most commonly used for combating financial crime in the BFSI industry?

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GDPR

FATF

FATCA

FinCEN

Question 6: Which of the following payment systems is specifically designed to enable real-time payments in the BFSI industry?

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SEPA (Single Euro Payments Area)

Faster Payments System

ACH (Automated Clearing House)

SWIFT GPI