Preview Questions FinTech Specialist | Role Specific Skill

Question 1: In a smart contract, what happens when an exception is thrown during execution?

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The blockchain forks

The transaction is rolled back

The block is rejected

The transaction continues

Question 2: How does a zero-trust architecture enhance security in BFSI systems?

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Provides automated system access

Reduces user authentication steps

Allows only known users

Eliminates reliance on perimeter security

Question 3: In the context of data security, which encryption method is typically used to secure financial transactions on blockchain platforms?

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DES (Data Encryption Standard)

AES (Advanced Encryption Standard)

ECC (Elliptic Curve Cryptography)

RSA encryption

Question 4: Which of the following protocols is used in secure digital payment systems for encryption during transaction transmission?

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SSL 2.0

TLS 1.3

WPA3

HTTP/2

Question 5: Which regulatory framework addresses cybersecurity risks for financial institutions in the US?

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OCC (Office of the Comptroller of the Currency) Cybersecurity Regulations

PCI DSS (Payment Card Industry Data Security Standard)

SOX (Sarbanes-Oxley Act)

GLBA (Gramm-Leach-Bliley Act)

Question 6: What is the main advantage of using Secure Sockets Layer (SSL) or Transport Layer Security (TLS) protocols in securing financial transactions on websites?

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They reduce transaction fees for cross-border payments

They encrypt communication between the server and client to prevent eavesdropping and tampering

They store financial data securely in centralized databases

They provide a secure method for authentication of transaction participants