Preview Questions FinTech Specialist | Role Specific Skill

Question 1: Which of the following protocols is used in secure digital payment systems for encryption during transaction transmission?

Which action should you take?

Choose only one option

SSL 2.0

TLS 1.3

WPA3

HTTP/2

Question 2: In a financial institution, how does a Data Loss Prevention (DLP) system help secure sensitive customer data?

Which action should you take?

Choose only one option

By detecting and blocking unauthorized access to data

By encrypting sensitive data stored in databases

By providing security training to employees

By reducing the cost of compliance audits

Question 3: What is the primary purpose of using end-to-end encryption in financial transactions?

Which action should you take?

Choose only one option

To store data in an encrypted format

To prevent unauthorized access to sensitive data during transmission

To enhance the speed of transactions

To reduce the size of data packets

Question 4: Which of the following blockchain platforms is most commonly used for enterprise-level financial applications?

Which action should you take?

Choose only one option

Hyperledger Fabric

Solana

Bitcoin

Ethereum

Question 5: In a mobile payment system, what role does a "token" play in securing transactions?

Which action should you take?

Choose only one option

It increases the speed of mobile transactions

It stores the user's account balance securely

It allows users to track their payment history

It replaces sensitive card details with a randomly generated identifier during the transaction

Question 6: Which of the following is a best practice for securing API calls in financial technology applications?

Which action should you take?

Choose only one option

Disabling logging for sensitive transactions

Limiting access based on geo-location

Using OAuth tokens for authentication

Using IP whitelisting