Preview Questions FinTech Specialist | Role Specific Skill

Question 1: What is the primary purpose of gas in the Ethereum blockchain?

Which action should you take?

Choose only one option

To pay miners

All of the above

To execute smart contracts

To prioritize transactions

Question 2: In a private blockchain used for reinsurance contracts, which technique ensures that only authorized nodes can join the network and that members can be dynamically added or removed while maintaining consensus integrity?

Which action should you take?

Choose only one option

Using a public permissionless chain with open membership

Using just an IP-based firewall to limit node access

A membership service provider (MSP) integrated with the consensus layer, enabling a configurable ACL (Access Control List) for participant enrollment and revocation

Allowing any node to join if they know the network's address and port

Question 3: In a trading platform with microservices architecture, which security mechanism ensures secure machine-to-machine communication and prevents unauthorized internal service calls, even if the internal network is compromised?

Which action should you take?

Choose only one option

Mutual TLS (mTLS) between services, with service identity verification and short-lived certificates

Plain HTTP calls between services in a private subnet

Dependence on a firewall-only perimeter security model

Using a single API key stored in all services with no rotation

Question 4: 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 5: Which regulatory framework focuses on safeguarding personal data in BFSI institutions?

Which action should you take?

Choose only one option

Basel III

GDPR

ISO 27001

SOC 2

Question 6: In the context of financial regulations, what is the primary purpose of Anti-Money Laundering (AML) laws?

Which action should you take?

Choose only one option

To reduce the risk of tax evasion

To detect and prevent money laundering activities

To prevent fraudulent transactions in financial institutions

To regulate international financial transactions