61.

Reason behind emerging FinTech, except:

Technology
Demographics
Mobile financial services provide cheap banking solutions the unbanked
Satisfied customers
Answer d) Satisfied customers

2. Choose 3 from all answer that refer to Technologies that contribute to Fintech
Machine Learning
Closed API
Cloud
Biometrics
Answer b) Closed API

3.What is the biggest Fintech transaction

Personal Finance
Alternative Lending
Digital Payment
Alternative Financing
Answer c) Digital Payment

4. _____ out of 4 people worldwide have used a FinTech services

43
3
2
1
Answer b) 3
5. Where was the first use of writing to track financial transactions?
China
Iraq
Mongolia
Peru
Answer a) China

6. How many eras are there in evolution of fintech

4
5
6
2
Answer b) 5

7. Which of the following is not the mutual aspect of Financial regulation?

A)Consumer protection
b)Payment Processing
c)Anti-Money Laundering Rules
d)Public and securities
Answer d)Public and securities

8. Areas of fintech are considered to be:

Artificial intelligence
Blockchain
Cloud Computing
All of these
Answer: d) All of these

9. Customers know financial information, monitor their account balance.

Online banking
Digital Lending
Insurance
Online trading
Answer a) Online banking

10. Major Technologies Involved in the Fintech Sector.

Blockchain
Crowdfunding
P2P Lending
All of these
Answer d) All of these

11. Regulation is also a problem in the emerging world of FinTech, especially

Cryptocurrencies
Cyber-Attacks
Financial Illiteracy
Illegal Digital Lending
Answer a) Cryptocurrencies

12. Challenges faced by FinTech sector?

Cyber treats
Issue of data privacy
Both a and b
None of these
Answer c) Both a and b

13. Automation and digitization collect a lot of personal data from customers which makes
fintech systems vulnerable to attacks from hackers
Cyber attacks
Cryptocurrencies
Cyber treats
P2P Lending
Answer c) Cyber treats
14. As fintechs grow, they will often need new
Operating license
Innovation
Technologies
None
Answer a) Operating license

15. Future opportunities for fintech companies

Embedded finance
Artificial intelligence
Sustainable finance
All of these above
Answer d) All of these above

16. To overcome challenges and take advantage of opportunities in these dynamic markets
needs of
Money
Opportunities
Innovation
Fame
Answer c) Innovation

17. _______ is emerging markets can be complex and difficult to navigate.

Lack of skilled labour
Currency risk
Innovation
Regulation
Answer d) Regulation

18. If they cannot evolve to use technology to become a part in the current financial services
model, they will be gone like dinosaurs. “They” means refer to
Startup
Existing large bank and financial institution
Entrepreneur
Customers
Answer b) Existing large bank and financial institution

19. Below are the risks faced by fintech, except

Privacy Challenges and Regulation
Credit Risk
Cyber attacks
Speed and ease of use
Answer d)Speed and ease of use

20. Credit cards are one of the technological innovations implemented in financial services,
which was found in
1950s
1850s
2005s
1990s
Answer a) 1950s

21. Blockchain is a peer-to-peer _____________ distributed ledger technology that makes

the records of any digital asset transparent and unchangeable.
Decentralized
Demanding
Secure
Popular
Answer: a) Decentralized

22. Blockchain networks are much _____ and deal with no real single point of failure.
Simpler
Easier to scale
Convenient
Faster
Answer: B) Easier to scale

23. What does P2P stand for?

Peer to Peer
Product to Product
Password to Password
None of the above
Answer: A) Peer to Peer

24. Bitcoin is based on _________ blockchain.

Private
Public
Public Permissioned
Permissioned
Answer: B) Public

25. A blockchain is a type of?

Object
Database
Table
View
Answer: B) Database

26. What is cryptocurrency?

Encrypted currency of a certain state
A type of digital currency
Hackers’ secret money
None
Answer b) A type of digital currency

27. Blockchain has ____ versions.

2
3
4
5
Answer c) 3

28. Who introduced the digital online cryptocurrency known as Bitcoin?

Satoshi Nakamoto
Nick Szabo
Wei Dai
Hal Finney
Answer: A) Satoshi Nakamoto

29. What is Blockchain?

A currency
A ledger
A type of currency
A distributed ledger on a peer-to-peer network
Answer: D) A distributed ledger on a peer-to-peer network

30. The process of encrypting and decrypting information.

Decentralized Application
Cryptocurrency
Block
Cryptography
Answer d) Cryptography

31. What does the block in the blockchain consist of?

Transaction data
A Hash point
A Timestamp
All of these
Answe d) all of these

32. The risks of investing in cryptocurrency include:

Being too interesting at parties
A robot uprising
The possibility of the government confiscating your cryptocurrency
Big price swings
Answer d) Big price swings

33. What technology is the cryptocurrency based on?

Blockchain
Photometrics
Cryptanalysis
Bitcoin
Answer a) Blockchain

34. What is the production of cryptocurrency called?

Makeup
Fabrication
Mining
All of these
Answer d) Mining

35. Cyber Security provide security against what?

Against Malware
Against cyber-terrorists
Defends a device from threat.
All mentioned options
Answer: d)All mentioned options

36. What does a block in a Blockchain have?

Header & Digital ledger

Bitcoins & Input

Transactions & Bitcoins

Header & Transaction

Answer: D) Header & Transaction

37. DAM systems offer automated _____ input, which helps workers find assets.

Network

GPS

Metadata

Server

Answer: C) Metadata

38. Marketers can use DAM systems to build _____ consistency.

Customer

Brand

Data

Revenue
Answer: b) Brand

39. What is the minimum amount stipulation for RTGS transactions?

Rs 50,000
Rs 1 lakh
Rs 2 lakhs
No Limit
Answer: c) 2 lakhs

40. What is e-payment?

Electronic payment for buying and selling
Payment of online software
Payment of online services
Payment of electronics
Answer: A) Electronic payment for buying and selling

41. ______ is concerned with the duties of the financial managers in the business firm.
Financial Management
Accounting Management
Personnel Management
Merger
Answer: a) Financial Management

42. _______ is the process to convert information into computer Readable form.
E-learning
b) E-commerce
c) Digitization
Net Banking
Answer :c) Digitization

43. _______ is to meant to be online buying and selling of goods.

E-commerce
b) Digi Locker
c) Digital Payment
None of these
Answer: a) E-commerce

44. Easiest and convenient way for cashless payment is

Digitization
b) Storage
c) Offline
Digital Payment
Answer: d) Digital Payment

45. _____ stores only those educational certificates, issued by Educational institutes through
digital modes
SWAYAM
b) NAD
c) MOOCs
Digi Locker
Answer: a) SWAYAM

46. ______ Is a type of e-commerce which involves company and Customer.

B2B
B2C
C2C
None of these.
Answer: b) B2C

47. What are the risks of crowdfunding?

Validate their business
Failed campaigns damages reputation
Backers may help you define your business idea
Gain knowledge of the market potential with a pitch
Answer: b) Failed campaigns damages reputation

48. What is the technology behind ICOs?

Cryptocurrency
Blockchain
Tokens
Crowdfunding
Answer: b) blockchain

49. What are some of the risks of p2p lending? (multiple choice)
Technology Risk
Fraud risk
Skills Risk
Liquidity risk
Answer : b) fraud risk

50. Which one of these is the most used crowdfunding method?

Equity-based crown funding
Debt-based crowdfunding
Donation-based crowdfunding
Rewards-based crowdfunding
Answer : d) Rewards-based crowdfunding

51. Who is thought to be the founder of the first crowd-funding provider?

Peter Drucker
Jonathan Swift
Georges Doriot
Benjamin Graham
Answer: b) Jonathan Swift

52. On average how long does a typical equity crowdfunding campaign last?
1 year
30 days
60 days
90 days
Answer: c) 60 days

53. What is not the element of Crowdsourcing by Jeff Howe?

Crowdfunding
Crowd creation
Crowd Wisdom
Crowd debate
Answer : d) Crowd debate

54. Explain reward- based Crowdfunding

Philanthropic donation or gift, no return expected
Contribution in exchange for a perk or a pre-order of a product
Investment for an ownership stake in the business
Capital repayment most often with interest
Answer: b) Contribution in exchange for a perk or a pre-order of a product

55. Explain donation- based Crowdfunding

Philanthropic donation or gift, no return expected
Contribution in exchange for a perk or a pre-order of a product
Investment for an ownership stake in the business
Capital repayment most often with interest
Answer: a) Philanthropic donation or gift, no return expected

56. Which best describes a peer to peer network?

To peers connected together
Devices connected together – without a server
To piers connected together
Two devices connected together – without a client
Answer: b) Devices connected together – without a server

57. What is the purpose of bitcoin network?

p2p money transfer
p2p private communication
p2p Skype calling
p2p cryptokitties
Answer: a) p2p money transfer

58. What is one of the hardest problems for P2P networks to solve?
File addressing
Name resolution
Access logging
File sharing
Answer: b) Name resolution

59. Which of the following might be a reason for a stock market to lose value suddenly?
A terrorist attack
The bankruptcy of a big company
Fear of a global recession
All of the above
Answer: d) All of the above

60. The launch of a peer-to-peer (P2P) lending feature called

CRED Mint
CRED Peer
Bitcoin
All of these
Answer: a) CRED Mint

61. Regulation of FinTechs

Activity-based regulation
Entity-based regulation
Outcome-based regulation
All of these
Answer: d) All of these

62. In which identical actions are regulated equally regardless of the legal status or type of
the entity doing the activity.
Activity-based regulation
Entity-based regulation
Outcome-based regulation
None
Answer: a) Activity-based regulation

63. Which requires laws to be applied to licenced firms engaged in comparable and specified
activities ate
Activity-based regulation
Entity-based regulation
Outcome-based regulation
None
Answer: b) Entity-based regulation

64. Where firms are required to ensure certain fundamental, common, and technology related
aspects.
Activity-based regulation
Entity-based regulation
Outcome-based regulation
None
Answer: c) Outcome-based regulation

65. One such example is the RBI’s FinTech Regulatory

Sandbox
Payment System Operators license.
Peer to Peer (P2P) lenders
All of the above
Answer: a) Sandbox

66. Rbi framework to support orderly growth of credit delivery through

Digital market
Digital lending
Digital Payment
Digital finance
Answer : b) Digital Lending

67. An SRO is a
Governmental organisation
Non-governmental organisation
Private organisation
Public enterprises
Answer: b) non-governmental organisation

68. Functions of an SRO:

Establishing codes of conduct
Linkage
Both a and b
None of these
Answer: c) Both a and b

69. RegTech technological solutions

Machine learning
Cryptocurrencies
Bitcoin
Digital methods
Answer: a) Machine learning

70. The most commonly cited benefits stakeholders hope to gain

Catalyst for innovation
Lower costs for startups
Informed regulation
All of the above
Answer: a) All of the above

71. The sandbox provides a simulated or real market environment

Collaborative feedback loop
Post-test transition
Controlled test environment
AI
Answer: c) Controlled test environment

72. Big data analysis does the following except?

Spreads data
Analyse data
Organizes data
Collect data
Answer: b) Analyze data

73. MMID is a ______ code.

9 digit
11 digit
7 digit
5 digit
Answer: c) 7 digit

74. NEFT works on the principle of which of the following?

Gross Batch settlement
Deferred Net settlement
Priority net settlement
Domain net settlement
Answer : b) Deferred Net settlement

75. What do I stand for in IMPS?

Instant
Inter
Interface
Immediate
Answer: d) Immediate

76. Which of the following pricing model is used to calculate prices for call and put options?
Black Scholes
Binomial option pricing model
Gaussian statistical model
All of these
Answer: a)Black Scholes

77. Commercial banks are regulated under the __________.

Companies Act, 1850
Reserve Bank of India Act, 1934
Banking Regulation Act, 1949
English Companies Act, 1844
Answer: c) Banking Regulation Act, 1949

78. The Indian Financial Year begins on:

January 1
April 1
July 1
None of these
Answer: b) April 1

79. The primary purpose of the RBI monetary policy is to maintain:

Wealth
Exchange rate
Growth
Price stability
Answer: d) Price stability

80. Which of the following is not the mutual aspect of Financial regulation?
Consumer protection
Payment Processing
Anti-Money Laundering Rules
Public and securities
Answer: d) Public and securities

81. Which among the following includes every activity that is involved in changing savings
into investment?
Financial services
Financial system
Saving system
Economic system
Ans. A. Financial services

82. The most common services provided to foreign investors.

Financial services
Factoring services
Custodial services
None of the above
Ans. C. Custodial services

83. The most common services provided to foreign investors.

Financial services
Factoring services
Custodial services
None of the above
Ans. C. Custodial services

84. Which stage of financing includes buyouts, expansion, and financial development?
First round financing
Early-stage financing
Later-stage financing
None of the above
Ans. C. Later-stage financing

85. _____________ is a process which verifies the identity of a user who wants to access the
system.
Authentication
Non-repudiation
Integrity
None of the above
Answer: a) Authentication

86. How many algorithms digital signature consists of?

2
3
4
5
Ans : B) 3

87. Cracking digital identity of any individual or doing identity theft, comes under
__________ of IT Act.
section 65
section 66
section 68
section 70
Answer: B. section 66

88. In how many category processes is Artificial Intelligence classified in?

5
2
4
3
Answer: d) 3

89. What is the full form of “AI”?

Artificially Intelligent
Artificial Intelligence
Artificially Intelligence
Advanced Intelligence
Answer: b)Artificial Intelligence

90. Which of the following is the branch of Artificial Intelligence?

Machine Learning
Cyber forensics
Full-Stack Developer
Network Design
Answer: a) Machine Learning