Preview Questions FinTech Specialist | Role Specific Skill

Question 1: When deploying a portfolio optimization engine running complex Monte Carlo simulations in the cloud, which approach ensures both cost-efficiency and computational scalability without increasing latency for large BFSI datasets?

Which action should you take?

Choose only one option

Using on-prem HPC clusters only

Leveraging spot instances or serverless compute for burst capacity combined with parallelization and containerized workloads

Running a single large, long-lived instance 24/7

Precomputing all scenarios offline and never scaling dynamically

Question 2: How do QR codes enhance the user experience in digital payment systems?

Which action should you take?

Choose only one option

By enabling merchants to send direct invoices to users

By allowing instant digital wallet access

By providing a secure method for transferring payments

By enabling users to input their payment information

Question 3: Which database system is most suitable for handling real-time financial transaction data?

Which action should you take?

Choose only one option

Redis

MongoDB

Cassandra

SQL

Question 4: In a blockchain-based payment system, what ensures that once a transaction is added to the ledger, it cannot be reversed or tampered with?

Which action should you take?

Choose only one option

The use of private encryption keys

The use of cryptographic hashing and consensus algorithms

The reliance on centralized databases

The implementation of multi-signature wallets

Question 5: How does a distributed ledger technology (DLT) like blockchain enhance data security in financial services?

Which action should you take?

Choose only one option

By ensuring data integrity through cryptographic hashes and decentralization

By using centralized control to monitor all transactions

By reducing the amount of data needed to be secured

By storing data in a single location to prevent unauthorized access

Question 6: Which deployment strategy is best suited for rolling out fintech applications with minimal downtime?

Which action should you take?

Choose only one option

Rolling release

Hybrid deployment

Waterfall model

Blue-green deployment