Preview Questions Fraud Analyst | Role Specific Skill

Question 1: How does real-time fraud detection differ from batch fraud detection in BFSI systems?

Which action should you take?

Choose only one option

Real-time focuses on offline transactions

Batch uses AI, real-time uses rules

Real-time detects fraud instantly

Batch is more accurate than real-time

Question 2: Which of the following would be the most effective way to prevent fraud while ensuring regulatory compliance in the BFSI sector?

Which action should you take?

Choose only one option

Increasing customer awareness about fraud prevention

Limiting employee access to sensitive customer data

Relying solely on automated fraud detection systems

Conducting continuous audits and monitoring of accounts

Question 3: Under the GDPR, what is the maximum fine for non-compliance in case of data breach affecting fraud detection systems?

Which action should you take?

Choose only one option

5% of global revenue or ?25 million

2% of global revenue or ?10 million

1% of global revenue or ?5 million

4% of global revenue or ?20 million

Question 4: Under FATF guidelines, which of the following indicators is considered a red flag for potential money laundering?

Which action should you take?

Choose only one option

Regularly transferring funds to a single high-risk country

Frequent high-value international transfers from unverified accounts

Large deposits followed by immediate withdrawals

Multiple small withdrawals within the same day

Question 5: What role does the Anti-Fraud Policy play under the regulatory framework of the Financial Services Authority (FSA) in the UK?

Which action should you take?

Choose only one option

It sets guidelines for customer data retention

It establishes mandatory fraud detection measures

It regulates the use of cryptocurrencies in finance

It provides a structure for managing client complaints

Question 6: Which data characteristic would best help identify high-risk transactions early in the fraud detection process?

Which action should you take?

Choose only one option

Unusual transaction times and locations

Large transaction amounts alone

Customers with long-standing accounts

Historical patterns of account balance fluctuations