Preview Questions FinTech Specialist | Role Specific Skill

Question 1: Which of the following technologies is critical for ensuring the low-latency processing required in high-frequency trading (HFT)?

Which action should you take?

Choose only one option

Distributed ledger technology (DLT)

Quantum computing

FPGA (Field-Programmable Gate Array)

Blockchain consensus mechanism

Question 2: What is the role of the Financial Action Task Force (FATF) in financial services regulation?

Which action should you take?

Choose only one option

To combat money laundering and terrorist financing

To regulate the interest rates set by financial institutions

To provide tax compliance guidance for cross-border transactions

To oversee the implementation of environmental protection laws

Question 3: To implement transparent governance for a decentralized insurance pool, which on-chain mechanism can dynamically adjust policy terms and payout conditions based on stakeholder voting, while preventing vote manipulation by large token holders?

Which action should you take?

Choose only one option

A single multisig contract controlled by a few key administrators

Quadratic voting or weighted voting combined with reputation scores and on-chain identity, possibly integrated with DAO frameworks

Allowing unlimited token-based voting where large holders can dominate

Off-chain voting with a simple majority decision recorded after the fact

Question 4: For instant push payments to merchant bank accounts (e.g., via Faster Payments in the UK), which mechanism confirms transaction completion to the merchant's POS system in near-real-time?

Which action should you take?

Choose only one option

Waiting for the merchant to manually check their bank statement

Doing nothing and expecting the merchant to trust that payment succeeded

Utilizing real-time payment notification callbacks or Webhooks from the payment infrastructure to the merchant's system

Sending a confirmation email after 24 hours

Question 5: What is the role of "gas" in the Ethereum blockchain when executing smart contracts?

Which action should you take?

Choose only one option

Gas is a method to increase transaction speed

Gas is used to determine the computational cost of executing transactions

Gas reduces the energy consumption of Ethereum miners

Gas ensures that transactions are immutable

Question 6: 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