Challenges and the Role of Domain Knowledge in Finance Testing CT-FT Practice Questions (Page 2)

Questions 6–10

1. 6application · medium

   A test analyst is creating test cases for a credit card rewards program. The program awards 2 points per dollar spent on groceries, and 1 point per dollar on all other purchases. The analyst, who has domain knowledge, knows that 'groceries' is a merchant category code (MCC) that can be ambiguous. How should the analyst design test cases?

   • ATest only the points calculation, not the MCC classification.
   • BUse only the most common grocery store MCC to simplify testing.
   • CInclude test cases for various MCCs, including edge cases like warehouse clubs and convenience stores.
   • DAsk the product owner to define a single MCC for all grocery purchases.
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2. 7application · medium

   A financial institution is developing a new loan origination system. The testing team must validate that the system correctly calculates annual percentage rates (APR) according to regulatory guidelines. What is a primary challenge the team faces?

   • AObtaining approval from the compliance department for each test case.
   • BEnsuring the test cases cover all possible loan amounts and terms.
   • CEnsuring the test environment is isolated from the production network.
   • DUnderstanding and correctly applying the regulatory formula for APR calculation.
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4. 8expert · hard

   A test analyst is working on a system that calculates the net asset value (NAV) of a mutual fund. The analyst has strong domain knowledge and knows that NAV is calculated at the end of each trading day. However, the system also needs to support real-time NAV calculations for certain clients. How should the analyst approach testing?

   • AAsk the product owner to remove the real-time NAV feature to simplify testing.
   • BTest only the end-of-day NAV calculation, as it is the primary requirement.
   • CTest only the real-time NAV calculation, as it is more complex.
   • DTest both end-of-day and real-time NAV calculations, ensuring the real-time calculation uses the same pricing rules.
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5. 9application · medium

   A QA team is testing a new trading platform that will handle high-frequency trades. The team must ensure the system can process a large volume of orders without errors. What is a key challenge specific to finance testing in this scenario?

   • ASimulating realistic market data and order flows to test the system's performance and correctness.
   • BEnsuring the test environment has the same network latency as production.
   • CEnsuring the test team has access to production data.
   • DObtaining permission from the stock exchange to run tests.
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6. 10expert · hard

   A QA team is testing a new investment platform that allows users to buy and sell stocks. The platform must comply with financial regulations, including accurate reporting of trades. The team has discovered a defect where a trade is reported with the wrong trade date. What is the most likely root cause?

   • AThe system is using the user's local time zone instead of the exchange's time zone.
   • BThe test data used an incorrect trade date.
   • CThe defect is a result of a network issue during the trade execution.
   • DThe system uses the settlement date instead of the trade date for reporting.
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