Challenges and the Role of Domain Knowledge in Finance Testing CT-FT Practice Questions (Page 4)

Questions 16–20

1. 16expert · hard

   A QA team is testing a new cross-border payment system that must comply with data protection regulations in multiple jurisdictions. The team has access to production data, but it is masked. The team is considering using real customer data for a subset of tests to ensure accuracy. What is the most appropriate approach?

   • AUse real customer data for all tests to ensure the highest accuracy.
   • BUse masked data for all tests, but create additional synthetic data that mimics the characteristics of real transactions.
   • CUse real customer data only for tests that do not leave the test environment.
   • DAsk the legal department to approve the use of real data for testing.
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2. 17foundation · easy

   Which of the following is a common challenge specific to testing in the financial services industry?

   • AHandling large volumes of non-sensitive, publicly available data
   • BAvoiding the use of test data to prevent any impact on production systems
   • CEnsuring compliance with regulatory requirements such as data protection and financial reporting standards
   • DMinimizing the need for audit trails and logging to reduce system overhead
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4. 18application · medium

   A test analyst is assigned to test a new insurance claims processing system. The analyst has a background in software testing but no insurance domain knowledge. What is the most likely impact on the testing effort?

   • AThe analyst will rely on the developers to provide test scenarios.
   • BThe analyst will be able to test the system effectively by focusing on technical aspects.
   • CThe analyst will be more objective because they are not biased by domain assumptions.
   • DThe analyst will struggle to identify valid and invalid claim scenarios, leading to incomplete test coverage.
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5. 19application · medium

   A test analyst is designing test cases for a retail banking mobile app that calculates daily interest on savings accounts. The product owner specifies that interest should be calculated on the minimum daily balance. The analyst, who has basic domain knowledge, writes a test case that checks the interest on the closing balance. What is the most likely consequence of this test design?

   • AThe test will pass even if the interest calculation is wrong, because the test data is not realistic.
   • BThe test will detect a defect in the interest calculation, because the expected result is based on the closing balance.
   • CThe test will fail incorrectly, because the expected result is based on the wrong balance type.
   • DThe test will not detect a defect in the interest calculation, because the expected result is based on the wrong balance type.
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6. 20expert · hard

   A test analyst is testing a system that calculates foreign exchange (FX) rates for currency conversions. The analyst knows that FX rates fluctuate constantly and that the system must use the rate at the time of the transaction. How should the analyst design test cases?

   • ATest cases should be based on the rate at the start of the day to simplify testing.
   • BTest cases should use a fixed FX rate for all transactions to ensure consistency.
   • CTest cases should verify that the system uses the FX rate at the time of the transaction, including scenarios where rates change between transactions.
   • DTest cases should only verify the conversion calculation, not the rate source.
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