Distinctive Characteristics of Regulated Finance Testing CT-FT Practice Questions (Page 3)

Questions 11–15

1. 11expert · hard

   A stock exchange is upgrading its trading system to handle higher transaction volumes. The system must also integrate with external market data feeds and regulatory reporting systems. The upgrade must be completed before a major trading event. The project team has limited time and budget. What is the most important performance test to conduct?

   • ASoak testing the system over a long period to check for memory leaks.
   • BStress testing the core trading engine beyond its limits to find the breaking point.
   • CLoad testing the entire system, including external integrations, at the expected peak volume.
   • DSpike testing to see how the system handles sudden increases in volume.
   Reveal Solution Discussion Select an answer first
2. 12application · medium

   During testing of a payment processing system, a QA engineer discovers that when a transaction fails due to insufficient funds, the system logs the error but does not update the account balance or notify the customer. Which test should be added to the regression suite to ensure compliant behavior?

   • AVerify that the failed transaction is recorded in the audit log with a clear error code.
   • BVerify that the system marks the account as blocked for future transactions.
   • CVerify that the transaction is automatically retried until it succeeds.
   • DVerify that the account balance is not debited and that a notification is sent to the customer.
   Reveal Solution Discussion Select an answer first
4. 13application · medium

   A financial institution is preparing for an external audit of its trading system. The auditor requires evidence that all changes to the system were tested and that each test case can be linked to a specific regulatory requirement. What should the QA lead ensure is in place?

   • AA detailed test execution report showing pass/fail status for the latest test run.
   • BA list of all testers' names and their roles in the project.
   • CA backup of the production database taken before each release.
   • DA traceability matrix mapping test cases to regulatory requirements and change requests.
   Reveal Solution Discussion Select an answer first
5. 14expert · hard

   A bank is integrating its core banking system with a new payment gateway and a regulatory reporting platform. The integration must handle peak transaction volumes and ensure that all transactions are reported to the regulator. The project team has limited time and budget. What is the most effective testing approach?

   • APerform load testing on the core banking system only, without involving the external systems.
   • BPerform full end-to-end testing of the integration with the payment gateway and regulatory reporting platform, including load testing at peak volumes.
   • CTest the payment gateway integration thoroughly and assume the regulatory reporting platform works correctly.
   • DUse a subset of test data and test only the most common transaction types.
   Reveal Solution Discussion Select an answer first
6. 15foundation · easy

   In risk-based testing, which factor should be the primary driver when deciding which financial functions to test first?

   • AThe order in which features were developed
   • BThe number of testers available
   • CThe likelihood and impact of a failure in that function
   • DThe ease of writing test cases
   Reveal Solution Discussion Select an answer first