Distinctive Characteristics of Regulated Finance Testing CT-FT Practice Questions (Page 6)

Questions 26–30

1. 26foundation · easy

   When testing data integrity in a financial system, what should a tester verify?

   • AThat the user interface is visually appealing
   • BThat transaction records remain consistent and accurate after processing
   • CThat the system uses the latest hardware
   • DThat the system can be accessed from any device
   Reveal Solution Discussion Select an answer first
2. 27expert · hard

   A financial institution is preparing for a major release that includes a new trading platform, a change to the interest calculation engine, and an update to the customer notification templates. The release must be completed before the end of the quarter to meet regulatory reporting deadlines. The QA team has limited resources. How should they prioritize testing?

   • ATest the trading platform and interest calculation engine thoroughly, and perform only a smoke test on the notification templates.
   • BDelay the release until all areas can be fully tested.
   • CTest only the trading platform because it is new and likely to have more defects.
   • DTest all three areas equally to ensure balanced coverage.
   Reveal Solution Discussion Select an answer first
4. 28foundation · easy

   What is the main goal of interoperability testing with external financial systems?

   • ATo reduce the cost of external systems
   • BTo ensure seamless data exchange and integration
   • CTo improve the graphical user interface
   • DTo replace external systems with internal ones
   Reveal Solution Discussion Select an answer first
5. 29foundation · easy

   Which testing practice is essential to protect sensitive financial data during test execution?

   • AStoring test data in unencrypted files
   • BAnonymizing or masking test data
   • CUsing production data without masking
   • DSharing test results on public forums
   Reveal Solution Discussion Select an answer first
6. 30expert · hard

   A financial institution is preparing for an audit of its loan management system. The auditor requires evidence that all changes to the system are traceable to regulatory requirements and that the audit trail is complete. The system has undergone many changes over the years, and documentation is inconsistent. What is the most effective way to prepare for the audit?

   • AReview the audit logs of the system to verify that all changes were logged.
   • BCreate a traceability matrix that maps each regulatory requirement to the test cases and changes that address it.
   • CInterview the developers and testers to gather information about past changes.
   • DRe-run all test cases and document the results in a new test report.
   Reveal Solution Discussion Select an answer first