Functional Testing of Financial Systems CT-FT Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A brokerage firm is testing a new order management system. The system must calculate the total cost of a trade, including commission and taxes, and then send the order to the exchange. The test team needs to design test cases for the trade calculation function. Which test case design is most effective?

   • AUse boundary value analysis to test trades with minimum and maximum order quantities, and use equivalence partitioning for different tax rates.
   • BTest only the calculation with a single set of values that represents a typical trade, since the formula is straightforward.
   • CUse equivalence partitioning to test one valid trade with a typical commission rate and one invalid trade with a negative quantity.
   • DTest the calculation by sending the order to the exchange and verifying the response, without checking the calculated total.
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2. 12foundation · easy

   What is the main purpose of integration testing in financial systems?

   • ATo evaluate the user interface's ease of use
   • BTo verify that the system meets all functional requirements in isolation
   • CTo verify that different modules and external systems work together correctly
   • DTo test the system's performance under peak load
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4. 13application · medium

   A financial institution is integrating its core banking system with a new external credit bureau API. The integration must exchange customer credit scores and update the bank's records. The test team is planning integration tests. Which test scenario is most critical for ensuring data integrity during the exchange?

   • AVerify that the API endpoint is reachable and responds within the expected timeout.
   • BEnsure that the API documentation is up to date and available to the development team.
   • CSend a test request with a known customer ID and verify that the credit score returned matches the expected value from the credit bureau's test data.
   • DConfirm that the API uses HTTPS and that the connection is encrypted.
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5. 14foundation · easy

   When designing test cases for a financial transaction, which of the following is a critical input?

   • AThe transaction's visual representation in the UI
   • BThe transaction's execution time on the test environment
   • CThe transaction's expected result based on the business rules
   • DThe transaction's backup and recovery plan
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6. 15foundation · easy

   What is the primary objective of usability testing for a financial application?

   • ATo test the system's performance under heavy load
   • BTo ensure that users can perform tasks efficiently and without errors
   • CTo check the system's security against unauthorized access
   • DTo verify that the system meets all functional requirements
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