Functional Testing of Financial Systems CT-FT Practice Questions (Page 4)

Questions 16–20

1. 16application · medium

   An insurance company is testing an end-to-end claims processing workflow. The workflow includes claim submission, automated validation, manager approval, and payment issuance. The test team needs to verify that the workflow correctly handles a claim that fails automated validation. What is the most appropriate test approach?

   • ASubmit a claim with invalid data, and verify that the workflow routes the claim back to the submitter for correction and does not proceed to approval or payment.
   • BVerify that the validation module correctly identifies invalid data by reviewing the validation rules in the requirements document.
   • CTest the claim submission and validation steps in isolation, then separately test the approval and payment steps.
   • DTest the approval and payment steps with a valid claim to ensure they work, and assume the validation failure path is handled correctly.
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2. 17foundation · easy

   What is the primary goal of data integrity testing in a financial system?

   • ATo verify that the system can handle a large volume of transactions
   • BTo check that the user interface is easy to navigate
   • CTo ensure that the system is available 24/7
   • DTo ensure that data remains accurate and consistent throughout processing
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4. 18foundation · easy

   Which of the following is a key aspect of testing state transitions in a financial workflow?

   • AEnsuring that the database is backed up regularly
   • BEnsuring that only valid state changes are allowed
   • CEnsuring that the UI is responsive on mobile devices
   • DEnsuring that the system can handle concurrent users
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5. 19application · medium

   A mortgage application process involves multiple steps: application submission, credit check, property appraisal, underwriting, and final approval. The test team needs to verify that the process correctly handles a situation where the credit check fails. What is the expected behavior of the workflow?

   • AThe workflow should skip the credit check and proceed to underwriting to save time.
   • BThe workflow should stop the process and notify the applicant that the application is rejected.
   • CThe workflow should mark the application as pending and wait for a manual override from a manager.
   • DThe workflow should continue to the next step, property appraisal, and then reject the application at final approval.
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6. 20foundation · easy

   When analyzing functional requirements for a financial system, which of the following is a key consideration?

   • AThe marketing strategy for the product
   • BThe regulatory rules that apply to the system's domain
   • CThe hardware specifications of the server
   • DThe color scheme of the user interface
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