Functional Testing of Financial Systems CT-FT Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   Which of the following is a key element of a well-written defect report?

   • AThe test environment's IP address
   • BThe estimated time to fix the defect
   • CThe name of the developer who will fix the defect
   • DClear steps to reproduce the defect
   Reveal Solution Discussion Select an answer first
2. 22foundation · easy

   Which of the following is a common usability issue in financial applications?

   • AAmbiguous error messages that do not explain how to fix the problem
   • BThe system not encrypting data in transit
   • CThe system taking too long to process a transaction
   • DThe system being unavailable during peak hours
   Reveal Solution Discussion Select an answer first
4. 23expert · hard

   A bank is implementing a new loan approval workflow that involves multiple systems: the loan origination system, the credit bureau API, and the core banking system. The workflow must check the applicant's credit score, verify the loan amount against internal limits, and then create the loan account in the core system. The test team has limited time and must prioritize testing. Which test approach is most effective for verifying the end-to-end workflow?

   • ATest each system in isolation first, then test the integration points between the systems, and finally test the complete end-to-end workflow.
   • BTest the end-to-end workflow only with valid data, since invalid data is handled by each system's validation.
   • CTest the integration points between the systems, but skip the end-to-end workflow testing to save time.
   • DTest only the end-to-end workflow with a few representative scenarios, since the systems are already tested individually.
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   Which of the following is a common technique for designing test cases for financial calculations?

   • ALoad testing
   • BBoundary value analysis
   • CUsability testing
   • DPenetration testing
   Reveal Solution Discussion Select an answer first
6. 25foundation · easy

   Which of the following is an example of a data validation rule in a financial system?

   • AA field that accepts only numeric values for an amount
   • BA rule that ensures the system responds within 3 seconds
   • CA rule that specifies the backup frequency
   • DA rule that defines the color of error messages
   Reveal Solution Discussion Select an answer first