Principles of Risk-Based Testing in Financial Systems CT-FT Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   Which statement best describes risk-based testing?

   • AA method that ensures every feature is tested with the same number of test cases
   • BA technique that focuses testing on areas with the highest potential for defects and business impact
   • CA process that only tests regulatory requirements and ignores other functionality
   • DA strategy that tests the system only after all development is complete
   Reveal Solution Discussion Select an answer first
2. 2application · medium

   A financial institution is preparing to test a new online banking platform. The compliance team has flagged that the system must handle new anti-money laundering (AML) regulations. The operations team reports that the transaction processing engine has had stability issues in the past. The marketing team wants a new user interface feature tested first. According to risk-based testing principles, which area should receive the highest testing priority?

   • AThe new user interface feature, because it is most visible to customers.
   • BThe AML compliance functionality, because regulatory non-compliance can result in significant fines and reputational damage.
   • CThe transaction processing engine, because it has a history of stability issues.
   • DAll areas equally, to ensure comprehensive coverage.
   Reveal Solution Discussion Select an answer first
4. 3foundation · easy

   What should be communicated to stakeholders in the results of risk-based testing?

   • AThe names of all testers involved
   • BThe residual risks and recommendations for mitigation
   • COnly the number of test cases executed
   • DThe details of every defect found
   Reveal Solution Discussion Select an answer first
5. 4application · medium

   A financial services company must comply with the General Data Protection Regulation (GDPR) for its customer data handling. The risk assessment shows that the data encryption module has a high likelihood of defects and a high impact on compliance. Other modules have lower risk. How does risk-based testing support GDPR compliance?

   • ABy documenting that testing was performed, regardless of coverage.
   • BBy testing only the modules that are directly mentioned in the GDPR text.
   • CBy focusing testing efforts on the data encryption module, as it poses the highest compliance risk.
   • DBy testing all modules with the same intensity to ensure no compliance gaps.
   Reveal Solution Discussion Select an answer first
6. 5foundation · easy

   In a financial system, which risk category would a failure in the payment processing engine that causes transactions to be duplicated fall under?

   • AOperational risk
   • BRegulatory risk
   • CMarket risk
   • DFinancial risk
   Reveal Solution Discussion Select an answer first