Role of Test Automation in Finance Testing CT-FT Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   How does test automation influence the test strategy for financial systems?

   • AIt allows for more frequent regression testing without increasing manual effort
   • BIt eliminates the need for risk-based prioritization
   • CIt guarantees that all tests are executed in every release
   • DIt reduces the need for test environment management
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2. 2application · medium

   A bank's QA team is automating tests for a loan origination system. The system calculates interest using complex formulas that vary by product type. The team has automated the calculation tests, but the expected results are hardcoded in the test scripts. What is the primary risk of this approach?

   • AThe tests will fail when the calculation logic is intentionally changed, even if the change is correct.
   • BThe tests will be unable to detect changes in the calculation logic because the expected values are fixed.
   • CThe tests will require manual intervention to set up test data for each product type.
   • DThe tests will run too slowly to be useful in the regression cycle.
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4. 3application · medium

   A financial institution is automating tests for its trade settlement system. The system matches buy and sell orders and calculates net positions. The team has automated the matching logic tests, but the test data is static and does not cover all possible order types. What is the best way to improve the automation to increase coverage?

   • AManually test the additional order types and keep the automated tests as they are.
   • BUse data-driven testing to run the same test logic with multiple sets of order data covering different order types and edge cases.
   • CAdd more assertions to the existing tests to check additional properties of the settlement results.
   • DIncrease the number of test runs to see if the results vary over time.
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5. 4application · medium

   A financial software company is adopting test automation for its regulatory reporting system. The system generates reports that must be submitted to regulators. The team has limited automation expertise. What is the most effective way to start the automation initiative?

   • AAutomate all reporting tests at once to achieve maximum coverage quickly.
   • BHire external consultants to automate all tests and then hand them over to the team.
   • CStart with a pilot project automating the most critical and stable reporting tests, and use the lessons learned to expand.
   • DPurchase an expensive automation tool and expect it to solve all testing challenges.
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6. 5application · medium

   A financial institution is automating its end-of-day batch processing tests. The batch process runs at night and generates reports used for regulatory compliance. The QA team has automated the test execution, but the batch job sometimes completes late, causing tests to fail due to timing issues. What is the best way to handle this challenge?

   • ADesign the automated tests to wait for the batch job to complete by polling for the expected output, rather than using fixed delays.
   • BIncrease the timeout values in the automated tests to allow for occasional late completion.
   • CRemove timing-related tests from the automated suite and test them manually.
   • DRun the batch job manually before executing the automated tests to ensure it completes on time.
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