Role of Test Automation in Finance Testing CT-FT Practice Questions (Page 2)

Questions 6–10

1. 6application · medium

   A financial institution is automating tests for its credit card transaction processing system. The system calculates rewards points based on transaction categories and amounts. The team has automated the calculation tests for the most common categories. What is the best way to ensure the automation covers less common but critical categories?

   • AManually test the less common categories and keep the automated tests as they are.
   • BWrite separate test scripts for each less common category.
   • CIncrease the number of test runs to see if the less common categories are covered randomly.
   • DAdd test data for the less common categories to the existing data-driven test suite.
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2. 7foundation · easy

   Which of the following best describes a key purpose of test automation in a financial application?

   • ATo replace the need for business analysts in requirement gathering
   • BTo automatically fix defects found during testing
   • CTo perform repetitive regression tests quickly and consistently
   • DTo ensure that all financial calculations are correct without any human involvement
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4. 8application · medium

   A credit union is automating tests for its loan approval workflow. The workflow involves multiple decision points based on credit score, income, and loan amount. The team has automated the happy path (approved) and the rejection path (declined). What additional type of test would be MOST valuable to automate to ensure the decision logic is correct?

   • AUsability tests to ensure the loan application form is easy to fill out.
   • BBoundary value tests for the credit score thresholds and income ranges that determine approval or rejection.
   • CSecurity tests to ensure that customer data is encrypted during transmission.
   • DPerformance tests to see how many loan applications the system can process per minute.
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5. 9foundation · easy

   Which financial test scenario is more likely to require manual testing rather than automation?

   • AVerifying that a tax calculation matches a spreadsheet for 1,000 data sets
   • BEvaluating the usability of a new mobile banking app
   • CRunning a large batch of regression tests overnight
   • DChecking that a data migration process preserves all records
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6. 10application · medium

   A fintech company is introducing test automation for its payment processing system. The system handles a high volume of transactions and has complex business rules for fraud detection. The team wants to automate as much as possible. Which type of test is LEAST suitable for full automation and why?

   • APerformance tests that simulate high transaction volumes, because they require specialized tooling.
   • BData integrity tests that verify the consistency of transaction records across databases.
   • CExploratory tests of new fraud detection rules, because the expected behavior may not be fully defined and requires human judgment.
   • DRegression tests for transaction processing, because they are repetitive and stable.
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