Role of Test Automation in Finance Testing CT-FT Practice Questions (Page 3)

Questions 11–15

1. 11expert · hard

   A global bank is automating tests for its anti-money laundering (AML) monitoring system. The system generates alerts based on transaction patterns. The bank must comply with strict regulatory reporting deadlines. The automation team has a limited budget and must choose between automating the alert generation tests or the report generation tests. Which choice is more aligned with a risk-based test strategy?

   • AAutomate both, but reduce the number of test cases in each to stay within budget.
   • BAutomate the report generation tests because they are required for regulatory compliance and must be accurate.
   • CAutomate the alert generation tests because they cover the core detection logic and are more likely to change with new regulations.
   • DAutomate neither and rely on manual testing because the system is too complex for automation.
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2. 12application · medium

   A fintech startup is automating tests for its mobile banking app. The app allows users to transfer money, view balances, and pay bills. The team has limited experience with test automation. What is the most significant challenge they are likely to face when automating tests for the money transfer feature?

   • AThe feature involves complex calculations and business rules that are difficult to verify with automation.
   • BThe feature requires manual testing because it involves user authentication.
   • CThe feature is too simple to benefit from automation.
   • DThe feature is only used by a small number of users, so automation is not worth the effort.
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4. 13expert · hard

   A financial services company is implementing test automation for its portfolio management system. The system handles multiple asset classes and complex valuation calculations. The test manager is planning the automation strategy. Which factor is MOST important to consider when deciding which tests to automate first?

   • AThe frequency of execution and the potential for human error in manual testing.
   • BThe number of testers available to write automated scripts.
   • CThe complexity of the test cases, regardless of their importance.
   • DThe cost of the automation tool licenses.
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5. 14foundation · easy

   What is a primary goal of test automation in finance testing?

   • ATo improve efficiency, accuracy, and coverage of financial applications
   • BTo eliminate the need for manual testing entirely
   • CTo guarantee zero defects in production
   • DTo replace the need for test data management
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6. 15expert · hard

   A financial software vendor is automating tests for its tax calculation module. The module calculates taxes based on jurisdiction-specific rules. The team has automated the tests, but they are failing intermittently due to differences in the test environment (e.g., date settings, locale). What is the most effective way to address this challenge?

   • ARemove the tests that are failing intermittently from the automated suite.
   • BStandardize the test environment configuration, including date, time, and locale settings, and make the tests independent of environment-specific values.
   • CIncrease the number of test reruns to reduce the impact of intermittent failures.
   • DMove all tests to a single environment and avoid parallel execution.
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