Fintech MCQ Quiz

Fintech MCQ Quiz

12th Grade

8 Qs

quiz-placeholder

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Fintech MCQ Quiz

Fintech MCQ Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

IBSA Wealthstreet

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does 'RegTech' play in fintech?

Regulatory Compliance

Retail Technology

Renewable Technologies

Real-time Transaction Verification

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which technology is fundamental to blockchain in fintech?

Machine Learning

Distributed Ledger

Cloud Computing

Quantum Computing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which fintech innovation is designed to verify and authenticate digital transactions securely?

Digital Wallets

Smart Contracts

Biometric Authentication

Distributed Ledger Technology

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which fintech concept involves using algorithms to analyze financial data and make predictions?

Algorithmic Trading

Crowdfunding

Digital Identity Verification

Cryptocurrency Mining

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of a decentralized finance (DeFi) platform in fintech?

Facilitate centralized banking services

Enable peer-to-peer lending without intermediaries

Manage traditional investment portfolios

Provide secure cryptocurrency storage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the acronym 'API' stand for in fintech?

Automated Payment Interface

Application Programming Interface

Advanced Portfolio Integration

Automated Protocol Integration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which technology enables real-time, cross-border payments in fintech?

NFC (Near Field Communication)

SWIFT (Society for Worldwide Interbank Financial Telecommunication)

DLT (Distributed Ledger Technology)

QR Codes (Quick Response Codes)

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of robo-advisors in fintech?

Provide mortgage advice

Automate investment management

Manage cryptocurrency portfolios

Facilitate peer-to-peer lending