Fintech Security MCQs with answers Page - 2

Here, you will find a collection of MCQ questions on Fintech Security. Go through these questions to enhance your preparation for upcoming examinations and interviews.

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A

Arogya • 2.57K Points
Extraordinary

Q. What is tokenization in payment security?

  • (A) Replacing card details with a random token
  • (B) Increasing transaction fees
  • (C) Storing passwords in plain text
  • (D) Sending OTP repeatedly

A

Arogya • 2.57K Points
Extraordinary

Q. Which law/regulation helps protect digital payments in India?

  • (A) RBI Guidelines
  • (B) Traffic Rules
  • (C) GST Billing Only
  • (D) Passport Act

A

Arogya • 2.57K Points
Extraordinary

Q. Biometric authentication includes:

  • (A) Fingerprint
  • (B) Face recognition
  • (C) Iris scan
  • (D) All of the above

A

Arogya • 2.57K Points
Extraordinary

Q. Which attack overloads a banking server making it unavailable?

  • (A) DDoS attack
  • (B) Sorting
  • (C) Caching
  • (D) Backup

A

Arogya • 2.57K Points
Extraordinary

Q. What should a user never share in digital banking?

  • (A) UPI PIN
  • (B) OTP
  • (C) Card CVV
  • (D) All of the above

A

Arogya • 2.57K Points
Extraordinary

Q. What is the main purpose of a firewall in FinTech systems?

  • (A) Increase internet speed
  • (B) Block unauthorized network access
  • (C) Store customer passwords
  • (D) Create mobile apps

A

Arogya • 2.57K Points
Extraordinary

Q. HTTPS in banking websites indicates:

  • (A) Website is faster
  • (B) Connection is encrypted
  • (C) Website is free
  • (D) Server is offline

A

Arogya • 2.57K Points
Extraordinary

Q. What does CVV stand for on debit/credit cards?

  • (A) Card Verification Value
  • (B) Customer Virtual Verification
  • (C) Central Value Variable
  • (D) Credit Valid Version

A

Arogya • 2.57K Points
Extraordinary

Q. Which authentication factor is a fingerprint?

  • (A) Something you know
  • (B) Something you have
  • (C) Something you are
  • (D) Something you install

A

Arogya • 2.57K Points
Extraordinary

Q. SIM swap fraud primarily targets:

  • (A) Bank building
  • (B) Mobile number linked to bank account
  • (C) ATM machines
  • (D) Cheque books

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