Fintech Security MCQs with answers Page - 5

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 device binding in banking apps?

  • (A) Connecting to Wi-Fi
  • (B) Linking a bank account to a specific mobile device
  • (C) Charging the battery
  • (D) Installing antivirus

A

Arogya • 2.57K Points
Extraordinary

Q. What is risk-based authentication?

  • (A) Random password generation
  • (B) Security checks based on user behavior and location
  • (C) Deleting accounts
  • (D) Creating fake users

A

Arogya • 2.57K Points
Extraordinary

Q. Which data should never be stored in plain text in FinTech systems?

  • (A) User passwords
  • (B) Public announcements
  • (C) Website logos
  • (D) Help pages

A

Arogya • 2.57K Points
Extraordinary

Q. Which security practice ensures systems remain operational during attacks?

  • (A) Redundancy and backups
  • (B) Deleting logs
  • (C) Removing encryption
  • (D) Disabling firewall

A

Arogya • 2.57K Points
Extraordinary

Q. What is transaction monitoring in FinTech?

  • (A) Counting money manually
  • (B) Tracking transactions to detect fraud
  • (C) Sending SMS alerts only
  • (D) Printing bank statements

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