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22A Quiz 2 FINTECH

Authored by Aliana Amir

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22A Quiz 2 FINTECH
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary goal of FinTech?

A) To maintain traditional financial systems unchanged.

B) To complicate financial processes and transactions.

C) To deliver financial services in more efficient and accessible ways using technology.

D) To promote manual banking transactions over digital ones.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which of the following is NOT an example of FinTech?


A) Online Banking Platforms.

B) Peer-to-Peer (P2P) Lending Platforms.

C) Traditional brick-and-mortar banks.

D) Robo-Advisors.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. How does blockchain technology contribute to FinTech?


A) By introducing centralized ledger systems.

B) By increasing transaction costs and processing times.

C) By providing transparent and secure recording of transactions.

D) By eliminating the need for digital currencies.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which regulatory body oversees telecommunications and multimedia activities related to FinTech in Malaysia? 


A) Bank Negara Malaysia (BNM).

B) Securities Commission Malaysia (SC).

C) Malaysian Communications and Multimedia Commission (MCMC).

D) Financial Technology Enabler Group (FTEG).

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. What is the purpose of open banking?


A) To restrict data sharing among financial institutions.

B) To standardize APIs for third-party developers.

C) To decrease collaboration between banks and fintech companies.

D) To limit access to financial services.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. What trend in FinTech involves the exploration of decentralized lending, borrowing, and trading without intermediaries?


A) Open Banking.

B) Digital Currencies.

C) Decentralized Finance (DeFi).

D) Green Finance and Sustainable Investing.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. How does RegTech contribute to the FinTech landscape?


A) By increasing manual regulatory processes.

B) By automating compliance processes and enhancing regulatory reporting efficiency.

C) By ignoring regulatory requirements.

D) By slowing down the development of financial services.

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