Final Term Quiz

1. DeFi operates on principles of decentralization, transparency, interoperability, and composability.

• True

• False

It’s paramount in electronic finance to protect sensitive financial information, personal data, and digital assets from unauthorized access, breaches, and cyberattacks.

• Regulatory compliance

• Data privacy and security regulations

• GDPR and PCI-DSS

• Regulatory Frameworks

Maintaining ______ is essential for financial institutions to avoid fines and legal consequences.

• GDPR and PCI-DSS

• Data Privacy

• Cybersecurity

• Regulatory Compliance

Who sets the regulatory landscape in the finance sector?

• Government agencies, central banks, and international bodies

• Private companies

• Financial Intermediaries

• Industry associations

The RegTech Solutions are known for Requirement Technology.

• True

• False-Regulatory Techniques

• False-Regulatory Technology

Hold promise for revolutionizing finance by solving complex computational problems at unprecedented speeds.

• High Frequency Trading

• Quantum Computing

• Fintech Innovation

• Artificial Intelligence (AI)

Fintech solutions have made financial services more accessible to a wider range of people.

• True

• False

Data Governance Policy is formulated by which Department:

• Data Management Office

• Data Protection Office

• Information Security Department

• Compliance Department

Ethical considerations in fairness and mitigating bias include preventing discrimination based on factors such as race, gender, age, and socio-economic status.

• True

• False

It is a decentralized digital ledger that records transactions across multiple computers in a way that prevents tampering or modification.

• Decentralized Finance (DeFi)

• Cryptocurrency

• General Ledger

• Blockchain Technology