FinTech Quiz

What does UPI stand for?

• Unified Payments Interface

• Universal Payment Integration

• United Payment Infrastructure

• Unique Payment Identifier

Which Indian regulator oversees digital payments and banking operations?

• SEBI

• IRDAI

• RBI

• NPCI

Which database is commonly used in financial applications for transactional consistency (ACID compliance)?

• MongoDB

• MySQL/PostgreSQL

• Firebase Realtime

• Redis

In a payment gateway, which of the following is typically the first step in the transaction process?

• Funds Settlement

• Authorization Request

• Refund Initiation

• Reconciliation

Which tech stack is common in building full-stack FinTech apps?

• MERN (Mongo, Express, React, Node)

• LAMP (Linux, Apache, MySQL, PHP)

• MEAN (Mongo, Express, Angular, Node)

• All of the above

Which Indian company offers mutual fund investments with zero commission under the name “Coin”?

• Paytm

• Zerodha

• Groww

• Upstox

Which technology powers cryptocurrencies like Bitcoin?

• Cloud Computing

• Blockchain

• AI/ML

• NoSQL

Which global payment platform recently launched ‘Tap to Pay’ using UPI in India?

• PayPal

• Apple Pay

• Google Pay

• Visa

You are designing a FinTech app where even non-technical people will view complex investment data. What should be your UI/UX priority?

• Colorful charts

• Simplified data summaries and tooltips

• Technical financial jargon

• Password reuse to reduce login steps

What is the most critical characteristic required in the FinTech Applications?

• Scalability

• Speed

• Cost-Effective

• Security