FinTech Knowledge Quiz

In the “Upside Down” of banking, a transaction needs to be immutable and verified without a central bank. Which consensus mechanism provides this trust?

• Proof of Work

• Proof of Stake

• Double-Spend Prevention

• Byzantine Fault Tolerance

APIs act like portals between apps and banks. Which open banking regulation in Europe made APIs mandatory for financial institutions?

• PSD2 (Payment Services Directive 2)

• Basel III

• MiFID II

• GDPR

If Hawkins Bank launched a centralized digital currency, which feature would differentiate it from Bitcoin?

• Peer-to-peer, permissionless access

• Controlled issuance by central authority

• No need for regulation or KYC

• Mining-based reward system

A Demogorgon attack on Hawkins Lab is sudden and destructive. Which cyberattack in FinTech is similar in nature to draining funds within minutes?

• DDoS Attack

• Ransomware

• Phishing

• SIM-Swap Attack

The Mind Flayer manipulates patterns unseen. Similarly, which FinTech application uses AI for pattern recognition to reduce false positives in fraud detection?

• Chatbots

• Neural Networks

• Encryption

• Data Warehousing

Like Hawkins Lab, regulators test new innovations in a controlled environment. Which country first introduced a FinTech regulatory sandbox?

• Singapore

• United Kingdom

• United States

• India

Which Indian FinTech innovation enables instant, 24/7 fund transfer without bank working hours?

• IMPS

• RTGS

• NEFT

• UPI

Which cryptocurrency is most associated with dark web transactions due to its privacy features?

• Bitcoin

• Ethereum

• Monero

• Ripple

FinTech seals fraud with?

• OTP

• Encryption

• QR Code

• Cheque

Which tech sends instant payments?

• RTGS

• Cheque

• UPI

• Passbook