WorksheetsDTB-Q1.H
Total questions: 10
Worksheet time: 5mins
1. Which technology is often used to ensure secure online transactions in Fintech?
a) Blockchain
b) Typewriters
c) Fax machines
d) Landline phones
2. Which of these is not typically considered a Fintech service?
a) Cryptocurrency exchange
b) Online payment gateway
c) Manual coin counting
d) Robo-advisory investment platforms
3. n Fintech, “KYC” is an important compliance process. What does it mean?
a) Keep Your Cash
b) Know Your Customer
c) Key Your Code
d) Keep Your Card
4. Which of the following is a common feature of digital banking?
a) Mobile money transfers
b) Paper cheque clearing
c) Face-to-face teller transactions only
d) Cash deposits without any machine
5. Which is not a digital banking channel?
a) ATM
b) Mobile app
c) Internet banking website
d) Bank passbook
6. Why do banks use encryption in digital banking?
a) To make messages unreadable to unauthorized parties
b) To speed up transaction times
c) To print paper receipts faster
d) To lower internet costs
7. What is Blockchain primarily used for?
a) Sending emails
b) Recording transactions securely and transparently
c) Printing documents
d) Making phone calls
8. Which key technology is the foundation of Blockchain?
a) Database indexing
b) Distributed ledger technology (DLT)
c) Barcode scanning
d) Cloud printing
9. What is the main benefit of Blockchain for financial transactions?
a) Slow processing speed
b) Transparency and security
c) Manual approval for every step
d) High paper usage
10. Which statement about Blockchain is TRUE?
a) Data can be easily changed without anyone noticing
b) Blockchain is only for cryptocurrencies
c) Blockchain records are permanent and tamper-resistant
d) Blockchain works without the internet
