Quiz_Session6_to_8_Recap_Quiz

Question 1

Why are financial literacy resources important in digital banking?

Accepted Answer

They help customers make informed decisions

Question 2

What is a common reason for customer mistrust in digital finance tools?

Accepted Answer

Data privacy concerns

Question 3

What type of authentication uses biometrics?

Accepted Answer

Multi-factor

Question 4

Which technology enables smart, data-driven investment advice?

Accepted Answer

AI/ML

Question 5

What does MFA stand for in digital banking security?

Accepted Answer

Multi-Factor Authentication

Question 6

What is the role of encryption in cybersecurity?

Accepted Answer

Protects data by converting it to unreadable format

Question 7

What is the first step in building financial wellness?

Accepted Answer

Creating a budget

Question 8

Which of the following is a high-impact trend in banking?

Accepted Answer

AI-driven personalization

Question 9

What is the purpose of yield farming in DeFi?

Accepted Answer

Maximizing returns on crypto assets

Question 10

Which of the following is a common phishing method?

Accepted Answer

Smishing

Question 11

What is a key goal of financial wellness tools?

Accepted Answer

Enhancing money management

Question 12

Which is an example of embedded finance?

Accepted Answer

Loan offered inside a ride-hailing app

Question 13

Which app feature helps users save money by rounding up purchases?

Accepted Answer

Round-up savings

Question 14

How does AI support fraud detection?

Accepted Answer

Anomaly detection

Question 15

A robo-advisor typically does NOT do which of the following?

Accepted Answer

Provide legal advice

Question 16

Which type of fraud involves impersonating a bank over the phone?

Accepted Answer

Vishing

Question 17

A budgeting app helps users by:

Accepted Answer

Tracking expenses and savings goals

Question 18

What is a key benefit of robo-advisors in investment planning?

Accepted Answer

Automated portfolio management

Question 19

What is the primary function of a Security Operations Center (SOC)?

Accepted Answer

Security monitoring and response

Question 20

Which cybersecurity concept limits user access to only necessary data?

Accepted Answer

Least privilege

Questions 20