Test 13 Welcome to AADVIKMS! Empowering Finance Careers Connect with top finance professionals and employers for exciting opportunities. Total Number of Questions: 40 Time: 40 Minutes All the best... Kind Regards CMA Madhuri Kashyap & CMA Sandeep Kumar - Founder - International Navodaya Chamber of Commerce Name Email Phone State 1. Which of the following technologies is primarily used to automate repetitive tasks in finance? Blockchain Machine Learning Robotic Process Automation (RPA) Cloud Computing None 2. What is the main benefit of using blockchain in finance? Lower energy consumption Enhanced security and transparency Better customer experience Cost reduction None 3. Artificial Intelligence (AI) in finance can be applied for: Investment forecasting Fraud detection Customer service chatbots All of the above None 4. Which of the following platforms is widely used for business analytics in finance? QuickBooks Python Power BI SAP ERP None 5. In which type of technology are "smart contracts" used in finance? Artificial Intelligence Blockchain Big Data Machine Learning None 6. Which programming language is commonly used in financial modeling and analytics? HTML JavaScript Python Ruby None 7. What does the acronym ERP stand for? Enterprise Resource Planning Economic Resource Pool Enterprise Risk Prevention Economic Research Process None 8. Which of the following is a popular platform for cloud computing in finance? AWS Adobe Acrobat WordPress Wix None 9. Big data analytics in finance helps primarily with: Increasing data storage costs Enhancing customer insights Reducing employee workload Eliminating manual calculations None 10. FinTech refers to: Financial and Technology firms combined Technology-based financial services Technological advances in retail Only digital payment services None 11. The main purpose of cloud computing in finance is to: Eliminate physical offices Provide flexible data storage and processing Develop user interfaces Enhance local data storage capacity None 12. Which type of AI technology helps detect fraud by analyzing unusual spending patterns? Predictive analytics Natural Language Processing Machine Learning Robotics None 13. RPA in finance can perform which of the following tasks? Data entry Financial reporting Invoice processing - D) All of the abov All of the above None 14. Which software is commonly used for financial reporting in large corporations? Adobe Photoshop Excel WordPress Blender None 15. What is the purpose of a data lake in financial technology? Store structured data only Manage daily transactions Store large amounts of structured and unstructured data Predict stock prices None 16. Which type of analysis helps finance professionals predict future trends? Diagnostic Analysis Descriptive Analysis Predictive Analysis Root Cause Analysis None 17. What is a primary use of Natural Language Processing (NLP) in finance? Automated trading Sentiment analysis on financial news Financial data entry Budget forecasting None 18. Which of the following technologies supports real-time transaction processing? Blockchain ERP AI RPA None 19. Which of the following uses distributed ledger technology? ERP Blockchain Predictive Analytics RPA None 20. What is "deep learning" most commonly used for in finance? Customer segmentation Processing financial transactions Predicting market trends Stock price calculations None 21. Which of the following enables secure identity verification in online finance? AI Biometrics Cloud Computing Predictive Analytics None 22. In finance, an API is used to: Manage human resources Facilitate data exchange between systems Monitor employee performance Generate reports None 23. Which technology is used in the finance industry to assess customer creditworthiness using alternative data? Cloud Computing Predictive Analytics Blockchain Machine Learning None 24. Which type of AI technology can learn from financial data without explicit programming? Robotic Process Automation Predictive Analytics Machine Learning Big Data None 25. Which of the following is used to automate investment management and offer personalized financial advice? Robo-advisors Chatbots Virtual Reality ERP systems None 26. The technology that helps banks detect and prevent cyberattacks is: Natural Language Processing Predictive Analytics Cybersecurity Blockchain None 27. Which of the following technologies can track market trends through data aggregation and analysis? ERP AI RPA Blockchain None 28. The use of IoT in finance primarily aims at: Data collection from physical sources Faster data processing in the cloud Improving customer engagement Automating transactions None 29. Which of the following is a key component of digital transformation in finance? Increased manual processes Decentralization of resources Automation and data integration Reduction in technological investments None 30. Which term is used for managing and analyzing large sets of financial data? Small Data Predictive Data Data Warehousing Big Data None 31. Which technology can simulate human conversation in finance applications? Chatbots Blockchain RPA IoT None 32. How does cloud-based accounting benefit small businesses? By providing data transparency By reducing the need for physical IT infrastructure By preventing any type of data theft By lowering customer retention None 33. Which technology enables real-time updates of inventory levels in finance? Big Data ERP NLP Blockchain None 34. Data visualization tools like Tableau are used for: Transaction processing Data entry Analyzing and visualizing financial data Predicting market trends None 35. Which software is most commonly associated with business accounting and finance management? Photoshop QuickBooks Adobe Acrobat Unity None 36. Which of the following enables online transactions without intermediaries? IoT ERP Blockchain RPA None 37. Which technology enables automated tax compliance and reporting? RPA Blockchain NLP AI None 38. What does “AML” stand for in financial technology? Advanced Machine Learning Anti-Money Laundering Advanced Money Lending Automated Machine Learning None 39. Which technology is used to process massive amounts of real-time financial transactions in high-frequency trading? Big Data Cloud Computing Quantum Computing Machine Learning None 40. In finance, OCR technology is often used to: Organize corporate records Recognize and digitize text from paper documents Process online payments Monitor stock prices None Thank you for participating in our test series! We hope it boosted your knowledge and prepared you well for finance job interviews. Keep leveraging what you've learned to build confidence and excel. Wishing you great success in your career journey! Time's upTime is Up!
