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FINS3648 Quiz #2 MCQ Sample Questions
Q1: What is the key to success in the study case “Kabbage”?
A) They are funded and backed by regulator to minimise the risk
B) They see the gap in the financial market and use technology to measure the risk and provide the solutions
C) They have strong relationships with a few key clients which bring the most revenue to the company
D) They can predict the future using roboadvisor and invest in the market and make profit using leverage
ANSWER:B
Q2: Which type of institution has the most assets under management in Australia?
A) Banks
B) Public Unit Trusts
C) Life insurance companies
D) Superannuation
ANSWER:A
Q3: Know your customer (KYC) is critical for business from regulatory perspective because
A) It helps maximise business revenue and turnover by understanding customers’ preference
B) Business can collect customer data and make profit out of it
C) It can protect against fraud and crimes and to deliver on obligations in terms of products and services
D) Business can proactively chase the sources of money laundering and protect the public interest
ANSWER:C
Q4: Which age group is the biggest market in Fintech area?
A) 18-24
B) 25-34
C) 35-44
D) 45-54
ANSWER:B
Q5: Robinhood is an example of how Fintech company makes business by
A) Finding the business gap in regulation sandbox
B) Automating the repetitive task and lower the operation costs
C) Offering client free service and capture the market share
D) Using Know Your Client (KYC) technique and robot advisory to provide tailor made portfolios to the clients
ANSWER:C