FTFEB_001 Finacle Banking Ver.11.2 Techno Functional Exam
Question 1 Which statement best describes the primary role of Finacle in digital banking transformation?
- It focuses solely on ATM networking
- It provides a comprehensive core banking platform for financial institutions
- It is used only for customer relationship management (CRM)
- It operates as a standalone reporting tool
Answer: B
Explanation: Finacle is a full-fledged core banking platform offering various modules that facilitate digital banking transformation, unlike single-purpose tools or standalone applications.
Question 2 What was the primary reason behind the evolution of Finacle over different versions?
- Enhancing social media integration
- Addressing the need for advanced retail marketing features
- Adapting to evolving banking regulations and digital transformation
- Eliminating dependency on cloud-based services
Answer: C
Explanation: Finacle evolved to meet changing regulatory requirements and to leverage digital innovations in banking, ensuring continued relevance for financial institutions.
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FTFEB_001 Finacle Banking Ver.11.2 Techno Functional Exam
Question 3 Which one is a core module of Finacle Banking 11.2.x?
- IoT Monitoring Module
- Retail Banking Module
- Social Media Communication Module
- Enterprise Game Module
Answer: B
Explanation: Finacle 11.2.x includes modules like Retail Banking, Corporate Banking, and others.IoT or gaming modules are not part of its core offerings.
Question 4 Which architectural approach does Finacle Banking 11.2.x use at its core?
- Peer-to-peer decentralized architecture
- Monolithic architecture without any modular design
- Client-server architecture with a modular design
- Browser-based gaming architecture
Answer: C
Explanation: Finacle 11.2.x employs a client-server architecture with modular components that address various banking functions.
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FTFEB_001 Finacle Banking Ver.11.2 Techno Functional Exam
Question 5 Which key feature is highlighted in Finacle 11.2.x compared to earlier versions?
- Removal of all compliance features
- Introduction of advanced digital channels and open APIs
- Elimination of core banking functionalities
- Exclusion of mobile banking options
Answer: B
Explanation: One of the major enhancements in Finacle 11.2.x is the advanced digital capabilities and the provision of open APIs to facilitate better integrations.
Question 6 How does Finacle support the digital banking landscape most effectively?
- By running solely on desktop applications
- By ignoring regulations and focusing on marketing
- Through comprehensive modules and integrations that cater to online and mobile banking
- By limiting its scope to branch operations only
Answer: C
Explanation: Finacle integrates with various channels like internet, mobile, and third-party systems, supporting an all-encompassing digital banking environment.
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FTFEB_001 Finacle Banking Ver.11.2 Techno Functional Exam
Question 7 What is one main advantage of Finacle in the context of financial institutions?
- Restricted use for only one type of currency
- Simplistic design with minimal configuration options
- Scalability and compliance support
- Lack of API-based integrations
Answer: C
Explanation: Finacle is known for its ability to scale with the growth of a financial institution and for offering strong compliance features to meet regulatory standards.
Question 8 Which aspect of Finacle 11.2.x is crucial for a successful digital transformation project?
- Implementing obsolete hardware
- Robust deployment, including cloud and on-premises options
- Relying on manual processes without automation
- Excluding all third-party integrations
Answer: B
Explanation: Finacle 11.2.x can be deployed both on-premises and on cloud, offering flexibility and scalability essential for digital transformation.
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