Practice Banking And Finance (13.3.6) - Applications of Data Science - CBSE 10 AI (Artificial Intelleigence)
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Banking and Finance

Practice - Banking and Finance

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is the main purpose of fraud detection?

💡 Hint: Think about why banks need to secure customer funds.

Question 2 Easy

What does credit scoring help determine?

💡 Hint: Consider the financial decisions banks make.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is one key purpose of fraud detection?

Increase loan approvals
Identify unusual transactions
Enhance marketing efforts

💡 Hint: Consider the security of customer accounts.

Question 2

True or False: Credit scoring only relies on a borrower's income.

True
False

💡 Hint: Think about other data points that could be relevant.

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Create a hypothetical dataset that could be used for credit scoring and explain the types of analyses you would conduct.

💡 Hint: Think of what lenders need to know about a borrower.

Challenge 2 Hard

Design a basic fraud detection algorithm that flags transactions. What parameters would it consider?

💡 Hint: Focus on what makes a transaction suspicious.

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