Indian Institute of Technology Madras
BS Degree Programme · Examination & Study Paper
Business Data Management
FinTech & payments
Examination Instructions & Guidelines
- Solve on notebook/paper first before checking solutions.
- MCQ: Exactly 1 option is correct. Negative marking applies.
- NAT: Numerical response. No negative marking.
- Scientific calculator allowed for all calculations.
- Official answer key is sealed at the end of this sheet.
End Term · 31 Aug 2025 (FN)End Term
- Q1MCQ1 Mark·Choose one option
To reduce credit losses, a FinTech company should:
- ADecrease credit score approval threshold
- BIncrease credit score approval threshold
- CEliminate credit checks
- DApprove all applications
- Q2MCQ1 Mark·Choose one option
A customer purchases on ClipKart using HFCD Credit Card via PayBlade. What is the correct payment flow sequence?
- ACustomer → HFCD → ClipKart
- BCustomer → HFCD → PayBlade → ClipKart
- CCustomer → PayBlade → HFCD → ClipKart
- DCustomer → ClipKart → HFCD → PayBlade
End Term · 31 Aug 2025 (AN)End Term
- Q3NAT2 Marks·Write the number
DigitalPay earns revenue as follows: - 2.5% transaction fee on all payments - 15% annual interest on credit transactions - 8% loss rate on credit (unpaid amounts) March transactions: Debit payments: Rs.10,00,000 Credit payments: Rs.5,00,000 Credit defaults: Rs.40,000 Calculate net profit for March:
Your answer:
End Term · 13 Apr 2025 (FN)End Term
- Q4MCQ1 Mark·Choose one option
If a FinTech company wants to cut down losses, which of the following should they do?
- ADecrease approval cutoff of credit score
- BIncrease interest rate
- CIncrease approval limit for loans
- DIncrease approval cutoff of credit score
- EGive more loans
- Q5MCQ2 Marks·Choose one option
PePhone is a FinTech firm that processes payments. Following are sources of revenue for the company – 3.5% of transaction amount as transaction fee from merchant for all types of transactions (credit and debit), 18% p.a. interest on credit transactions and incurs a loss of credit if not paid back. Calculate the overall profit for the company based on the below table – (Assume payback of credit in a year) Note: Declined transactions will not get credit but customers will complete the payment through PePhone using their bank details.
- A– 211.0
- B– 192.72
- C–131.94
- D– 162.18
End Term · 22 Dec 2024 (AN)End Term
- Q6MCQ1 Mark·Choose one option
How do online payment companies make money?
- AInterest from loans/credit
- BTransaction fees (a small cut from the transaction)
- CMonthly subscription
- DBoth Interest from loans/credit and transaction fees
- EAds
- Q7MCQ2 Marks·Choose one option
PePhone is a FinTech firm that processes payments. Following are sources of revenue for the company – 3.5% of transaction amount as transaction fee from merchant for all types of transactions (credit and debit), 18% p.a. interest on credit transactions and incurs a loss of credit if not paid back. Calculate the overall profit for the company based on the below table – (Assume payback of credit in a year) Note: Declined transactions will not get credit but customers will complete the payment through PePhone using their bank details.
- A–167.50
- B– 211.0
- C– 197.74
- D– 162.18