Python and Analytics 1 & 2 ALA Questions And Answers 2024/2025
Python was specifically designed to rely on which of the following? - ANS-✔✔Python libraries
Modules
Select the true statements about the business uses of Python. - ANS-✔✔Forty percent of recruiters are
actively seeking Python programmers.
A Python library is a collection of related programming modules that include pre-compiled bundles of
code.
Python is used in a variety of business disciplines including data analysis, finance, and accounting.
Similar to how mining recovers small amounts of precious metals from large amounts of ore or earth,
______ is the process of extracting information from large data sets. - ANS-✔✔data mining
A subset of data analysis that covers creating visual representations of data is referred to as data - ANS-
✔✔visualization
Select the true statements about how Python is used in the banking industry. - ANS-✔✔Python is used
by financial institutions to provide online banking and payment processing systems.
There is a Python script that allows for the creation of automatic recurring payment requests via Venmo.
Banks use Python to get financial models out of Microsoft Excel.
,Select the true statements about the Python programming language. - ANS-✔✔Many people consider
Python to be an ideal first programming language to learn.
Python is completely free to use.
Python syntax is considered by many to be relatively simple.
Which Python web frameworks identified in the text assist in the development of scalable and secure
FinTech web applications? - ANS-✔✔Flask
Django
A multi-purpose programming language that relies extensively on libraries and modules, ______ is
suitable for the automation of various tasks and processes. - ANS-✔✔Python
Data manipulation in Python using the wide variety of libraries that are available offer accountants the
ability to automate which of the following tasks? - ANS-✔✔Perform calculations.
Generate reports.
Analyze financial data.
Known as numerical Python, ______ is well-suited for scientific computations and complex array
operations and is widely used in data mining. - ANS-✔✔NumPY
Put the process for web scraping using Python in the correct order. - ANS-✔✔1. Identify the URL to
scrape.
2. Identify the data that needs to be scraped.
, 3. Inspect the page.
4. Locate the data that needs to be extracted.
5. Write/use Python code to extract the data.
6. Run the code and extract the data.
7. Compile structured reports/visualizations of the data.
Which of the following Python libraries are commonly used for data processing and data visualization? -
ANS-✔✔Seaborn
Matplotlib
Which of the following Python libraries are used in marketing analytics and SEO? - ANS-✔✔ExPan
TensorFlow
Python is used in quantitative and qualitative financial processes in which of the following areas? - ANS-
✔✔Analytics
Cryptocurrency
Banking
Short for Financial Technology, FinTech refers to the use of technology and innovative solutions to
automate and increase efficiency in which industries? - ANS-✔✔Insurance
Banking
Python was specifically designed to rely on which of the following? - ANS-✔✔Python libraries
Modules
Select the true statements about the business uses of Python. - ANS-✔✔Forty percent of recruiters are
actively seeking Python programmers.
A Python library is a collection of related programming modules that include pre-compiled bundles of
code.
Python is used in a variety of business disciplines including data analysis, finance, and accounting.
Similar to how mining recovers small amounts of precious metals from large amounts of ore or earth,
______ is the process of extracting information from large data sets. - ANS-✔✔data mining
A subset of data analysis that covers creating visual representations of data is referred to as data - ANS-
✔✔visualization
Select the true statements about how Python is used in the banking industry. - ANS-✔✔Python is used
by financial institutions to provide online banking and payment processing systems.
There is a Python script that allows for the creation of automatic recurring payment requests via Venmo.
Banks use Python to get financial models out of Microsoft Excel.
,Select the true statements about the Python programming language. - ANS-✔✔Many people consider
Python to be an ideal first programming language to learn.
Python is completely free to use.
Python syntax is considered by many to be relatively simple.
Which Python web frameworks identified in the text assist in the development of scalable and secure
FinTech web applications? - ANS-✔✔Flask
Django
A multi-purpose programming language that relies extensively on libraries and modules, ______ is
suitable for the automation of various tasks and processes. - ANS-✔✔Python
Data manipulation in Python using the wide variety of libraries that are available offer accountants the
ability to automate which of the following tasks? - ANS-✔✔Perform calculations.
Generate reports.
Analyze financial data.
Known as numerical Python, ______ is well-suited for scientific computations and complex array
operations and is widely used in data mining. - ANS-✔✔NumPY
Put the process for web scraping using Python in the correct order. - ANS-✔✔1. Identify the URL to
scrape.
2. Identify the data that needs to be scraped.
, 3. Inspect the page.
4. Locate the data that needs to be extracted.
5. Write/use Python code to extract the data.
6. Run the code and extract the data.
7. Compile structured reports/visualizations of the data.
Which of the following Python libraries are commonly used for data processing and data visualization? -
ANS-✔✔Seaborn
Matplotlib
Which of the following Python libraries are used in marketing analytics and SEO? - ANS-✔✔ExPan
TensorFlow
Python is used in quantitative and qualitative financial processes in which of the following areas? - ANS-
✔✔Analytics
Cryptocurrency
Banking
Short for Financial Technology, FinTech refers to the use of technology and innovative solutions to
automate and increase efficiency in which industries? - ANS-✔✔Insurance
Banking
