ARB Trading Group Trade Analyst Interview Questions and Answers

Product knowledge of trade

Q1. What is SWIFT, and how does it function in financial transactions?
Ans. 
SWIFT is a messaging network used by financial institutions to securely and quickly communicate information for international transactions.
• SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

• It provides a secure messaging platform for financial institutions to communicate information such as payment instructions, confirmations, and statements.

• SWIFT codes are unique identifiers assigned to each ...read more
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Q2. What are the different MT codes used in the SWIFT messaging system?
Ans. 
MT codes are used in the SWIFT messaging system to categorize different types of messages.
• MT 700 - Issue of a Documentary Credit

• MT 710 - Advice of a Documentary Credit

• MT 740 - Authorisation to Reimburse

• MT 799 - Free Format Message
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Q1. What do you understand by trade?
Ans. 
Trade refers to the buying and selling of goods and services between businesses or individuals.
• Trade involves the exchange of goods and services for money or other goods/services.

• It can take place locally, nationally, or internationally.

• Trade can be conducted through various channels such as wholesalers, retailers, distributors, and online platforms.

• It plays a crucial role in the economy by facilitating the flow of goo...read more
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Q2. What you know about Bank Guarantee?
Ans. 
Bank Guarantee is a promise from a bank to cover a recipient's debt or contractual obligations in case of default.
• Bank Guarantee is a type of financial instrument used in trade and commerce.

• It provides security to the beneficiary in case the applicant fails to fulfill their obligations.

• There are different types of Bank Guarantees such as Performance Guarantee, Bid Bond, Advance Payment Guarantee, etc.

• Bank Guarantees ar...read more
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Q3. What you know about LRS?
Ans. 
LRS stands for Learning Record Store, a database that stores learning data from various sources.
• LRS is used in the field of e-learning to track and store data on learner activities and progress.

• It can store data from multiple learning platforms and tools, providing a comprehensive view of a learner's journey.

• LRS can track various types of learning data, such as completion of courses, quiz scores, and time spent on acti...read more
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Q4. Do you have car? Can you travel to your set of branches?
Ans. 
Yes, I have a car and I am willing to travel to my set of branches.
• Yes, I have a car and can travel to branches for meetings and sales visits.

• I am comfortable with driving long distances if required.

• Having a car allows me to be flexible with my schedule and reach branches efficiently.
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Q1. Tell me yourself
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General aptitude at a manageable difficulty level

Q1. Things about EXIM, Foreign exchange and risks associated with it
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Normal case studies on office environment

Q1. Basic introduction about ourself
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Q2. Question related to product and banking
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Q1. Introduction and background
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Q1. Technical questions
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