BAANS Consulting Services Interview Questions and Answers

Q1. What are the aml and kyc requirements?
Ans. 
AML and KYC requirements are regulations that financial institutions must follow to prevent money laundering and verify the identity of their customers.
• AML (Anti-Money Laundering) requirements involve monitoring transactions, reporting suspicious activities, and conducting customer due diligence.

• KYC (Know Your Customer) requirements involve verifying the identity of customers, assessing their risk level, and maintainin...read more
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Q2. Why should we hire you, briefly describe a scenario where you would showcase a different skill or talent compared with your fellow employees?
Ans. 
I have a strong attention to detail and analytical skills that set me apart from my colleagues.
• I have a proven track record of accurately identifying and resolving discrepancies in KYC documentation.

• I excel at conducting thorough research and analysis to ensure compliance with regulations.

• My ability to effectively communicate complex information to stakeholders sets me apart in team collaborations.
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Q3. Strength and weakness?
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Strength: attention to detail, Weakness: perfectionism
• Strength: Ability to meticulously review documents and identify discrepancies

• Strength: Strong analytical skills to detect potential risks or fraudulent activities

• Weakness: Striving for perfection may lead to spending too much time on a task

• Weakness: Difficulty in delegating tasks due to desire for everything to be done perfectly
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Q4. Project and achievements?
Ans. 
Implemented a new KYC process resulting in 30% reduction in onboarding time and 20% decrease in errors.
• Led a team to revamp KYC procedures and systems

• Introduced automation tools to streamline verification process

• Trained staff on updated KYC regulations and best practices
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Q5. Are you a team player? What do you do when you don’t get along with certain colleagues? How do you manage conflict resolution?
Ans. 
Yes, I am a team player. I believe in open communication and collaboration. When conflicts arise, I address them directly and seek resolution.
• I believe in open communication and collaboration within the team.

• I address conflicts directly and seek resolution through constructive conversations.

• I focus on finding common ground and working towards a solution that benefits the team as a whole.
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Q6. Provide a situation where you might have failed previously? What has that experience taught you?
Ans. 
I failed to meet a deadline due to poor time management.
• Underestimated the time needed for a project

• Did not prioritize tasks effectively

• Learned to create a detailed schedule and set realistic deadlines
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General English grammar knowledge and some calculations

Q1. CTC and expected salary details?
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Q2. No you cannot negotiate and end up taking what they give you!
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Q3. No relocation time, do it during weekends
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Q4. No target compensation or other benefits
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Q5. If ur employed through agency or consultancy you will be always a contingent and treated less than permanent employees
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Q6. 12 hours a day, 6 days a week, no social or life balance
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I have given 4 rounds of WNS and was selected. They congratulated me for being selected and then asked me the documents. But later HR and Interviewer both stopped picking my call and then told me after 15-20 days we are putting you on hold and not proceeding with your application

Q1. Why you are taking less salary
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Q1. Why are you leaving your current job
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Q2. NA
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Q1. Why are you not satisfied by your current job
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Q1. Walk me through your resume. About insurance process what is policy life cycle.
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Q2. Tell me about your previous role.
Ans. 
I was responsible for analyzing and improving processes to increase efficiency and productivity.
• Led process improvement initiatives to streamline operations

• Identified bottlenecks and implemented solutions to optimize workflows

• Collaborated with cross-functional teams to gather data and feedback

• Utilized data analysis tools to track performance metrics

• Developed and implemented process documentation and training materials
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Yet to complete the test

Q1. Asked about Gallagher.
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Q2. What do you know about Gallagher.
Ans. 
Gallagher is a global insurance brokerage, risk management, and consulting firm.
• Founded in 1927 by Arthur J. Gallagher

• Headquartered in Rolling Meadows, Illinois

• Provides insurance, risk management, and consulting services globally

• Offers services in areas such as commercial insurance, employee benefits, and personal insurance

• Has a strong focus on client relationships and personalized service
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Q1. Situation based questions were asked.
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Q2. How would you built the trust with the stakeholders
Ans. 
Building trust with stakeholders involves open communication, transparency, and delivering on commitments.
• Establish open lines of communication with stakeholders to address concerns and provide updates

• Be transparent about project progress, challenges, and decisions

• Deliver on commitments and follow through on promises to build credibility

• Seek feedback from stakeholders and incorporate their input into decision-making pr...read more
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Q1. Bid process Bid calculation bid submission
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Q2. RFP process flow . Project management goverment project handling process
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Q3. Financial bid submission and PPT preparation knowledge
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Q1. Bid submission and RFP submition financial bid proposal
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Q2. Bid submission and RFP submission financial bid proposal PPT
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RFP Preparation bid submission financial

1 good coding question and 33 mcqs

Q1. Easy questions are asked
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Q2. Like create a database of the collages composes of students and professors
Ans. 
Create a database to store information about colleges, students, and professors.
• Create tables for colleges, students, and professors

• Include columns for relevant information such as name, ID, courses, etc.

• Establish relationships between the tables using foreign keys

• Use SQL queries to insert, update, and retrieve data

• Consider normalization to avoid data redundancy
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Q1. Some hr questions
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Q2. Project discussions
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Q1. Hr questions about family
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Q1. How does Django apply migrations to the database?
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Q2. What is hoisting in javascript?
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Create a full stack application in 3 days.

Q1. In Angular input and output parameters.
Ans. 
In Angular, input parameters are used to pass data into a component, while output parameters are used to emit events from a component.
• Input parameters are defined using the @Input decorator in Angular.

• Output parameters are defined using the @Output decorator in Angular.

• Input parameters allow parent components to pass data into child components.

• Output parameters allow child components to emit events to parent components...read more
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Q2. Write inner join query using two table
Ans. 
Inner join query is used to retrieve records that have matching values in both tables.
• Use SELECT statement to specify the columns you want to retrieve

• Use INNER JOIN keyword to combine the tables based on a related column

• Specify the ON clause to define the relationship between the tables
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Q1. Fibonacci series code
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Q2. Sql query related question
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Q1. Package discussion expectation and they offer
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Q2. Joining date, and the policies of company
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