Bajaj Finserv Collections Manager Interview Questions, Process, and Tips

Collection is the process of gathering and organizing items or information.

• Collections can include physical objects such as artwork, books, or artifacts.

• Collections can also refer to data or information, such as a collection of customer records or research data.

• Collections can be organized in various ways, such as by theme, date, or location.

• Collections can be managed by professionals such as collections managers or cu...read more

There are several types of collections, including personal, institutional, and public collections.

• Personal collections are owned by individuals and can include items such as stamps, coins, or artwork.

• Institutional collections are owned by organizations such as museums or libraries and can include artifacts, books, or documents.

• Public collections are owned by governments and can include national parks, monuments, or his...read more

DRA/DRR stands for Disaster Recovery Assessment/Disaster Recovery Readiness.

• DRA/DRR is a process of evaluating an organization's ability to recover from a disaster.

• It involves assessing the risks and potential impact of disasters on the organization.

• It also involves developing and testing a disaster recovery plan to ensure readiness.

• Examples of disasters include natural disasters, cyber attacks, and power outages.

• DRA/D...read more

Secured debt is backed by collateral while unsecured debt is not.

• Secured debt is less risky for lenders as they have collateral to fall back on if the borrower defaults.

• Examples of secured debt include mortgages and car loans.

• Examples of unsecured debt include credit card debt and personal loans.

• Unsecured debt typically has higher interest rates as it is riskier for lenders.