Bajaj Finserv Product Manager Interview Questions and Answers

CVV is a security code found on credit and debit cards to help prevent fraud.

• CVV stands for Card Verification Value

• It is a 3 or 4 digit code found on the back of Visa, Mastercard, and Discover cards, and on the front of American Express cards

• CVV is used during online transactions to verify that the person making the purchase has the physical card in their possession

• It is not stored in the magnetic stripe or chip of the card, making it harder for fraudsters to obtain

• CVV provid...read more

A mobile app should be designed with user-centric approach, intuitive UI, and seamless navigation.

• Identify the target audience and their needs

• Create a user flow and wireframes

• Design an intuitive UI with easy navigation

• Ensure the app is responsive and compatible with different devices

• Test the app thoroughly before launch

• Incorporate user feedback for continuous improvement

Scrum planning is a collaborative process where the team defines the work to be done in a sprint.

• Scrum planning involves creating a sprint backlog, which includes user stories and tasks to be completed.

• It also includes estimating the effort required for each task and prioritizing them based on business value.

• During the planning meeting, the team decides how much work they can commit to completing in the upcoming sprint.

• Scrum planning helps ensure that the team is aligned on g...read more

Key metrics in PM include user engagement, retention rate, conversion rate, and customer satisfaction.

• User engagement: Measure how actively users are interacting with the product.

• Retention rate: Track the percentage of users who continue to use the product over time.

• Conversion rate: Monitor the rate at which users complete desired actions or goals.

• Customer satisfaction: Gather feedback and ratings to assess how satisfied customers are with the product.

Designed and launched a mobile app for tracking daily water intake.

• Conducted market research to identify user needs and preferences

• Collaborated with developers to create wireframes and prototypes

• Tested app with beta users and incorporated feedback

• Launched app on both iOS and Android platforms

• Implemented analytics to track user engagement and retention