Bank of America Production Support Lead Interview Questions and Answers

Q1. Be clear with your basics
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Q1. Maven basics, Design Patterns
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Q1. Option pricing model- BSM assumptions and explanation
Ans. 
Black-Scholes-Merton (BSM) model is a mathematical model used for pricing options.
• BSM model assumes constant risk-free rate, constant volatility, and lognormal distribution of stock prices.

• It assumes no dividends are paid during the option's life.

• The model assumes the option can only be exercised at expiration.

• The underlying stock follows a geometric Brownian motion.

• The model is used to calculate the theoretical price ...read more
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Q2. Explain options and it’s pricing
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Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a specific time period.
• Options can be call options or put options

• Call options give the holder the right to buy the underlying asset at a specified price within a specific time period

• Put options give the holder the right to sell the underlying asset at a specified price...read more
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Q1. Why is ATM option delta 0.5
Ans. 
ATM option delta is 0.5 because it represents a 50% chance of the option expiring in-the-money.
• ATM option delta is 0.5 because it is at-the-money, meaning the option strike price is equal to the current underlying asset price.

• Delta measures the sensitivity of an option's price to changes in the underlying asset price.

• A delta of 0.5 indicates a 50% probability of the option expiring in-the-money.

• ATM options have the hig...read more
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Q2. Current affairs on interest rate
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Q1. Implement heap? Question related to Priority Queue
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Financial Case Study

Q1. Behavioural Skills
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Q1. Why do you are looking for Job change?
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Q2. What are your expectations
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Hacker Rank coding test - Palindrome number

Q1. Java 8 questions and Generics in Java
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Q2. Collections in java
Ans. 
Collections in Java are used to store and manipulate groups of objects.
• Collections framework provides interfaces (List, Set, Map) and classes (ArrayList, HashSet, HashMap) for storing and manipulating data

• Collections offer methods for adding, removing, and accessing elements in a collection

• Collections can be sorted, filtered, and iterated over using various methods
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Duration 1 hour
Medium level questions

Q1. Architecture and system related questions
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Q2. Write classes and methods for bookmyshow
Ans. 
Classes and methods for bookmyshow to manage booking and ticketing system.
• Create a class for Ticket with attributes like ticket ID, showtime, seat number, etc.

• Create a class for Show with attributes like movie name, theater, showtime, etc.

• Create a class for Booking with attributes like booking ID, tickets booked, total price, etc.

• Methods like bookTicket() to book a ticket, cancelTicket() to cancel a ticket, getAvailabl
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Had codility assesment which included array and stack questions