iB Hubs Business Consultant Interview Questions and Answers

Aptitude and combined coding tests

Q1. Design a parking app or design a web or mobile app where farmers can directly sell their produce
Ans. 
Design a web/mobile app for farmers to directly sell their produce.
• Create a user-friendly interface for farmers to list their produce

• Include features for farmers to set prices and quantities

• Implement a search function for buyers to find specific produce

• Include a secure payment system for transactions

• Allow farmers to track their sales and manage inventory
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Q1. You have to explain the design of your previous round
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Q1. What do understand by E-commerce and how is different from m-commerce?
Ans. 
E-commerce refers to buying and selling goods and services over the internet, while m-commerce involves transactions conducted through mobile devices.
• E-commerce involves online transactions through websites or online platforms.

• M-commerce refers to transactions conducted through mobile devices like smartphones or tablets.

• E-commerce can include online shopping, online banking, online ticket booking, etc.

• M-commerce can in...read more
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Q2. What do you understand by cloud storage? Give a few examples of cloudstorage services?
Ans. 
Cloud storage is a service where data is remotely maintained, managed, and backed up. Examples include Google Drive, Dropbox, and iCloud.
• Cloud storage is a service where data is stored on remote servers accessed over the internet.

• It allows users to store and access data from any device with an internet connection.

• Examples of cloud storage services include Google Drive, Dropbox, iCloud, OneDrive, and Amazon S3.
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Q3. What New features would you like to recommend ola/uber to introduce?
Ans. 
I would recommend Ola/Uber to introduce a carpooling feature to promote sustainability and reduce traffic congestion.
• Introduce a carpooling option in the app to allow users to share rides with others going in the same direction

• Implement a rating system for carpooling to ensure safety and reliability

• Offer discounts or incentives for users who choose the carpooling option

• Partner with companies or organizations to promote...read more
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Q4. Write an essay a) Digitisation and it's impact on economy. b) Topic of your choice
Ans. 
Digitisation has revolutionized the economy by increasing efficiency, accessibility, and connectivity.
• Digitisation has led to increased efficiency in business operations through automation and streamlining of processes.

• It has improved accessibility to goods and services through online platforms, reaching a wider customer base.

• Digitisation has enhanced connectivity among businesses, customers, and stakeholders, facilita...read more
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Aptitude qsn with psuedocode

Q1. About analyst role
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Q1. Basic salary discussion
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Q1. What is BRD,RACI MATRIX, FRD, SDLC,AGILE
Ans. 
BRD, RACI MATRIX, FRD, SDLC, and AGILE are common terms used in business analysis and project management.
• BRD stands for Business Requirements Document, which outlines the business solution for a project.

• RACI MATRIX is a tool used to define roles and responsibilities for project tasks.

• FRD stands for Functional Requirements Document, which details the functional specifications of a project.

• SDLC stands for Software Develo...read more
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Q2. SPRINTS, KANBAN,SCRUM,PHASES OF SDLC.
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Q1. Life cycle of software development
Ans. 
Software development life cycle refers to the process of planning, creating, testing, and deploying software.
• Requirements gathering and analysis

• Design

• Implementation

• Testing

• Deployment

• Maintenance

• Examples: Waterfall model, Agile methodology
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Q2. Why finance sector
Ans. 
I am drawn to the finance sector due to its dynamic nature, opportunities for growth, and impact on global economy.
• Fascinated by the ever-changing market trends and economic dynamics

• Passionate about analyzing financial data and making strategic recommendations

• Excited about contributing to the growth and stability of businesses through financial insights
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Q1. Your best internship till date
Ans. 
My best internship was at a tech startup where I worked on developing a new mobile app.
• Collaborated with a team of developers to design and implement new features

• Analyzed user feedback to make improvements to the app

• Participated in meetings with clients to gather requirements and provide updates

• Gained hands-on experience with agile development methodologies
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All the basics like time and work, ratios, probability, and logical questions.

How social media makes us less social and we dont have to know more about this it so basic