IDFC FIRST Bank Assistant Acquisition Manager Interview Questions and Answers

Marketing is the process of creating awareness and interest in a product or service, while sales is the act of closing a deal and exchanging the product or service for money.

• Marketing focuses on creating demand for a product or service, while sales focuses on fulfilling that demand.

• Marketing involves research, advertising, and promotion, while sales involves negotiation and closing deals.

• Marketing is a long-term strate...read more

Tips for achieving monthly targets and handling pressure as an Assistant Acquisition Manager

• Set realistic goals and break them down into smaller tasks

• Prioritize tasks based on their importance and urgency

• Stay organized and manage time effectively

• Stay motivated and focused on the end goal

• Communicate effectively with team members and superiors

• Take breaks and practice self-care to avoid burnout

• Understand the different typ...read more

A bank is a financial institution that accepts deposits from the public and creates credit.

• Banks provide various financial services such as loans, credit cards, and savings accounts.

• They also facilitate transactions between individuals and businesses.

• Banks make money by charging interest on loans and by investing the deposits they receive.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

Savings account is for saving money and earning interest, while current account is for frequent transactions and has no interest.

• Savings account is meant for saving money and earning interest on the balance.

• Current account is meant for frequent transactions and has no interest on the balance.

• Savings account usually has a limit on the number of transactions per month.

• Current account usually has a higher minimum balance ...read more

NAV stands for Net Asset Value. It is the value of a mutual fund's assets minus its liabilities.

• NAV is used to determine the price of a mutual fund.

• It is calculated by dividing the total value of the fund's assets by the number of outstanding shares.

• NAV changes daily as the value of the fund's assets and liabilities change.

• Investors can buy and sell mutual fund shares at the NAV price.

• For example, if a mutual fund has ...read more