IDFC FIRST Bank Fraud Analyst Interview Questions and Answers

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Q1. What is the dif between talent and experience
Ans. 
Talent is innate ability or aptitude, while experience is knowledge and skills gained through practice and exposure.
• Talent refers to natural abilities or aptitudes that individuals possess.

• Experience is the knowledge and skills gained through practice, exposure, and learning from past situations.

• Talent is something you are born with, while experience is acquired over time.

• Talent can provide a foundation for success, bu...read more
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Q2. Why u want to work?? Answer: if any1 ask who s Whose ths person by aksing our name mns we need 1 dignity r designation.. the name is my parebts kept the designation i owned..
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Q1. How debit and credit process works in a bank?
Ans. 
Debit and credit processes involve recording financial transactions in a bank account.
• Debit transactions decrease the account balance, while credit transactions increase it.

• Debit cards are used to make payments directly from the account balance.

• Credit cards allow users to borrow money up to a certain limit.

• Debits and credits are recorded in the bank's ledger to track account activity.

• Bank statements show a summary of d...read more
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Q2. Explain final year project
Ans. 
Developed a fraud detection system using machine learning algorithms
• Used Python for data preprocessing and model building

• Implemented logistic regression and random forest algorithms

• Evaluated model performance using precision, recall, and F1 score

• Tested the system on real-world financial data to identify fraudulent transactions
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Q3. Self introduction
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Q4. Why you choose banking sector?
Ans. 
I chose the banking sector due to its dynamic nature, opportunities for growth, and the chance to work with cutting-edge technology.
• Opportunities for career growth and advancement

• Dynamic nature of the industry

• Chance to work with cutting-edge technology
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Q1. LANGUAGES KNOWN?
Ans. 
English, Spanish, French
• English - Fluent in reading, writing, and speaking

• Spanish - Conversational level

• French - Basic understanding
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Q2. Basic Communication questions
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Q1. Banking terms and definitions
Ans. 
Banking terms and definitions
• Interest rate: The amount charged by a lender to a borrower for the use of assets.

• Credit score: A numerical representation of a person's creditworthiness.

• Collateral: Assets pledged by a borrower to secure a loan.

• Overdraft: A deficit in a bank account caused by drawing more money than is available.

• APR (Annual Percentage Rate): The annual rate charged for borrowing or earned through an invest
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Q2. ABOUT PREV EMPLOYMENT
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