Innovsource Services Interview Questions and Answers

Types of cards include credit, debit, prepaid, and charge cards, each serving different financial needs and purposes.

• Credit cards allow borrowing up to a limit; e.g., Visa, MasterCard.

• Debit cards withdraw directly from a bank account; e.g., ATM cards.

• Prepaid cards are loaded with funds in advance; e.g., gift cards.

• Charge cards require full payment each month; e.g., American Express.

SBI Card is a credit card offered by State Bank of India, providing various benefits and rewards to cardholders.

• Issued by State Bank of India, one of India's largest banks.

• Offers various types of credit cards like SBI Card Elite, SBI Card Prime, etc.

• Provides rewards points on purchases, which can be redeemed for gifts or discounts.

• Includes features like cashback offers, fuel surcharge waivers, and travel benefits.

• ...read more

Saley cut hoti hai due to various factors like market demand, competition, and company performance affecting pricing strategies.

• Market Demand: When demand decreases, companies may lower prices to attract customers.

• Competition: If competitors reduce their prices, a company may follow suit to remain competitive.

• Company Performance: Poor sales performance can lead to price cuts to stimulate interest.

• Economic Conditio...read more

A salary package includes base salary, bonuses, benefits, and other perks that contribute to overall compensation.

• Base Salary: The fixed annual amount paid to the employee, e.g., $100,000.

• Bonuses: Performance-based incentives, such as a 10% annual bonus for meeting targets.

• Benefits: Health insurance, retirement plans, and paid time off, e.g., 401(k) matching.

• Stock Options: Opportunities to purchase company stock a...read more

I am drawn to this role for its blend of relationship building, customer service, and the opportunity to contribute to client satisfaction.

• I enjoy helping people, and this role allows me to build meaningful relationships with clients.

• My previous experience in customer service has equipped me with strong communication skills, essential for a Relationship Executive.

• I am motivated by the challenge of understanding cl...read more

Telecom refers to the technology and services related to communication over long distances using various mediums such as telephones, internet, and wireless networks.

• Telecom involves the transmission of voice, data, and video over long distances.

• It includes services such as telephone, internet, and television broadcasting.

• Telecom companies build and maintain infrastructure like cell towers, fiber optic cables, and ...read more

Credit cards offer convenience, rewards, security, and the ability to build credit.

• Convenience of making purchases without carrying cash

• Rewards programs such as cash back, travel points, or discounts

• Security features like fraud protection and purchase protection

• Opportunity to build credit history and improve credit score

• Access to emergency funds in case of unexpected expenses

Bank of Chanal is a financial institution known for its customer-centric approach and innovative banking solutions.

• Bank of Chanal offers a wide range of banking products and services to meet the needs of individual and corporate clients.

• The bank is known for its excellent customer service and personalized approach to banking.

• Bank of Chanal has a strong online banking platform that allows customers to easily manage...read more