ITC Infotech Business Analyst Interview Questions and Answers

Q1. Do you know about is MVP and give some example?
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Q2. When we can say story is good user story?
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Q1. What are the steps you follow as part of BRD documentation?
Ans. 
Steps followed in BRD documentation include gathering requirements, analyzing data, documenting specifications, and obtaining approval.
• Gather requirements from stakeholders

• Analyze data to understand current processes and identify gaps

• Document specifications including functional and non-functional requirements

• Obtain approval from stakeholders before moving to the next phase
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Q2. What is your view on the industry with the advent of Gen AI and Blockchain?
Ans. 
Gen AI and Blockchain are revolutionizing the industry by enhancing automation, security, and transparency.
• Gen AI is transforming data analysis and decision-making processes through advanced algorithms and machine learning.

• Blockchain technology is revolutionizing data security and transparency by creating decentralized and immutable ledgers.

• The combination of Gen AI and Blockchain is leading to more efficient and secur...read more
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Q3. What is the one thing that you would want to change in your Carrer experience?
Ans. 
I would want to change my lack of experience in data visualization tools.
• I would like to gain more experience in using tools like Tableau or Power BI for data visualization.

• Improving my skills in creating visually appealing and informative dashboards.

• Attending training or workshops to enhance my knowledge in data visualization.

• Seeking mentorship from experts in data visualization.

• Applying for projects that require data...read more
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Q4. How to you manage stakeholders?
Ans. 
I manage stakeholders by establishing clear communication channels, understanding their needs and expectations, and building strong relationships.
• Identify key stakeholders and their interests

• Communicate regularly and effectively with stakeholders

• Manage expectations and address concerns promptly

• Build trust and rapport with stakeholders through active listening and empathy

• Involve stakeholders in decision-making processes
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Q5. Is there always a right time for any escalation?
Ans. 
Escalation should be done when necessary, not necessarily at a 'right time'.
• Escalation should be based on the severity of the issue and the impact on the project or organization.

• Consider the potential risks and benefits of escalating a situation before making a decision.

• Sometimes escalating early can prevent a minor issue from becoming a major problem.

• On the other hand, escalating too soon can create unnecessary tensio...read more
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Q1. Do you have any experience in writing user stories for system API definitions?
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Q2. What would your test scenario be for verifying the success of data migration?
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Q1. Use cases - Precondition and postcondition
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Q2. Jira tool and explain
Ans. 
Jira is a project management tool used for tracking and managing tasks, issues, and workflows.
• Jira is commonly used in software development teams to track bugs, tasks, and user stories.

• It allows for creating and assigning tasks, setting priorities, and tracking progress.

• Jira integrates with other tools like Confluence and Bitbucket for seamless project management.

• Users can create custom workflows, dashboards, and repor
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Q1. Agile related question
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Q2. Pega realted questions
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Basis English, math, reasoning test plz prepare properly.

Q1. What do you mean by trade life cycle
Ans. 
Trade life cycle refers to the stages involved in a trade from initiation to settlement.
• Trade initiation

• Order execution

• Trade confirmation

• Clearing and settlement

• Trade reconciliation

• Post-trade activities

• Examples: equity trade, bond trade, foreign exchange trade
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Q2. What do you mean by derivatives
Ans. 
Derivatives are financial contracts whose value is derived from an underlying asset or security.
• Derivatives can be used for hedging or speculation.

• Examples include futures, options, swaps, and forwards.

• Derivatives can be traded on exchanges or over-the-counter.

• Derivatives can be complex and carry significant risk.

• Derivatives played a role in the 2008 financial crisis.
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Q3. What are the types of derivatives?
Ans. 
Derivatives are financial contracts that derive their value from an underlying asset or benchmark.
• Futures

• Options

• Swaps

• Forwards

• Credit derivatives
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Q4. What is the meaning of settlement?
Ans. 
Settlement refers to the process of finalizing a transaction or resolving a dispute.
• Settlement can involve the exchange of money, goods, or services.

• It can also refer to the resolution of legal disputes or the finalization of a divorce.

• Examples of settlement include the payment of a settlement amount in a lawsuit or the transfer of ownership in a real estate transaction.
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Q5. What is trade discrepancy?
Ans. 
Trade discrepancy refers to a difference between the trade details recorded by two parties involved in a transaction.
• It can occur due to errors in trade details, such as quantity, price, or date.

• It can also occur due to differences in the trade settlement process.

• Trade discrepancies can lead to disputes between the parties involved.

• Examples include mismatched trade confirmations, incorrect trade details in settlement i...read more
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Q1. Experience and general questions
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Aptitude and data interpretation questions, 1 hr test

Q1. Guestimates, Case study, excel, and python knowledge check
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