KredX Business Development Manager Interview Questions and Answers

Q1. About experience and work profile
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Q1. About salary, position and working location
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Q1. What is the difference between secured and unscured loan
Ans. 
Secured loans are backed by collateral, while unsecured loans are not.
• Secured loans require collateral to secure the loan, such as a house or car

• Unsecured loans do not require collateral and are based on the borrower's creditworthiness

• Secured loans typically have lower interest rates due to the lower risk for the lender

• Examples of secured loans include mortgages and auto loans, while credit cards and personal loans are
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Q2. How many types of loans are there.
Ans. 
There are several types of loans including personal loans, home loans, auto loans, student loans, and business loans.
• Personal loans

• Home loans

• Auto loans

• Student loans

• Business loans
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Q1. What are the basic documents required to process a Business loan.
Ans. 
Basic documents for a business loan include financial statements, business plan, credit history, and personal identification.
• Financial statements (income statement, balance sheet, cash flow statement)

• Business plan outlining the purpose of the loan and how it will be used

• Credit history of the business and its owners

• Personal identification documents (such as driver's license or passport)

• Collateral documents (if applicabl
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Q2. What is 15% of 2 lakhs.
Ans. 
15% of 2 lakhs is 30,000.
• Calculate 15% of 2 lakhs by multiplying 2,00,000 by 0.15

• 15% of 2 lakhs = 2,00,000 * 0.15 = 30,000
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Q1. What is your experience..?
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Q2. Please explain about you
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Q1. What is your experience
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Q2. What is your CTC
Ans. 
My current CTC is $120,000 per year.
• My current CTC is $120,000 per year

• I am open to discussing salary expectations during the interview process

• I have experience negotiating compensation packages based on performance and market trends
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Q1. Business Knowledge and Self Introduction
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Topics were abstract.

Q1. Basic introduction about yourself.
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Q1. Domain knowledge and internships experience of any.
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Q2. How loan process works and what all Documents required?
Ans. 
The loan process involves submitting an application, providing necessary documents, undergoing credit checks, and receiving approval or denial.
• Submit loan application with personal and financial information

• Provide documents such as ID, proof of income, bank statements, and credit history

• Undergo credit checks to assess creditworthiness

• Receive approval or denial based on the lender's evaluation
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Q1. How many dsa you will onboard in a month
Ans. 
I aim to onboard at least 10 DSAs per month to ensure steady growth and expansion.
• Setting clear targets and goals for onboarding DSAs

• Implementing effective recruitment strategies to attract qualified candidates

• Providing training and support to new DSAs to ensure successful onboarding

• Regularly monitoring and evaluating the onboarding process to make necessary adjustments

• Building strong relationships with DSAs to encoura
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Q1. Tell me about yourself.
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Q1. What is Vector? How it is different from arrays?
Ans. 
Vector is a dynamic array that can resize itself. It differs from arrays in its ability to change size during runtime.
• Vectors are implemented as dynamic arrays, whereas arrays are static.

• Vectors can resize themselves during runtime, whereas arrays have a fixed size.

• Vectors can be used to store objects of any type, whereas arrays can only store objects of a specific type.

• Vectors have built-in functions for easy manipula
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Q2. What is an abstract class?
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An abstract class is a class that cannot be instantiated and is used as a base class for other classes.
• An abstract class can have abstract and non-abstract methods.

• Abstract methods are declared but not implemented in the abstract class.

• A non-abstract class that inherits from an abstract class must implement all abstract methods.

• An abstract class can have constructors and fields like a regular class.

• An abstract class ca...read more
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