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LIC Mutual Fund Business Operations Associate Interview Questions and Answers

Updated 12 Jul 2021

LIC Mutual Fund Business Operations Associate Interview Experiences

1 interview found

I applied via LinkedIn and was interviewed in Jun 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. What is your favourite company

Interview Preparation Tips

Interview preparation tips for other job seekers - Just attend boldly

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Jul 2024.

Round 1 - One-on-one 

(2 Questions)

  • Q1. What are the effective strategies for selling insurance?
  • Ans. 

    Effective strategies for selling insurance include building relationships, understanding customer needs, offering personalized solutions, and providing excellent customer service.

    • Build strong relationships with clients to gain trust and loyalty.

    • Understand the specific needs and concerns of each customer to tailor insurance solutions accordingly.

    • Offer personalized insurance packages that meet the individual requirements...

  • Answered by AI
  • Q2. What is your approach to recruiting a team?
  • Ans. 

    I believe in a thorough recruitment process that focuses on finding the right fit for the team.

    • Start by clearly defining the roles and responsibilities of each team member.

    • Utilize a variety of recruitment methods such as job postings, networking, and referrals.

    • Conduct thorough interviews to assess candidates' skills, experience, and cultural fit.

    • Consider conducting team interviews to evaluate how candidates interact wi...

  • Answered by AI
Round 2 - One-on-one 

(2 Questions)

  • Q1. Why should I hire you?
  • Q2. What is the volume of business you have conducted in the past six months?
  • Ans. 

    I have conducted approximately $500,000 in business in the past six months.

    • Approximately $500,000 in business conducted

    • Consistent growth in sales volume

    • Successfully closed deals with multiple clients

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Very good company and friendly environment.
Interview experience
1
Bad
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Not Selected

I was interviewed in Aug 2024.

Round 1 - Technical 

(3 Questions)

  • Q1. Joins and stored procedures in SQL.
  • Q2. Types of graphs and visuals
  • Q3. Situation based questions, case study.

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare well on SQL queries.
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. SQL joins and cte
  • Q2. Jira software operation
  • Ans. 

    Jira software is a project management tool used for tracking issues and managing tasks.

    • Jira allows users to create and track issues, assign tasks, and prioritize work.

    • Users can customize workflows, create dashboards, and generate reports.

    • Integration with other tools like Confluence and Bitbucket is possible.

    • Example: Creating a new issue, assigning it to a team member, and tracking its progress.

  • Answered by AI
Round 2 - HR 

(2 Questions)

  • Q1. How many years exp
  • Q2. What domain have you worked? Did you work in finance project?
Round 3 - One-on-one 

(2 Questions)

  • Q1. Normal work did in past
  • Ans. 

    Performed data analysis, requirement gathering, process improvement, and documentation in past roles.

    • Conducted data analysis to identify trends and insights

    • Gathered requirements from stakeholders to understand business needs

    • Improved processes by identifying inefficiencies and proposing solutions

    • Documented findings, requirements, and processes for reference

  • Answered by AI
  • Q2. And what are my aspirations

Interview Preparation Tips

Interview preparation tips for other job seekers - Financial experience needed, and also they said that the role willl be more inclined towards operations .So if you are strongly from technical background it will be a bit difficult
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.

Round 1 - HR 

(4 Questions)

  • Q1. Whats is crm and how its work?
  • Q2. What is the best attractive skill you have for this job?
  • Q3. Being a business support excecutive what is important?
  • Ans. 

    Understanding the needs of the business, providing effective support, and contributing to its growth are important as a business support executive.

    • Understanding the goals and objectives of the business

    • Providing timely and efficient support to various departments

    • Building strong relationships with clients and stakeholders

    • Identifying opportunities for growth and development

    • Adapting to changes in the business environment

    • Ef

  • Answered by AI
  • Q4. Client is the major part of business if you say yes/ no justify

Interview Preparation Tips

Interview preparation tips for other job seekers - In my hard time got this job and this is my first job am not the adviser for my kind opinion give respect to job for getting salary.
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(1 Question)

  • Q1. About Jira and Agile methodologies
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(1 Question)

  • Q1. OOPS related questions
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Mar 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Interactive round 

(5 Questions)

  • Q1. What is mutual funds and what is financial market.
  • Ans. 

    Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Financial market refers to a marketplace where buyers and sellers trade financial assets such as stocks, bonds, currencies, and commodities.

    • Mutual funds are managed by professional fund managers who invest the pooled money in a diversified portfolio of securities.

    • Inves...

  • Answered by AI
  • Q2. Mostly about the company information
  • Q3. Describe Color black
  • Ans. 

    Black is a color that is often associated with darkness, mystery, and sophistication.

    • Black is the absence of all colors in the visible spectrum.

    • It is often used in fashion to create a sleek and sophisticated look.

    • In art, black is used to create contrast and depth.

    • Black is also associated with mourning and is often worn at funerals.

    • In nature, black can be found in the feathers of crows and ravens, as well as in the fur

  • Answered by AI
  • Q4. Describe your favourite animal
  • Ans. 

    My favorite animal is the majestic lion, known for its strength and leadership.

    • Lions are the kings of the animal kingdom, symbolizing power and courage.

    • They have a distinctive golden mane that adds to their regal appearance.

    • Lions live in prides, consisting of a dominant male, several females, and their cubs.

    • They are skilled hunters and can take down large prey like wildebeests and zebras.

    • Lions have a roar that can be h...

  • Answered by AI
  • Q5. Sell me a pen when I already have one
  • Ans. 

    This pen is not just any pen, it's a tool that can enhance your writing experience and make you stand out.

    • This pen has a unique ink formula that is smudge-proof and long-lasting.

    • It has a comfortable grip that reduces hand fatigue and allows for better control.

    • The pen's sleek design and professional look will make you stand out in any meeting or presentation.

    • This pen is also refillable, making it a more sustainable and

  • Answered by AI
Round 3 - HR 

(1 Question)

  • Q1. I was selected for the second round but didn’t appear for it

Interview Preparation Tips

Interview preparation tips for other job seekers - Just stay confident and be ready to move pan India and work on the field as this is a sales job be ready for any possible relocation they as you for
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Mar 2023. There were 3 interview rounds.

Round 1 - Technical 

(1 Question)

  • Q1. Past experience queries and some tech questions related to past projects
Round 2 - Technical 

(1 Question)

  • Q1. Some mainframe, CIBIL and db2 questions
Round 3 - HR 

(1 Question)

  • Q1. General questions
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Sep 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Aptitude Test 

Tell me about your self

Round 3 - HR 

(4 Questions)

  • Q1. Why you want this company..
  • Q2. I want show better opportunity...
  • Q3. What is your goals??
  • Q4. Why will I hire you??
Round 4 - Assignment 

Question and ans in from of HR

Interview Preparation Tips

Interview preparation tips for other job seekers - All is good

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