LTIMindtree Lead Business Analyst Interview Questions and Answers

Q1. Scenario based questions
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Q1. Client interview
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Q1. Salary Negotiation
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Q1. Insurance life cycle
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Q2. What is loss ratio and what is the formula
Ans. 
Loss ratio is a key performance indicator used in insurance to measure the profitability of underwriting. The formula is (Incurred Losses + Loss Adjustment Expenses) / Earned Premiums.
• Loss ratio is a ratio used in insurance to assess the profitability of underwriting.

• The formula for loss ratio is (Incurred Losses + Loss Adjustment Expenses) / Earned Premiums.

• A lower loss ratio indicates better underwriting performance,...read more
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Q1. Tell me about your self
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Q2. What is the difference between qs and surplus
Ans. 
QS is the quantity supplied in the market while surplus is the excess of quantity supplied over quantity demanded.
• QS refers to the amount of a good or service that producers are willing to sell at a given price

• Surplus occurs when the quantity supplied exceeds the quantity demanded at a given price

• Surplus can lead to lower prices as producers try to sell off excess inventory

• QS is a key factor in determining market equil
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Q1. Tell me about yourself, explain your project journey, how many projects you have led what was your previous experience what is scrum how do you identify requirements gathering what is sprint
Ans. 
I am an experienced business analyst with a track record of leading successful projects using Scrum methodology.
• I have led 10+ projects in my career, ranging from small-scale to enterprise-level

• My previous experience includes working as a business analyst for a Fortune 500 company

• Scrum is an agile framework used for project management and product development

• I identify requirements gathering by conducting stakeholder in...read more
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Q2. All scrum question
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Q3. Client profile awareness
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Q1. Principles of Agile and Scrum. SQL, Api
Ans. 
Agile and Scrum are project management methodologies. SQL and API are technical skills.
• Agile and Scrum are iterative and incremental approaches to software development.

• SQL is a programming language used to manage and manipulate relational databases.

• API stands for Application Programming Interface and is a set of protocols and tools for building software applications.

• Agile and Scrum emphasize collaboration, flexibility,...read more
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Q2. Past work ex and core BA technical questions.
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Q1. Typical HR questions
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Q1. Managerial round. Project related technical questions about Insurance domain.
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Q1. 1. Agile ceremonies 2. Scenario based questions eg how to handle change requests etc 3. Questions on documents such as PRD, FRD etc
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English grammer test, Case study etc

Q1. Ovarall past experiance and collection process
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Q2. Tell about yourself in brief
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Q3. Why you went out from your last organization
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Q4. What are you achivements
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I have achieved significant improvements in business processes and successfully led cross-functional teams.
• Implemented a new project management system that increased efficiency by 30%

• Led a team of analysts to identify cost-saving opportunities resulting in $1 million in annual savings

• Developed and implemented a data-driven strategy that improved customer retention by 15%

• Successfully managed the implementation of a new
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Q1. 1. Questions about profile 2. Extensive questions about SCRUM, SAFE 3. Questions about Requirement Gathering 4. Questions about SDLC
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Q1. Domain Specific questions
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Q1. Discussions about Salary, Location and benefits
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