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Media.net Software Services (India) Product Manager Interview Questions and Answers

Updated 27 Jun 2024

Q1. How many UPI transactions would be happening in a month?

Ans.

It is difficult to estimate the exact number of UPI transactions happening in a month.

  • The number of UPI transactions varies depending on factors such as the number of users, the popularity of UPI as a payment method, and the number of merchants accepting UPI.

  • However, according to the National Payments Corporation of India (NPCI), there were over 2.73 billion UPI transactions in December 2020.

  • This number has been steadily increasing over the years, with a growth rate of over 1...read more

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Q2. Netflix observing a drop in average revenue per user. Why would that be?

Ans.

Possible reasons for Netflix observing a drop in average revenue per user.

  • Increased competition from other streaming services

  • Decrease in subscription prices

  • Decrease in content quality or quantity

  • Economic downturn affecting consumer spending

  • Shift towards sharing accounts among multiple users

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Q3. Imagine a subscription based phone buying model? How would that work out?

Ans.

Subscription based phone buying model allows customers to pay a monthly fee for a phone and its services.

  • Customers can choose from a range of phone models and select a plan that suits their needs.

  • The monthly fee covers the cost of the phone and services such as data, calls, and texts.

  • Customers can upgrade to a newer phone model after a certain period of time.

  • The subscription model provides a steady stream of revenue for the company.

  • Examples include Apple's iPhone Upgrade Prog...read more

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Q4. How would UrbanClap cope with covid19 situation?

Ans.

UrbanClap can cope with covid19 situation by implementing safety measures and offering virtual services.

  • Implement safety measures such as mandatory masks, sanitization, and temperature checks for service providers and customers

  • Offer virtual services for services that can be done remotely such as online consultations and virtual fitness classes

  • Encourage cashless transactions to minimize physical contact

  • Partner with local authorities to ensure compliance with government guideli...read more

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Q5. E commerce app orders going down

Ans.

E-commerce app orders going down may be due to various factors such as technical issues, competition, or changes in consumer behavior.

  • Analyze website traffic and conversion rates to identify any technical issues affecting order placement.

  • Research competitors to understand their strategies and pricing, and make adjustments accordingly.

  • Survey customers to gather feedback on their shopping experience and preferences.

  • Monitor market trends and consumer behavior to adapt marketing ...read more

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Q6. Explain Api to a 5 year old

Ans.

API is like a waiter who takes your order to the kitchen and brings back your food.

  • API is like a messenger that helps different software programs communicate with each other.

  • It allows one application to access the features or data of another application.

  • For example, when you use a weather app on your phone, it is using an API to get the weather information from a weather website.

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Q7. How does FB work

Ans.

Facebook is a social media platform that allows users to connect with friends, family, and businesses through sharing posts, photos, and videos.

  • Users create profiles with personal information and can connect with others by sending friend requests.

  • Users can share posts, photos, and videos on their timeline for their friends to see.

  • Facebook offers features like groups, events, and pages for users to connect with others who share similar interests.

  • The platform also includes adve...read more

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