Mphasis Tech Process Associate Interview Questions and Answers

Q1. What is the concept of insurance?
Ans. 
Insurance is a financial arrangement that provides protection against potential losses by pooling the risks of many individuals or entities.
• Insurance involves a contract between the insurer and the insured party.

• The insured pays a premium in exchange for coverage against specified risks.

• Insurance helps individuals and businesses manage risks and protect themselves financially.

• Types of insurance include health, life, au...read more
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Q2. What are the different types of insurance available?
Ans. 
There are various types of insurance available, including health, life, auto, home, and travel insurance.
• Health insurance covers medical expenses and treatments.

• Life insurance provides financial protection to beneficiaries in case of the insured's death.

• Auto insurance covers damages and liabilities related to vehicles.

• Home insurance protects against damages to the home and belongings.

• Travel insurance covers trip cancel
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30 question mcq ask i gave 28

Project preparation discussion how would you execute project

Q1. Process associate questions
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Q2. What is roles and responsibility
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Roles and responsibilities refer to the tasks and duties assigned to an individual within an organization.
• Roles define the position or job title of an individual within the organization.

• Responsibilities outline the specific tasks and duties that the individual is expected to perform.

• Roles and responsibilities help clarify expectations, promote accountability, and ensure effective teamwork.

• Examples: A process associate ...read more
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Q1. Strengths and weakness
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Q1. About your introduction
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Q2. Previous experience details
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Q1. Tell about your role
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Q2. Your salary expectation
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Q1. Let me know about your profile
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Q2. Why you want to change your firm
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Q1. Tell me your self introduction
Ans. 
I am a dedicated and detail-oriented individual with a strong background in data analysis and process improvement.
• Graduated with a degree in Business Administration

• Worked as a data analyst for 2 years

• Implemented process improvements that resulted in a 20% increase in efficiency
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Q2. Skills and achievements
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Q1. Introduce yourself
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I am a dedicated and detail-oriented individual with a background in customer service and data entry.
• Customer service experience at XYZ Company for 2 years

• Proficient in data entry and Microsoft Office Suite

• Strong attention to detail and organizational skills
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Q2. What is kyc and what purpose of KYC
Ans. 
KYC stands for Know Your Customer. It is a process used by financial institutions to verify the identity of their clients.
• KYC is a regulatory requirement to prevent financial crimes such as money laundering and terrorism financing.

• It involves collecting personal information and verifying the identity of customers.

• Examples of KYC documents include government-issued IDs, proof of address, and financial statements.

• KYC hel...read more
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Q3. What is funds risk
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Funds risk refers to the potential for financial loss in an investment due to market fluctuations or other factors.
• Funds risk is the possibility of losing money on an investment.

• It can be caused by market volatility, economic factors, or specific risks related to the investment.

• Investors often assess funds risk before making investment decisions to determine their risk tolerance.

• Examples of funds risk include market ri
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Q1. Self introduction
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Q2. Basics questions about accounts
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Q1. Personal background
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Q2. Why should i hire u?
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