Ofbusiness Business Development Manager Interview Questions and Answers

Q1. Tell me something about yourself
Add your answer
Q2. Situation based qiestions
Add your answer
Q3. What do you know about this company
Add your answer

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
Answered by AI
Add your answer
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
Answered by AI
Add your answer

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
Answered by AI
Add your answer
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
Answered by AI
Add your answer

Topics were abstract.

Q1. Basic introduction about yourself.
Add your answer

Q1. Domain knowledge and internships experience of any.
Add your answer
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
Answered by AI
Add your answer

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
Answered by AI
Add your answer

Q1. Business Knowledge and Self Introduction
Add your answer