Pamac Finserve Finance Executive Interview Questions and Answers

To sell a product, understand the customer's needs, highlight the benefits, and create a sense of urgency.

• Research the target audience and their pain points

• Highlight the unique features and benefits of the product

• Create a sense of urgency through limited time offers or scarcity

• Build trust and rapport with the customer

• Handle objections and provide solutions

• Close the sale and follow up for customer satisfaction

KYC stands for Know Your Customer.

• KYC is a process used by financial institutions to verify the identity of their customers.

• It involves collecting and verifying customer information to prevent fraud, money laundering, and other illegal activities.

• KYC requirements may include providing identification documents, proof of address, and other relevant information.

• Financial institutions are legally obligated to perform KYC p...read more

There are several types of accounts in finance, including savings, checking, investment, and credit accounts.

• Savings accounts are used to store money and earn interest.

• Checking accounts are used for everyday transactions and often come with a debit card.

• Investment accounts are used to buy and sell stocks, bonds, and other securities.

• Credit accounts allow individuals to borrow money and make purchases on credit.

• Other ty...read more

HANA is an in-memory database and application development platform developed by SAP.

• HANA stands for High-Performance Analytic Appliance.

• It allows real-time processing of large amounts of data.

• It can be used for data warehousing, analytics, and application development.

• HANA is used by businesses to gain insights from their data and make better decisions.

• Examples of companies using HANA include Coca-Cola, Nestle, and Merc