1500+ Business Analyst Interview Questions and Answers

The probability of rolling an even number on a biased dice with 25% chance for 1 and 2 is 50%.

• The biased dice has a 25% chance for rolling a 1 and a 25% chance for rolling a 2, totaling 50% for odd numbers.

• Since there are only two odd numbers on a dice (1 and 2), the probability of rolling an even number is 50%.

• The probability of rolling an even number on a standard dice is 50% as well, since there are 3 even numbers out of 6 total outcomes.

Breaking down a function list for an online sale website involves identifying key functions and organizing them into categories.

• Identify core functions such as product listing, shopping cart management, payment processing, and order fulfillment

• Organize functions into categories like front-end user interface, back-end database management, and external integrations

• Consider user roles and permissions when breaking down functions, such as customer, admin, and vendor functionaliti...read more

Advertising a new store opening in a location

• Identify target audience and their preferences

• Create a catchy slogan and design attractive visuals

• Utilize social media platforms and local newspapers for promotion

• Offer discounts and promotions to attract customers

• Organize a grand opening event to create buzz and excitement

Choosing between in-branch and out-branch ATM's based on various parameters

• Consider the location and accessibility of the ATM

• Analyze the cost of installation and maintenance

• Evaluate the security measures in place

• Assess the customer demand and usage patterns

• Factor in the availability of other banking services at the branch

• Out-branch ATMs may be more cost-effective but in-branch ATMs offer better customer experience

Sales are increasing but the profit is decreasing due to various factors.

• Increase in production costs

• Decrease in selling prices

• Increase in competition

• Increase in marketing expenses

• Increase in overhead costs

To analyze the cause of high bounce rate for a product on a website, conduct user behavior analysis, review website performance metrics, and gather feedback.

• Conduct user behavior analysis to identify patterns and trends leading to high bounce rate

• Review website performance metrics such as page load times, usability, and content relevance

• Gather feedback from users through surveys, interviews, and usability testing

• Identify potential issues such as confusing navigation, slow loa...read more

Analyzing a company using financial statements and key ratios, with a focus on healthcare sector.

• Analyze income statement, balance sheet, and cash flow statement to understand financial health

• Check key ratios like profitability (e.g. net profit margin), liquidity (e.g. current ratio), and efficiency (e.g. asset turnover)

• In healthcare sector, important ratios include bed occupancy rate, average length of stay, and patient-to-nurse ratio

To estimate total laptop sales in a city, consider population, income levels, tech adoption rate, and market share of laptop brands.

• Estimate the total population of the city

• Consider the average income levels in the city to gauge purchasing power

• Research the tech adoption rate in the city to understand the demand for laptops

• Look at market share data of different laptop brands to estimate their sales in the city

Calculate revenue for a company based on SKUs and prices.

• Multiply the quantity of each SKU sold by its price

• Sum up the total revenue from all SKUs

• Revenue = Quantity * Price

• Example: SKU1 - 100 units sold at $10 each, SKU2 - 50 units sold at $20 each

Answers to common technical questions for a Business Analyst role.

• A webhook is a way for an app to provide other applications with real-time information.

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

• Users who need to travel from one place to another will enroll in the taxi service provider app.

• The algorithm to decide which driver would come to pick up would depend on factors such as distan...read more

I will use agile methodology to accommodate changes in requirements or enhancement.

• I will prioritize the changes based on their impact on the project and discuss them with the stakeholders.

• I will update the project plan and communicate the changes to the team.

• I will use agile methodology to accommodate changes in requirements or enhancement.

• I will ensure that the changes are properly documented and tested before implementation.

• I will continuously monitor the changes and make ...read more

Call drops can be caused by various factors such as network congestion, poor signal strength, and technical issues.

• Network congestion due to high call volume or limited bandwidth

• Poor signal strength caused by distance from cell tower or obstacles

• Technical issues such as software glitches or hardware malfunctions

• Interference from other electronic devices

• Inadequate network coverage in certain areas

• User error such as accidentally hanging up or losing signal

• Weather conditions suc...read more

Approximately 1.5 million cycles were sold in Chennai in 2012.

• Consider the population of Chennai and the percentage of people who use cycles as a mode of transportation.

• Look at the sales data of cycle manufacturers in Chennai.

• Take into account the growth rate of the city's population and the economy.

• Assume that the demand for cycles is consistent throughout the year.

• Approximately 1.5 million cycles were sold in Chennai in 2012.

It is difficult to accurately estimate the number of people wearing spectacles in Delhi without specific data.

• Population of Delhi is around 20 million, so a rough estimate could be based on the global average of 25% of the population wearing spectacles.

• Factors such as age demographics, income levels, and access to healthcare facilities can also influence the number of people wearing spectacles.

• Survey data or market research reports on eyewear usage in Delhi could provide more...read more

Traditional life products provide coverage for a specific term while whole life products provide coverage for the entire life of the policyholder.

• Traditional life products have a fixed term and premium payments, while whole life products have flexible premium payments and coverage for the entire life of the policyholder.

• Whole life products have a cash value component that grows over time, while traditional life products do not.

• Whole life products are generally more expensive ...read more

Backorder is when a product is out of stock but can be ordered, while pre-order is when a product is not yet released but can be reserved.

• Backorder is for products that are temporarily out of stock

• Pre-order is for products that are not yet released

• Backorder allows customers to order the product and wait for it to be restocked

• Pre-order allows customers to reserve the product before it is released

• Backorder may have an estimated restock date, while pre-order has a release date

The steps required to develop a product from an idea

• Conduct market research to validate the idea

• Create a detailed product concept and design

• Develop a prototype or minimum viable product (MVP)

• Test and gather feedback from potential users

• Iterate and refine the product based on feedback

• Create a business plan and secure funding

• Build the final product

• Implement a marketing and sales strategy

• Launch the product

• Continuously monitor and improve the product

Functional requirements describe what the system should do, while non-functional requirements describe how the system should perform.

• Functional requirements focus on specific functions or features that the system must provide.

• Non-functional requirements focus on qualities or constraints that the system must meet, such as performance, security, or usability.

• Functional requirements are typically documented in use cases or user stories.

• Non-functional requirements are often docum...read more

ERP stands for Enterprise Resource Planning. It is a software system that helps organizations manage their business processes.

• ERP integrates various business functions like finance, HR, inventory, etc.

• There are three types of ERP implementation - On-premise, Cloud-based, and Hybrid.

• On-premise ERP is installed on the company's own servers and managed by their IT team.

• Cloud-based ERP is hosted on the vendor's servers and accessed through the internet.

• Hybrid ERP is a combination...read more

Estimating Amazon services for Electronics and Fashion Industry in my city

• Analyze the market size and growth rate of both industries in the city

• Identify the major players and their online presence

• Evaluate the demand for online shopping in the city

• Assess the delivery infrastructure and logistics in the city

• Consider the pricing strategy and discounts offered by Amazon

• Look into the customer reviews and ratings of Amazon services in the city

The maximum number of runs an opener batsman can score in a T20 match if he stays till the end is 240.

• Assuming the opener faces all 120 balls, he can score a maximum of 240 runs.

• This is calculated by hitting a six on every ball.

• However, this is practically impossible and has never been achieved in a T20 match.

Explanation of various financial terms commonly used in business analysis.

• LBO stands for Leveraged Buyout, which is the acquisition of a company using a significant amount of borrowed funds.

• Goodwill represents the premium paid for a company over its book value during an acquisition.

• Dividend is a payment made by a corporation to its shareholders, usually in the form of cash or stock.

• ROCE (Return on Capital Employed) measures a company's profitability and efficiency in using it...read more

Analyze the data to identify the root cause of the loss and develop a plan to address it.

• Analyze financial statements to identify areas of high expenses or low revenue

• Conduct market research to identify competitive pressures or changing customer needs

• Develop a plan to reduce expenses, increase revenue, or pivot the business model

• Consider seeking outside investment or partnerships to support the turnaround

• Monitor progress and adjust the plan as needed

I would explain the reason for the delay and provide a plan to mitigate the impact on the project timeline.

• Communicate the reason for the delay clearly and transparently

• Provide a revised timeline with a detailed plan to catch up on lost time

• Offer alternative solutions to minimize the impact on the project

• Ensure that the client understands the steps being taken to prevent future delays

Market size estimation for a bottle designed in cfi

• Identify target market and demographics

• Research similar products and their market share

• Analyze consumer demand and willingness to pay

• Consider distribution channels and pricing strategy

• Estimate production and marketing costs

• Use data to project potential revenue and market share

Develop a market entry strategy for new player XYZ.

• Conduct market research to identify target audience and competition.

• Develop a unique value proposition and brand identity.

• Determine pricing strategy and distribution channels.

• Create a marketing plan to build brand awareness and attract customers.

• Establish partnerships with local businesses and organizations.

• Consider regulatory and legal requirements for entering the market.

• Invest in customer service and support to build custo...read more

Yes, I am a fresher and I have recently graduated this year.

• Yes, I am a fresher.

• I have recently graduated this year.

• I am new to the industry and eager to learn.

• I have a fresh perspective and can bring new ideas to the table.

I have experience in implementing SAP and Oracle ERPs.

• Implemented SAP ERP for a manufacturing company

• Implemented Oracle ERP for a retail company

• Experience in customizing ERP modules to meet business requirements

I would analyze the reported issues, identify commonalities and differences, collaborate with stakeholders from both regions, and propose a solution that addresses the concerns of both parties.

• Analyze the reported issues from both regions to understand the root cause

• Identify commonalities and differences in the reported issues

• Collaborate with stakeholders from both regions to gather more insights and perspectives

• Propose a solution that addresses the concerns of both regions, ...read more

To ensure requirements are complete, I use a combination of techniques such as stakeholder interviews, documentation review, and validation sessions.

• Conduct thorough stakeholder interviews to gather all necessary information

• Review documentation such as business requirements documents and user stories

• Hold validation sessions with stakeholders to ensure all requirements are captured

• Use tools like requirement traceability matrices to track and verify completeness

I gather requirements by conducting interviews, workshops, and analyzing existing documentation.

• Conduct interviews with stakeholders to understand their needs and expectations

• Facilitate workshops to gather input from various team members and stakeholders

• Analyze existing documentation such as user manuals, business processes, and system requirements

• Create prototypes or mockups to visualize the new feature/software for better understanding

Yes, I have experience working on no code-low code platforms.

• I have worked on platforms like OutSystems and Mendix which are considered no code-low code platforms.

• I have developed applications using visual drag-and-drop interfaces and pre-built components.

• These platforms allow for rapid application development without the need for traditional coding.

• I have experience in creating workflows, data models, and user interfaces using these platforms.

• I have also integrated external ...read more

BRD is a document that outlines business requirements, while FRD is a document that outlines functional requirements.

• BRD focuses on the business needs and goals, while FRD focuses on the technical requirements to meet those needs.

• BRD is created by the business analyst, while FRD is created by the development team.

• BRD is used to communicate with stakeholders, while FRD is used to communicate with the development team.

• Examples of BRD include project scope, objectives, and const...read more

Deferred assets and liabilities are those that are recognized in the future due to certain events or transactions.

• Deferred assets are expenses that have been paid in advance but will be recognized as an asset in the future, such as prepaid rent or insurance.

• Deferred liabilities are revenues that have been received in advance but will be recognized as a liability in the future, such as unearned revenue or customer deposits.

• Deferred assets and liabilities are recognized in the ...read more

The most used diagrams by business analysts are use case diagrams, activity diagrams, and sequence diagrams.

• Use case diagrams show the interactions between actors and the system.

• Activity diagrams show the flow of activities within a process.

• Sequence diagrams show the interactions between objects in a system.

• Other diagrams used by business analysts include class diagrams, state diagrams, and ER diagrams.

• These diagrams help to visualize and communicate complex business processe...read more

I will showcase the unique features and benefits of the product and provide evidence of its success in the market.

• Identify the pain points of the company and show how the product can solve them

• Highlight the unique features and benefits of the product

• Provide evidence of the product's success in the market through case studies and testimonials

• Offer a trial period or demo to allow the company to test the product before committing to a purchase

• Address any concerns or objections t...read more

I will facilitate open communication and collaboration between the two teams.

• Encourage regular meetings between QA and DEV to discuss issues and concerns

• Establish clear guidelines and processes for bug reporting and resolution

• Encourage a culture of mutual respect and understanding between the two teams

• Involve management or a neutral third party if necessary to mediate conflicts

• Focus on the shared goal of delivering a high-quality product

• Provide training and resources to help ...read more

Jet Airways faced profitability issues, here's how to solve it.

• Analyze the cost structure and identify areas of inefficiency

• Review pricing strategy and revenue streams

• Explore partnerships and alliances to increase revenue

• Consider restructuring or downsizing if necessary

• Implement cost-cutting measures such as reducing fuel consumption or renegotiating contracts

RACI matrix is a tool used to clarify roles and responsibilities within a project or organization.

• RACI stands for Responsible, Accountable, Consulted, and Informed

• It helps in defining who is responsible for what tasks, who is accountable for the overall outcome, who needs to be consulted before decisions are made, and who needs to be kept informed

• For example, in a software development project, the business analyst might be responsible for gathering requirements (R), the proje...read more

Random Forest is an ensemble learning method that combines multiple decision trees to make predictions.

• Random Forest is a supervised learning algorithm used for both classification and regression tasks.

• It creates a multitude of decision trees and combines their predictions to make a final prediction.

• Each decision tree is trained on a random subset of the training data and features.

• Random Forest reduces overfitting and improves accuracy compared to a single decision tree.

• It ca...read more

The business model for the coming day energy solution should focus on utilizing renewable resources in the most cost-effective way.

• Identify the most viable renewable resources available in the region

• Analyze the cost of implementing and maintaining the infrastructure for utilizing these resources

• Develop a pricing strategy that is competitive with traditional energy sources

• Consider government incentives and regulations that may impact the business model

• Collaborate with energy p...read more

Yes, I know programming languages.

• I am proficient in Java and Python.

• I have experience in using SQL for database management.

• I have also worked with HTML, CSS, and JavaScript for web development.

• I am familiar with Agile methodology and have used JIRA for project management.

Profit decrease reasons for company X

• Decrease in sales revenue

• Increase in production costs

• Economic downturn

• Competition

• Changes in consumer behavior

• Poor management decisions

• External factors such as natural disasters or political instability

To find the salary of each employee per month, you need access to a database management system (DBMS) that stores employee data.

• Access the DBMS and locate the table that stores employee information.

• Identify the column that contains the salary information.

• Retrieve the salary data for each employee and calculate the monthly salary.

• Store the monthly salary information in a suitable data structure, such as an array of strings.

To rate a customer's credibility, we consider their payment history, credit score, references, and industry reputation.

• Evaluate payment history and credit score

• Check references and past work experience

• Assess industry reputation and online presence

• Consider any legal or financial issues

• Use a scoring system or rating scale to quantify credibility

I have used various project management tools such as JIRA, Trello, Asana, and Microsoft Project.

• JIRA for agile project management and issue tracking

• Trello for visual project management and collaboration

• Asana for task management and team communication

• Microsoft Project for project planning and scheduling

The framework used in Agile methodologies is Scrum.

• Scrum is an iterative and incremental framework for managing product development.

• It emphasizes on delivering a potentially shippable product increment at the end of each sprint.

• It consists of three roles: Product Owner, Scrum Master, and Development Team.

• It has four ceremonies: Sprint Planning, Daily Scrum, Sprint Review, and Sprint Retrospective.

• It also has three artifacts: Product Backlog, Sprint Backlog, and Increment.

• Othe...read more