Fraud Analyst Interview Questions and Answers for Freshers

Fraud is when someone tricks or deceives others to steal their money or personal information.

• Fraud is a type of dishonest behavior where someone tries to take advantage of others for their own gain.

• It involves tricking or deceiving people to steal their money, personal information, or belongings.

• Fraud can happen in different ways, such as online scams, identity theft, or fake products.

• For example, if someone pretends to be a bank representative and asks for your credit card d...read more

There are four types of join: inner, outer, left, and right. Left outer join returns all records from the left table and matching records from the right table.

• Inner join returns only matching records from both tables

• Outer join returns all records from both tables

• Left join returns all records from the left table and matching records from the right table

• Right join returns all records from the right table and matching records from the left table

• Example: SELECT * FROM table1 LEFT...read more

Chargeback is a transaction reversal made by a bank or credit card issuer, usually due to fraud or disputed charges.

• Chargeback occurs when a customer disputes a charge and the bank or credit card issuer reverses the transaction.

• The merchant is notified of the chargeback and can either accept it or dispute it.

• If the chargeback is accepted, the merchant loses the sale and may be charged a fee.

• If the chargeback is disputed, the bank or credit card issuer investigates and makes a...read more

Elder abuse is mistreatment of older adults, which can be physical, emotional, financial, or sexual.

• Detecting elder abuse involves looking for signs of physical injuries, such as bruises, cuts, or burns

• Changes in behavior, such as withdrawal or depression, can also be a sign of elder abuse

• Unexplained financial transactions or sudden changes in a senior's financial situation can indicate financial abuse

• Sexual abuse can be detected by observing signs of trauma or changes in beh...read more

Fraud is the intentional deception for personal gain or to cause harm.

• Fraud involves intentional deception or misrepresentation

• It is committed for personal gain or to cause harm

• Examples include identity theft, credit card fraud, and insurance fraud

A credit card is a payment card issued by a financial institution, allowing the cardholder to borrow funds to make purchases.

• Credit cards allow users to make purchases on credit, with the promise to repay the borrowed amount at a later date.

• They often come with a credit limit, which is the maximum amount the cardholder can borrow.

• Credit cards may also offer rewards, cashback, or other benefits to cardholders.

• They are widely accepted for online and in-person transactions, maki...read more

Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services.

• Wipro was founded in 1945 in India.

• It is one of the largest IT services companies in the world.

• Wipro offers services such as IT consulting, system integration, and outsourcing.

• The company has a presence in over 60 countries.

• Wipro is known for its innovation and digital transformation solutions.