Process Executive 1 Interview Questions and Answers for Freshers

PATRA is headquartered in California, USA.

• PATRA is a global insurance services provider.

• It has offices in multiple locations worldwide.

• The company was founded in 2005.

The minimum requirement for typing speed is 30 words per minute.

• Typing speed is an important skill for this role.

• Candidates should be able to type accurately and efficiently.

• 30 words per minute is the minimum requirement for this position.

• Higher typing speeds may be preferred depending on the specific job duties.

• Typing tests may be administered during the hiring process.

Brokerage refers to the fee or commission charged by a broker for facilitating a transaction between a buyer and a seller.

• Brokerage is a fee or commission charged by a broker.

• It is the cost of using a broker's services to facilitate a transaction.

• Brokers can be individuals or companies that act as intermediaries between buyers and sellers.

• The brokerage fee is typically a percentage of the transaction value.

• For example, when buying or selling stocks, a brokerage fee is charged...read more

Premium refers to the amount of money paid for an insurance policy or the additional cost for a higher level of service or quality.

• Premium is the price paid for an insurance policy, typically on a regular basis (monthly, quarterly, or annually).

• It is the amount charged by an insurance company to provide coverage for a specific risk.

• Premiums can vary based on factors such as the type of insurance, coverage limits, deductibles, and the insured's risk profile.

• For example, in car...read more