Preview Questions Business Development Executive | Role Specific Skill

Question 1: How can a Business Development Executive align lead generation efforts with the overall business strategy in BFSI?

Which action should you take?

Choose only one option

Using only one lead generation method that does not align with business objectives

Focusing only on individual sales goals without considering company strategy

Disregarding company strategy to focus on personal sales targets

By understanding the company's goals, creating targeted strategies, and continuously adjusting based on feedback

Question 2: What role does trust play in client relationship management in BFSI?

Which action should you take?

Choose only one option

Trust is only relevant after the client signs the contract

Trust is important but can be bypassed for financial gain

Trust is essential for long-term relationship building, client retention, and advocacy

Trust is not as important as offering the best deal

Question 3: How does a Business Development Executive use CRM systems for effective lead generation in BFSI?

Which action should you take?

Choose only one option

Using CRM only for post-sale activities

Ignoring CRM data and relying solely on manual processes

By automating lead tracking, segmenting leads, and facilitating personalized outreach

Keeping CRM data static without updating lead information

Question 4: How would you approach lead generation in a market with high competition and low customer awareness in BFSI?

Which action should you take?

Choose only one option

Increase brand awareness through educational content

Focus on price-based offers and discounts

Focus solely on direct sales strategies

Rely on cold calling to build leads

Question 5: What is the most effective strategy to convert a warm lead into a client in the BFSI sector?

Which action should you take?

Choose only one option

Rely on cold calling to close the deal quickly

Use generic communication and avoid deep engagement

Offer heavy discounts to seal the deal

Focus on building a personalized value proposition tailored to the client's needs

Question 6: What is the significance of lead scoring in the BFSI client acquisition process?

Which action should you take?

Choose only one option

To segment clients based on demographic data

To prioritize prospects based on their readiness to convert

To optimize client communication strategies

To increase lead volume