Preview Questions Data Analyst | Role Specific Skill

Question 1: In the context of dashboard design, what is the primary benefit of using interactive filters in BFSI reporting?

Which action should you take?

Choose only one option

To reduce the amount of data displayed

To make the dashboard visually appealing

To allow users to customize the view and focus on specific subsets of data

To increase the loading time of the dashboard

Question 2: In a statistical analysis of loan default rates in BFSI, which distribution is most commonly used to model the data?

Which action should you take?

Choose only one option

Normal distribution

Log-normal distribution

Poisson distribution

Exponential distribution

Question 3: When performing feature selection in credit risk modeling, which method evaluates the importance of each feature based on the model's coefficients?

Which action should you take?

Choose only one option

Recursive Feature Elimination (RFE)

Principal Component Analysis (PCA)

Backward Elimination

Forward Selection

Question 4: Which of the following methods would be most effective for handling a large influx of loan application data that must be processed in real-time?

Which action should you take?

Choose only one option

Data warehousing

Event-driven architecture

OLAP cubes

Batch processing

Question 5: Which method is most effective in handling inconsistencies between different data types in BFSI datasets?

Which action should you take?

Choose only one option

Perform anomaly detection

Use cross-validation techniques

Perform data standardization

Apply regular expressions to clean the data

Question 6: In BFSI, when dealing with audit logs for regulatory compliance, which database feature would be most useful to track changes to critical financial data?

Which action should you take?

Choose only one option

Store logs in a separate non-relational database

Encrypt logs to prevent unauthorized access

Store logs in the same database without any controls

Implement triggers to log changes to sensitive data