Preview Questions Data Analyst | Role Specific Skill

Question 1: When documenting a data source used for financial reporting, which of the following should be included?

Which action should you take?

Choose only one option

Just the URL of the data source

Data lineage, frequency of updates, access rights, and data definitions

The technical specifications of the database server

Only the name of the data source

Question 2: In financial data visualization, how would you best visualize the correlation between customer satisfaction scores and loan repayment behavior in BFSI?

Which action should you take?

Choose only one option

Scatter plot

Box plot

Radar chart

Heatmap

Question 3: What is the best approach for detecting emerging trends in customer behavior for a bank's digital platform?

Which action should you take?

Choose only one option

Time series forecasting

Regression analysis

Cohort analysis

Cluster analysis

Question 4: When dealing with multivariate data for customer segmentation in BFSI, which visualization technique would be most useful for comparing multiple variables?

Which action should you take?

Choose only one option

Box plot

Parallel coordinates plot

Histogram

Pie chart

Question 5: What is the purpose of outlier detection in BFSI data analysis?

Which action should you take?

Choose only one option

To eliminate errors and inconsistencies in data

To avoid underfitting in machine learning models

To enhance the prediction accuracy of models

To ensure compliance with regulatory standards

Question 6: Which machine learning algorithm is most suitable for forecasting future trends in insurance claim volumes based on historical data?

Which action should you take?

Choose only one option

Decision Trees

Linear Regression

K-Means Clustering

Long Short-Term Memory (LSTM) Networks