Preview Questions Operations Manager | Role Specific Skill

Question 1: In BFSI, how can financial derivatives be used for effective risk mitigation?

Which action should you take?

Choose only one option

By reducing derivative exposure entirely to limit market risk

By using hedging strategies to offset potential losses due to market fluctuations

By focusing on short-term speculative investments to minimize financial loss

By increasing exposure to high-risk markets to maximize short-term returns

Question 2: How would you mitigate regulatory risk associated with cross-border transactions in a BFSI organization?

Which action should you take?

Choose only one option

Focusing on domestic markets only

Implementing robust cross-border compliance protocols

Relying on foreign partners for compliance

Outsourcing all international transactions

Question 3: In BFSI process optimization, which role does automation play in reducing manual errors?

Which action should you take?

Choose only one option

It increases operational costs in the short term

It increases the complexity of the approval process

It reduces customer involvement in the process

It eliminates repetitive tasks and reduces human error

Question 4: In a BFSI process improvement initiative, what is the key benefit of cross-functional team collaboration?

Which action should you take?

Choose only one option

It leads to a more holistic understanding of the process, integrating diverse perspectives and expertise

It makes decision-making slower due to differing views

It avoids unnecessary resource allocation by limiting team members

It simplifies the process by concentrating on one department at a time

Question 5: In the context of improving the process efficiency of financial reporting, which tool would be most useful to identify redundant or time-consuming tasks?

Which action should you take?

Choose only one option

Control chart

Fishbone diagram

Gantt chart

Process flow diagram

Question 6: In BFSI, what strategy is most effective for managing reputational risk during a crisis involving customer data breach?

Which action should you take?

Choose only one option

Ignoring customer concerns and focusing on internal security measures

Focusing only on legal aspects of the breach

Increasing marketing efforts to distract from the issue

Implementing a rapid and transparent crisis communication plan