Preview Questions Business Development Executive | Role Specific Skill

Question 1: How would you assess the market demand for a new financial product in an underserved region?

Which action should you take?

Choose only one option

Analyze industry reports from major financial firms

Rely solely on online surveys to collect data

Conduct focus groups and customer interviews in the region

Focus only on national trends without considering regional specifics

Question 2: What is the role of CRM software in improving sales and marketing efforts for BFSI products?

Which action should you take?

Choose only one option

CRM helps manage client interactions, track opportunities, and automate marketing efforts

CRM is only useful for post-sales follow-up

CRM is only useful for storing client contact information

CRM should be used exclusively for managing internal tasks and not client relationships

Question 3: What is the significance of sample size in BFSI market research surveys?

Which action should you take?

Choose only one option

Reduces survey costs

Ensures faster data collection

Improves respondent diversity

Increases response accuracy

Question 4: What role does data analytics play in client acquisition for BFSI products?

Which action should you take?

Choose only one option

Helps identify trends, segment potential clients, and personalize acquisition strategies

Data is only useful for post-acquisition analysis

Minimal role; client acquisition is purely relationship-driven

Data has no significant impact on client acquisition

Question 5: How do you maintain momentum in the client acquisition process for BFSI products?

Which action should you take?

Choose only one option

Focus only on closing deals and neglect ongoing engagement

Build strong relationships, maintain regular communication, and provide ongoing value

Prioritize new leads over nurturing existing leads

Push clients to close quickly without maintaining engagement

Question 6: What is the most effective method for acquiring clients in a highly competitive BFSI market?

Which action should you take?

Choose only one option

Target the largest market segment without analyzing specific needs

Focus on aggressive pricing and discounting strategies

Use a combination of personalized outreach, consultative selling, and relationship building

Increase marketing spend without focusing on segmentation