Preview Questions Data Analyst | Role Specific Skill

Question 1: How do you ensure the accuracy and consistency of financial metrics reported across different departments or teams?

Which action should you take?

Choose only one option

I standardize the calculation methodologies and create clear documentation on how metrics should be calculated and reported

I report only the most significant metrics, ignoring others to streamline the process

I assume different teams will follow the same methodology without needing verification

I consolidate data from various teams without validating their consistency

Question 2: How do you measure "Model Overfitting" in financial predictive models, and what techniques would you use to avoid it?

Which action should you take?

Choose only one option

I avoid overfitting by using larger datasets without any specific adjustments

I assume that a model with high training accuracy is always reliable

I focus on training accuracy and ignore performance on validation data

I assess overfitting using cross-validation, regularization, and monitoring model performance on both training and validation data

Question 3: In financial modeling, which of the following would be the most appropriate way to assess the risk of a loan portfolio?

Which action should you take?

Choose only one option

ANOVA

Monte Carlo simulation

Linear regression

Paired t-test

Question 4: What is the best method to visualize the distribution of returns for a financial portfolio when data contains extreme outliers?

Which action should you take?

Choose only one option

Histogram with logarithmic scale

Dot plot

Violin plot

Boxplot with whiskers

Question 5: In the context of BFSI, what is the primary purpose of using the Hodrick-Prescott (HP) filter in trend analysis of economic indicators?

Which action should you take?

Choose only one option

To normalize data distributions for better trend visualization

To perform seasonal adjustments on economic data

To identify outliers in financial data

To decompose a time series into trend and cyclical components

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