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Summit partners Interview Questions and Answers
Ques:- In order to attract deposits, banks offer various types of products with distinguishing features. As a student of banking law do you observe any challenge/threat from money laundering for banks in this struggle? Discuss
Right Answer:
Yes, banks face significant challenges from money laundering when attracting deposits. Money laundering can lead to reputational damage, regulatory penalties, and financial losses. Banks must implement strict compliance measures and due diligence processes to detect and prevent illicit activities, which can complicate their efforts to attract legitimate deposits.
Ques:- Explain in brief about the Documentation – CFD, DFD, Functional Documentation.
Right Answer:
**CFD (Context Flow Diagram)**: A high-level diagram that shows the flow of information between external entities and the system, helping to define system boundaries and interactions.

**DFD (Data Flow Diagram)**: A visual representation that illustrates how data moves through a system, detailing processes, data stores, and data flows, typically used to analyze and design systems.

**Functional Documentation**: A comprehensive document that outlines the functionalities of a system, including requirements, use cases, and specifications, serving as a guide for development and testing.
Ques:- What are the fields used for Project Planning in Ms Project?
Right Answer:
The fields used for Project Planning in MS Project include:

1. Task Name
2. Duration
3. Start Date
4. Finish Date
5. Predecessors
6. Resources
7. Percent Complete
8. Work
9. Cost
10. Milestones
Ques:- What are qualitative and quantitative research methods
Right Answer:
Qualitative research methods focus on understanding concepts, experiences, and meanings through interviews, focus groups, and observations. Quantitative research methods involve collecting numerical data that can be analyzed statistically, often using surveys and experiments to measure variables and identify patterns.
Ques:- What tools are commonly used for market research
Right Answer:
Common tools used for market research include surveys (like SurveyMonkey), focus groups, interviews, Google Trends, social media analytics, and data analysis software (like SPSS or Tableau).
Ques:- What is SWOT analysis and how is it used in research
Right Answer:
SWOT analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats of a business or project. In research, it helps in understanding the internal and external factors that can impact decision-making and strategy development.
Ques:- What is data analysis in market research
Right Answer:
Data analysis in market research is the process of systematically examining and interpreting data collected from surveys, focus groups, or other sources to identify trends, patterns, and insights that inform business decisions and strategies.
Ques:- What is the difference between primary and secondary research
Right Answer:
Primary research involves collecting new data directly from sources, such as surveys or interviews, while secondary research involves analyzing existing data that has already been collected by others, such as reports or studies.
Ques:- Choose a city and estimate how many piano tuners operate a business there?
Right Answer:
To estimate the number of piano tuners in a city, you can use the following method:

1. Determine the population of the city. For example, let's say the city has 1,000,000 residents.
2. Estimate the number of households. If the average household size is 2.5 people, there would be about 400,000 households.
3. Estimate the percentage of households that own pianos. If about 1 in 10 households has a piano, that would be 40,000 pianos.
4. Estimate how often a piano is tuned per year. If each piano is tuned twice a year, that results in 80,000 tunings annually.
5. If a piano tuner can tune about 3 pianos a day and works 250 days a year, they can tune about 750 pianos a year.
6. Divide the total tunings by the number of tunings a tuner can do: 80,000 tunings /
Ques:- what does FTP and TFTP stands for ?
Comments
Admin May 17, 2020

File Transfer Protocol.. It is used for transmitting files
over network..Its port number 21.
Trivial File Transfer Protocol...

Admin May 17, 2020

file transfer protocol

Ques:- 1.what is ram , hard disk ,processor,motherboard ,bios and use of
Comments
Admin May 17, 2020

bios means basic input output system not setup

Admin May 17, 2020

RAM - RAm means Random Access Memoty, which is also called
the primary or main memory. Data is temporarily stored in
this memory.It is a volatile memory.
Hard Disk: It is one kind of secondary storage device. All
kinds of data are stored in different drives of the Hard
disk.
Processor: It can be said the central nervous system of the
computer. It can also be called CPU (Central Processing
Unit) which mainly consists of two units - ALU ( Arithmatic
and Logical Unit) and CU ( Control Unit). All kinds of
Arithmatic and logical operation are coordinated by this
section of a computer system.
Motherboard: The motherboard is a circuit board on which
all the discrete components like processor, HDD, FDD, Sound
card or VGA card etc are attached. Now a days,many
components are made built-in to the motherboard.
BIOS: Basic Input Output Setup, stored in ROM in a PC

Ques:- The general manager of a popular ski resort has called on you to help her figure out why her resort has been experiencing declining profits over the past three years. How would you help her?
Right Answer:
I would analyze the resort's financial data, review customer feedback, assess competition, evaluate pricing strategies, examine operational costs, and investigate marketing effectiveness. Then, I would identify key areas for improvement and recommend actionable strategies to enhance customer experience, reduce costs, and increase revenue.
Ques:- How will you sell a fridge to an Eskimo?
Right Answer:
I would focus on the unique features of the fridge, such as its ability to keep food fresh and organized, and emphasize how it can help store perishable items efficiently, making life easier and more convenient even in a cold environment.
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