Preview Questions Business Development Executive | Role Specific Skill

Question 1: Which data analytics technique is crucial for identifying high-potential leads in BFSI?

Which action should you take?

Choose only one option

Predictive analytics to score and prioritize leads based on behavior and demographic data

Focusing only on lead volume rather than lead quality

Using historical data alone to identify potential clients

Random sampling of prospects without analyzing customer behavior

Question 2: What is the primary challenge when implementing a sales funnel in the BFSI sector?

Which action should you take?

Choose only one option

Attracting initial leads through generic marketing efforts

Tracking clients in the funnel without any automated systems

Converting highly-qualified leads into actual sales

Focusing too much on customer retention rather than acquisition

Question 3: Which factor is critical when choosing data sources for BFSI market research?

Which action should you take?

Choose only one option

Complexity of analysis

Volume of data

Cost of data

Data relevance

Question 4: How can BFSI firms leverage social media analytics for market research?

Which action should you take?

Choose only one option

To identify product opportunities

To track customer complaints

To forecast industry trends

To benchmark against competitors

Question 5: How can Business Development Executives leverage industry trends to strengthen client relationships in BFSI?

Which action should you take?

Choose only one option

By only focusing on historical data that has no direct relevance to clients' future needs

By avoiding discussions of trends to maintain consistency in offerings

By providing clients with up-to-date insights and solutions based on current trends

By limiting client interactions to quarterly meetings

Question 6: What is the significance of lead nurturing in the BFSI industry?

Which action should you take?

Choose only one option

Builds trust and long-term relationships

Reduces customer acquisition costs

Increases sales team productivity

Enhances compliance with regulations