Preview Questions Documentation Specialist | Role Specific Skill

Question 1: What is the most critical aspect when managing large datasets in BFSI to ensure data accuracy and consistency?

Which action should you take?

Choose only one option

Using automated data entry software

Implementing data normalization techniques

Relying solely on manual entry

Storing data in physical files

Question 2: Which of the following is the most secure method for distributing financial documents across departments in compliance with GDPR regulations in BFSI?

Which action should you take?

Choose only one option

Allow departments to retrieve documents from a centralized shared drive

Distribute documents via unsecured email for quick delivery

Use encrypted email or secure file transfer protocols for document distribution

Print documents and distribute via inter-office mail

Question 3: What is the best approach to managing the retrieval of legal documents in a BFSI firm?

Which action should you take?

Choose only one option

Using metadata tagging and OCR for quick indexing

Relying on physical document requests from clients

Allowing employees to access documents without restrictions

Storing only hard copies of legal documents

Question 4: Which data structure is most appropriate for organizing documents in a BFSI document retrieval system to ensure both speed and security?

Which action should you take?

Choose only one option

Use a spreadsheet to track document storage locations

Store documents as flat files with no security measures

Store documents in paper files and manually index them

Use a relational database management system (RDBMS) with secure access control

Question 5: Which of the following actions would violate compliance with anti-money laundering (AML) regulations in BFSI?

Which action should you take?

Choose only one option

Keeping transaction records updated in a secure system

Performing due diligence on all customers during account opening

Filing regular reports on customer account activities

Failing to report suspicious activities to authorities

Question 6: How can you improve the efficiency of document retrieval in the context of regulatory compliance in BFSI?

Which action should you take?

Choose only one option

Store all documents in offline physical archives only

Implement a digital document retrieval system with audit trails

Use manual checks for every document retrieval

Distribute documents without any tracking mechanisms