Preview Questions Operations Manager | Role Specific Skill

Question 1: In managing credit risk during a loan origination process, which method is most effective for risk mitigation?

Which action should you take?

Choose only one option

Relying only on automated credit scoring

Approving loans with minimal documentation to expedite the process

Rejecting all loan applications with high-risk scores

Using a combination of credit scoring models and manual reviews for high-risk applicants

Question 2: How does the use of stress testing help mitigate systemic risk in BFSI institutions during financial crises?

Which action should you take?

Choose only one option

By ignoring external financial indicators and focusing only on internal performance

By focusing solely on minimizing regulatory compliance costs

By evaluating how extreme market conditions could affect the overall stability of the financial system

By implementing basic risk assessments without evaluating worst-case scenarios

Question 3: In a BFSI setting, how can diverse teams be effectively managed to improve overall productivity and innovation?

Which action should you take?

Choose only one option

By focusing only on hiring individuals with similar backgrounds and work styles

By centralizing decision-making to limit potential disagreements

By creating separate teams for different demographic groups to avoid conflict

By fostering an inclusive environment where different perspectives are valued and promoted

Question 4: In a BFSI environment, how can Operations Managers effectively manage team workload during periods of high demand?

Which action should you take?

Choose only one option

By pushing all team members to their maximum capacity without considering burnout risks

By distributing the workload equally without considering team members' individual capabilities

By prioritizing tasks, reallocating resources, and ensuring proper delegation among team members

By reducing team interaction and communication to minimize time wastage

Question 5: What is the role of internal audits in the risk mitigation framework of a BFSI institution?

Which action should you take?

Choose only one option

Internal audits are used only after a significant risk event has occurred

Internal audits help identify and rectify potential risk exposure areas by evaluating internal controls

Internal audits are focused on financial risks only, without evaluating other aspects of operations

Internal audits are used solely for compliance purposes without addressing operational risks

Question 6: Which of the following resource management strategies would be most effective in ensuring consistent performance across various teams in a financial institution?

Which action should you take?

Choose only one option

Establishing rigid work schedules

Daily performance monitoring

Resource leveling to ensure optimal distribution

Increasing resource utilization by reducing downtime