Business Analyst Questions

Q:

What does INVEST stand for?

Answer

INVEST stands for Independent, Negotiable, Value, Estimable, Sized Appropriately and Testable. It is a tool designed to assist technical teams and deliver quality products.

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Q:

What documents should be delivered by a Business Analyst should deliver?

Answer

The documents that a business analyst should deliver are functional specification documents, technical specification documents, Requirements traceability, BRD (business requirements document), Use case diagrams and Business flow documents.

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Q:

Which of these phrases best describes the business cycle?

A) The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line B) A recurring cycle of booms and busts, recoveries and recessions
C) A system of managing the economy by increasing or decreasing the supply of money D) A system of managing the economy by increasing or decreasing federal expenditures
 
Answer & Explanation Answer: B) A recurring cycle of booms and busts, recoveries and recessions

Explanation:
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Filed Under: Business Analyst
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which of the following is NOT true about enterprise systems?

A) The software is expressly built to allow companies to mimic their unique business practices B) The software includes analytical tools to evaluate overall organization performance
C) They help firms respond rapidly to customer requests for info or products D) The data have standardized definitions and formats that are accepted by the entire organization
 
Answer & Explanation Answer: A) The software is expressly built to allow companies to mimic their unique business practices

Explanation:

Enterprise systems (ES) are large-scale application software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

 

Here option A) The software is expressly built to allow companies to mimic their unique business practices is not TRUE about enterprise systems.

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Filed Under: Business Analyst
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , IT Trainer

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Q:

Examples of networking in business.

A) Online/social media networks B) Community service clubs
C) Strong contact networks D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

 

Examples of Business networks are ::

1. Casual contact networks

2. Strong contact networks

3. Community service clubs

4. Professional associations

5. Online/social media networks.

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Filed Under: Business Analyst
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

A low trough is indicative of

A) the start of a depression B) the end of a recession
C) a serious depression D) a growing recession
 
Answer & Explanation Answer: D) a growing recession

Explanation:

A low trough is indicative of "a growing recession" since a trough indicates a general change in the business cycle, which can have varying degrees of importance. A recession could be an important decline in economic activity that goes on for quite many months.

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Filed Under: Business Analyst
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

How many steps are in the system development life cycle?

A) 3 B) 4
C) 5 D) 6
 
Answer & Explanation Answer: D) 6

Explanation:

The process of System development life cycle goes through a series of stages in step wise fashion that almost every developing company follows.

Known as the 'software development life cycle,' these six steps include:

 

1. Planning

2. Analysis

3. Design

4. Development & implementation

5.Testing & deployment and

6. Maintenance.

 

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Filed Under: Business Analyst
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

A trough in the business cycle occurs when

A) economy is transitioning from a period of decline to a period of expansion B) economy is transitioning from a period of expansion to a period of contraction
C) economy is transitioning from a period of expansion to a period of decline D) None of the above
 
Answer & Explanation Answer: A) economy is transitioning from a period of decline to a period of expansion

Explanation:
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Filed Under: Business Analyst
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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