Business Analyst Credit Risk Assessment Test

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| By Cripstwick
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  • 1/10 Questions

    ______is bachelor  degree relevant to a Business Analyst

    • Accounting
    • Geography
    • Biology
    • Agricultural science
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About This Quiz

As a Business Analyst for Credit Risk, you have to develop strategies for the requirements of your enterprise's customers for Repos, Securitization, and Traditional Credit Products (TCP). To find out more, take this assessment test to see if you qualify as a Business Analyst for Credit Risk.

Business Analyst Credit Risk Assessment Test - Quiz

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  • 2. 
    Business Analyst for Credit Risk  reviews and assesses the financial history of a person or company to determine if they are good candidate for loan - ProProfs

    Business Analyst for Credit Risk  reviews and assesses the financial history of a person or company to determine if they are good candidate for loan

    • True

    • False

    • Often true

    • Not really

    Correct Answer
    A. True
    Explanation
    A Business Analyst for Credit Risk is responsible for evaluating the financial history of individuals or companies to determine their eligibility for a loan. This involves reviewing and assessing their credit history, income, assets, and other relevant financial information. By analyzing this data, the Business Analyst can determine if the person or company is a good candidate for a loan. Therefore, the statement "True" is correct as it accurately describes the role of a Business Analyst for Credit Risk.

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  • 3. 
    A credit analyst can work in all the following except______ - ProProfs

    A credit analyst can work in all the following except______

    • Farm

    • Bank

    • Insurance firm

    • Financial company

    Correct Answer
    A. Farm
    Explanation
    A credit analyst is responsible for assessing the creditworthiness of individuals or businesses and determining their ability to repay loans or credit. While a credit analyst can work in various industries such as banking, insurance, and financial companies, it is unlikely for them to work in a farm. Farming typically does not involve extensive credit analysis or lending activities, making it an exception to the other options provided.

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  • 4. 
    All the following are required for credit loan except - ProProfs

    All the following are required for credit loan except

    • Collateral

    • Child information

    • Personal information

    • Income information

    Correct Answer
    A. Child information
    Explanation
    Credit loans typically require collateral, personal information, and income information to assess the borrower's creditworthiness and ability to repay the loan. However, child information is not relevant in this context as it does not directly impact the borrower's creditworthiness or ability to repay the loan. Therefore, child information is not required for credit loans.

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  • 5. 
    Which of the following is not likely to come the way of a Business Analyst for Credit Risk professional - ProProfs

    Which of the following is not likely to come the way of a Business Analyst for Credit Risk professional

    • Sharing risk

    • Financial risk

    • Credit risk

    • Loan risk

    Correct Answer
    A. Sharing risk
    Explanation
    A Business Analyst for Credit Risk professional is not likely to come across "Sharing risk" as a responsibility. The role of a Business Analyst for Credit Risk professional primarily involves analyzing financial risk, credit risk, and loan risk. Sharing risk typically refers to the practice of distributing or transferring risk among multiple parties, which is not a specific task or responsibility of a Business Analyst for Credit Risk professional.

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  • 6. 
    _____ is a specialist in credit risk analysis - ProProfs

    _____ is a specialist in credit risk analysis

    • Money man

    • Lender

    • Business Analyst for Credit Risk

    • None of the above

    Correct Answer
    A. Business Analyst for Credit Risk
    Explanation
    A business analyst for credit risk is a professional who specializes in analyzing and assessing the credit risk associated with lending money or extending credit to individuals or businesses. They are responsible for evaluating the financial health and creditworthiness of borrowers, identifying potential risks and mitigating strategies, and providing recommendations to minimize the risk of default. This role requires expertise in financial analysis, risk assessment, and knowledge of lending practices and regulations. The other options, "Money man" and "Lender," do not specifically indicate a specialization in credit risk analysis, making "Business Analyst for Credit Risk" the correct answer.

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  • 7. 
    Which of these will you recommend to a Business Analyst for Credit Risk professional - ProProfs

    Which of these will you recommend to a Business Analyst for Credit Risk professional

    • Corel draw

    • Ms Office

    • Painting

    • Graphics

    Correct Answer
    A. Ms Office
    Explanation
    A Business Analyst for Credit Risk professional would benefit from using Ms Office because it includes a suite of software applications such as Word, Excel, and PowerPoint that are commonly used in business environments. These tools can assist the analyst in creating reports, analyzing data, and presenting findings to stakeholders. Additionally, Ms Office offers features like data manipulation, charting, and data visualization, which are essential for analyzing and managing credit risk.

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  • 8. 
    A Business Analyst for Credit Risk professional must have sound knowledge in the following areas except - ProProfs

    A Business Analyst for Credit Risk professional must have sound knowledge in the following areas except

    • Tax accounting rules

    • Credit products

    • General finance

    • Knowledge based

    Correct Answer
    A. Knowledge based
    Explanation
    A Business Analyst for Credit Risk professional must have sound knowledge in tax accounting rules, credit products, and general finance. However, they do not necessarily need knowledge based on a specific topic or subject. The term "knowledge based" is vague and does not provide any specific information about the areas of expertise required for a Business Analyst in Credit Risk. Therefore, it is not necessary for a Business Analyst to have knowledge based on a particular topic.

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  • 9. 
    The following skills are relevant to a Business Analyst for Credit Risk professional except - ProProfs

    The following skills are relevant to a Business Analyst for Credit Risk professional except

    • Accounting skills

    • People skills

    • Computing skills

    • General skills

    Correct Answer
    A. People skills
    Explanation
    A Business Analyst for Credit Risk professional requires various skills to excel in their role. Accounting skills are essential for analyzing financial data and assessing credit risk. Computing skills are necessary for utilizing software and tools for data analysis and modeling. General skills such as problem-solving and communication are also important. However, people skills are not directly relevant to credit risk analysis. This refers to interpersonal skills such as leadership, teamwork, and negotiation, which may be important in other aspects of the job but not specifically in credit risk analysis.

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  • 10. 
    The Business Analyst for Credit Risk is position designed to assess candidates in the following areas of risk management techniques except - ProProfs

    The Business Analyst for Credit Risk is position designed to assess candidates in the following areas of risk management techniques except

    • Spending

    • Repos

    • Credit risk business

    • Detail business

    Correct Answer
    A. Spending
    Explanation
    The given answer is "Spending". The question is asking for the area of risk management techniques that is not assessed for the position of Business Analyst for Credit Risk. Therefore, the correct answer suggests that the position does not involve assessing candidates' knowledge or skills in the area of spending as a risk management technique.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 20, 2018
    Quiz Created by
    Cripstwick
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