Tackling tricky competency questions

I was wondering how you would approach some of these trickier competency questions? I have no experience in IB, so this is proving to be difficult for me to figure the "right" answer.

1) What do you think an investment banker/analyst does on a daily basis? 

2) Let's say you were giving a presentation to a client and suddenly notice some mistakes in the calculations, what do you do?

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