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Hi Anjali
Here you have to come up with something or you strain credibility. Make it small, well intentioned about mistakes with a positive lesson learnt. An example would be working too far ahead of colleagues on a project and thus throwing off the coordination.
Be sure that you refer to something that was beyond your control. Show acceptance and no negative feelings.
You may like to structure your answer in three parts.
First, what was/were the mistake/s and why did it occur? It is important that you take ownership of these mistakes and do not blame anybody else. This part may form about 20-25% of your answer.
Second, what corrective action, if any, did you take to rectify it? This part may be about another 20-25% of your answer.
Finally, what have you learnt about yourself from these mistakes and how will this help you to prevent similar mistakes in future? This last part is the most important one and should be about 50-60% of your answer.
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