It's all about expectations

I am assimilating to my new job role here and have been trying very hard to pick up what I have to do here but did not have prior experience in my previous role.  There are many new things waiting for me to learn.  I'm interested in knowing them but I hope I have sufficient time to know and learn them.  I know my boss wants me to know my job scope and get things going as soon as possible and I don't wanna fall short of her expectations.  I just need more time and perhaps, a few cycles of hands-on experience for me to get the hang of it.  This role is definitely an interesting one and I hope I can live up to my boss' expectations and my own expectations as well.

I'm recalling an impromptu question brought up during work yesterday.  My boss puts forward a question to me: If I enter into a basis swap which I pay USD1M and receive USD3M, where would the spreads be added to?  I did know the answer if I had thought it over calmly but I just can't help but panic when the question was suddenly brought up.  I think my inability to answer at that point in time has caused some discomfort and raised an eyebrow in my boss.  This is probably one of the fundamental questions a market risk analyst must be able to answer at the snap of the fingers!  What was I doing?!