10+ Accenture Intern Interview Questions and Answers for Freshers

Determining the price to pay to a housing society for their garbage collection and sale to 5 different vendors while making a 20% profit.

• Calculate the cost of collecting and transporting the garbage

• Research the market prices for each type of waste material

• Determine the profit margin required

• Calculate the selling price to each vendor based on market prices and profit margin

• Determine the price to pay to the society members based on the cost and profit margin

• Consider negotiating...read more

Create a digital marketing campaign targeting tourists and potential customers outside Jaipur.

• Create a website and social media pages to showcase the unique perfumes and their ingredients.

• Partner with local hotels and travel agencies to promote the perfumes to tourists.

• Offer discounts or promotions for customers who refer their friends and family.

• Create a loyalty program to incentivize repeat customers.

• Consider expanding the product line to include other unique scents.

• Collect...read more

The current inflation and exchange rate of our economy is concerning.

• The inflation rate has been steadily increasing over the past few months.

• The exchange rate has been fluctuating a lot, making it difficult for businesses to plan ahead.

• The government needs to take steps to stabilize the economy and prevent further damage.

• Rising inflation and a weak exchange rate can lead to a decrease in purchasing power and a decrease in foreign investment.

Improving infrastructure, reducing bureaucracy, and providing incentives can promote business.

• Investing in better transportation, communication, and energy systems can improve business operations and attract investors.

• Streamlining bureaucratic processes and reducing red tape can make it easier for businesses to start and operate.

• Providing tax breaks, subsidies, and other incentives can encourage businesses to invest and expand.

• Encouraging innovation and entrepreneurship throu...read more

I enjoyed studying economics the most in my first term. Economies of scale occur when production costs decrease as output increases. However, after a certain volume, costs increase due to diminishing returns.

• Economies of scale refer to the cost advantages that a business can achieve by increasing production output.

• As production increases, fixed costs are spread over a larger output, resulting in lower average costs.

• However, after a certain point, the benefits of economies of ...read more

Increasing the number of bank accounts of a public sector bank

• Offer attractive interest rates and benefits to customers

• Expand the bank's reach by opening new branches in untapped areas

• Partner with businesses and offer exclusive banking services to their employees

• Launch targeted marketing campaigns to attract new customers

• Provide excellent customer service to retain existing customers

Commoditizing perfume sold at Jaipur City Palace used by the royal family.

• Create a brand around the perfume with a unique name and packaging

• Offer different sizes and variations of the perfume

• Sell the perfume online and in retail stores

• Collaborate with popular influencers to promote the perfume

• Offer limited edition versions of the perfume

• Create a loyalty program for customers

• Offer discounts and promotions to attract customers

• Use social media to create buzz and awareness about ...read more

It is difficult to estimate the exact number of customers gained by Flipkart due to the Big Billion Day sale.

• Flipkart reported a 65% increase in new customers during the sale period.

• The company claimed to have sold 10 million products in the first hour of the sale.

• Many customers may have made repeat purchases due to the attractive discounts.

• The sale may have also attracted customers who were previously loyal to other e-commerce platforms.

• The number of customers gained may als...read more

Harry Markowitz model is a portfolio optimization model that helps investors to minimize risk and maximize returns.

• The model uses diversification to minimize risk

• It considers the correlation between assets

• It helps investors to find the optimal portfolio

• Other models to measure risk include the Capital Asset Pricing Model (CAPM) and the Fama-French Three-Factor Model

• CAPM measures the expected return of an asset based on its risk

• Fama-French Three-Factor Model considers three fac...read more

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The golden rules include the principles of Debit and Credit, which are the foundation of double-entry accounting.

• Debit the receiver, credit the giver.

• Debit what comes in, credit what goes out.

• Debit expenses and losses, credit income and gains.

• Debit assets, credit liabilities and equity.

• These rules ensure that the accounting equation (Assets = Liabilities + Equity) re...read more

ABC Analysis is a technique used in inventory management to categorize items based on their importance.

• Items are categorized into three groups: A, B, and C.

• Group A items are the most important and require the most attention.

• Group C items are the least important and require the least attention.

• The analysis is based on the Pareto principle, which states that 80% of the effects come from 20% of the causes.

• ABC Analysis helps in optimizing inventory management and reducing costs.

Inheritance is the mechanism by which a class can inherit properties and behavior from another class, while polymorphism allows objects of different classes to be treated as objects of a common superclass.

• Inheritance involves creating a new class based on an existing class, where the new class inherits the attributes and methods of the existing class.

• Polymorphism allows objects of different classes to be treated as objects of a common superclass, enabling flexibility and reus...read more

OOPS stands for Object-Oriented Programming System

• OOPS is a programming paradigm based on the concept of objects, which can contain data in the form of fields and code in the form of procedures.

• It allows for the creation of reusable code and promotes modular design.

• Examples of OOPS languages include Java, C++, and Python.

Normalization is the process of organizing data in a database to reduce redundancy and improve data integrity.

• Normalization involves breaking down data into smaller, more manageable tables.

• It helps in reducing data redundancy by storing data in a structured manner.

• Normalization ensures data integrity by minimizing the chances of inconsistencies.

• There are different normal forms such as 1NF, 2NF, 3NF, and BCNF.

• Example: In a database of students and courses, normalization would ...read more

In 5 years, I expect to have gained significant experience and expertise in my field, and to have taken on more leadership roles.

• I hope to have advanced in my career and taken on more responsibilities

• I plan to continue learning and developing new skills

• I aim to have built strong relationships with colleagues and clients

• I would like to have made a positive impact on the company or organization I work for

Oops stands for Object-Oriented Programming. It is a programming paradigm based on the concept of objects, which can contain data in the form of fields and code in the form of procedures.

• Oops is a programming paradigm that focuses on objects and classes.

• It allows for encapsulation, inheritance, and polymorphism.

• Examples of Oops languages include Java, C++, and Python.