Add office photos
Employer?
Claim Account for FREE

AIS Business Solutions

3.5
based on 57 Reviews
Filter interviews by

ACG Worldwide Interview Questions and Answers

Updated 10 Jul 2024

Q1. What is the secured loan and unsecured loan, what is the insolvency

Ans.

Secured loans are backed by collateral while unsecured loans are not. Insolvency is a financial state where a person or company is unable to pay their debts.

  • Secured loans require collateral such as a house or car, while unsecured loans do not.

  • In case of default, the lender can seize the collateral for secured loans.

  • Unsecured loans are based on creditworthiness and may have higher interest rates.

  • Insolvency is a state where a person or company is unable to pay their debts and m...read more

Add your answer

Q2. What is bankrupty, what is mortgage

Ans.

Bankruptcy is a legal process where a person or business is unable to repay their debts. Mortgage is a loan taken to buy a property.

  • Bankruptcy is a legal process where a person or business declares that they are unable to repay their debts

  • The court may liquidate the assets of the debtor to pay off the creditors

  • Mortgage is a loan taken to buy a property, where the property is used as collateral

  • The borrower pays back the loan with interest over a period of time

  • If the borrower f...read more

Add your answer

Q3. What is Bankruptcy? Explain in detail

Ans.

Bankruptcy is a legal process where an individual or business is unable to repay their debts and seeks relief from their creditors.

  • Bankruptcy is a legal status that can be filed voluntarily or involuntarily.

  • It allows individuals or businesses to eliminate or repay their debts under the protection of the court.

  • There are different types of bankruptcy, including Chapter 7, Chapter 11, and Chapter 13.

  • Bankruptcy can have long-term consequences on credit scores and financial reputa...read more

Add your answer

Q4. Meaning of secured loan and it' s example

Ans.

Secured loan is a type of loan that is backed by collateral, reducing the risk for the lender.

  • Secured loan requires collateral, such as a house or car, to secure the loan

  • If the borrower fails to repay the loan, the lender can take possession of the collateral

  • Interest rates on secured loans are typically lower than unsecured loans due to reduced risk for the lender

Add your answer
Discover ACG Worldwide interview dos and don'ts from real experiences

Q5. Meaning of mortgages and depreciation

Ans.

Mortgages are loans used to purchase real estate, while depreciation is the decrease in value of assets over time.

  • Mortgages are long-term loans used to finance the purchase of real estate properties.

  • Depreciation is the decrease in value of assets over time due to wear and tear, obsolescence, or other factors.

  • Mortgages typically have fixed or adjustable interest rates and are secured by the property being purchased.

  • Depreciation is important for financial analysis as it impacts...read more

Add your answer

Q6. What is depreciation

Ans.

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

  • Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

  • It is calculated by dividing the cost of the asset by its useful life.

  • There are different methods of calculating depreciation, such as straight-line, declining balance, and sum-of-the-years-digits.

  • Examples of assets that can be depreciated include buildings, vehicles, and mac...read more

Add your answer
Contribute & help others!
Write a review
Share interview
Contribute salary
Add office photos
Interview Tips & Stories
Ace your next interview with expert advice and inspiring stories

Top Interview Questions from Similar Companies

4.0
 • 463 Interview Questions
3.4
 • 389 Interview Questions
3.7
 • 337 Interview Questions
4.1
 • 247 Interview Questions
3.7
 • 135 Interview Questions
3.9
 • 135 Interview Questions
View all
Top AIS Business Solutions Interview Questions And Answers
Share an Interview
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
70 Lakh+

Reviews

5 Lakh+

Interviews

4 Crore+

Salaries

1 Cr+

Users/Month

Contribute to help millions
Get AmbitionBox app

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter