Apex Group Associate Vice President Interview Questions and Answers for Experienced

KYC stands for Know Your Customer, a process used by financial institutions to verify the identity of their clients.

• KYC is a regulatory requirement to prevent money laundering and fraud.

• It involves collecting personal information and verifying it through documents like ID cards, passports, and utility bills.

• Financial institutions use KYC to assess the risk of doing business with a particular customer.

• KYC also helps in ...read more

Waterfall distribution is a method of distributing profits or funds to different levels of investors or stakeholders in a sequential manner.

• Profits or funds are first distributed to the highest level investors before moving down to lower level investors.

• This distribution method ensures that higher level investors receive their share of profits before lower level investors.

• Waterfall distribution is commonly used in priv

Equalisation is the process of making things equal or balanced.

• Equalisation is the act of ensuring fairness or balance in a particular situation.

• It can involve adjusting resources, opportunities, or treatment to achieve equality.

• For example, in education, equalisation may involve providing additional support to students from disadvantaged backgrounds.

• In finance, equalisation may refer to the process of distributing pro...read more