AssetVantage Systems Interview Questions and Answers

Q1. What design pattern you usually used?
Ans. 
I usually use the MVC (Model-View-Controller) design pattern in my projects.
• Separates the application into three main components: Model (data), View (UI), and Controller (logic)

• Promotes code reusability, modularity, and maintainability

• Examples: Laravel framework in PHP, Spring framework in Java
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Q2. What is the difference between array and arraylist
Ans. 
Array is a fixed-size data structure while ArrayList is a dynamic-size data structure in Java.
• Array is a fixed-size collection of elements of the same data type, while ArrayList is a dynamic-size collection that can grow or shrink.

• Arrays can store primitive data types and objects, while ArrayList can only store objects.

• Arrays require a specified size during initialization, while ArrayList can dynamically resize itself.

• ...read more
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Asked to write a bank application - which includes adding,removing,transferring of money

Basic ques on speed distance

Easy level question based on DSA

Q1. What is contructor
Ans. 
A constructor is a special type of method in a class that is automatically called when an object of that class is created.
• Constructors have the same name as the class they belong to

• They are used to initialize the object's state

• Constructors can have parameters to customize the initialization process
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Q2. What is deadlock
Ans. 
Deadlock is a situation in which two or more processes are unable to proceed because each is waiting for the other to release a resource.
• Occurs in multitasking environments

• Caused by a circular wait, hold and wait, no preemption, and mutual exclusion

• Examples include two processes waiting for each other to release a lock or resource
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Q3. Threads in java
Ans. 
Threads in Java allow for concurrent execution of multiple tasks within a single program.
• Threads are lightweight sub-processes within a program.

• They allow for parallel execution of tasks, improving performance.

• Java provides built-in support for creating and managing threads using the Thread class.

• Example: Creating a new thread - Thread myThread = new Thread(() -> { // task to be executed });

• Example: Starting a thread -
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Q4. Diff between string builder an buffer
Ans. 
String Builder is mutable, String Buffer is synchronized.
• String Builder is faster as it is not synchronized.

• String Buffer is thread-safe, String Builder is not.

• String Builder should be used in single-threaded environments, String Buffer in multi-threaded.

• Example: StringBuilder sb = new StringBuilder(); StringBuffer buff = new StringBuffer();
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Q1. Based on Resume
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Q1. Costing and Taxation Knowledge
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Q1. My job profile and work experience
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Q2. Product
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Q1. Risks in Hiring process?
Ans. 
Risks in hiring process include making a poor cultural fit, hiring unqualified candidates, and potential legal issues.
• Poor cultural fit can lead to decreased morale and productivity

• Hiring unqualified candidates can result in poor performance and high turnover rates

• Potential legal issues such as discrimination or wrongful termination can lead to costly lawsuits
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Q2. Tell me about yourself
Ans. 
I am a dedicated and hardworking individual with a passion for accounting and finance.
• Completed Bachelor's degree in Accounting

• Currently pursuing CPA certification

• Interned at a local accounting firm for 1 year

• Proficient in Microsoft Excel and QuickBooks
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Q1. Prepaid expenses entry
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Q2. Basic accounting question
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