AXA Business Services Process Associate Interview Questions and Answers

It is easy basic questions related to Accounts, Excel and insurance.

Q1. What is insurance?
Ans. 
Insurance is a contract between an individual and an insurance company where the individual pays premiums in exchange for financial protection against potential losses.
• Insurance is a form of risk management to protect against financial loss.

• Types of insurance include health, life, auto, home, and travel insurance.

• Premiums are paid by the insured to the insurance company in exchange for coverage.

• Insurance policies outli...read more
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Q2. What is type of insurance?
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Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.
• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• Types of insurance include life insurance, health insurance, auto insurance, home insurance, and more.

• Insurance helps individuals and businesses manage risk by transferring it to the insurance company.

• Premiums...read more
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Q3. What is Vlook up?
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VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value from another column.
• VLOOKUP stands for 'Vertical Lookup'

• It is commonly used in Excel to search for a value in the leftmost column of a table and return a value in the same row from a specified column

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searc...read more
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Q1. Tell me about yourself
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Q2. Basic HR questions
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Q1. There was two rounds and it was easy
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Q2. About previous company and responsibilities
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Q1. Tell me about your self
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Q1. Job role, salary expectation, shift timing.
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Excel related questions

Q1. General accounting, tax, real estate
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Q1. Tell me about your self
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Q1. Introduction and education background
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Q1. Please introduce yourself.
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Q2. What is the journal entry for Sale, Purchase, depreciation.
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Journal entry for Sale, Purchase, depreciation
• Sale: Debit Accounts Receivable/Cash, Credit Sales Revenue

• Purchase: Debit Inventory, Credit Accounts Payable/Cash

• Depreciation: Debit Depreciation Expense, Credit Accumulated Depreciation
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Q3. How prepaid expenses are shown in accrual accounting concept?
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Prepaid expenses are shown as assets on the balance sheet in accrual accounting concept.
• Prepaid expenses are initially recorded as assets on the balance sheet when paid in advance.

• They are gradually expensed over time as the benefit is received.

• As the prepaid expense is consumed, it is recognized as an expense on the income statement.

• Examples include prepaid rent, insurance premiums, and prepaid subscriptions.
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Q4. Explain formulae of Excel - Sumif, Vlookup and Pivot table
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Sumif adds up values based on a single condition, Vlookup searches for a value in a table and returns a corresponding value, Pivot table summarizes data from a larger table
• Sumif formula: =SUMIF(range, criteria, [sum_range])

• Vlookup formula: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Pivot table: used to summarize, analyze, explore, and present data
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Q5. How do you see your future in next 2-5 years?
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Q1. Typing test should be 35wpm
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Q1. Basic information about your cv
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