30+ Physicswallah Interview Questions and Answers

NAV is Net Asset Value, calculated by subtracting liabilities from assets. Mortality charges vary. AUM means Assets Under Management.

• NAV is the value of a mutual fund's assets minus its liabilities

• It is calculated by dividing the total value of assets by the number of outstanding shares

• Mortality charges vary based on the age and health of the insured

• AUM refers to the total value of assets that a financial institution manages on behalf of clients

The bank follows a strict process when fake notes are found on the counter.

• Immediately inform the customer that the note is fake and cannot be accepted

• Retain the fake note and provide a receipt to the customer

• Inform the branch manager and the local police authorities

• Fill out a Suspicious Transaction Report (STR) and submit it to the concerned authorities

• Train the staff to identify fake notes and conduct regular checks on cash counters

• Ensure that the CCTV footage is preserved ...read more

Factors such as GDP growth, inflation rates, government policies, and global trade relations can affect India's economy.

• GDP growth rate: Higher growth rates indicate a strong economy, while lower rates may signal a slowdown.

• Inflation rates: High inflation can erode purchasing power and affect consumer spending.

• Government policies: Changes in policies related to taxation, subsidies, and regulations can impact businesses and investors.

• Global trade relations: Trade agreements, t...read more

The digital shift in the world will revolutionize the banking system, offering convenience and efficiency to customers.

• Increased use of online banking platforms and mobile apps for transactions

• Implementation of AI and machine learning for personalized customer experiences

• Enhanced cybersecurity measures to protect customer data

• Introduction of digital currencies like Bitcoin impacting traditional banking services

To handle fake notes, check for security features and politely inform the customer. For customer service, listen actively and provide solutions.

• For fake notes, check for security features like watermarks, security thread, and color-shifting ink.

• Politely inform the customer that the note is fake and cannot be accepted.

• For customer service, listen actively to the customer's concerns and provide solutions.

• Apologize for any inconvenience caused and offer compensation if necessary...read more

Bank repo and reverse repo rates are tools used by central banks to control the money supply and inflation.

• Repo rate is the rate at which the central bank lends money to commercial banks.

• Reverse repo rate is the rate at which the central bank borrows money from commercial banks.

• These rates are used to control the money supply and inflation by influencing the cost of borrowing and lending.

• If the repo rate is high, it becomes more expensive for commercial banks to borrow money ...read more

The full form of RTGS is Real Time Gross Settlement and NEFT is National Electronic Funds Transfer. The cutoff timing and minimum amount varies from bank to bank.

• RTGS is used for high-value transactions and the minimum amount varies from Rs. 2 lakh to Rs. 10 lakh depending on the bank.

• NEFT is used for low-value transactions and the minimum amount varies from Rs. 1 to Rs. 2 lakh depending on the bank.

• The cutoff timing for RTGS and NEFT also varies from bank to bank, but genera...read more

The number of customers handled in portfolio with POS varies depending on the company and industry.

• The number of customers can range from a few hundred to thousands.

• It also depends on the size of the company and the industry they are in.

• For example, a small retail store may only have a few hundred customers in their POS portfolio, while a large bank may have thousands.

• It's important for the Deputy Manager to have experience managing a large number of customers and be able to ...read more

Understanding of job description includes knowledge of roles, responsibilities, tasks, and expectations for the position.

• Understanding the specific duties and responsibilities outlined in the job description

• Knowing the qualifications and skills required for the position

• Being aware of the goals and objectives of the role

• Understanding the reporting structure and relationships within the organization

Yes, v-lookup is a function in Microsoft Excel used to search for specific data in a table.

• V-lookup is used to find a specific value in a table based on a matching criteria.

• It requires four arguments: lookup value, table array, column index number, and range lookup.

• It is commonly used in data analysis and management.

• Example: Using v-lookup to find the price of a product based on its unique ID in a sales table.

To increase business, we need to focus on customer satisfaction and retention while also expanding our reach through targeted marketing.

• Improve customer service and experience to increase satisfaction and retention

• Analyze market trends and target specific demographics through advertising and promotions

• Expand product or service offerings to attract new customers

• Collaborate with other businesses or organizations to reach new audiences

• Utilize social media and online platforms to...read more

To source business and channel partners, I would focus on networking, referrals, and targeted outreach.

• Attend industry events and conferences to meet potential partners and clients

• Leverage existing relationships and ask for referrals

• Identify and reach out to companies or individuals who would benefit from our services

• Utilize social media and online platforms to connect with potential partners

• Offer incentives or partnerships to encourage referrals and collaborations

To handle audit and fake customer, one needs to be vigilant and have proper procedures in place.

• Conduct regular audits to identify any discrepancies or fraudulent activities

• Train employees to identify and handle fake customers

• Have a clear policy in place for handling audits and fake customers

• Maintain accurate records and documentation

• Take immediate action if any suspicious activity is identified

• Communicate with relevant authorities if necessary

Cross selling on behalf of a service involves identifying customer needs and offering relevant additional services or products.

• Understand customer needs and preferences

• Recommend additional services or products that complement the main service

• Provide information on the benefits of the additional offerings

• Offer discounts or promotions to encourage cross selling

• Follow up with customers to ensure satisfaction and repeat business

Clear note policy is a set of guidelines for writing clear and concise notes in a professional setting.

• Clear note policy helps ensure that important information is accurately recorded and easily understood.

• It includes guidelines for formatting, grammar, and spelling.

• Examples of clear note policy in action include taking meeting minutes, documenting client interactions, and recording project updates.

• Following clear note policy can improve communication and productivity in the ...read more

Banks play a crucial role in the financial sector by providing financial services, facilitating economic growth, and managing risks.

• Banks provide a safe place for individuals and businesses to deposit their money.

• They offer various financial products and services such as loans, mortgages, and investment options.

• Banks help in the allocation of capital by providing funds to businesses for expansion and development.

• They play a key role in the payment system by facilitating trans...read more

Selling techniques involve understanding customer needs, building rapport, highlighting product benefits, and closing the sale.

• Understand the customer's needs and preferences

• Build rapport and establish trust with the customer

• Highlight the unique features and benefits of the product

• Overcome objections and address any concerns the customer may have

• Close the sale by asking for the customer's commitment

Banks are financial institutions that provide various services such as accepting deposits, lending money, and facilitating financial transactions.

• Banks accept deposits from individuals and businesses, which can be withdrawn or used for various purposes.

• Banks lend money to individuals and businesses in the form of loans and credit.

• Banks facilitate financial transactions such as wire transfers, issuing checks, and providing debit and credit cards.

• There are different types of ba...read more

I chose Axis Bank over other banks because of its strong reputation, extensive range of products and services, and commitment to customer satisfaction.

• Axis Bank has a solid reputation in the banking industry for its financial stability and ethical practices.

• The bank offers a wide range of products and services, including retail banking, corporate banking, and wealth management, which provides ample opportunities for growth and learning.

• Axis Bank has a strong focus on customer...read more

I have previous experience as a Deputy Manager and I am flexible with shifts.

• I have worked as a Deputy Manager at XYZ company for 3 years

• I have experience in managing teams, handling budgets, and ensuring operational efficiency

• I am willing to work flexible shifts and adapt to changing schedules

• I understand the importance of being available for all shifts to ensure smooth operations

APR is calculated by taking into account the interest rate and any additional fees or charges associated with a loan or credit card.

• APR includes the interest rate as well as any additional fees or charges.

• It is expressed as a percentage and represents the total cost of borrowing over a year.

• APR helps consumers compare the true cost of different financial products.

• For example, if a loan has an interest rate of 5% and a $100 processing fee, the APR would be higher than 5% to re...read more

A cheque is a written order to a bank to pay a specified sum of money from the drawer's account to the payee.

• A cheque is a form of payment that is used to transfer money from one person or organization to another.

• It is a written document that instructs a bank to pay a specific amount of money to the person or organization named on the cheque.

• Cheques typically include information such as the name of the account holder, the account number, the date, and the amount of money to b...read more

Currently working as a Team Lead in a software development company.

• Leading a team of developers to meet project deadlines

• Collaborating with other departments for project requirements

• Providing technical guidance and support to team members

• Participating in client meetings for project updates

• Handling escalations and resolving conflicts within the team

I know the referrer through [source of connection].

• I was referred by [name of referrer] who is a current employee at the company.

• I met the referrer at a networking event and we stayed in touch.

• The referrer is a former colleague of mine from [previous company].

• I was introduced to the referrer by a mutual friend.

• I found out about the job opening through a job posting on [website] and the referrer is the person who posted it.

Banking services refer to the various financial products and services offered by banks to individuals and businesses.

• Banking services include savings accounts, checking accounts, loans, credit cards, and investment services.

• Banks also offer services such as online banking, mobile banking, and ATM services for convenience.

• Customers can access banking services through physical branches, online platforms, or mobile apps.

• Banking services help individuals manage their finances, sa...read more

Software testing is the process of evaluating a software application to ensure it meets specified requirements and functions correctly.

• Software testing involves executing a program or application with the intent of finding software bugs.

• It helps in identifying errors, gaps, or missing requirements in contrary to the actual requirements.

• Types of software testing include unit testing, integration testing, system testing, and acceptance testing.

• Examples of software testing tools...read more

I have a Bachelor's degree in Business Administration and have worked as a Deputy Manager at XYZ Pvt. Ltd.

• Bachelor's degree in Business Administration

• Worked as Deputy Manager at XYZ Pvt. Ltd.

• Managed a team of 10 employees

• Implemented new strategies to increase sales by 20%

• Trained new employees on company policies and procedures

Accounting principles are the guidelines and rules that companies must follow when preparing financial statements.

• Accounting principles ensure consistency and accuracy in financial reporting.

• Examples of accounting principles include the matching principle, revenue recognition principle, and historical cost principle.

• These principles help investors, creditors, and other stakeholders make informed decisions based on the financial information provided by a company.

India's GDP is the total value of all goods and services produced in the country in a year.

• India's GDP for the fiscal year 2020-2021 was $2.87 trillion.

• GDP growth rate is an important indicator of the economic health of a country.

• GDP per capita is calculated by dividing the GDP by the population of the country.

• Different sectors like agriculture, industry, and services contribute to the GDP.

I have extensive experience in elevations, having worked on multiple projects involving elevators and escalators.

• Managed the installation of elevators in a new commercial building

• Oversaw the maintenance and repair of elevators in a residential complex

• Implemented safety protocols for escalators in a busy shopping mall

• Collaborated with engineers and architects to ensure elevations met building codes and regulations

I can generate new business by identifying potential clients, creating marketing strategies, and building strong relationships.

• Identify potential clients through market research and networking

• Create targeted marketing strategies to reach potential clients

• Build strong relationships with clients through excellent customer service and follow-up

• Offer promotions or discounts to attract new business

• Collaborate with other businesses or organizations to expand reach

• Provide exceptiona...read more

The organization expects high performance, leadership skills, teamwork, and dedication from its employees.

• Demonstrate strong leadership skills by taking initiative and motivating team members

• Show dedication to the organization by consistently meeting deadlines and exceeding expectations

• Work collaboratively with colleagues to achieve common goals

• Maintain a high level of performance by continuously improving skills and knowledge

• Example: Leading a successful project team to meet...read more

Liaisoning role in business generation involves building and maintaining relationships with external stakeholders to generate business opportunities.

• Identifying potential clients and partners

• Establishing and maintaining communication with them

• Negotiating and closing deals

• Providing after-sales support

• Collaborating with internal teams to ensure successful delivery

• Examples: attending networking events, participating in industry associations, conducting market research

Fundamentals of insurance include risk management, underwriting, and claims handling.

• Risk management involves identifying and assessing potential risks that may result in financial loss.

• Underwriting involves evaluating the risk and determining the premium to be charged.

• Claims handling involves investigating and settling claims made by policyholders.

• Insurance policies are contracts between the insurer and the policyholder, outlining the terms and conditions of coverage.

• Types o...read more