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30+ Accordion Partners Interview Questions and Answers

Updated 2 Aug 2024

Q1. What is the process that occurs at stockbrokers' end when an order is placed in the stock market.

Ans.

Stockbrokers process orders by routing them through various systems and exchanges to execute trades on behalf of clients.

  • When an order is placed, it is first entered into the broker's order management system.

  • The order is then routed to the appropriate exchange or trading venue based on factors like price, liquidity, and speed of execution.

  • The exchange matches the buy and sell orders, and the trade is executed.

  • Confirmation of the trade is sent back to the broker and then to th...read more

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Q2. What is the process of settlement of funds of a client.

Ans.

The process of settlement of funds involves transferring funds from the client's account to the designated recipient.

  • Client initiates a request for fund settlement

  • Verification of the request and available funds

  • Transfer of funds to the designated recipient

  • Confirmation of successful settlement

  • Record keeping of the transaction

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Q3. What is Mutual fund and how to place stoploss order.

Ans.

A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.

  • Mutual funds are managed by professional fund managers.

  • Investors buy shares in the mutual fund, which represent their ownership in the fund's assets.

  • Mutual funds offer diversification and professional management to individual investors.

  • Stoploss order is a type of order placed by an investor to limit potential losses on a security.

  • It is used to aut...read more

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Q4. what is knowledge about axis securities ltd.

Ans.

Axis Securities Ltd. is a subsidiary of Axis Bank, offering a wide range of financial services including stockbroking, investment advisory, and wealth management.

  • Axis Securities Ltd. is a leading stockbroking firm in India.

  • It is a subsidiary of Axis Bank, one of the largest private sector banks in India.

  • The company provides services like equity trading, derivatives trading, mutual funds, IPOs, and more.

  • Axis Securities Ltd. has a strong presence across the country with multipl...read more

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Q5. What are the recent updates/circulars with regards to reportings by the exchanges.

Ans.

Exchanges have recently issued circulars on new reporting requirements.

  • SEBI has mandated exchanges to provide daily reports on client funding and margin obligations.

  • Exchanges have introduced new reporting formats for trade data and risk management.

  • Recent circulars require exchanges to report on compliance with margin requirements and client position limits.

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Q6. If you want to suggest a company to buy what stock would it be ?

Ans.

I would suggest buying stock in Amazon.

  • Amazon has consistently shown growth and profitability in recent years.

  • Their dominance in the e-commerce market and expansion into other industries make them a strong investment choice.

  • Their innovative technology and focus on customer experience also contribute to their success.

  • Amazon's stock has a high price, but its potential for long-term growth makes it a worthwhile investment.

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Q7. Do you know about Customer KYC and GST ?

Ans.

Yes, Customer KYC and GST are important concepts in the banking and financial industry.

  • Customer KYC (Know Your Customer) is a process followed by banks and financial institutions to verify the identity and address of their customers.

  • It involves collecting and verifying various documents such as identity proof, address proof, and photograph of the customer.

  • Customer KYC helps in preventing identity theft, fraud, and money laundering.

  • GST (Goods and Services Tax) is a unified tax...read more

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Q8. Difference between Demat account and trading account

Ans.

Demat account holds securities in electronic form, while trading account is used to buy and sell securities.

  • Demat account holds securities in electronic form, trading account is used for buying and selling securities

  • Demat account is like a bank account where securities are held, trading account is like a brokerage account for transactions

  • You need a Demat account to hold securities, but a trading account to actually trade them

  • Examples: Zerodha for trading account, CDSL for Dem...read more

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Q9. How much revenues can do in a month.

Ans.

The revenue generated in a month depends on various factors such as market conditions, trading volume, and client activity.

  • Revenue in a month can vary significantly based on market conditions.

  • Trading volume plays a crucial role in determining revenues.

  • Client activity, such as the number and size of trades, also impacts revenues.

  • Factors like interest rates, volatility, and market trends can affect revenue generation.

  • Revenue projections can be made based on historical data and ...read more

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Q10. What do you know about current market situation

Ans.

The current market situation is highly volatile due to the ongoing pandemic and economic uncertainties.

  • The COVID-19 pandemic has significantly impacted global markets.

  • Stock markets have experienced extreme volatility.

  • Many businesses have faced challenges and closures.

  • Unemployment rates have risen in several countries.

  • Government stimulus packages have been implemented to support economies.

  • Digital transformation and e-commerce have accelerated.

  • Certain industries like healthcare...read more

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Q11. How is the work life balance

Ans.

The work life balance is good, allowing for flexibility and personal time.

  • Flexible work hours and remote work options

  • Supportive management that encourages work-life balance

  • Opportunities for personal development and growth

  • Clear expectations and manageable workload

  • Employee wellness programs and benefits

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Q12. What is share market?

Ans.

Share market is a platform where buying and selling of company stocks and securities takes place.

  • Share market allows companies to raise capital by selling shares to investors

  • Investors can buy and sell shares to make profits

  • Prices of shares are determined by supply and demand in the market

  • Share market can be volatile and influenced by various factors like economic conditions, company performance, and global events

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Q13. What is your expected CTC?

Ans.

My expected CTC is in line with industry standards and commensurate with my experience and skills.

  • I have researched the industry standards for Assistant Manager roles and have a realistic expectation.

  • My expected CTC is based on my experience and skills, which I believe are valuable to the company.

  • I am open to negotiation and willing to discuss the details of the compensation package.

  • I am looking for a fair and competitive salary that reflects my contributions to the company.

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Q14. Explain why it's fav stock

Ans.

It's a fav stock due to its consistent growth and strong financials.

  • Consistent growth in revenue and earnings

  • Strong financials with low debt and high liquidity

  • Positive industry outlook and market position

  • Good dividend yield and shareholder returns

  • Example: Apple Inc. (AAPL)

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Q15. How you could acchive this target

Ans.

I would achieve the target by setting clear goals, developing a strategic plan, and consistently monitoring progress.

  • Set specific and measurable goals

  • Develop a strategic plan with actionable steps

  • Regularly monitor progress and make adjustments as needed

  • Leverage data and analytics to inform decision-making

  • Collaborate with team members and stakeholders to ensure alignment and buy-in

  • Continuously learn and adapt to changing market conditions and customer needs

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Q16. What is bull and bear

Ans.

Bull and bear are terms used in the financial market to describe the direction of the market.

  • Bull market refers to a rising market where investors are optimistic and buying, expecting prices to continue to rise.

  • Bear market refers to a falling market where investors are pessimistic and selling, expecting prices to continue to fall.

  • Bullish investors believe the market will go up, while bearish investors believe it will go down.

  • The terms originated from the way each animal attac...read more

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Q17. What do you mean by security?

Ans.

Security refers to the measures and practices implemented to protect people, assets, and information from potential threats or harm.

  • Security involves the implementation of various measures and practices to prevent unauthorized access, damage, theft, or loss.

  • It encompasses physical security, such as surveillance systems, access control, and security personnel.

  • It also includes cybersecurity measures like firewalls, encryption, and vulnerability assessments.

  • Security aims to ensu...read more

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Q18. what is bpo and explain

Ans.

BPO stands for Business Process Outsourcing, which involves contracting a third-party provider to perform specific business tasks or operations.

  • BPO companies handle tasks such as customer service, technical support, data entry, and back-office operations for other organizations.

  • Outsourcing these processes allows companies to focus on their core competencies and reduce costs.

  • Popular BPO destinations include India, the Philippines, and Eastern Europe.

  • Examples of BPO companies i...read more

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Q19. What analysis treding

Ans.

Trading analysis involves studying market trends and patterns to make informed investment decisions.

  • Trading analysis helps traders identify potential opportunities and risks in the market.

  • There are various types of trading analysis, including technical analysis, fundamental analysis, and sentiment analysis.

  • Technical analysis involves studying price charts, patterns, and indicators to predict future price movements.

  • Fundamental analysis focuses on analyzing financial statements...read more

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Q20. Favorite stock ?

Ans.

My favorite stock is Amazon.

  • Amazon has consistently shown strong growth and innovation in various industries.

  • Their e-commerce platform dominates the market and their cloud computing division is a major player.

  • Amazon's acquisition of Whole Foods and entry into the healthcare industry shows their willingness to expand and disrupt.

  • Their leadership under Jeff Bezos has been impressive, with a focus on long-term growth rather than short-term profits.

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Q21. Excel computed fields in pivot tables

Ans.

Excel pivot tables allow users to create computed fields using formulas.

  • In Excel pivot tables, computed fields are created by adding a new field with a formula.

  • Formulas can be simple arithmetic operations or more complex calculations.

  • Computed fields can be used to perform calculations on existing data in the pivot table.

  • Examples: calculating profit margin by dividing revenue by cost, calculating average sales per month, etc.

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Q22. Documents for KYC

Ans.

KYC documents are required to verify the identity of the customer.

  • KYC stands for Know Your Customer.

  • Documents required for KYC include government-issued ID proof, address proof, and PAN card.

  • KYC is mandatory for opening bank accounts, investing in mutual funds, and other financial transactions.

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Q23. What are derivatives market?

Ans.

Derivatives market is a financial market where contracts are traded that derive their value from an underlying asset.

  • Derivatives are financial instruments that allow investors to speculate on the price movements of an underlying asset without owning it.

  • These contracts can be based on various assets such as stocks, bonds, commodities, currencies, or interest rates.

  • Derivatives provide opportunities for hedging, speculation, and arbitrage.

  • Examples of derivatives include futures ...read more

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Q24. Ready to perform well

Ans.

Yes, I am ready to perform well in the role of a Gold Loan Executive.

  • I have a strong understanding of the gold loan industry and its processes.

  • I am familiar with the documentation requirements and legal aspects of gold loans.

  • I have excellent communication and customer service skills to interact with clients.

  • I am proficient in evaluating gold jewelry and determining its value.

  • I am well-versed in the loan disbursement and repayment procedures.

  • I am confident in meeting targets a...read more

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Q25. Difference in precision and recall

Ans.

Precision is the ratio of correctly predicted positive observations to the total predicted positives, while recall is the ratio of correctly predicted positive observations to the all observations in actual class.

  • Precision focuses on the accuracy of positive predictions, while recall focuses on the proportion of actual positives that were correctly identified.

  • Precision = TP / (TP + FP)

  • Recall = TP / (TP + FN)

  • Example: In a spam email detection model, precision would measure the...read more

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Q26. How is the KRA

Ans.

KRA stands for Key Result Area, which is a measurable parameter used to evaluate the success of an individual or team in achieving their goals.

  • KRA is a performance metric used to measure the success of an individual or team in achieving their goals

  • It helps in setting clear expectations and goals for employees

  • KRA is used to evaluate the performance of employees and provide feedback for improvement

  • Examples of KRA include sales targets, customer satisfaction ratings, and project...read more

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Q27. Ready to earn incentive

Ans.

Yes, I am ready to earn incentives.

  • I am highly motivated to earn incentives and will work hard to achieve my targets.

  • I have a track record of exceeding sales targets and earning incentives in my previous roles.

  • I am familiar with the incentive structure and understand how my performance directly impacts my earnings.

  • I am open to learning new strategies and techniques to maximize my incentive potential.

  • I am confident in my ability to meet and exceed the required performance metr...read more

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Q28. what is loan

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Q29. what is auto loan

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Q30. Types of Market risk

Ans.

Market risk refers to the risk of financial loss due to changes in market conditions such as interest rates, exchange rates, and commodity prices.

  • Interest rate risk: Risk of loss due to changes in interest rates affecting the value of investments.

  • Currency risk: Risk of loss due to changes in exchange rates impacting the value of foreign investments.

  • Commodity risk: Risk of loss due to changes in commodity prices affecting the value of investments in commodities.

  • Equity risk: Ri...read more

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Q31. Selling experience

Ans.

I have over 5 years of experience in sales, consistently exceeding targets and building strong client relationships.

  • Exceeded sales targets by 20% in my previous role

  • Built a strong client base through effective communication and follow-up

  • Utilized CRM software to track leads and conversions

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