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B. S. Abdur Rahman Crescent Institute Of Science And Technology

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Bharat Petroleum Interview Questions and Answers

Updated 5 Feb 2024

Q1. what do you understand about consumer perception?

Ans.

Consumer perception refers to how individuals interpret and make sense of information about a product or service.

  • Consumer perception is influenced by various factors such as personal experiences, cultural background, and marketing messages.

  • It can impact consumer behavior and purchasing decisions.

  • For example, a consumer may perceive a luxury brand as high quality and worth the price, while another may perceive it as overpriced and unnecessary.

  • Marketers can influence consumer p...read more

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Q2. what are the findings of your study?

Ans.

The findings of my study suggest that there is a significant correlation between exercise and mental health.

  • The study involved a survey of 500 participants

  • Participants who exercised regularly reported lower levels of anxiety and depression

  • The study also found that the type of exercise and frequency played a role in mental health benefits

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Q3. why foreign countries invested in India?

Ans.

Foreign countries invest in India due to its large market potential, skilled workforce, and favorable government policies.

  • India has a population of over 1.3 billion, making it a huge market for foreign companies to tap into

  • India has a large pool of skilled and educated workforce, making it an attractive destination for foreign companies to set up operations

  • The Indian government has implemented various policies to attract foreign investment, such as liberalization of FDI norms...read more

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Q4. Explain about double accounting system

Ans.

Double accounting system is a method of bookkeeping where every transaction is recorded twice in two different accounts.

  • It is also known as the double-entry accounting system.

  • It helps in maintaining accuracy and preventing errors in financial records.

  • Every transaction has two aspects - debit and credit, which are recorded in separate accounts.

  • For example, when a company purchases inventory, the inventory account is debited and the cash account is credited.

  • The total debits mus...read more

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Q5. Explanation about going concern concept

Ans.

Going concern concept refers to the assumption that a business will continue to operate in the foreseeable future.

  • It is a fundamental accounting principle.

  • It assumes that a business will continue to operate for at least the next 12 months.

  • Financial statements are prepared on the basis of this concept.

  • If there are any doubts about the ability of a business to continue as a going concern, it must be disclosed in the financial statements.

  • Examples of events that may cast doubt on...read more

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Q6. Top 10 retail markets?

Ans.

Top 10 retail markets are based on various factors such as sales, foot traffic, and popularity.

  • New York City, NY

  • Los Angeles, CA

  • Chicago, IL

  • Houston, TX

  • Dallas, TX

  • Miami, FL

  • San Francisco, CA

  • Atlanta, GA

  • Seattle, WA

  • Boston, MA

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Q7. Name of Online markets

Ans.

Online markets are e-commerce websites where consumers can buy and sell products and services over the internet.

  • Amazon

  • eBay

  • Alibaba

  • Etsy

  • Walmart

  • Target

  • Flipkart

  • Zalando

  • Rakuten

  • Mercado Libre

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Q8. Expanded form of IFRS

Ans.

IFRS stands for International Financial Reporting Standards.

  • IFRS is a set of accounting standards developed by the International Accounting Standards Board (IASB).

  • It is used by companies to prepare and present their financial statements.

  • IFRS is used in over 120 countries, including the European Union and many Asian and South American countries.

  • Some examples of IFRS standards include IFRS 9 (Financial Instruments), IFRS 15 (Revenue from Contracts with Customers), and IFRS 16 (...read more

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