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10+ L&T Construction Interview Questions and Answers

Updated 7 Mar 2025
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Q1. How would you impair a CGU and asset not a part of CGU [CGU = Cash generating unit]

Ans.

To impair a CGU and asset not a part of CGU, assess the recoverable amount and compare it to the carrying amount.

  • Determine the recoverable amount of the CGU and the asset not part of the CGU.

  • Compare the recoverable amount to the carrying amount of the CGU and the asset.

  • If the recoverable amount is lower than the carrying amount, impair the CGU and the asset.

  • Recognize the impairment loss in the financial statements.

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Q2. What is the difference between Future and Forward Contracts.

Ans.

Future contracts are standardized and traded on exchanges, while forward contracts are customized and traded over-the-counter.

  • Future contracts are standardized agreements to buy or sell an asset at a predetermined price and date.

  • Forward contracts are customized agreements between two parties to buy or sell an asset at a mutually agreed price and date.

  • Future contracts are traded on exchanges, providing liquidity and transparency.

  • Forward contracts are traded over-the-counter (O...read more

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Q3. What decision by Raguram Rajan made all banks worried?

Ans.

Raghuram Rajan's decision to clean up the banking system by conducting asset quality reviews made all banks worried.

  • Raghuram Rajan initiated asset quality reviews to identify and address non-performing assets in the banking system.

  • Banks were worried because this decision could potentially expose their bad loans and require them to take necessary actions.

  • The reviews led to increased transparency and accountability in the banking sector, but also caused concerns among banks abo...read more

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Q4. What is that thing which helps you to take difficult tasks.

Ans.

The thing that helps me take difficult tasks is determination and a positive mindset.

  • Determination: Having a strong will and persistence to overcome challenges.

  • Positive mindset: Maintaining an optimistic attitude and believing in my abilities.

  • Goal setting: Breaking down difficult tasks into smaller, manageable goals.

  • Time management: Prioritizing tasks and allocating time effectively.

  • Seeking support: Asking for help or guidance when needed.

  • Learning from failures: Viewing setba...read more

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Q5. Do you know IFRS. Which IFRS relates to Revenue Recognition

Ans.

IFRS 15 relates to Revenue Recognition in International Financial Reporting Standards (IFRS).

  • IFRS 15 establishes principles for recognizing revenue from contracts with customers

  • It outlines a five-step model for revenue recognition

  • Examples include sale of goods, rendering of services, and licensing of intellectual property

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Q6. Imagine i have set up a SPV. Explain in detail about it.

Ans.

An SPV (Special Purpose Vehicle) is a legal entity created for a specific purpose, often used in finance to isolate risk.

  • SPVs are commonly used in securitization transactions to pool assets and issue securities backed by those assets.

  • They are designed to protect investors by isolating the assets and liabilities of the SPV from the sponsoring company.

  • SPVs can be used for various purposes such as financing projects, managing risk, or facilitating tax planning.

  • They are typically...read more

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Q7. What do you know about AS- Impairment of Assets

Ans.

AS- Impairment of Assets is an accounting standard that deals with the recognition and measurement of impairment losses on assets.

  • AS- Impairment of Assets is covered under Accounting Standard (AS) 28 issued by the Institute of Chartered Accountants of India (ICAI).

  • It requires companies to assess the carrying amount of their assets and recognize impairment losses if the recoverable amount is less than the carrying amount.

  • Impairment losses are recognized in the profit and loss ...read more

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Q8. Frequency of elements in array.

Ans.

Count the frequency of elements in an array of strings.

  • Iterate through the array and use a hashmap to store the frequency of each element.

  • If the element is already in the hashmap, increment its count. Otherwise, add it to the hashmap with a count of 1.

  • Return the hashmap containing the frequencies of each element.

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Q10. Transpose of a matrix

Ans.

Transpose of a matrix is obtained by swapping rows with columns.

  • Transpose of a matrix can be obtained by swapping rows with columns.

  • The transpose of an m x n matrix will be an n x m matrix.

  • For example, if A = [[1, 2], [3, 4]], then the transpose of A will be [[1, 3], [2, 4]].

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Q11. Explain with examples

Ans.

I will explain Third Party Risk Management (TPRM) with examples.

  • TPRM involves assessing and managing risks associated with third-party vendors.

  • Examples include conducting due diligence on vendors before onboarding them.

  • Another example is regularly monitoring vendor performance to ensure compliance with security standards.

  • Implementing controls to mitigate risks associated with third-party relationships is also a key aspect of TPRM.

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