Bharat Financial Inclusion Interview Questions, Process, and Tips

Q1. If someone is repeatedly mailing you about some work, when it will take a stipulated time for that work, then what will you do?
Ans. 
I would communicate with the person and provide updates on the progress of the work.
• Acknowledge the person's emails and provide an estimated timeline for completion.

• Regularly update the person on the progress of the work.

• If there are any delays or issues, communicate them to the person and provide a new estimated timeline.

• Ensure that the person feels heard and valued throughout the process.
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Q1. What is vendor management
Ans. 
Vendor management is the process of managing relationships with suppliers and vendors.
• Identifying and selecting vendors

• Negotiating contracts and pricing

• Monitoring vendor performance

• Managing vendor relationships

• Ensuring compliance with contracts and agreements
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There should be an aptitude test which is totally based on commerce, general knowledge and computer

Q1. Tell me something about yourself
Ans. 
I am a dedicated and detail-oriented internal auditor with a strong background in risk assessment and compliance.
• Over 5 years of experience in internal auditing

• Skilled in risk assessment and compliance

• Detail-oriented and analytical mindset

• Strong communication and problem-solving skills
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Q2. What is balance sheet
Ans. 
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• Balance sheet provides a snapshot of a company's financial position

• It includes assets (what the company owns), liabilities (what the company owes), and shareholders' equity (the difference between assets and liabilities)

• The balance sheet equation is Assets = Liabilities + Shareholders'...read more
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Q1. About the commerce golden rule
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Q2. What is profit and loss account
Ans. 
A profit and loss account is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period.
• It shows the company's financial performance by detailing the total revenue generated and the expenses incurred to generate that revenue.

• The difference between the total revenue and total expenses is the net profit or loss for the period.

• It helps stakeholders assess the profitability an...read more
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Q3. What is debtors and creditors
Ans. 
Debtors are individuals or entities who owe money to a company, while creditors are individuals or entities to whom a company owes money.
• Debtors are customers who have purchased goods or services on credit and have not yet paid for them.

• Creditors are suppliers or vendors from whom a company has purchased goods or services on credit and has not yet paid for them.

• Debtors are listed as assets on a company's balance sheet,...read more
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Q1. Introduce yourself and why do you want to our company? Do you know about this work profile? How much salary do you expect?
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Q2. Are you able to relocate and do you have any previous experience if yes why did you left your previous job etc
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Q3. About your qualification and family baground...
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Reasoning on day today activity which we handled professionally.

Q1. About why leaving present organization
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Q2. Salary discussion 😀
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Q1. VP sir introduction and knowledge about current role
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Q2. HR Head introduction and How best being the team progresses
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