20+ Interview Questions and Answers

TNA stands for Total Net Assets and NAV stands for Net Asset Value. TNA is the total value of assets held by a company or fund, while NAV is the value of each share in the fund.

• TNA is calculated by adding up the value of all assets held by a company or fund, including cash, investments, and property.

• NAV is calculated by dividing the total value of the fund's assets by the number of shares outstanding.

• TNA and NAV are important metrics for investors to evaluate the performance ...read more

Mark to Market is a valuation method, Off the Balancesheet items are assets/liabilities not on the balance sheet, General Ledger is a record of all financial transactions.

• Mark to Market is used to value assets based on current market prices

• Off the Balancesheet items are assets/liabilities not recorded on the balance sheet but can have an impact on financial statements

• General Ledger is a record of all financial transactions and is used to prepare financial statements

Investments in bank balancesheet are valued using fair value or mark-to-market (MTM) method.

• Fair value method involves valuing the investment at the current market price.

• MTM method involves valuing the investment at the current market price and adjusting it to reflect any changes in value.

• The choice of method depends on the type of investment and the accounting standards followed by the bank.

• For example, if the investment is a bond, fair value method may be used, while for a ...read more

Balance Sheet (BS) of a Banking Company includes assets, liabilities, and shareholders' equity.

• Assets: Cash, loans, investments

• Liabilities: Deposits, borrowings, debt

• Shareholders' Equity: Common stock, retained earnings

• BS provides a snapshot of the company's financial position at a specific point in time

SQL query to count employees per department

• Use GROUP BY clause to group employees by department

• Use COUNT() function to count the number of employees in each department

• Join the employee table with the department table if necessary

I have worked on various projects in the field of software development.

• Developed a web-based application for a healthcare client to manage patient data and appointments.

• Designed and implemented a mobile app for a retail client to enhance their customer experience.

• Collaborated with a team to create a data analytics platform for a financial services client.

• Led the development of a cloud-based solution for a logistics client to optimize their supply chain operations.

Program using Java Stream API to filter even numbers from a list

• Create a list of numbers

• Use stream() method to convert list to stream

• Use filter() method with lambda expression to filter even numbers

• Collect the filtered numbers using collect() method

IFRS 9 is a financial reporting standard for accounting of financial instruments. Deferred tax is an accounting concept that deals with the timing of tax payments. Accounting entries are the records of financial transactions. Derivatives are financial instruments that derive their value from an underlying asset.

• IFRS 9 is a set of guidelines for accounting of financial instruments

• Deferred tax is an accounting concept that deals with the timing of tax payments

• Accounting entries...read more

Collateral is important in derivatives trading, especially in CDS, to mitigate counterparty credit risk.

• Collateral serves as a form of security for the parties involved in a derivatives trade.

• It helps to mitigate counterparty credit risk by ensuring that each party has sufficient assets to cover potential losses.

• In CDS, collateral is particularly important as it is used to protect against default by the reference entity.

• Without collateral, the risk of default by one party cou...read more

loadChildren is used to lazy load modules in Angular

• Used in routing to load modules on demand

• Improves initial load time of the application

• Syntax: loadChildren: () => import('path/to/module').then(m => m.ModuleName)

map and filter are higher-order functions in JavaScript used to manipulate arrays.

• map() creates a new array by applying a function to each element of the original array.

• filter() creates a new array with all elements that pass the test implemented by the provided function.

• Both functions do not modify the original array.

• Both functions can be chained together to perform complex operations on arrays.

I am a Senior Quality Analyst with expertise in Agile methodologies, Soap UI, Selenium Selectors, and Defect life cycle.

• Sanity testing is a quick and shallow testing to ensure the basic functionality of the application.

• Smoke testing is a preliminary testing to check if the critical functionalities of the application are working fine.

• Defect life cycle includes the stages of defect identification, logging, prioritization, fixing, retesting, and closure.

• Agile methodologies are i...read more

The boot process of Linux involves several stages, including BIOS/UEFI, bootloader, kernel initialization, and system initialization.

• The boot process starts with the BIOS/UEFI firmware, which performs a Power-On Self-Test (POST) and initializes hardware.

• The bootloader (e.g., GRUB) is then loaded, which allows the user to choose the operating system and loads the kernel into memory.

• The kernel initializes essential components, such as memory management, device drivers, and file...read more

SSI stands for Supplemental Security Income, a federal program that provides financial assistance to elderly, blind, and disabled individuals with limited income and resources.

• SSI is administered by the Social Security Administration.

• To qualify for SSI, individuals must meet certain income and resource limits.

• The amount of SSI benefits received is based on the individual's income and living situation.

• Examples of individuals who may qualify for SSI include elderly individuals ...read more

Settlement SWIFTS are messages used in the financial industry to facilitate international money transfers.

• SWIFT stands for Society for Worldwide Interbank Financial Telecommunication

• Settlement SWIFTS are used to communicate payment instructions between financial institutions

• They contain information such as sender, receiver, amount, currency, and payment instructions

Consultancy firms face challenges such as client demands, competition, and talent retention.

• Meeting client demands while maintaining quality of service

• Staying competitive in a crowded market

• Retaining top talent in a highly competitive industry

• Navigating complex regulations and compliance requirements

• Managing project timelines and budgets

• Adapting to new technologies and industry trends

• Maintaining confidentiality and managing conflicts of interest

• Balancing the needs of multiple...read more

Code to find prime numbers and optimize it efficiently

• Use the Sieve of Eratosthenes algorithm for efficient prime number generation

• Avoid checking even numbers after 2 as they cannot be prime

• Limit the search space by only checking up to the square root of the number

Derivatives are financial contracts that derive their value from an underlying asset. Willing to work round the clock.

• Derivatives are financial instruments that allow investors to hedge against risk or speculate on price movements.

• There are several types of derivatives, including futures, options, swaps, and forwards.

• Futures contracts are agreements to buy or sell an asset at a predetermined price and date in the future.

• Options contracts give the holder the right, but not the...read more

Xpaths are a way to navigate through elements in XML documents. They can be absolute or relative.

• Xpaths are used to locate elements in XML documents

• There are two types of Xpaths: absolute and relative

• Absolute Xpaths start with a single forward slash (/) and specify the location of the element from the root node

• Relative Xpaths do not start with a forward slash and specify the location of the element based on its current position

Runnable interface is used for running a task, while Callable interface is used for returning a result after running a task.

• Runnable interface has a run() method that does not return any value.

• Callable interface has a call() method that returns a value.

• Callable interface can throw an exception while Runnable interface cannot.

• Callable interface can be used with ExecutorService to submit tasks and get results.

• Example of Runnable: Thread t = new Thread(new Runnable() { public vo...read more

Split a string into an array of strings and print each element

• Use the split() method in the string class to split the string based on a delimiter

• Store the result in an array of strings

• Iterate through the array and print each element

Forecasting revenue involves analyzing historical data, market trends, and sales projections to predict future income.

• Analyze historical sales data to identify patterns and trends

• Consider market conditions and economic factors that may impact sales

• Utilize sales projections from the sales team or industry experts

• Use forecasting models such as time series analysis or regression analysis

• Adjust forecasts based on any external factors that may impact revenue

Trade life cycle is the process of a trade from initiation to settlement.

• Initiation: Trade is proposed and agreed upon by parties involved.

• Execution: Trade is executed on the agreed terms.

• Confirmation: Parties confirm the details of the trade.

• Clearing: Trade details are sent to clearing house for validation.

• Settlement: Actual exchange of securities and funds takes place.

• Post-trade processing: Reconciliation and reporting of the trade.

CI-CD pipeline best practices ensure faster and reliable software delivery.

• Automate the entire pipeline

• Use version control for code and configuration

• Perform continuous testing and integration

• Ensure security and compliance

• Monitor and measure performance

• Implement feedback loops for continuous improvement

A queue can be implemented using two stacks.

• Push elements onto the first stack.

• When dequeuing, pop all elements from the first stack and push onto the second stack.

• Pop the top element from the second stack to dequeue.

• If the second stack is empty, pop all elements from the first stack and push onto the second stack.

Futures are contracts to buy or sell assets at a specified price on a future date, while options give the holder the right but not the obligation to buy or sell assets at a specified price within a certain time frame.

• Futures involve an obligation to buy or sell the asset at a specified price on a future date, while options provide the holder with the right but not the obligation to buy or sell the asset at a specified price within a certain time frame.

• Futures are standardized...read more

Derivatives are financial instruments whose value is derived from an underlying asset or benchmark.

• Derivatives are contracts between two parties that specify the conditions for buying or selling an asset at a future date and price.

• They are used for hedging against price fluctuations, speculating on future price movements, or gaining exposure to an asset without owning it.

• Common types of derivatives include futures contracts, options, swaps, and forwards.

• For example, a futures...read more