BNP Paribas Associate Engineer Interview Questions and Answers for Freshers

Simple aptitude questions that cover fundamental concepts.

Moderate difficulty level questions in data structure and algorithms.

Q1. Process experience
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Q2. General accounting questions
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Q1. About previous company experience
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Q2. Salary expectation
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Q1. What is corporate action and its type ?
Ans. 
Corporate action refers to events initiated by a public company that impact its shareholders and securities.
• Types of corporate actions include dividends, stock splits, mergers and acquisitions, rights issues, and bonus issues.

• Dividends are payments made to shareholders from a company's profits.

• Stock splits involve dividing existing shares into multiple shares to lower the share price.

• Mergers and acquisitions are when t...read more
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Q2. What is derivative?
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A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or interest rate.
• Derivatives can be used for hedging, speculation, or arbitrage.

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

• For example, a stock option gives the holder the right to buy or sell a stock at a specified price within a certain time frame.
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Q1. Trade life cycle
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Q2. Journal entries
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Q1. Salary expectations
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Q2. Willingness to relocate
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Entity analysis from financials provided

Q1. Technical questions and
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Q2. Technical questions
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Prepare well about accounting concepts

Q1. Stages of Internal Audit
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Internal audit stages include planning, fieldwork, reporting, and follow-up.
• Planning stage involves setting objectives, scope, and methodology.

• Fieldwork stage includes gathering and analyzing data, testing controls, and documenting findings.

• Reporting stage involves communicating results to management and stakeholders.

• Follow-up stage includes monitoring implementation of recommendations and assessing progress.

• Examples: ...read more
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Q2. How is Name Screening conducted
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Name screening is conducted by comparing names against watchlists or databases to identify any potential matches.
• Names are compared against watchlists, sanctions lists, politically exposed persons lists, and other databases.

• Advanced screening tools use algorithms to analyze variations in names, such as misspellings or aliases.

• Screening can be done manually or through automated software.

• Matches are further investigated ...read more
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Q1. Methods of AML/KYC
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AML/KYC methods are used to verify the identity of customers and prevent money laundering and fraud.
• Customer due diligence (CDD) to verify identity and assess risk

• Enhanced due diligence (EDD) for high-risk customers

• Transaction monitoring to detect suspicious activities

• Screening against sanctions lists and politically exposed persons (PEPs)

• Regular training for staff on AML/KYC procedures
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Q2. What is CDD process?
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CDD process stands for Customer Due Diligence process, which is a set of procedures used to verify the identity of customers and assess their risk levels.
• CDD process involves collecting information about customers such as their name, address, and identification documents.

• It also includes verifying the information provided by customers through various means such as official databases or third-party sources.

• The purpose o...read more
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Q1. What are stages of Audit?
Ans. 
Stages of Audit include planning, fieldwork, reporting, and follow-up.
• Planning: Establishing audit objectives, scope, and procedures.

• Fieldwork: Collecting and analyzing evidence to support audit findings.

• Reporting: Communicating audit results and recommendations to stakeholders.

• Follow-up: Ensuring implementation of audit recommendations and monitoring progress.

• Example: Planning may involve reviewing previous audits and...read more
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Q2. Why do we conduct the audit
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Audits are conducted to ensure accuracy, compliance, and reliability of financial statements and internal controls.
• To ensure accuracy and reliability of financial statements

• To ensure compliance with laws and regulations

• To evaluate the effectiveness of internal controls

• To detect and prevent fraud or errors

• To provide assurance to stakeholders and investors
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Q1. Tell me about yourself
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Q2. What is Accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions.
• Involves recording financial transactions

• Summarizing financial information in financial statements

• Analyzing financial data to provide insights

• Reporting financial information to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
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Q3. What are fundamental rules of accounting
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Fundamental rules of accounting include the principles of consistency, conservatism, materiality, and others.
• The principle of consistency states that once an accounting method is chosen, it should be consistently applied.

• The principle of conservatism suggests that when in doubt, accountants should choose the option that is least likely to overstate assets and income.

• The principle of materiality states that only signifi...read more
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Q4. About any topic for 5 minutes
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Q1. About my profile and introduction
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Q2. What is corporate action
Ans. 
Corporate action refers to events initiated by a publicly traded company that can affect its shareholders and securities.
• Corporate actions can include dividends, stock splits, mergers, acquisitions, spin-offs, and rights issues.

• These actions can impact the value of the company's stock and the rights of shareholders.

• Shareholders may need to take action or make decisions based on corporate actions announced by the compan...read more
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Q3. What is divided
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Things that are separated or split into parts
• Mathematical operations like division

• Physical objects like a cake being divided into slices

• Groups of people or resources being divided for allocation
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Q4. What is ex date
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Ex date is the date on or after which a security is traded without a previously declared dividend or distribution.
• Ex date is the date on which a security begins trading without the dividend or distribution.

• Investors who purchase the security on or after the ex date will not receive the upcoming dividend or distribution.

• The ex date is typically set two business days before the record date.

• For example, if a company decla...read more
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Q5. What is record date?
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Record date is the date on which a company determines the shareholders eligible to receive dividends or other distributions.
• Record date is set by the company's board of directors.

• Shareholders must own the stock before the record date to receive the dividend.

• The record date is important for determining who is entitled to vote at shareholder meetings.

• Example: If a company sets a record date of June 1st, shareholders who ...read more
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Q6. What is pay date
Ans. 
Pay date is the date on which an employee receives their salary or wages.
• Pay date is typically set by the employer and can vary depending on the company's payroll schedule.

• It is the day when the employee's bank account is credited with their salary.

• Pay date can be weekly, bi-weekly, monthly, etc. depending on the company's policies.

• It is an important date for employees as it marks the day they receive their hard-earned
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Q7. What is merger and acquisition
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Merger and acquisition is the process of combining two companies into one entity through various financial transactions.
• Merger involves two companies coming together to form a new company.

• Acquisition involves one company buying another company.

• Mergers and acquisitions are often done to achieve economies of scale, expand market share, or gain competitive advantage.

• Examples include Disney's acquisition of 21st Century Fo...read more
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Q8. What is bonus shares
Ans. 
Bonus shares are additional shares given to existing shareholders by a company, usually as a reward for holding shares.
• Bonus shares are issued by a company to its existing shareholders free of charge.

• They are given out of the company's profits or reserves.

• Bonus shares do not result in any cash outflow for shareholders.

• They increase the total number of shares outstanding but do not change the overall value of the compan...read more
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Q1. Are you willing to relocate
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Q2. Tell me about Bnp Paribas
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Q1. Regarding home loan?
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Q1. Regarding home loan rate of interest
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