Interview Questions and Answers

The interview question covers job card parameters, cond parameter, gdg and vsams, abends, sorting, and joins.

• Job card parameters are used to specify job information such as job name, job class, and accounting information.

• COND parameter is used to conditionally execute job steps based on the return code of previous steps.

• GDG (Generation Data Group) is a group of related datasets that are created and managed together.

• VSAM (Virtual Storage Access Method) is a file storage access...read more

Equals() compares the content of objects while == compares their reference.

• equals() method compares the content of two objects and returns true if they are equal.

• == operator compares the reference of two objects and returns true if they refer to the same object.

• equals() method can be overridden to provide custom comparison logic.

• Example: String s1 = new String("hello"); String s2 = new String("hello"); s1.equals(s2) returns true while s1 == s2 returns false.

Financial markets are platforms where buyers and sellers trade financial assets, such as stocks, bonds, and commodities.

• Financial markets facilitate the buying and selling of financial assets.

• Products in financial markets include stocks, bonds, commodities, derivatives, and currencies.

• Financial markets can be categorized into primary markets (where new securities are issued) and secondary markets (where existing securities are traded).

Collateral management is the process of managing and monitoring collateral pledged to secure a loan or other financial obligation.

• Collateral can include assets such as real estate, stocks, bonds, and commodities.

• The purpose of collateral management is to mitigate credit risk and ensure that the lender has sufficient collateral to cover any potential losses.

• Collateral management involves tracking the value of the collateral, monitoring any changes in its value, and taking appr...read more

Yes, I implemented several process improvements to streamline operations and increase efficiency.

• Implemented new software to automate manual tasks

• Introduced standardized procedures to reduce errors

• Conducted regular process audits to identify areas for improvement

Accounting for investment in equity shares under FVT OCI involves recognizing changes in fair value through other comprehensive income.

• Equity shares are initially recognized at cost and subsequently measured at fair value.

• Changes in fair value are recognized in other comprehensive income.

• Dividends received are recognized in profit or loss.

• Disclosure of fair value and changes in fair value is required in the financial statements.

Haircut for collaterals refers to the reduction in value of the collateral pledged by a borrower to secure a loan.

• Haircut is the percentage reduction in the value of the collateral that a lender applies to account for market fluctuations and potential losses.

• It is used to determine the amount of loan that can be extended against the collateral.

• For example, if a borrower pledges a property worth $100,000 as collateral and the lender applies a 20% haircut, the maximum loan amou...read more