BNY Interview Questions, Process, and Tips

The aptitude test related to simple Financial terms only , Futures, option, and share markets

Q1. Only GD related question
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Q2. What is withholding Tax
Ans. 
Withholding tax is a tax deducted at source from payments made to non-residents.
• It is a tax deducted by the payer from the payment made to the payee.

• It is applicable to non-residents who earn income in a foreign country.

• The tax is withheld by the payer and paid to the government on behalf of the payee.

• The rate of withholding tax varies depending on the type of income and the country.

• Examples include dividend withholdin...read more
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Technical questions based on industry & products

Q1. Introduction, previous experience, questions regarding handling bottleneck situation, process flow of product, reason for choosing BNY, why you
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Q1. Salary negotiation, previous employer liability, reason for leaving
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Karat interview process

Q1. Discussion about project and core things
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Q1. SQL, DataBase , Project Report
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Q1. Snowflakes, Adhoc Report
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Q1. Communication , Behaviour
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Q1. Salary Discussion
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About basic market knowledge. About derivatives

Q1. What is derrivatives? What isTLC? What is hedge funds?
Ans. 
Derivatives are financial contracts whose value is derived from an underlying asset. TLC stands for tender loving care. Hedge funds are investment funds that pool capital from accredited individuals or institutional investors.
• Derivatives are financial instruments that derive their value from an underlying asset, such as stocks, bonds, commodities, or currencies.

• They are used for hedging against potential price fluctuat...read more
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Q2. What is Trade life cycle?
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Trade life cycle refers to the stages involved in a trade, from initiation to settlement.
• Trade initiation: The process of identifying and initiating a trade.

• Trade execution: The actual buying or selling of the financial instrument.

• Trade confirmation: Confirming the details of the trade with the counterparty.

• Trade settlement: The process of exchanging the financial instrument for payment.

• Trade reconciliation: Comparing ...read more
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Q1. Difference between delete and truncate
Ans. 
Delete removes specific rows while truncate removes all rows from a table.
• Delete is a DML command while truncate is a DDL command.

• Delete can be rolled back while truncate cannot be rolled back.

• Delete is slower than truncate as it logs each row deletion while truncate does not.

• Delete can have a WHERE clause to specify which rows to delete while truncate deletes all rows.

• Delete does not reset the identity of the table wh...read more
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Q2. What do you mean by cascade
Ans. 
Cascade refers to the automatic propagation of changes made to a parent record to its related child records.
• Cascade is a feature in database management systems that ensures data consistency and integrity.

• It allows changes made to a parent record to be automatically reflected in its related child records.

• For example, if a parent record is deleted, all its child records will also be deleted automatically.

• Cascade can be s...read more
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