Broadridge Financial Solutions
20+ MYtech Consulting Services Interview Questions and Answers
Q1. what are the different types of accounting?
The different types of accounting include financial accounting, management accounting, tax accounting, and forensic accounting.
Financial accounting focuses on recording and reporting financial transactions of a company.
Management accounting involves providing financial information to help with decision-making and planning within an organization.
Tax accounting deals with the preparation and filing of tax returns for individuals and businesses.
Forensic accounting involves inves...read more
Q2. difference between cash flows & fund flows statements
Cash flows and fund flows statements are both financial statements that provide information about the movement of money in a company, but they differ in their focus and purpose.
Cash flows statement focuses on the cash inflows and outflows of a company during a specific period, showing the sources and uses of cash.
Fund flows statement focuses on the movement of funds within a company, including cash, investments, and other assets and liabilities.
Cash flows statement provides i...read more
Q3. What is investment banking and retail banking difference
Investment banking deals with high-value transactions for corporations and governments, while retail banking serves individual customers with basic financial services.
Investment banking involves underwriting securities, mergers and acquisitions, and other complex financial transactions
Retail banking offers services such as savings accounts, loans, and credit cards to individual customers
Investment banking serves corporations and governments, while retail banking serves indivi...read more
Q4. What are Financial Markets?
Financial markets are platforms where buyers and sellers trade financial assets such as stocks, bonds, currencies, and commodities.
Financial markets facilitate the flow of capital between investors and borrowers
They provide a mechanism for price discovery and risk management
Examples include stock exchanges, bond markets, foreign exchange markets, and commodity markets
Q5. What is the meaning of accounts receivable?
Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.
Accounts receivable is an asset on the balance sheet of a company.
It represents the amount of money that customers owe the company for goods or services that have been delivered but not yet paid for.
Companies often have specific terms for when accounts receivable must be paid, such as net 30 or net 60.
Accounts receivable can be converted into cash through the pr...read more
Q6. What is Reconciliation statement. What is Investment Banking. Types of Analytical as kills required to find errors
A reconciliation statement is a financial statement that compares two sets of records to ensure they are in agreement.
Reconciliation statement is used to identify discrepancies between two sets of records.
It helps in ensuring accuracy and integrity of financial data.
It is commonly used in accounting and finance to reconcile bank statements, accounts receivable, and accounts payable.
Reconciliation statements are prepared by comparing the balances of different accounts or recor...read more
Q7. What is debenture and convertible and non convertible
Debenture is a type of debt instrument issued by a company, convertible debentures can be converted into equity shares, while non-convertible debentures cannot be converted.
Debenture is a type of long-term debt instrument issued by a company to raise funds.
Convertible debentures can be converted into equity shares of the issuing company at a later date.
Non-convertible debentures cannot be converted into equity shares and offer fixed interest rates to investors.
Debentures are ...read more
Q8. What is preference share and equity share
Preference shares are a type of shares that have fixed dividends and priority over equity shares in terms of payment. Equity shares represent ownership in a company.
Preference shares have fixed dividends that must be paid before any dividends can be paid to equity shareholders.
Preference shareholders have priority over equity shareholders in terms of payment during liquidation of the company.
Equity shares represent ownership in a company and do not have fixed dividends.
Equity...read more
Q9. What is Trade Life Cycle?
Trade Life Cycle refers to the stages involved in a trade from initiation to settlement.
Trade initiation
Trade execution
Trade confirmation
Clearing and settlement
Trade reconciliation
Q10. What is preference shares and equity shares
Preference shares and equity shares are types of shares issued by a company to raise capital.
Preference shares have fixed dividends and priority over equity shares in terms of payment.
Equity shares represent ownership in the company and have voting rights.
Preference shares are less risky compared to equity shares.
Equity shares have the potential for higher returns but also higher risk.
Example: Company A issues preference shares with a fixed dividend of 5% and equity shares wi...read more
Q11. Trading Account vs Demat Account
Trading Account vs Demat Account
A trading account is used to buy and sell securities in the stock market.
A demat account is used to hold securities in electronic form.
Trading account is used for active trading, while demat account is used for safekeeping of securities.
Trading account requires a broker, while demat account requires a depository participant.
Trading account allows buying and selling of shares, futures, options, etc., while demat account holds these securities in...read more
Q12. Derivatives and its types
Derivatives are financial instruments whose value is derived from an underlying asset or benchmark.
Derivatives can be classified into four main types: futures contracts, forward contracts, options contracts, and swaps.
Futures contracts are agreements to buy or sell an asset at a predetermined price on a future date.
Forward contracts are similar to futures contracts but are customized and traded over-the-counter.
Options contracts give the holder the right, but not the obligati...read more
Q13. Types of Financial Markets
Financial markets are platforms where buyers and sellers trade financial assets.
Primary market - new securities are issued
Secondary market - existing securities are traded
Money market - short-term debt securities
Capital market - long-term debt and equity securities
Derivatives market - financial contracts based on underlying assets
Foreign exchange market - trading of currencies
Commodity market - trading of physical goods
Q14. Views on current Indian economy
The Indian economy is currently facing challenges due to the COVID-19 pandemic and the resulting lockdowns.
The GDP contracted by 7.7% in the financial year 2020-21.
Unemployment rates have increased due to job losses in various sectors.
The government has announced various stimulus packages to revive the economy.
The agriculture sector has shown resilience and growth during the pandemic.
The manufacturing and service sectors have been hit hard.
The vaccination drive is expected to...read more
Q15. What is share market
Share market is a platform where buying and selling of company stocks and securities takes place.
Share market allows companies to raise capital by selling shares to investors
Investors can buy and sell shares to make profits
Prices of shares fluctuate based on supply and demand
Examples: New York Stock Exchange (NYSE), NASDAQ, Bombay Stock Exchange (BSE)
Q16. Difference between cash flow and fund flow
Cash flow and fund flow are both financial statements that provide information about the movement of money in a business.
Cash flow refers to the inflow and outflow of cash in a business over a specific period of time.
Fund flow, on the other hand, focuses on the movement of funds within a business, including both cash and non-cash items.
Cash flow statement shows the sources and uses of cash, while fund flow statement shows the changes in working capital.
Cash flow statement hel...read more
Q17. What is debt and equity
Debt and equity are two main sources of financing for companies. Debt involves borrowing money that must be repaid with interest, while equity involves selling ownership stakes in the company.
Debt is a form of financing where a company borrows money from lenders and agrees to repay the principal amount plus interest over a specified period of time.
Equity is a form of financing where a company sells ownership stakes in the business to investors in exchange for capital. Investo...read more
Q18. How many types of mutual funds
There are several types of mutual funds, including equity funds, bond funds, money market funds, and balanced funds.
Equity funds invest primarily in stocks
Bond funds invest in fixed-income securities
Money market funds invest in short-term, low-risk securities
Balanced funds invest in a mix of stocks and bonds
Q19. What is capital markets
Capital markets are financial markets where individuals and institutions trade financial securities.
Capital markets facilitate the buying and selling of stocks, bonds, and other financial instruments.
They provide a platform for companies and governments to raise capital by issuing securities.
Investors can participate in capital markets to invest their money and earn returns.
Capital markets include stock exchanges, bond markets, and derivatives markets.
Examples of capital mark...read more
Q20. What is mutual fund
A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, managed by a professional fund manager.
Mutual funds pool money from multiple investors to invest in a diversified portfolio
Investors buy shares of the mutual fund, which represent their ownership in the fund's holdings
Professionally managed by fund managers who make investment decisions on behalf of the investors
Offer diversification, liquidity, and professional mana...read more
Q21. Different types of accounting
Different types of accounting include financial accounting, management accounting, and cost accounting.
Financial accounting focuses on recording and reporting financial transactions of a company.
Management accounting provides information for internal decision-making and planning.
Cost accounting analyzes and controls the costs of producing goods or services.
Other types of accounting include tax accounting, forensic accounting, and auditing.
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