20+ L&T Finance Interview Questions and Answers

Common industries seeking digital transformation include finance, healthcare, retail, and manufacturing. ISVs provide specialized software solutions for various industries.

• Finance industry is seeking digital transformation to improve customer experience, increase efficiency, and comply with regulations.

• Healthcare industry is adopting digital transformation to enhance patient care, streamline operations, and improve data security.

• Retail industry is utilizing digital transforma...read more

Handle non compliance observations by addressing root causes, implementing corrective actions, and monitoring for future compliance.

• Investigate the root cause of the non compliance observation

• Develop and implement corrective actions to address the issue

• Train employees on compliance procedures to prevent future occurrences

• Regularly monitor and audit for compliance to ensure ongoing adherence

• Maintain open communication with regulators or auditors to demonstrate commitment to co...read more

Internal audits can be conducted by following a systematic process to review and evaluate a company's operations, controls, and processes.

• Develop an audit plan outlining the objectives, scope, and methodology of the audit.

• Gather relevant documentation and data to analyze.

• Interview key personnel to understand processes and controls in place.

• Perform testing to assess compliance with policies and regulations.

• Document findings and recommendations for improvement.

• Present audit res...read more

External audits are conducted by independent third-party firms to review an organization's financial statements and internal controls.

• External audits are typically scheduled in advance and involve the auditors examining the organization's financial records, transactions, and processes.

• Auditors will assess the accuracy and completeness of the financial statements, as well as the effectiveness of internal controls in place to prevent fraud and errors.

• The audit process may inclu...read more

I follow UX principles such as user-centered design, usability, accessibility, and consistency in my processes.

• User-centered design: Focus on understanding user needs and preferences.

• Usability: Ensure the product is easy to use and intuitive for the target audience.

• Accessibility: Design with inclusivity in mind to accommodate users with disabilities.

• Consistency: Maintain a cohesive and familiar experience across all touchpoints.

• Iterative design: Continuously gather feedback a...read more

Virtual DOM security in React refers to the protection of the virtual representation of the DOM from potential security vulnerabilities.

• Virtual DOM in React is a lightweight copy of the actual DOM, which allows React to efficiently update the UI without directly manipulating the real DOM.

• Security in virtual DOM involves preventing cross-site scripting (XSS) attacks by sanitizing user input and using libraries like DOMPurify.

• React's reconciliation process ensures that only the...read more

A credit card is a payment card issued by a financial institution, allowing the cardholder to borrow funds to make purchases.

• Credit cards allow users to make purchases on credit, with the promise to repay the borrowed amount at a later date.

• They often come with a credit limit, which is the maximum amount the cardholder can borrow.

• Credit cards may also offer rewards, cashback, or other benefits to cardholders.

• They are widely accepted for online and in-person transactions, maki...read more

The efficiency of solar in Muni Seva Ashram is high due to optimal positioning of panels and regular maintenance.

• Solar panels are strategically placed to receive maximum sunlight throughout the day.

• Regular maintenance ensures that the panels are clean and functioning at their peak efficiency.

• Efficiency may vary based on weather conditions and time of year.

I generate leads through various channels such as networking, referrals, cold calling, email marketing, and social media.

• Networking events and conferences

• Referrals from current clients or colleagues

• Cold calling potential clients

• Email marketing campaigns

• Social media platforms like LinkedIn and Twitter

CES stands for Consumer Electronics Show, an annual trade show organized by the Consumer Technology Association.

• CES is one of the largest trade shows for consumer electronics and technology products.

• It takes place annually in Las Vegas, Nevada, showcasing the latest innovations and products in the tech industry.

• Many companies use CES as a platform to launch new products and technologies, gaining media attention and consumer interest.

• CES also features keynote speeches, panel d...read more

Problem statements define the specific issue or challenge that needs to be addressed.

• Problem statements should be clear, concise, and specific.

• They should focus on the root cause of the issue rather than symptoms.

• They help guide the design process by outlining the problem to be solved.

• Example: 'Users are having difficulty navigating the website due to unclear menu labels.'

Fix presentations by identifying the problem, simplifying the content, and practicing delivery.

• Identify the problem with the presentation, such as unclear messaging or too much information

• Simplify the content by focusing on key points and using visuals to enhance understanding

• Practice delivery to ensure confidence and smooth delivery

• Get feedback from others to improve the presentation further

SQL Join between Employee and Company Table

• Use JOIN keyword to combine data from both tables based on a related column

• Specify the columns to be selected using SELECT statement

• Use ON keyword to specify the relationship between the tables

I worked on a project involving HDFS and complex SQL queries.

• Developed a data pipeline to ingest and process large volumes of data stored in HDFS.

• Implemented complex SQL queries to extract meaningful insights from the data.

• Optimized query performance by tuning indexes and query execution plans.

• Used tools like Apache Hive and Apache Spark for data processing and analysis.

• Worked with cross-functional teams to understand business requirements and deliver solutions.

Insertion sort is a simple sorting algorithm that builds the final sorted list one item at a time.

• Start with the second element and compare it with the elements before it, moving elements to the right until finding the correct position.

• Repeat this process for each element in the list.

• Time complexity of O(n^2) in worst case scenario.

• Example: 5 -> 2 -> 4 -> 3 -> 1, after insertion sort: 1 -> 2 -> 3 -> 4 -> 5

Naukri boolean search helps in refining job search results by using specific keywords and operators.

• Use AND, OR, NOT operators to combine keywords for more precise results

• Use quotation marks to search for exact phrases

• Use parentheses to group keywords together

• Use asterisk (*) as a wildcard for variations of a word

• Use site: operator to search within a specific website

Sanity testing is a quick test to check if the software is stable, while regression testing is a thorough test to ensure new changes haven't affected existing functionality.

• Sanity testing is a subset of regression testing

• Sanity testing is usually performed on build with minor changes

• Regression testing is performed on every build to ensure existing functionality is not impacted by new changes

Increasing swap space involves creating a new swap file or resizing an existing swap partition.

• Create a new swap file using the 'dd' command

• Format the new swap file using 'mkswap'

• Enable the new swap file using 'swapon'

• Update the /etc/fstab file to automatically mount the new swap file on boot

• Resize an existing swap partition using tools like 'resize2fs' or 'gparted'

My design process involves research, ideation, prototyping, testing, and iteration to create user-centered solutions.

• Research: Gather information about users, goals, and context.

• Ideation: Brainstorm and generate ideas for potential solutions.

• Prototyping: Create low-fidelity and high-fidelity prototypes to visualize concepts.

• Testing: Conduct usability testing to gather feedback and insights.

• Iteration: Refine designs based on feedback and iterate until optimal solution is achie...read more