Cholamandalam Investment & Finance Area Business Manager Interview Questions and Answers

Share your thoughts on current investment options

Q1. Describe traditional and market investment plans in detail?
Ans. 
Traditional investment plans focus on long-term growth with lower risk, while market investment plans involve higher risk for potentially higher returns.
• Traditional investment plans typically include options like savings accounts, bonds, and mutual funds.

• Market investment plans involve buying stocks, ETFs, and other securities in hopes of capitalizing on market trends.

• Traditional plans are more conservative and suited ...read more
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Q2. What is current tax norms in India?
Ans. 
The current tax norms in India include income tax, goods and services tax (GST), corporate tax, and customs duty.
• Income tax rates vary based on income slabs, with the highest rate being 30% for individuals earning above a certain threshold.

• GST is a unified indirect tax levied on the supply of goods and services, with multiple tax slabs ranging from 5% to 28%.

• Corporate tax rates are different for domestic companies, for...read more
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Q1. Tell me about yourself
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Q2. He asked me how I sell his phone to him
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Q3. He asked about my family members
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Q4. He asked me how I work in bank
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Q1. Why you want this kind of job
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Q2. Personal details
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Q1. What is sale
Ans. 
Sales is the process of persuading and convincing potential customers to purchase a product or service.
• Sales involves identifying and understanding customer needs and wants.

• It requires effective communication and negotiation skills.

• Salespeople use various techniques such as product demonstrations, presentations, and persuasive arguments.

• Sales can be conducted through different channels like direct selling, telemarketin...read more
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Q2. What is bank?
Ans. 
A bank is a financial institution that accepts deposits from the public and creates credit.
• Banks offer various financial services such as loans, credit cards, and savings accounts.

• They also provide investment services like mutual funds and stocks.

• Banks are regulated by government agencies to ensure their stability and safety.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.
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Q3. How many types of product bank will sale
Ans. 
Banks can sell various types of products depending on their focus and target market.
• Banks can sell deposit products such as savings accounts, checking accounts, and certificates of deposit.

• They can also sell loan products such as personal loans, auto loans, and mortgages.

• Investment products such as mutual funds, stocks, and bonds can also be sold by banks.

• Insurance products such as life insurance, health insurance, and...read more
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Q4. One benifit of bank
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One benefit of a bank is providing a safe place to store money.
• Banks offer FDIC insurance to protect deposits

• Customers can access their money through ATMs and online banking

• Banks can provide loans and credit to customers

• Banks can offer investment opportunities such as CDs and mutual funds
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