ChrysCapital Associate Interview Questions and Answers

Q1. Ask question related java and spring boot
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Q1. Ask general questions
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Q1. Ask questions related projects
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Q1. Company information and self introduction in brief
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Q2. Complete technical questions and process related knowledge was tested
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Q1. Major accomplishments and situational questions to test leadership qualities
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Q2. Tested rigorously by giving managerial scenarios
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Q1. Why Goldman Sachs and what makes you leave Morgan Stanley
Ans. 
I chose Goldman Sachs for its global reach and diverse opportunities. I left Morgan Stanley to pursue new challenges and growth.
• Goldman Sachs offers a wider range of global opportunities compared to Morgan Stanley

• I was seeking new challenges and growth that I believed Goldman Sachs could provide

• I was attracted to the diverse and innovative culture at Goldman Sachs
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Q2. How will you handle a team with no experience previously and how will you deal with credit card again as no experience on the same.
Ans. 
I will provide training and guidance to help the team learn and adapt to handling credit card transactions.
• Provide thorough training on credit card processing procedures

• Offer guidance and support as team members gain experience

• Implement regular check-ins and feedback sessions to address any challenges

• Encourage open communication and a collaborative team environment

• Utilize resources such as online tutorials or industry
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Q1. This was with an MD and India Head
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Q2. Just testing character as human and the qualities that you possess for a role of this stature
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Q1. What do you know about IFRS 9
Ans. 
IFRS 9 is an international financial reporting standard that addresses the classification and measurement of financial assets and liabilities.
• IFRS 9 replaced IAS 39 and introduced a new classification and measurement approach for financial instruments.

• It requires entities to classify financial assets based on their business model for managing the assets and their contractual cash flow characteristics.

• IFRS 9 also includ...read more
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Q2. Your understanding of product control
Ans. 
Product control involves monitoring and analyzing the financial performance of products within a company.
• Monitoring revenue and expenses related to specific products

• Analyzing profitability and cost efficiency of products

• Identifying trends and making recommendations for product improvements

• Ensuring compliance with financial regulations and reporting standards

• Collaborating with various departments to gather data and insi
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Q3. Explain balance sheet substantiation
Ans. 
Balance sheet substantiation involves verifying the accuracy and completeness of the items reported on a company's balance sheet.
• Process of reconciling balance sheet accounts to ensure they accurately reflect the financial position of a company

• Involves comparing account balances to supporting documentation such as bank statements, invoices, and contracts

• Identifying and investigating any discrepancies or errors to ensur...read more
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Q1. Explain Swap products
Ans. 
Swap products are financial instruments where two parties agree to exchange cash flows or other financial assets.
• Swap products involve two parties exchanging cash flows based on a predetermined set of terms

• Common types of swap products include interest rate swaps, currency swaps, and commodity swaps

• These products are often used by companies to manage risk or speculate on market movements
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Q2. What do know about Mccaulay duration
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Q3. What do you know about front office and accouting pnl reco
Ans. 
Front office and accounting P&L reconciliation involves comparing the profit and loss statements from both departments to ensure accuracy.
• Front office is responsible for generating revenue through client interactions and trading activities.

• Accounting is responsible for recording financial transactions and preparing financial statements.

• P&L reconciliation involves comparing the revenue and expenses reported by the front...read more
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Effects of social media in our life

Q1. Explain your favorite advertise and why?
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Q2. Commercialization good or bad?
Ans. 
Commercialization can be both good and bad depending on the context and industry.
• Commercialization can lead to increased accessibility of products and services to a wider audience.

• It can drive innovation and competition in the market.

• However, it may also prioritize profit over ethical considerations or public welfare.

• Examples: Pharmaceutical industry commercializing life-saving drugs at high prices, tech companies comm
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Q1. Tell me abt yourself and communication skills
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Q2. Tell me abt yourself and communication skills and positive approach
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Q3. Should answer it honestly and communication Skills should be professional and should handle any roles given by organisation
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Q1. What do u mean by IRDAI
Ans. Indian Regulatory Development Authority of India
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Q1. Introduce yourself
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It consists of logical,reasoning, insurance, accounts

Q1. What is debenture? , whether capital is an asset or liablity?
Ans. 
A debenture is a type of debt instrument that is issued by a company or government entity to raise capital.
• Debentures are typically long-term investments with a fixed interest rate and maturity date.

• They are unsecured, meaning they are not backed by any specific collateral.

• Debenture holders are considered creditors of the company and have a claim on its assets in case of default.

• Capital is considered a liability as it ...read more
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Q2. What is bank reconciliation statement ?
Ans. 
Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.
• It helps to identify any discrepancies between the two records.

• It includes items such as deposits, withdrawals, and bank fees.

• It ensures that the company's financial records are accurate and up-to-date.

• It is usually prepared on a monthly basis.

• Example: If the bank statement shows a withdrawal of $100 but t...read more
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Q3. What is debentureee ?
Ans. 
A debenture is a type of debt instrument that is not secured by physical assets or collateral.
• Debenture holders are creditors of the company and have a right to receive interest and principal payments.

• Debentures can be issued by corporations, governments, and other organizations.

• Debentures can be convertible or non-convertible, and can have varying maturity dates and interest rates.

• Debentures are often used as a way fo...read more
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Q1. Difference between straight line method and diminishing balance method, somemore questions
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Q1. Question on python sql
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Q1. Questions on python advanced
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