Citicorp Reconciliation Specialist Interview Questions and Answers

Its of 20 mins with capital market questions

Q1. Tell me about yourself.
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Q2. Share your experience
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Q1. There was technical round judging our product knowledge.
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Basics of finance and English

Q1. SI PNR name 4 or 5 currencies ,tell about yourself.
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Q2. Corporate actions
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Q1. Credit related disbursement
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Q2. Cibil kyc verifcatin cam approvals
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Aptitude test ( test ours knowledge)

Q1. Technical round
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Q2. What about our company
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Q3. Explain financial statements
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Financial statements are reports that provide information about a company's financial performance and position.
• Financial statements include the income statement, balance sheet, and cash flow statement.

• The income statement shows a company's revenues, expenses, and profits over a specific period of time.

• The balance sheet provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point ...read more
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Q4. Explain ratio analysis
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Ratio analysis is a method of evaluating a company's financial performance by analyzing relationships between various financial variables.
• Ratio analysis involves comparing different financial ratios to assess a company's profitability, liquidity, efficiency, and solvency.

• Common ratios used in ratio analysis include the debt-to-equity ratio, return on equity, current ratio, and gross margin ratio.

• By analyzing these rati...read more
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Q5. Are you flexible to work different locations
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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
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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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Q1. Say about your self
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Q2. What is meant by derivatives
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.

• They are often used in financial markets to manage risk and provide liquidity.
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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?
Ans. 
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. Wat is split off
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A split off is a corporate restructuring strategy where a subsidiary is separated from the parent company and becomes an independent entity.
• Split off is a method used by companies to divest a portion of their business by creating a new standalone entity.

• The new entity operates independently from the parent company and may have its own management team and shareholders.

• Split offs can be done through a distribution of sha...read more
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Q2. What is tangible assets
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Tangible assets are physical assets that have a quantifiable value and can be seen or touched.
• Tangible assets include property, plant, equipment, inventory, and vehicles.

• These assets are used in the operations of a business and are recorded on the balance sheet.

• Tangible assets can be depreciated over time to reflect their decreasing value.

• Examples of tangible assets include buildings, machinery, and land.

• Tangible asset...read more
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