40+ AMCAD Solutions Interview Questions and Answers

A 10x10x10 cube is dismantled into smaller cubes. How many have none of their faces painted red?

• The outer layer of the big cube has 8x8x8 cubes painted red

• The number of cubes with at least one red face is 6x6x6

• The number of cubes with no red faces is 10x10x10 - (8x8x8 - 6x6x6)

Yes, an algorithm I designed at Microsoft can be applied to a problem in the stock market domain.

• I designed an algorithm at Microsoft that can be used in the stock market domain

• The algorithm can be applied to solve a specific problem in the stock market

• The work I did at Microsoft has potential applications in the financial industry

The minimum distance between opposite ends of a cuboid is the length of the diagonal of the cuboid.

• To find the diagonal, use the Pythagorean theorem: diagonal = sqrt(length^2 + width^2 + height^2)

• The length, width, and height of the cuboid must be known to calculate the diagonal

• The ant can travel along any of the three pairs of opposite walls, so the minimum distance is the shortest diagonal

• Example: A cuboid with length = 3, width = 4, and height = 5 has a diagonal of sqrt(3^...read more

I am passionate about applying my mathematical skills to solve complex problems in the field of analysis.

• I believe that my strong mathematical background provides me with a solid foundation for analytical work.

• Mathematics has taught me critical thinking, problem-solving, and data analysis skills that are essential for an analyst role.

• I enjoy working with numbers and using mathematical models to gain insights and make informed decisions.

• My CPI reflects my dedication and hard w...read more

Foreign elevator company incurring losses in India. Likely issues and solutions?

• Lack of understanding of local market and culture

• Competition from established local players

• Inefficient supply chain and logistics

• Poor after-sales service

• Possible solutions include partnering with local companies, improving supply chain, and enhancing after-sales service

• Conducting market research to better understand the needs and preferences of Indian customers

Martingale is a betting strategy that doubles the bet after each loss. Markov process is a stochastic process with memorylessness.

• Martingale is a betting strategy where the gambler doubles their bet after each loss, with the hope of eventually winning and recouping all previous losses.

• Markov process is a stochastic process where the future state depends only on the present state, not on the past.

• Martingale is not a Markov process because it depends on the history of the bets ...read more

The actual rate of return is more than 10% due to the bond being issued at a discount. The method used for its calculation is Yield to Maturity (YTM).

• Bond issued at discount means the actual rate of return is higher than the fixed rate.

• Yield to Maturity (YTM) is used to calculate the actual rate of return on a bond.

• YTM takes into account the bond's current market price, par value, coupon payments, and time to maturity.

Material Science and Engineering is the study of materials and their properties, behavior, and applications.

• It involves the development of new materials and improving existing ones.

• It includes the study of metals, ceramics, polymers, and composites.

• Applications include aerospace, electronics, medicine, and energy.

• Material scientists and engineers work on designing materials with specific properties for various applications.

• Examples of materials studied include carbon fiber, g...read more

The journal entry for capital being introduced in business involves debiting the cash account and crediting the capital account.

• Debit the cash account to increase the cash balance

• Credit the capital account to reflect the increase in owner's equity

• Journal entry: Cash (Dr) xxx, Capital (Cr) xxx

Ranking of interest rates offered by Bonds, CDS and Loans.

• CDS usually offer the highest interest rates due to their higher risk

• Bonds offer lower interest rates than CDS but are less risky

• Loans typically offer the lowest interest rates as they are secured by collateral

• Interest rates can vary depending on the issuer's creditworthiness and market conditions

Using only 3,3,8,8 and +,-,*,/ operators, make 24.

• There are multiple ways to solve this puzzle.

• One possible solution is: 8 / (3 - 8/3) = 24

• Another solution is: (8 * 3) - (8 / 3) = 24

• Remember to follow the order of operations (PEMDAS).

Answering a question about estimating quant score and overall score in finance.

• I estimate my quant score to be X based on my preparation and practice.

• Adding my quant score to the avg finance score may or may not result in the highest overall score, as it depends on the scores of other candidates.

• However, I am confident in my abilities and believe that I can perform well in both areas.

• I am open to discussing my preparation strategies and study habits further if needed.

Deutsche Bank offers a unique combination of global reach, diverse expertise, and innovative technology.

• Deutsche Bank has a strong global presence with operations in over 60 countries.

• The bank has a diverse range of expertise across various sectors including investment banking, corporate banking, and asset management.

• Deutsche Bank is committed to innovation and has invested heavily in technology to improve its services and operations.

• Goldman Sachs and World Quant may have the...read more

Trade settlement refers to the process of transferring securities and funds between parties involved in a trade. T+1 or T+2 cycle refers to the number of days it takes for the settlement to occur.

• Trade settlement involves the transfer of securities and funds between parties involved in a trade

• T+1 or T+2 cycle refers to the number of days it takes for the settlement to occur

• T+1 means the settlement occurs on the next business day after the trade

• T+2 means the settlement occurs ...read more

Brownian motion is the random movement of particles in a fluid due to collisions with other particles.

• Brownian motion was first observed by Robert Brown in 1827.

• It is caused by the random motion of fluid molecules.

• The motion is characterized by its mean squared displacement over time.

• Brownian motion is used to model a wide range of phenomena, from the diffusion of molecules in a cell to the movement of stock prices in financial markets.

Chromium is added to stainless steel to enhance its corrosion resistance and improve its strength and durability.

• Chromium forms a thin, invisible layer of chromium oxide on the surface of the steel, which prevents rust and corrosion.

• Chromium also increases the steel's hardness and toughness, making it more resistant to wear and tear.

• Stainless steel with higher chromium content is more resistant to high temperatures and oxidation.

• Examples of chromium-containing stainless steel...read more

The journal entry for paying off outstanding liabilities involves decreasing the liability account and decreasing the cash account.

• Debit the liability account to decrease the amount owed

• Credit the cash account to show the cash outflow

• Example: Debit Accounts Payable and credit Cash for the amount paid

Fiscal Cliff is a term used to describe a combination of tax increases and spending cuts. Euro-Debt Crisis refers to the financial crisis faced by some European countries. Palestine war is a conflict between Israel and Palestine.

• Fiscal Cliff: Combination of tax increases and spending cuts in the US

• Euro-Debt Crisis: Financial crisis faced by some European countries like Greece, Spain, and Portugal

• Palestine war: Conflict between Israel and Palestine over land and political cont...read more

Inflation is being talked about these days due to its impact on the economy and people's lives.

• Inflation is a rise in the general level of prices of goods and services over a period of time.

• It reduces the purchasing power of money, making goods and services more expensive.

• Inflation can be caused by factors such as increased demand, supply shortages, or changes in government policies.

• High inflation can erode savings, decrease investment, and lead to economic instability.

• Centra...read more

If a company declares a dividend but does not pay it, the balance sheet of the shareholder will show an increase in their retained earnings and a corresponding decrease in their cash or assets.

• The shareholder's equity will increase by the amount of the declared dividend.

• The company's liabilities will also increase by the same amount until the dividend is paid.

• The shareholder will see an increase in their retained earnings on the balance sheet.

• The shareholder's cash or assets ...read more

Deutsche Bank has a stronger global presence and a more diversified business model compared to Credit Suisse.

• Deutsche Bank has a larger global footprint with operations in over 60 countries.

• Deutsche Bank has a more diversified business model with a strong presence in investment banking, commercial banking, and asset management.

• Credit Suisse has been facing legal and regulatory issues in recent years, while Deutsche Bank has been focusing on improving its risk management and c...read more

Nifty is an index of National Stock Exchange of India. It comprises of 50 companies from 13 sectors.

• Reliance Industries Limited - conglomerate

• HDFC Bank Limited - banking and financial services

• Tata Consultancy Services Limited - IT services

• Hindustan Unilever Limited - consumer goods

• Bharti Airtel Limited - telecommunications

Express JEE rank as xy + yx (put y=1, x = rank - 1)

• JEE rank = 1234 can be expressed as 1221 + 2112

• Replace x with rank - 1 and y with 1 to get the answer

• For example, if rank = 5, then x = 4 and y = 1, so the answer is 4321 + 1234 = 5555

Introducing 4G in India has a huge scope as it can revolutionize the digital landscape. It is a good idea for faster connectivity.

• 4G can provide faster internet speeds and better connectivity for mobile devices

• It can boost the growth of e-commerce, online education, and digital payments

• 4G can also improve communication and access to information in rural areas

• Examples of successful 4G implementation in India include Jio and Airtel

• Overall, introducing 4G in India can have a pos...read more

Mutual fund buys shares on trade date and settles on settlement date.

• Mutual fund purchases shares on the trade date, which is the date the transaction is executed.

• Settlement date is the date on which the mutual fund actually pays for the shares and receives ownership.

• The journal entry on the trade date would debit the investment account and credit the cash account.

• The journal entry on the settlement date would reverse the initial entry and record the actual purchase of shares...read more

Tower Research does not align with my career goals and interests.

• I am looking for a company that aligns with my values and interests

• I have researched Tower Research and do not feel it is the right fit for me

• I am seeking a company with a strong focus on innovation and collaboration

• Tower Research may be a great fit for others, but it is not the right fit for me

Nifty and Sensex are stock market indices in India.

• Nifty is an index of National Stock Exchange (NSE) and Sensex is an index of Bombay Stock Exchange (BSE).

• Nifty comprises of 50 large-cap companies while Sensex comprises of 30 blue-chip companies.

• Both indices are used to measure the performance of the Indian stock market.

• Investors use these indices to track the overall market sentiment and make investment decisions.

Call option gives the holder the right to buy an asset at a specified price, while put option gives the holder the right to sell an asset at a specified price.

• Call option is bullish, while put option is bearish

• Call option profits when the underlying asset price goes up, while put option profits when the underlying asset price goes down

• Call option has unlimited profit potential, while put option has limited profit potential

• Examples: Buying a call option on Apple stock gives th...read more

Estimate the number of windows in a skyscraper

• Determine the height and width of the building

• Estimate the number of floors and windows per floor

• Consider the type of building and its purpose

• Take into account any unique architectural features

• Assume an average window size and spacing

• Consider any visible windows from the exterior

• Use online resources for average window-to-floor ratios

• Adjust estimate based on personal experience or knowledge

• Finalize estimate with a reasonable range

Logistic regression is preferred for interpretability and simplicity compared to random forests.

• Logistic regression is a linear model that is easier to interpret and implement compared to the complex ensemble method of random forests.

• Logistic regression is better suited for binary classification problems where the relationship between the independent variables and the outcome is linear.

• Random forests are more computationally expensive and may overfit on small datasets compare...read more

Fund accounting is a specialized accounting system used by non-profit organizations and government agencies to track and manage funds separately.

• Fund accounting is used to track and manage funds separately for different purposes or restrictions.

• It is commonly used by non-profit organizations, government agencies, and investment companies.

• Each fund has its own set of accounts and financial statements to ensure proper allocation and reporting.

• Fund accounting helps ensure transp...read more

Evaluating different aspects of setting up a business

• Conducting market research to identify demand and competition

• Developing a solid business plan with clear goals and strategies

• Securing funding and resources to support the business

• Complying with legal and regulatory requirements

• Building a strong team with diverse skills and expertise

• Establishing effective marketing and branding strategies

• Monitoring and adjusting business operations to ensure success

Classification models are used to predict the category or class of a new observation based on past data.

• Classification models assign new data points to a specific category or class based on patterns in the training data.

• Common classification algorithms include logistic regression, decision trees, random forests, and support vector machines.

• These models are evaluated based on metrics like accuracy, precision, recall, and F1 score.

• Example: Predicting whether an email is spam or...read more

Algorithm to find the largest number in an array

• Initialize a variable to store the largest number

• Loop through the array and compare each element with the current largest number

• If the element is larger, update the largest number variable

• Return the largest number

Different types of securities include stocks, bonds, options, and mutual funds.

• Stocks represent ownership in a company

• Bonds are debt securities issued by governments or corporations

• Options give the holder the right to buy or sell an asset at a specified price

• Mutual funds pool money from multiple investors to invest in a diversified portfolio

• Other types include ETFs, futures, and derivatives

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

• Types of derivatives include futures, options, swaps, and forwards.

• Futures contracts obligate the buyer to purchase an asset at a specific price on a future date.

• Options give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.

• Swaps involve the exchange of cash flows based on different financial instrum...read more

NSDL and CDSL are depositories in India that hold securities in electronic form.

• NSDL stands for National Securities Depository Limited and CDSL stands for Central Depository Services Limited.

• They were established to facilitate holding and trading of securities in dematerialized form.

• Investors can open a demat account with either NSDL or CDSL through a Depository Participant (DP).

• The depositories hold securities such as stocks, bonds, and mutual funds in electronic form.

• They a...read more

The index value is a numerical representation of the performance of a group of stocks or other assets.

• Index value is calculated by taking the weighted average of the prices of the constituent stocks or assets.

• It is used to track the overall performance of a particular market or sector.

• Examples include the S&P 500, NASDAQ Composite, and Dow Jones Industrial Average.

• Changes in the index value can indicate trends in the market or sector.

• Investors can use index value to make info...read more

Model performance can be assessed using various metrics such as accuracy, precision, recall, F1 score, ROC curve, and confusion matrix.

• Evaluate accuracy to measure overall correctness of the model's predictions.

• Use precision to assess the proportion of true positive predictions among all positive predictions.

• Consider recall to evaluate the proportion of true positive predictions among all actual positives.

• Calculate F1 score as a balance between precision and recall.

• Analyze th...read more

Inflation is the rate at which the general level of prices for goods and services is increasing.

• Inflation reduces the purchasing power of money

• It is measured by the Consumer Price Index (CPI)

• Causes of inflation include increase in money supply, demand-pull, cost-push, etc.

• Hyperinflation is a severe form of inflation where prices rise rapidly

• Inflation can have both positive and negative effects on the economy

The question is about finding the next greater element, a missing number, and OOPS concepts.

• Next greater element: finding the smallest element greater than a given element in an array.

• Missing number: finding the number that is missing from a given sequence of numbers.

• OOPS: Object-Oriented Programming concepts like inheritance, polymorphism, and encapsulation.

Capital markets are financial markets where long-term debt or equity-backed securities are bought and sold.

• Capital markets facilitate the buying and selling of long-term financial instruments such as stocks and bonds.

• They provide a platform for companies and governments to raise funds for various projects and initiatives.

• Investors can trade securities in the capital markets to earn returns on their investments.

• Examples of capital markets include stock exchanges like NYSE and ...read more

Corporate actions are events initiated by a public company that can affect its stock price or ownership structure.

• Corporate actions include dividends, stock splits, mergers, acquisitions, spin-offs, and rights issues.

• These actions can impact shareholders by changing the value of their investments or the number of shares they own.

• Investors need to stay informed about corporate actions to make informed decisions about their investments.

NIFTY is the flagship index of the National Stock Exchange (NSE) of India, comprising of 50 large-cap stocks.

• NIFTY stands for National Stock Exchange Fifty

• It is a market capitalization-weighted index

• It represents the performance of the top 50 companies listed on the NSE

• It is used as a benchmark for Indian equity market performance

Investment opportunities include stocks, bonds, real estate, commodities, and startups.

• Stocks - buying shares of a company

• Bonds - lending money to a corporation or government

• Real estate - purchasing property for rental income or appreciation

• Commodities - investing in physical goods like gold or oil

• Startups - funding early-stage companies in exchange for equity

OOPS concepts are fundamental principles in object-oriented programming, including inheritance, encapsulation, polymorphism, and abstraction.

• Inheritance: Allows a class to inherit properties and behavior from another class. Example: class Dog extends Animal.

• Encapsulation: Bundling data and methods that operate on the data into a single unit. Example: private variables and public methods in a class.

• Polymorphism: Ability to present the same interface for different data types. E...read more

Solve the puzzle m2 = n2 + 32294

• This is a mathematical puzzle

• Find the value of m and n

• Use algebraic equations to solve the puzzle