eClerx Financial Analyst Interview Questions, Process, and Tips

Q1. Tell me about yourself
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Test was divided into 3 sections(English, quants, logical reasoning)

Q1. Derivatives and its types with examples
Ans. 
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 are agreements to buy or sell an asset at a specific price on a future date.

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

• Swaps involve the...read more
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English,reasoning, Quant

Q1. Talk on topic for 1 minute
Ans. 
The importance of financial analysis in decision-making
• Financial analysis helps in evaluating the financial health and performance of a company

• It provides insights into the profitability, liquidity, and solvency of the organization

• Financial analysis aids in making informed investment decisions

• It assists in identifying trends, patterns, and potential risks in financial data

• Financial analysis helps in budgeting, forecast...read more
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Q1. What is kyc,bse and nse,fifo method, etc
Ans. 
KYC stands for Know Your Customer, BSE and NSE are stock exchanges in India, FIFO method is a way of valuing inventory.
• KYC is a process used by financial institutions to verify the identity of their clients.

• BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) are the two main stock exchanges in India.

• FIFO (First In, First Out) method is a way of valuing inventory where the first items purchased are the first i
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Not too much tough it little bit easy

Q1. Basic question about yourself and communication skill
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Q1. Finance related question what is investment banking what is finance
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Q2. What is share market
Ans. 
Share market is a platform where buying and selling of company stocks and securities takes place.
• Share market allows companies to raise capital by selling shares to investors

• Investors can buy and sell shares to make profits

• Prices of shares are determined by supply and demand in the market

• Examples: New York Stock Exchange (NYSE), NASDAQ
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COVID pandemic and plastic

Q1. What is capital and money market?
Ans. 
Capital market is where long-term securities are bought and sold, while money market deals with short-term debt securities.
• Capital market involves trading of long-term securities like stocks and bonds

• Money market deals with short-term debt securities like treasury bills and commercial paper

• Capital market helps in raising long-term funds for companies and governments

• Money market provides short-term liquidity and financi...read more
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Q2. What is derivatives
Ans. 
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 positions on the future price movements of the underlying asset without actually owning it.

• They can be used to manage risk by providing insuranc...read more
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Q3. 3 golden rules of account
Ans. 
The 3 golden rules of accounting are the rules that govern how transactions are recorded in financial statements.
• 1. The accounting equation must always balance: Assets = Liabilities + Equity

• 2. Every transaction must be recorded in at least two accounts: one account will be debited and the other credited

• 3. The accounting period assumption states that financial statements should be prepared at regular intervals, usually
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Q1. Tell me about yourself
Ans. 
Experienced financial analyst with a strong background in financial planning and analysis.
• Over 5 years of experience in financial analysis

• Proficient in financial modeling and forecasting

• Skilled in budgeting and variance analysis

• Strong analytical and problem-solving skills

• Excellent communication and presentation abilities
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Q2. Tell me about different types of kyc
Ans. 
KYC stands for Know Your Customer and includes various types such as basic KYC, enhanced KYC, and ongoing KYC.
• Basic KYC involves verifying customer identity through documents like ID proof and address proof.

• Enhanced KYC includes additional verification steps like in-person verification or biometric authentication.

• Ongoing KYC involves regularly updating customer information to ensure compliance with regulations.

• Examples...read more
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Reasoning,maths, english

Q1. Tell me about regulators of india
Ans. 
Regulators in India oversee various sectors including finance, securities, telecommunications, and more.
• Securities and Exchange Board of India (SEBI) regulates the securities market

• Reserve Bank of India (RBI) regulates the banking sector

• Telecom Regulatory Authority of India (TRAI) regulates the telecommunications industry

• Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance sector
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