Energy Efficiency Services Deputy Manager Interview Questions, Process, and Tips

Open competitive exam was conducted in All India basis and short listed candidates were called for another round of recruitment.

GD was conducted after test. Topic was related with organisation business area.

Q1. Final round of interview was conducted for shortlisted candidates of GD. I was asked about the questions related with my work experience
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Q2. Describe the current energy efficiency market scenario of the country
Ans. 
The energy efficiency market in the country is growing rapidly.
• The government has launched various initiatives to promote energy efficiency such as the National Mission for Enhanced Energy Efficiency (NMEEE).

• The market is driven by the increasing demand for energy-efficient products and services due to rising energy costs and environmental concerns.

• The adoption of energy-efficient technologies such as LED lighting, sma...read more
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Discussion on prominent business or geopolitical issue among 10-12 participants.

Q1. Major updates under Ind AS
Ans. 
Ind AS updates include changes in revenue recognition, lease accounting, and financial instruments.
• Ind AS 115 introduced a new revenue recognition model

• Ind AS 116 changed the accounting for leases

• Ind AS 109 introduced new rules for financial instruments

• Ind AS 32 and 107 were revised to align with the new financial instruments standard

• Ind AS 103 was revised to align with the new business combinations standard
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Q2. Methods and technicalities in preparing Cash Flow Statement.
Ans. 
Cash Flow Statement preparation involves analyzing cash inflows and outflows.
• Identify cash inflows and outflows from operating, investing, and financing activities

• Calculate net cash flow by subtracting cash outflows from cash inflows

• Prepare a statement of cash flows using the direct or indirect method

• Ensure accuracy by reconciling beginning and ending cash balances
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Q3. Recent Developments in Direct pr Indirect taxation.
Ans. 
Recent developments in direct and indirect taxation include changes in GST rates, introduction of e-invoicing, and new tax slabs.
• GST rates have been revised for various goods and services, such as reduction in rates for hotel room tariffs and outdoor catering services.

• E-invoicing has been introduced for businesses with a turnover of over Rs. 500 crore to improve tax compliance and reduce errors.

• New tax slabs have been ...read more
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