ESAF CO-OPERATIVE Senior Officer Operations Interview Questions and Answers

Simple aptitude and general reasoning questions

Q1. What do you understand about derivatives
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or security.
• Derivatives can be used for hedging or speculation.

• Examples of derivatives include futures, options, and swaps.

• Derivatives can be traded on exchanges or over-the-counter.

• Derivatives can be complex and carry significant risk.

• Derivatives played a role in the 2008 financial crisis.
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Q2. What's product/Trade life cycle
Ans. 
Product/Trade life cycle refers to the stages a product or trade goes through from its conception to its decline.
• It includes stages like introduction, growth, maturity, and decline.

• During the introduction stage, the product is launched and marketed to create awareness.

• In the growth stage, sales and revenue increase rapidly.

• The maturity stage is characterized by stable sales and revenue.

• Finally, in the decline stage, sa...read more
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Aptitude test logical reasoning

It was related to customer approach

Q1. Basic finance question
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Q1. Salary, and reallocate
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Q1. What is invoicing
Ans. 
Invoicing is the process of sending a bill to a customer for goods or services provided.
• Invoicing includes details such as the quantity of items, price per item, total amount due, payment terms, and payment instructions.

• It is an important part of the billing process for businesses to receive payment for their products or services.

• Invoices can be sent electronically or in paper format.

• Invoicing helps businesses keep tra...read more
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Q2. What id3 way matching
Ans. 
3-way matching is a process used in accounting to ensure that the three documents - purchase order, invoice, and receiving report - match.
• Three documents involved: purchase order, invoice, and receiving report

• Ensures accuracy and prevents fraud

• Helps in verifying the quantity, price, and terms of the transaction
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Q3. Types of po number
Ans. 
Types of PO numbers include standard PO numbers, blanket PO numbers, and contract PO numbers.
• Standard PO numbers are used for one-time purchases.

• Blanket PO numbers are used for multiple purchases over a period of time.

• Contract PO numbers are used for purchases based on a specific contract agreement.
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Q4. What do you understand p2p
Ans. 
P2P stands for peer-to-peer, a decentralized communication model where two or more parties interact directly with each other.
• P2P networks allow users to share resources, such as files or bandwidth, without the need for a central server.

• Examples of P2P networks include BitTorrent for file sharing and Bitcoin for cryptocurrency transactions.

• P2P communication can be more secure and efficient than traditional client-server
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Q5. Difference in po and invoice
Ans. 
PO is a purchase order issued by a buyer to a seller, outlining the products or services to be purchased. An invoice is a bill issued by the seller to the buyer, requesting payment for the products or services provided.
• Purchase Order (PO) is issued by the buyer to the seller, specifying the products or services to be purchased.

• Invoice is issued by the seller to the buyer, requesting payment for the products or services...read more
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Q1. Self introduction
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Q2. Are u work with Flexible shift
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Q1. Work experience
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Q2. Salary expectation
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Q1. Factca csr Cass gdpr
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Q1. Ta rules Cass gdpr
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Q1. TL scenario base questions
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Numerical resoaning, Verbal resonaing, logical reasoning

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