First American Corporation Associate Interview Questions and Answers

Its good experience of mine & it's first company of life

Q1. Self introduction
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Q2. Basic knowledge about insurance
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Typing, Reasoning, speaking

Q1. Tell me about yourself
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Q2. What do you know about this company?
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Q1. What do u mean by IRDAI
Ans. Indian Regulatory Development Authority of India
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Q1. Introduce yourself
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It consists of logical,reasoning, insurance, accounts

Q1. What is debenture? , whether capital is an asset or liablity?
Ans. 
A debenture is a type of debt instrument that is issued by a company or government entity to raise capital.
• Debentures are typically long-term investments with a fixed interest rate and maturity date.

• They are unsecured, meaning they are not backed by any specific collateral.

• Debenture holders are considered creditors of the company and have a claim on its assets in case of default.

• Capital is considered a liability as it ...read more
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Q2. What is bank reconciliation statement ?
Ans. 
Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.
• It helps to identify any discrepancies between the two records.

• It includes items such as deposits, withdrawals, and bank fees.

• It ensures that the company's financial records are accurate and up-to-date.

• It is usually prepared on a monthly basis.

• Example: If the bank statement shows a withdrawal of $100 but t...read more
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Q3. What is debentureee ?
Ans. 
A debenture is a type of debt instrument that is not secured by physical assets or collateral.
• Debenture holders are creditors of the company and have a right to receive interest and principal payments.

• Debentures can be issued by corporations, governments, and other organizations.

• Debentures can be convertible or non-convertible, and can have varying maturity dates and interest rates.

• Debentures are often used as a way fo...read more
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Q1. Difference between straight line method and diminishing balance method, somemore questions
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Q1. Last company experiance
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Q1. Brake system working
Ans. 
The brake system is responsible for slowing down or stopping a vehicle by applying friction to the wheels.
• The brake system consists of components such as brake pads, rotors, calipers, and brake fluid.

• When the brake pedal is pressed, brake fluid is sent through the brake lines to the calipers, which then squeeze the brake pads against the rotors to create friction and slow down the vehicle.

• Regular maintenance of the bra...read more
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Q2. Pr system working
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Maths is difficult , long aptitude test

Q1. Why u left previous company
Ans. 
Seeking new challenges and opportunities for growth.
• Desire for career advancement

• Looking for new challenges

• Opportunity for professional growth
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Q2. Good opportunities
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