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10+ Genpact Associate Interview Questions and Answers

Updated 26 Dec 2024

Q1. Can you give a live example of money laundering?

Ans.

Money laundering is the process of disguising the proceeds of illegal activity as legitimate funds.

  • Money laundering involves three stages: placement, layering, and integration.

  • Placement involves introducing the illegal funds into the financial system.

  • Layering involves moving the funds through a series of transactions to make it difficult to trace their origin.

  • Integration involves using the laundered funds to purchase assets or invest in legitimate businesses.

  • An example of mon...read more

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Q2. What is money laundering?

Ans.

Money laundering is the process of making illegally obtained money appear to have been obtained through legal means.

  • It involves disguising the source of funds to make them appear legitimate

  • It is often associated with organized crime and drug trafficking

  • Common methods include using shell companies, offshore accounts, and cash businesses

  • Money laundering is illegal and can result in severe penalties, including imprisonment and fines

  • Examples include buying expensive assets with c...read more

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Q3. What's a Single Ops tool?

Ans.

Single Ops tool is a software that helps businesses manage their operations from a single platform.

  • It streamlines processes and improves efficiency

  • It can include features like scheduling, inventory management, and invoicing

  • Examples include ServiceTitan, Jobber, and Housecall Pro

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Q4. Who control banks in India ?

Ans.

The Reserve Bank of India (RBI) is the regulatory authority that controls banks in India.

  • The RBI is responsible for issuing licenses to banks and regulating their operations.

  • It also sets monetary policies and manages the country's foreign exchange reserves.

  • The RBI has the power to inspect and audit banks to ensure compliance with regulations.

  • In addition, the government of India has some control over public sector banks.

  • However, private sector banks are largely controlled by t...read more

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Q5. What is CVV, and how to prevent fraud ?

Ans.

CVV is a 3-digit security code on credit/debit cards. To prevent fraud, never share CVV, use secure websites, monitor transactions.

  • CVV stands for Card Verification Value, a 3-digit security code on credit/debit cards

  • Never share CVV with anyone, including over phone or email

  • Use secure websites for online transactions to prevent CVV theft

  • Regularly monitor credit card transactions for any unauthorized charges

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Q6. What is phishing and how to prevent it?

Ans.

Phishing is a type of cyber attack where attackers impersonate legitimate organizations to trick individuals into providing sensitive information.

  • Be cautious of emails asking for personal information or urgent action

  • Check the sender's email address for any discrepancies

  • Avoid clicking on suspicious links or downloading attachments from unknown sources

  • Use security software to help detect and prevent phishing attempts

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Q7. How do you deal with ransomeware alerts

Ans.

I promptly isolate the infected system, disconnect it from the network, and report the incident to the IT security team.

  • Isolate the infected system to prevent further spread of the ransomware

  • Disconnect the infected system from the network to contain the threat

  • Report the incident to the IT security team for further investigation and remediation

  • Restore data from backups if available

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Q8. What is capital market?

Ans.

Capital market is a financial market where long-term securities are traded.

  • It is a market for buying and selling of long-term securities such as stocks, bonds, and debentures.

  • It provides a platform for companies and governments to raise funds for their long-term investment needs.

  • The capital market is divided into two segments: primary market and secondary market.

  • Primary market is where new securities are issued and sold to the public for the first time.

  • Secondary market is whe...read more

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Q9. Which are three Golden Rules

Ans.

Three Golden Rules are: Do unto others as you would have them do unto you, Love your neighbor as yourself, and Honor your father and mother.

  • Do unto others as you would have them do unto you - treat others the way you want to be treated

  • Love your neighbor as yourself - show kindness and compassion to those around you

  • Honor your father and mother - respect and appreciate your parents and their guidance

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Q10. What is Order to cash ?

Ans.

Order to cash is the process of receiving and fulfilling customer orders, and receiving payment for those orders.

  • Order to cash involves multiple steps, including order entry, order fulfillment, invoicing, and payment processing.

  • It is a critical process for businesses as it directly impacts revenue and customer satisfaction.

  • Examples of order to cash systems include SAP, Oracle, and Salesforce.

  • Efficient order to cash processes can lead to improved cash flow and reduced order pr...read more

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Q11. explain p2p cyacke and po and no po invoices

Ans.

P2P cycle involves procurement, receiving, invoicing, and payment. PO invoices are based on purchase orders, while non-PO invoices are not.

  • P2P cycle includes procurement, receiving, invoicing, and payment

  • PO invoices are based on purchase orders

  • Non-PO invoices are not based on purchase orders

  • PO invoices have a pre-approved budget and quantity

  • Non-PO invoices require additional approval before payment

  • PO invoices are easier to process and track

  • Non-PO invoices can be more complex ...read more

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Q12. Recent example of Money laundering?

Ans.

Danske Bank money laundering scandal

  • Danske Bank's Estonian branch was involved in a money laundering scandal

  • Around €200 billion was laundered through the branch between 2007 and 2015

  • The scandal led to the resignation of the bank's CEO and several other executives

  • Investigations are ongoing in several countries, including Denmark, Estonia, and the US

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Q13. Define banking ?

Ans.

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

  • Banks accept deposits from customers and use those funds to make loans and investments.

  • They provide various financial services such as checking accounts, savings accounts, loans, credit cards, and investment products.

  • Banks also play a crucial role in the economy by facilitating the flow of money and credit.

  • Examples of banks include JPMorgan Chase, Bank of America, Well...read more

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Q14. comfortable for night shifts

Ans.

Yes, I am comfortable with night shifts and have experience working during those hours.

  • I have worked night shifts in my previous job and have adapted to the schedule

  • I am a night owl and prefer working during those hours

  • I understand the importance of being alert and focused during night shifts

  • I am willing to adjust my sleep schedule to accommodate night shifts

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Q15. What is insurance?

Ans.

Insurance is a financial protection against potential losses or risks.

  • Insurance is a contract between an individual or entity and an insurance company where the individual/entity pays a premium in exchange for financial protection against potential losses or risks.

  • Types of insurance include health insurance, life insurance, auto insurance, home insurance, and more.

  • Insurance helps individuals and businesses manage risks by providing financial compensation in case of unexpected...read more

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Q16. What is Auto claims?

Ans.

Auto claims refer to insurance claims made for damages or injuries resulting from automobile accidents.

  • Auto claims involve filing a claim with an insurance company after a car accident.

  • The insurance company assesses the damages and determines the coverage based on the policy.

  • Examples of auto claims include claims for vehicle repairs, medical expenses, and property damage.

  • Auto claims can also involve disputes over fault and coverage between parties involved in the accident.

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Q17. What is claims?

Ans.

Claims are requests made by individuals or healthcare providers to insurance companies for payment of services rendered.

  • Claims are typically submitted by healthcare providers to insurance companies for reimbursement of medical services provided to patients.

  • Claims can also be submitted by individuals for reimbursement of out-of-pocket expenses related to healthcare services.

  • Insurance companies review claims to determine coverage eligibility and process payments accordingly.

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Q18. what is dhcp server

Ans.

DHCP server assigns IP addresses to devices on a network automatically.

  • Automatically assigns IP addresses to devices on a network

  • Helps in managing and organizing IP addresses efficiently

  • Reduces the need for manual configuration of IP addresses

  • Example: When a new device connects to a network, DHCP server assigns it an IP address

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Q19. which priveds ip add

Ans.

The question seems to be asking about what provides IP addresses.

  • IP addresses are provided by Internet Service Providers (ISPs)

  • Devices on a network can also assign IP addresses through DHCP (Dynamic Host Configuration Protocol)

  • IP addresses can be manually assigned as well

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Interview Process at Genpact Associate

based on 27 interviews
3 Interview rounds
Technical Round
HR Round
Personal Interview1 Round
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