10+ Genpact Associate Interview Questions and Answers

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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