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Genpact

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10+ Cinque Technologies Interview Questions and Answers

Updated 10 Jun 2024
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Q1. What is Purchase Order?

Ans.

A Purchase Order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

  • A Purchase Order is a legally binding document

  • It specifies the details of the products or services being purchased

  • It includes quantities, prices, delivery dates, and terms of payment

  • It serves as a record of the transaction between the buyer and seller

  • Examples: PO#1234 for 100 units of Product A at $10 each, to be delivered by 01/01/2023

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Q2. What is Credit card and Debit card & how do you use if you have.

Ans.

Credit and Debit cards are payment cards that allow you to make purchases without using cash.

  • Credit cards allow you to borrow money from the card issuer up to a certain limit and pay it back later with interest.

  • Debit cards are linked to your bank account and allow you to spend the money you have in your account.

  • Both cards can be used to make purchases online, in stores, and at ATMs.

  • Credit cards offer rewards and cashback programs, while debit cards do not.

  • It is important to k...read more

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Q3. How many types account and Golden rule of accounts:

Ans.

There are two types of accounts - Personal and Impersonal. The Golden Rule of Accounts states that Debit what comes in, Credit what goes out.

  • Types of accounts: Personal (e.g. Capital, Drawings) and Impersonal (e.g. Cash, Furniture)

  • Golden Rule of Accounts: Debit the receiver, Credit the giver (e.g. Debiting Cash when it comes into the business, Crediting Sales when goods are sold)

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Q4. What is Invoice?

Ans.

An invoice is a document that lists the products or services provided by a seller to a buyer, along with the cost and payment terms.

  • An invoice serves as a request for payment from the buyer to the seller.

  • It typically includes details such as the quantity, description, price, and total amount due for the products or services.

  • Invoices are used in business transactions to keep track of sales and payments.

  • They may also include terms of payment, such as due date and payment method...read more

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Q5. What is accounts payable?

Ans.

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

  • Accounts payable represents a company's short-term debt obligations to its suppliers or vendors.

  • It is recorded as a liability on the company's balance sheet.

  • Accounts payable is typically paid within a specified period, often 30, 60, or 90 days.

  • Examples of accounts payable include invoices from suppliers for inventory purchases, utility bills, and servic...read more

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Q6. What do you understand by banking.

Ans.

Banking refers to the business of accepting deposits and lending money.

  • Banking involves accepting deposits from customers and using those funds to provide loans and other financial services.

  • Banks also offer services such as credit cards, investment products, and insurance.

  • Banking is regulated by government agencies to ensure safety and soundness of the financial system.

  • Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

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Q7. What is accounting and golden rules of accounting?

Ans.

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.

  • Accounting involves recording financial transactions of a business.

  • Golden rules of accounting include: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

  • Accounting helps in summarizing and analyzing financial data to make informed business decisions.

  • Financial statements like balance...read more

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Q8. what is AML and Kyc?

Ans.

AML stands for Anti-Money Laundering and KYC stands for Know Your Customer.

  • AML is a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

  • KYC is a process of verifying the identity of customers and assessing their potential risks of illegal intentions.

  • AML and KYC are important in financial institutions to prevent money laundering and terrorist financing.

  • Examples of AML and KYC measures include cust...read more

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Q9. What is entity's and UBO?

Ans.

Entity and UBO refer to legal entities and ultimate beneficial owners respectively.

  • Entity refers to a company, organization or institution that has a legal identity separate from its members or owners.

  • UBO refers to the natural person(s) who ultimately own or control a legal entity.

  • UBO information is important for anti-money laundering and counter-terrorism financing measures.

  • Examples of entities include corporations, partnerships, and trusts.

  • Examples of UBOs include individua...read more

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Q10. What is Pep and sanction?

Ans.

Pep and sanction are measures taken to prevent money laundering and terrorist financing.

  • Pep stands for politically exposed person, which refers to individuals who hold prominent public positions or have close associations with such individuals.

  • Sanction refers to the restriction or prohibition of financial transactions with certain individuals, organizations, or countries due to their involvement in illegal activities or human rights violations.

  • These measures are implemented b...read more

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Q11. What does Genpact?

Ans.

Genpact is a global professional services firm that provides business process outsourcing and digital transformation services.

  • Global professional services firm

  • Specializes in business process outsourcing

  • Offers digital transformation services

  • Headquartered in New York, USA

  • Operates in various industries such as banking, healthcare, and manufacturing

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Q12. Types of financial statements?

Ans.

Financial statements include income statement, balance sheet, cash flow statement, and statement of changes in equity.

  • Income statement shows company's revenues and expenses over a period of time.

  • Balance sheet shows company's assets, liabilities, and shareholders' equity at a specific point in time.

  • Cash flow statement shows how cash and cash equivalents have moved in and out of the company.

  • Statement of changes in equity shows changes in shareholders' equity over a period of ti...read more

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Interview Process at Cinque Technologies

based on 24 interviews
3 Interview rounds
HR Round - 1
HR Round - 2
Aptitude Test Round
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