Glocom Retail Business Development Lead Interview Questions and Answers

Q1. Questions related to Job Description and Brief about the present profile
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Q2. Questions about team leading skills
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Q1. General HR Related quu
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Online test for accounting, maths

Q1. General account knowledge and past work related question
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Q1. What is Amortisation ?
Ans. 
Amortisation is the process of spreading out the cost of an asset over its useful life.
• It is a method of accounting used to reduce the value of an intangible asset over time

• It is commonly used for assets such as patents, trademarks, and copyrights

• The cost of the asset is divided into equal amounts over the useful life of the asset

• The amount of amortisation is recorded as an expense on the income statement

• Example: A com...read more
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Q2. What is Prepaid expense
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Prepaid expense is an advance payment made for goods or services that will be received in the future.
• Prepaid expenses are recorded as assets on the balance sheet

• They are gradually expensed over time as the goods or services are received

• Examples include prepaid rent, insurance premiums, and subscriptions

• Prepaid expenses are commonly used in businesses to manage cash flow
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Q1. SAS and SQL related interview questions.
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Q1. Manager round- SAS and SQL related interview questions.
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Q1. About the Indian Banking Industry
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Q2. What is Money laundering
Ans. 
Money laundering is the process of making illegally obtained money appear to be legitimate.
• It involves disguising the source of the money through a series of transactions

• The purpose is to make the money usable without raising suspicion

• Examples include buying and selling assets, transferring funds between accounts, and using shell companies

• Money laundering is often associated with organized crime and terrorism financing
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Q1. Basic understanding of SCM
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Q1. Tools & techniques used for operations
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Various tools and techniques are used for smooth operations.
• We use project management software like Trello and Asana to track progress and assign tasks.

• We also use communication tools like Slack and Zoom for team collaboration and meetings.

• For data analysis, we use tools like Excel and Google Analytics.

• We also implement Lean Six Sigma methodologies to improve efficiency and reduce waste.

• Regular training and development...read more
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Route planning and decision making based on data.

Q1. Techical along with behavioural
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Q2. 1. Role & responsibilities
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Q3. Challenges & learning in current role
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Q1. Budget and its type.
Ans. 
Budget is a financial plan that outlines expected income and expenses for a specific period.
• Budget can be of different types such as operating budget, capital budget, cash budget, etc.

• Operating budget is used to plan and control day-to-day expenses of a business.

• Capital budget is used to plan long-term investments such as buying new equipment or expanding the business.

• Cash budget is used to manage cash flow and ensure ...read more
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Q2. What is variance analysis?
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Variance analysis is a tool used to compare actual financial results to planned or expected results.
• It involves identifying and analyzing the differences between actual and expected results.

• It helps in identifying the reasons for the variances and taking corrective actions.

• It is used to evaluate the performance of a business or a specific project.

• Examples include analyzing the variance in sales revenue, expenses, and p...read more
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Q1. Are you an immediate joiner? What is company's notice period? Is the notice period negotiable?
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Q2. What is you salary expectation?
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