GoMechanic Interview Questions and Answers

Q1. Brief introduction
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Q2. What is your strength and weakness
Ans. 
Strength: Strong analytical skills, Weakness: Difficulty delegating tasks
• Strength: Ability to analyze complex financial data and make strategic decisions

• Strength: Strong attention to detail and accuracy in financial reporting

• Weakness: Struggle with delegating tasks and trusting others to complete them

• Weakness: Tendency to take on too much work and become overwhelmed
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Q1. What is Working capital
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Working capital is the difference between current assets and current liabilities, representing the funds available for day-to-day operations.
• Working capital is calculated by subtracting current liabilities from current assets.

• It represents the liquidity available to a company for its daily operations.

• Positive working capital indicates that a company has enough assets to cover its short-term liabilities.

• Negative working...read more
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Q2. Golden rule of accounting
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The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Assets = Liabilities + Equity

• Helps maintain the balance in financial statements
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Q1. Have you conducted IPO
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Yes, I have conducted IPOs for multiple companies in my previous role as Assistant Company Secretary.
• Led the IPO process from start to finish, including drafting prospectuses and coordinating with legal and financial teams

• Ensured compliance with regulatory requirements and stock exchange rules

• Managed investor relations and communications during the IPO process

• Examples: Successfully conducted IPOs for Company X and Comp
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General SQL and Python questions for Data analysis and Visualization tools

Q1. What do you understand y Churn Rate ?
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Churn Rate is the percentage of customers who stop using a product or service over a certain period of time.
• Churn Rate is calculated by dividing the number of customers who stopped using the product by the total number of customers at the beginning of the period.

• It is used to measure customer retention and satisfaction.

• A high churn rate indicates that a company may be losing customers at a high rate, while a low churn ...read more
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Q2. What can be done to increase retention rate ?
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To increase retention rate, companies can focus on improving employee engagement, providing opportunities for growth and development, offering competitive compensation and benefits, and creating a positive work culture.
• Improve employee engagement through regular feedback sessions and recognition programs

• Provide opportunities for growth and development through training programs and career advancement opportunities

• Offer ...read more
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Q1. Previous experience?
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Q2. Why you left last company?
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Q3. Your roles and responsibilities?
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Q1. In depth understanding why you left last organization?
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Q2. Why you want to join GoMechanic?
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Q3. Your roles and responsibilities in last company?
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Q4. What new you will bring by joining in as TL?
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Q5. What changes you will make in the process by joining in?
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Q1. How do you take feedbacks.
Ans. 
I embrace feedback as a vital tool for growth, using it to enhance my skills and improve team dynamics.
• I actively seek feedback from peers and supervisors to identify areas for improvement.

• For example, after a project, I ask team members for their thoughts on my contributions.

• I view constructive criticism as an opportunity to learn rather than as a personal attack.

• In my previous role, I implemented suggestions from my ...read more
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Q2. Can you provide an overview of your portfolio?
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My portfolio showcases diverse design projects, emphasizing creativity, user experience, and innovative solutions across various industries.
• Led a team in redesigning a mobile app for a retail client, resulting in a 30% increase in user engagement.

• Developed branding materials for a startup, including logo design and marketing collateral, which helped establish their market presence.

• Created an interactive website for a n...read more
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Q1. Knowledge about car
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Q2. Mechanical knowledge
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Q1. Vlook up and hlookup
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Q2. Cont if and sum if
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CONTIF and SUMIF are Excel functions used for conditional calculations and summations based on specified criteria.
• CONTIF counts the number of cells that meet a specific condition. Example: =COUNTIF(A1:A10, '>10') counts cells greater than 10.

• SUMIF sums the values in a range that meet a specific condition. Example: =SUMIF(B1:B10, 'Yes', C1:C10) sums values in C where B is 'Yes'.

• Both functions are useful for data anal...read more
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