Grant Thornton Associate/Senior Associate -(Technical) Interview Questions and Answers

Trade cycle in capital markets refers to the process of buying and selling securities.

• The trade cycle starts with the issuance of securities by companies or governments.

• Investors then buy these securities through primary markets.

• These securities are then traded among investors in secondary markets.

• The trade cycle ends when the securities are redeemed or mature.

• Examples of securities include stocks, bonds, and derivativ

Six Sigma is a data-driven methodology used to improve business processes by reducing defects and variability.

• Six Sigma aims to achieve a process that produces no more than 3.4 defects per million opportunities.

• It involves five phases: Define, Measure, Analyze, Improve, and Control (DMAIC).

• Six Sigma tools include statistical analysis, process mapping, and root cause analysis.

• Examples of successful Six Sigma implementat...read more

Types of audit opinions include unqualified, qualified, adverse, and disclaimer.

• Unqualified opinion: no material misstatements found

• Qualified opinion: some issues found but not significant enough to affect overall opinion

• Adverse opinion: significant issues found that affect overall opinion

• Disclaimer: auditor unable to form an opinion due to lack of information or restrictions on scope

• Examples: unqualified - clean audit

Hibernate is an ORM tool that simplifies database operations. It offers better abstraction and reduces boilerplate code.

• Hibernate provides a higher level of abstraction over JDBC and Spring ORM.

• It reduces boilerplate code and makes database operations simpler.

• Hibernate supports caching and lazy loading, which improves performance.

• Hibernate supports object-oriented programming concepts like inheritance and polymorphism.

• ...read more

Abstract classes are classes that cannot be instantiated and can have both abstract and non-abstract methods. Interfaces are contracts that define a set of methods that a class must implement.

• Abstract classes can have constructors, while interfaces cannot.

• A class can implement multiple interfaces, but can only inherit from one abstract class.

• Abstract classes can have instance variables, while interfaces cannot.

• An examp...read more

SOLID is a set of design principles for object-oriented programming.

• S - Single Responsibility Principle: A class should have only one reason to change.

• O - Open/Closed Principle: A class should be open for extension but closed for modification.

• L - Liskov Substitution Principle: Subtypes should be substitutable for their base types.

• I - Interface Segregation Principle: A client should not be forced to depend on methods it...read more

Joinkeys is a utility in Mainframe SORT that allows merging of two or more files based on a common key.

• Joinkeys is used to merge two or more files based on a common key.

• It is used in Mainframe SORT utility.

• Joinkeys can be used to merge files with different record formats.

• It can also be used to merge files with different record lengths.

• Joinkeys can be used to merge files with different sort orders.

• Joinkeys can be used t