Haldiram Foods Finance Intern Interview Questions and Answers

Questions about your personality, they provide sentences that you need to be disagree or agree

Video interview, you answer some questions related the role you are applying and you submited in videos.

My topic was Moonlighting

Q1. What is golden rule
Ans. 
The golden rule is a moral principle that encourages people to treat others as they would like to be treated themselves.
• The golden rule is also known as the ethic of reciprocity.

• It is found in many religions and cultures around the world.

• Examples include 'Do unto others as you would have them do unto you' in Christianity and 'What you do not wish for yourself, do not do to others' in Islam.
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Q2. Basic questions about finance.
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Q3. What is depreciation
Ans. 
Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, age, and obsolescence of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Depreciation is important for accurately reflecting the true value of assets...read more
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Q4. What is Debit, credit
Ans. 
Debit and credit are accounting terms used to record financial transactions in a company's general ledger.
• Debit is an entry that increases assets or expenses and decreases liabilities or equity.

• Credit is an entry that decreases assets or expenses and increases liabilities or equity.

• Debits are recorded on the left side of an account, while credits are recorded on the right side.

• For example, when a company receives cash,...read more
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Q5. What is repo rate
Ans. 
Repo rate is the rate at which the central bank lends money to commercial banks for a short period of time.
• Repo rate is used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means higher borrowing costs for banks, leading to lower liquidity in the market.

• Conversely, a lower repo rate encourages banks to borrow more, increasing liquidity in the market.

• For example, if the central bank...read more
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Q1. About work experience in general
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Technicalities about overall finance and accounting

Q1. Practical question which requires subject knowledge in depth
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Q1. Job experience related?
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Q2. Scenario based questions
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Q1. Tell me about yourself?
Ans. 
Experienced finance professional with a strong background in financial analysis and strategic planning.
• Over 8 years of experience in finance roles

• Skilled in financial analysis, budgeting, and forecasting

• Proven track record of improving financial processes and driving profitability

• Strong communication and leadership skills

• MBA in Finance from XYZ University
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Q1. Basic knowledge relates to finance
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Q1. Few gst related and audit related case studies
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Logical reasoning, analytical skills

Leadership discussion

Q1. Interest and culture fitment
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Q1. What is capital budgeting?
Ans. 
Capital budgeting is the process of planning and evaluating long-term investment decisions.
• It involves analyzing potential investments and deciding which ones to pursue

• Factors such as cash flow, risk, and return are considered

• Techniques used include net present value, internal rate of return, and payback period

• Examples include building a new factory, investing in research and development, or acquiring another company
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Q2. What is a cut-off procedure?
Ans. 
Cut-off procedure is a process of determining the point at which a transaction or event is no longer included in the current period's financial statements.
• It is used to ensure that financial statements accurately reflect the financial position of a company at the end of a reporting period.

• It involves reviewing transactions and events that occurred after the end of the reporting period to determine if they should be inc...read more
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Q1. What is more important, Revenue or Profits?
Ans. 
Both revenue and profits are important, but profits are more crucial for long-term sustainability and growth.
• Revenue is the total amount of money earned by a company from its sales, while profits are the amount of money left over after deducting all expenses.

• While revenue is important for a company's short-term success, profits are crucial for its long-term sustainability and growth.

• A company with high revenue but low ...read more
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Q1. Work experience
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Q2. Excel Proficiency
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