HCLTech Transaction Processing Associate Interview Questions and Answers

Q1. Basic accounting related questions , journal entry .
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Q1. Normal question personal information
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Q1. Focus on capital markets basic financial concept
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Q2. Primary secondary market
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Q3. Derivatives bond equity
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Q4. NSE BSE SEBI custodian
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Logical reasoning blood relationship mathematics distance

Q1. What is withdrawal
Ans. 
Withdrawal is the act of taking money out of an account or the symptoms experienced when stopping the use of a substance.
• Withdrawal in banking refers to taking money out of an account, either through an ATM, bank teller, or other means

• Withdrawal in substance abuse refers to the physical and mental symptoms experienced when a person stops using a drug or alcohol

• Examples of withdrawal symptoms include nausea, sweating, a
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Q2. What i you think about 401k
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Q1. Tell me about yourself (Educational Qualification & Family Background) and What do you know about Genpact?
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Q2. Do you have any experience? If yes then in which field?
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Q1. What is Insurance and claims? What are their types?
Ans. 
Insurance is a contract between a policyholder and an insurer to provide financial protection against specified risks. Claims are requests made by policyholders to receive benefits from their insurance policies.
• Insurance is a risk management tool that helps individuals and businesses protect themselves against potential financial losses.

• There are various types of insurance such as life insurance, health insurance, auto...read more
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Q2. How do you handle an unsatisfied and angry customer? What are your short-term as well as long-term goals?
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Q3. Why do you want to work with us?
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Q1. What are your academic qualifications? What are your salary expectations? Again basic questions related to job profile.
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Q1. Tell me about yourself?
Ans. 
I am a detail-oriented individual with strong analytical skills and a background in transaction processing.
• I have a Bachelor's degree in Finance and experience working in a financial institution.

• I am proficient in using various software and tools for transaction processing.

• I have a keen eye for accuracy and can work efficiently under pressure.

• I am a team player and can communicate effectively with colleagues and client
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Q2. What is business process outsourcing?
Ans. 
Business process outsourcing is when a company contracts out specific business tasks to a third-party provider.
• Companies outsource tasks like customer service, payroll processing, and IT services to save costs and improve efficiency.

• Outsourcing can be done domestically or internationally, depending on the company's needs and budget.

• Popular outsourcing destinations include India, the Philippines, and Eastern Europe.

• Outs...read more
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Q1. What is investment banking ?
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions.
• Helps companies raise capital through issuing stocks and bonds

• Provides advisory services for mergers and acquisitions

• Assists with restructuring and reorganizing companies

• Offers trading and market-making services

• Examples include Goldman Sachs, J.P. Morgan, and Morgan Stanley
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Q2. What is HIPPA law?
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Q3. What is defined benefit plans?
Ans. 
Defined benefit plans are retirement plans where an employer promises a specified monthly benefit upon retirement.
• Employer bears the investment risk and guarantees a specific benefit amount

• Benefit amount is usually based on salary and years of service

• Common examples include pension plans offered by government agencies and large corporations
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Q1. What is retriment plans
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Retirement plans are financial arrangements designed to provide individuals with a source of income during retirement.
• Retirement plans can include employer-sponsored plans like 401(k) or pension plans, as well as individual retirement accounts (IRAs).

• Contributions to retirement plans are often tax-deferred, meaning individuals do not pay taxes on the money they contribute until they withdraw it during retirement.

• Retire...read more
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Q2. What is assets?
Ans. 
Assets are resources owned by a company or individual that have economic value.
• Assets can include cash, investments, property, equipment, and inventory.

• Assets are typically listed on a company's balance sheet.

• Assets can be classified as current assets (e.g. cash and inventory) or non-current assets (e.g. property and equipment).
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Q1. If you have certification of these levels why do you want to work with us ?
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