Hitachi Cash Management Services
10+ AVASOFT Interview Questions and Answers
Q1. ATM EOD process & Difference between physical and switch
ATM EOD process involves reconciling transactions and balancing cash. Physical ATM involves physical cash, while switch ATM involves electronic transactions.
ATM EOD process includes reconciling transactions, balancing cash, and updating records.
Physical ATM involves physical cash being deposited and withdrawn by customers.
Switch ATM involves electronic transactions being processed through a network.
Difference lies in the handling of physical cash vs electronic transactions.
Ex...read more
Q2. How do resolve shutter tempering?
Shutter tampering can be resolved by implementing security measures such as surveillance cameras, alarms, and tamper-proof locks.
Install surveillance cameras to monitor any suspicious activity around the shutter.
Use alarms that will alert authorities or security personnel in case of tampering.
Implement tamper-proof locks or security seals to prevent unauthorized access.
Regularly inspect the shutter for any signs of tampering or damage.
Train employees on security protocols and...read more
Q3. What is RNM work?
RNM work stands for Remote Neural Monitoring, a controversial technology that involves monitoring the brain activities of individuals remotely.
RNM work is a technology that allegedly allows for the remote monitoring of an individual's brain activities.
It is often associated with conspiracy theories and claims of government surveillance.
There is debate over the existence and capabilities of RNM technology, with some believing it to be a form of mind control.
Examples of RNM wor...read more
Q4. Are you comfortable no fix working time table
Yes, I am comfortable with a flexible working schedule.
I am adaptable and can work around changing schedules
I understand the importance of being available when needed
I am willing to work outside of regular business hours if required
Q5. Type of EOD & difference
End of Day (EOD) can be classified as hard EOD or soft EOD based on the strictness of the deadline and consequences for missing it.
Hard EOD: strict deadline, consequences for missing it
Soft EOD: flexible deadline, less severe consequences for missing it
Q6. What is your knowledge of asset accounting?
Asset accounting involves tracking and managing a company's fixed assets throughout their lifecycle.
Asset classification: Categorizing assets into tangible and intangible, e.g., machinery vs. patents.
Depreciation methods: Understanding straight-line vs. declining balance methods for asset value reduction.
Asset acquisition: Recording the purchase of assets, including costs like installation and transportation.
Asset disposal: Managing the sale or retirement of assets, ensuring ...read more
Q7. What is TDS, and what are the applicable rates?
TDS (Tax Deducted at Source) is a tax collected at the source of income, applicable on various payments.
TDS is applicable on salaries, interest payments, rent, professional fees, etc.
For salaries, TDS rates depend on the individual's income tax slab.
Interest on bank deposits attracts TDS at a rate of 10% if it exceeds ₹40,000.
Rent payments exceeding ₹2,40,000 per annum are subject to TDS at 10%.
Professional fees are generally subject to TDS at a rate of 10%.
Q8. What is the reason for searching job
To enhance my skills and gain new experiences in a challenging environment.
To learn new things and grow professionally
To gain experience in a new industry or field
To challenge myself and take on new responsibilities
To increase my earning potential
To work with a great team and company culture
Q9. Can I upsell and cross sell
Yes, I have experience and skills in upselling and cross-selling.
I have a proven track record of successfully upselling and cross-selling products and services to existing customers.
I am skilled at identifying customer needs and recommending additional products or services that align with their goals.
I have strong communication and persuasion skills to effectively present upsell and cross-sell opportunities.
I am familiar with sales techniques and strategies to maximize upsell...read more
Q10. What is full formof ATM
Automated Teller Machine
ATM stands for Automated Teller Machine
ATMs are electronic banking machines that allow customers to perform various financial transactions without the need for a human teller
Common transactions include cash withdrawals, deposits, balance inquiries, and fund transfers
ATMs are usually located in public places such as banks, shopping malls, and convenience stores
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