IDFC Mutual Fund Internship Trainee Interview Questions and Answers

Q1. Incase one farmer will take loan with their property proofs and it will possible to take loan again with same property proofs
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Q2. One person have 10 lakhs property they need 10 lakhs money argently so bank will give that money or not
Ans. No why because bank will give half money I mean that property value 10 lakhs so bank will give 5 or 6 lakhs
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Communication test , essay writing , aptitude , english grammer

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receiv...read more
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Q2. Credit purchase journal entry
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Q3. Credit sales journal entry
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Q4. Prepaid expenses journal entry
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Q5. Current liability meaning
Ans. 
Current liabilities are debts or obligations that are due within one year or the operating cycle of a business.
• Current liabilities are obligations that must be settled within one year or the normal operating cycle of the business.

• Examples include accounts payable, short-term loans, accrued expenses, and taxes payable.

• They are listed on the balance sheet and are important for assessing a company's liquidity and financia
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Pricing strategies of product

Q1. Why you want to go for sales
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Q1. Tell me about urself
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Networking infrastructure

Q1. Database ,SQL, networking
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Q2. Lan , wan ,man all networking
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Q3. How many layer?
Ans. 
The question is unclear and lacks context. It could be referring to layers in a specific context such as networking, software development, or material science.
• Ask for clarification on which specific field or context the question is referring to.

• Provide examples of layers in different contexts such as OSI model in networking, software architecture layers, or layers in materials like soil.

• Explain the importance of unders...read more
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Q1. Aout education and technical questions
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Q2. Based on your skills and job profile
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Q1. Tell me about yourself
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Q2. About last experience
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Q1. What are derivatives
Ans. 
Derivatives are financial contracts that derive their value from an underlying asset or security.
• Derivatives can be used for hedging or speculation.

• Examples of derivatives include futures, options, and swaps.

• Derivatives can be traded on exchanges or over-the-counter.

• Derivatives can be complex and involve significant risk.

• Derivatives are widely used in finance and investment management.
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Q2. What are your views regarding Indian economy?
Ans. 
Indian economy is a developing economy with a huge potential for growth.
• India is the world's sixth-largest economy by nominal GDP and third-largest by purchasing power parity.

• The economy is driven by the service sector, followed by agriculture and manufacturing.

• India has a young and growing population, which can be a huge asset for the economy.

• The government has taken several initiatives like Make in India, Digital Ind...read more
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It was quite easy.
verbal, quant and technical knowledge was covered in it.
After MCQs , there were 2 coding questions of easy level.

Q1. Tell us about yourself. explain the project. OOP concepts SQL join query
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Q2. Stack implementation
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Q1. If we visited your college and asked your friends, why should we hire you, then what will be their replies
Ans. 
My friends would say that you should hire me because I am hardworking, reliable, and a quick learner.
• Hardworking: I always put in my best effort and go the extra mile to achieve my goals.

• Reliable: I am dependable and can be trusted to complete tasks on time and with accuracy.

• Quick learner: I have a strong ability to grasp new concepts and adapt to new situations.

• Team player: I work well with others and contribute posit...read more
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Q2. Testing, validation, sdlc, waterfall model
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Q1. Introduce yourself about background and education
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Q2. About the current market
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