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10+ Arrow Engineering Industries Interview Questions and Answers

Updated 25 Sep 2024

Q1. What is the recent merger and acquisition in India

Ans.

The recent merger and acquisition in India is the acquisition of Future Group by Reliance Industries.

  • Reliance Industries acquired Future Group's retail, wholesale, logistics, and warehousing businesses for $3.4 billion.

  • This acquisition will strengthen Reliance's position in the retail market and expand its presence across India.

  • The deal faced legal challenges from Amazon, which had a stake in one of Future Group's companies.

  • The acquisition was approved by the Competition Comm...read more

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Q2. 1. KPI of the previous organisation 2. Airconditioning cycle, refrigerant used 3. Troubleshooting in AC, Error codes 4. Communication error & rectification 5. % failure of Spare parts in the previous organizati...

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Ans.

The interviewer asked about KPI, air conditioning cycle, troubleshooting, communication error, and spare parts failure in the previous organization.

  • KPI of the previous organization was focused on customer satisfaction and timely service delivery.

  • The air conditioning cycle used was a split system with R-410A refrigerant.

  • Troubleshooting in AC involved checking for refrigerant leaks, faulty capacitors, and clogged air filters.

  • Communication errors were usually caused by faulty wi...read more

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Q3. What is the libor rate and trend

Ans.

LIBOR is the London Interbank Offered Rate, a benchmark interest rate used globally.

  • LIBOR is used as a reference rate for various financial instruments such as loans, mortgages, and derivatives

  • It is calculated daily by the Intercontinental Exchange (ICE) based on submissions from a panel of banks

  • The trend of LIBOR has been decreasing since the financial crisis in 2008, and is set to be phased out by the end of 2021

  • The replacement for LIBOR is the Secured Overnight Financing R...read more

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Q4. What do you look while appoint appointing a distributor?

Ans.

I look for experience, reputation, market knowledge, and financial stability while appointing a distributor.

  • Experience in the industry and distribution network

  • Good reputation and references from other businesses

  • In-depth knowledge of the market and target audience

  • Financial stability and ability to invest in the business

  • Strong communication and negotiation skills

  • Ability to meet sales targets and grow the business

  • Willingness to work collaboratively with the company

  • Flexibility to...read more

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Q5. What is meaning of calibration?

Ans.

Calibration is the process of adjusting and verifying the accuracy of a measuring instrument or tool.

  • Calibration ensures that the instrument or tool is providing accurate and reliable measurements.

  • It involves comparing the readings of the instrument to a known standard or reference.

  • Adjustments are made to the instrument to bring its readings in line with the standard.

  • Calibration is important in industries such as manufacturing, engineering, and healthcare.

  • Examples of instrume...read more

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Q6. Difference between IFRS and IND-AS

Ans.

IFRS and IND-AS are both accounting standards, but IND-AS is based on IFRS with some modifications for Indian companies.

  • IFRS is used in over 100 countries, while IND-AS is used only in India.

  • IFRS is more principles-based, while IND-AS is more rules-based.

  • IFRS allows for more judgment and estimates, while IND-AS is more prescriptive.

  • IFRS has a single standard for revenue recognition, while IND-AS has separate standards for different industries.

  • IFRS has a different approach to ...read more

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Q7. How to Calculate ROI of Service Center

Ans.

ROI of a service center can be calculated by dividing the net profit generated by the service center by the total investment made in the center.

  • Calculate the total revenue generated by the service center over a specific period of time.

  • Subtract the total costs incurred by the service center during the same period.

  • Divide the net profit by the total investment made in the service center to get the ROI.

  • ROI = (Net Profit / Total Investment) * 100%

  • For example, if a service center g...read more

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Q8. Lease accounting as per IND AS

Ans.

Lease accounting under IND AS involves recognizing lease assets and liabilities on the balance sheet.

  • Lease accounting under IND AS follows the principles of IFRS 16.

  • Lease assets and liabilities are recognized on the balance sheet.

  • Lease payments are split into principal and interest components.

  • Lease expenses are recognized on the income statement.

  • Disclosure requirements include lease term, discount rate, and lease payments.

  • Examples of leases include office space, vehicles, and...read more

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Q9. Which types of gas are uses

Ans.

Various types of gases are used in different industries and applications.

  • Oxygen - used in medical facilities and welding

  • Nitrogen - used in food packaging and electronics manufacturing

  • Carbon dioxide - used in carbonated beverages and fire extinguishers

  • Hydrogen - used in fuel cells and rocket propulsion

  • Argon - used in welding and lighting applications

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Q10. Channel sales experience and past achivement

Ans.

I have extensive channel sales experience and have consistently exceeded targets. For example, in my previous role, I increased channel sales revenue by 25% in one year.

  • I have worked in channel sales for X years

  • I have consistently exceeded sales targets in this role

  • In my previous role, I achieved a 25% increase in channel sales revenue in one year

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Q11. Recent changes in GST

Ans.

Recent changes in GST

  • The GST Council has made several changes to the GST rates and rules in recent times

  • The GST rate on several items has been reduced, such as on electric vehicles, hotel tariffs, and movie tickets

  • The GST return filing process has been simplified with the introduction of new forms

  • The GST Council has also introduced measures to curb tax evasion and improve compliance

  • The recent changes aim to make GST more taxpayer-friendly and boost economic growth

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Q12. How to convince a customer?

Ans.

To convince a customer, understand their needs, offer solutions, build trust, and provide excellent customer service.

  • Listen actively to the customer's needs and concerns

  • Offer solutions that meet their specific needs

  • Provide clear and concise information about the product or service

  • Build trust by being honest and transparent

  • Provide excellent customer service throughout the entire sales process

  • Follow up with the customer to ensure their satisfaction

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Q13. What is the IFB full form?

Ans.

IFB stands for Injection Feed Barrel in the context of plastic injection molding machines.

  • IFB is a component of the plastic injection molding machine that feeds the plastic material into the barrel.

  • It is responsible for melting and mixing the plastic material before it is injected into the mold.

  • IFB is an important part of the injection molding process as it affects the quality of the final product.

  • Examples of IFB brands include Toshiba, Sumitomo, and Engel.

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Q14. Tell me about product range

Ans.

Our product range includes a variety of equipment and tools for industrial and commercial use.

  • We offer machinery for manufacturing and production processes.

  • We provide tools for maintenance and repair of equipment.

  • Our range includes safety equipment and protective gear.

  • We also offer specialized products for specific industries, such as construction or automotive.

  • Examples include welding machines, power tools, safety goggles, and hydraulic jacks.

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Q15. How to demonstrate product?

Ans.

Demonstrate product by showcasing its features and benefits through interactive presentations and hands-on experiences.

  • Use visual aids such as videos, images, and brochures to showcase the product

  • Highlight the unique features and benefits of the product

  • Provide hands-on experiences for customers to try the product themselves

  • Answer any questions or concerns the customer may have

  • Tailor the demonstration to the customer's specific needs and interests

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Q16. What is the vernier caliper?

Ans.

A vernier caliper is a measuring tool used to accurately measure the dimensions of an object.

  • Consists of two jaws, one fixed and one movable

  • Has a main scale and a vernier scale for precise measurements

  • Can measure internal and external dimensions, depth, and step

  • Used in industries such as manufacturing, engineering, and machining

  • Example: Measuring the thickness of a plastic part in injection molding

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Q17. What are key KPIs

Ans.

Key KPIs are measurable indicators that help track progress towards achieving business goals.

  • KPIs should be specific, measurable, achievable, relevant, and time-bound

  • Examples of KPIs include customer satisfaction, revenue growth, employee turnover rate, and service response time

  • KPIs should be regularly monitored and analyzed to identify areas for improvement

  • KPIs can vary depending on the industry and business objectives

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Q18. How do maintain roi?

Ans.

Maintain ROI by optimizing costs, increasing sales, and improving efficiency.

  • Regularly review expenses and identify areas where costs can be reduced without affecting quality or customer experience.

  • Implement strategies to increase sales, such as targeted marketing campaigns and upselling techniques.

  • Streamline operations and improve efficiency by automating processes and investing in technology.

  • Monitor and analyze financial data to identify trends and make informed decisions.

  • C...read more

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Q19. Your education level

Ans.

Bachelor's degree in Marketing

  • Completed Bachelor's degree in Marketing from XYZ University

  • Relevant coursework included marketing strategies, consumer behavior, and promotions

  • Continuously seeking professional development opportunities in the field

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