IFB
10+ Arrow Engineering Industries Interview Questions and Answers
Q1. What is the recent merger and acquisition in India
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
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...
read moreThe 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
Q3. What is the libor rate and trend
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
Q4. What do you look while appoint appointing a distributor?
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
Q5. What is meaning of calibration?
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
Q6. Difference between IFRS and IND-AS
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
Q7. How to Calculate ROI of Service Center
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
Q8. Lease accounting as per IND AS
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
Q9. Which types of gas are uses
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
Q10. Channel sales experience and past achivement
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
Q11. Recent changes in GST
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
Q12. How to convince a customer?
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
Q13. What is the IFB full form?
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.
Q14. Tell me about product range
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.
Q15. How to demonstrate product?
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
Q16. What is the vernier caliper?
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
Q17. What are key KPIs
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
Q18. How do maintain roi?
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
Q19. Your education level
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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