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10+ IIFL Finance Interview Questions and Answers

Updated 16 Aug 2024

Q1. Types of Cloud? Various Service Providers for Cloud?

Ans.

Cloud types include public, private, hybrid, and community. Service providers include AWS, Azure, Google Cloud, and IBM Cloud.

  • Public cloud: accessible to anyone over the internet

  • Private cloud: dedicated to a single organization

  • Hybrid cloud: combination of public and private clouds

  • Community cloud: shared by multiple organizations with similar needs

  • Service providers: AWS, Azure, Google Cloud, IBM Cloud, etc.

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Q2. Dwarfness in sugercane is caused by?

Ans.

Dwarfness in sugarcane is caused by a genetic mutation.

  • The genetic mutation affects the hormone balance in the plant, leading to stunted growth.

  • This mutation can be caused by environmental factors such as temperature and soil conditions.

  • Dwarf sugarcane varieties are often preferred for their higher yield and easier harvesting.

  • However, they may require more fertilizer and water to achieve optimal growth.

  • Breeding programs can be used to develop new dwarf varieties with improved...read more

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Q3. Types of gear Types of bearings

Ans.

Types of gears include spur, helical, bevel, worm, and rack and pinion. Types of bearings include ball, roller, and sleeve bearings.

  • Spur gears have straight teeth and are used for low-speed applications.

  • Helical gears have angled teeth and are used for high-speed applications.

  • Bevel gears have angled teeth and are used for changing the direction of power transmission.

  • Worm gears have a screw-like thread and are used for high reduction ratios.

  • Rack and pinion gears are used for co...read more

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Q4. Tell me about flow measurement, pressure measurement and level measurements

Ans.

Flow, pressure and level measurements are important in various industries to ensure proper functioning of equipment and processes.

  • Flow measurement involves determining the rate at which a fluid is flowing through a pipe or channel. This can be done using devices such as flow meters, which measure the volume or mass of fluid passing through a given point over a specified time period.

  • Pressure measurement involves determining the force exerted by a fluid on a surface. This can b...read more

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Q5. Difference between DROP and TRUNCATE

Ans.

DROP deletes the entire table while TRUNCATE deletes all rows but keeps the table structure.

  • DROP removes the table and all its data permanently

  • TRUNCATE removes all rows from the table but keeps the table structure

  • DROP is a DDL command while TRUNCATE is a DML command

  • DROP cannot be rolled back while TRUNCATE can be rolled back if used within a transaction

  • DROP is slower than TRUNCATE as it removes the table structure as well

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Q6. Who told for the distillation

Ans.

Distillation was first described by the ancient Greeks and was further developed by Islamic scholars in the Middle Ages.

  • Distillation was first mentioned by the ancient Greek philosopher Aristotle.

  • Islamic scholars such as Jabir ibn Hayyan and Al-Kindi made significant advancements in distillation techniques.

  • The first detailed description of distillation was provided by the Persian alchemist Muhammad ibn Zakariya al-Razi.

  • Distillation techniques were further refined by European ...read more

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Q7. Types of valve Types of pump

Ans.

Valve types include gate, globe, ball, butterfly, and check valves. Pump types include centrifugal, positive displacement, and axial flow pumps.

  • Valve types: gate, globe, ball, butterfly, check

  • Pump types: centrifugal, positive displacement, axial flow

  • Gate valves control flow by raising or lowering a gate

  • Globe valves control flow by raising or lowering a plug

  • Ball valves control flow with a rotating ball

  • Butterfly valves control flow with a rotating disc

  • Check valves allow flow in...read more

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Q8. Tell me about thermocouple and other temprature measuring instruments

Ans.

Thermocouples are temperature sensors that measure temperature through the voltage generated by two different metals. Other temperature measuring instruments include RTDs, thermistors, and infrared thermometers.

  • Thermocouples use two different metals to generate a voltage that corresponds to temperature

  • RTDs (Resistance Temperature Detectors) measure temperature by changes in electrical resistance

  • Thermistors are temperature sensors that use the change in resistance with tempera...read more

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Q9. There are several types distillation

Ans.

Distillation is a process used to separate mixtures based on differences in boiling points.

  • Distillation is used in various industries such as petroleum refining, chemical production, and beverage distillation.

  • Types of distillation include simple distillation, fractional distillation, and steam distillation.

  • Simple distillation is used to separate liquids with significantly different boiling points.

  • Fractional distillation is used when the boiling points of the components are cl...read more

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Q10. what do you know about IFFCO.?

Ans.

IFFCO is a leading cooperative society in India that manufactures and markets fertilizers, agrochemicals, and other agricultural products.

  • IFFCO stands for Indian Farmers Fertiliser Cooperative Limited.

  • It was established in 1967 and is headquartered in New Delhi, India.

  • IFFCO is one of the largest cooperative societies in the world.

  • The company manufactures and markets various fertilizers, including urea, DAP, NPK, and complex fertilizers.

  • IFFCO also produces and sells agrochemic...read more

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Q11. What is Lean manufacturing

Ans.

Lean manufacturing is a systematic approach to minimize waste and maximize value in production processes.

  • Focuses on continuous improvement and elimination of non-value-added activities

  • Involves all employees in the process of identifying and solving problems

  • Uses tools such as Kanban, 5S, and Kaizen to improve efficiency and quality

  • Examples include Toyota Production System and Lean Six Sigma

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Q12. What is Transformer ?

Ans.

A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction.

  • Transformers are used to increase or decrease voltage levels in electrical circuits.

  • They consist of two coils of wire, known as the primary and secondary coils, wrapped around a core.

  • Step-up transformers increase voltage levels, while step-down transformers decrease voltage levels.

  • Transformers are commonly used in power distribution systems to ...read more

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Q13. IUPAC name and formula of Urea

Ans.

Urea is a chemical compound with the IUPAC name 'carbamide' and the formula CO(NH2)2.

  • IUPAC name: carbamide

  • Formula: CO(NH2)2

  • Commonly used in fertilizers and skincare products

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Q14. What is motor ?

Ans.

A motor is a device that converts electrical energy into mechanical energy to produce motion.

  • Motors are commonly used in various applications such as industrial machinery, household appliances, and vehicles.

  • There are different types of motors including AC motors, DC motors, and servo motors.

  • Motors consist of a rotor, stator, and various components such as coils, magnets, and brushes.

  • Examples of motors include electric fans, washing machine motors, and car engines.

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Q15. Various types of Fertilizers

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