IIFL Finance Internal Auditor Interview Questions and Answers

Withholding tax is a tax deducted at source from payments made to non-residents for services rendered in Singapore.

• Withholding tax rate is typically 15% but can vary depending on the type of payment and the tax treaty between Singapore and the non-resident's country

• Payments subject to withholding tax include royalties, interest, technical services, and director's fees

• The payer is responsible for withholding the tax and...read more

PIC benefits are tax incentives provided by the Singapore government to encourage businesses to invest in productivity and innovation.

• PIC stands for Productivity and Innovation Credit

• It provides tax deductions or cash payouts for qualifying expenses in areas such as research and development, automation, and employee training

• The scheme has been replaced by the Enterprise Development Grant (EDG) and the Enhanced-Tier Inc...read more

Managed team of 10 sales associates, created and implemented sales strategies, conducted performance evaluations

• Managed a team of 10 sales associates

• Created and implemented sales strategies to increase revenue

• Conducted performance evaluations to assess team's progress

• Collaborated with marketing department to develop promotional campaigns

Kotak Securities is a leading financial services company with a strong reputation and commitment to customer satisfaction.

• Kotak Securities has a proven track record of success in the financial services industry

• The company is known for its innovative products and services

• Kotak Securities has a strong commitment to customer satisfaction and building long-term relationships

• The company offers excellent career growth opport...read more

I worked at XYZ brokerage firm for 3 years, specializing in commercial real estate transactions.

• Managed a portfolio of high-net-worth clients

• Negotiated lease agreements and property sales

• Developed marketing strategies to attract new clients

• Collaborated with legal and financial teams on complex deals

Demat saving offers a range of benefits for investors.

• Eliminates the risk of loss, theft or damage of physical share certificates

• Facilitates easy and quick transfer of securities

• Reduces paperwork and transaction costs

• Enables investors to hold a variety of securities in a single account

• Provides access to real-time information and updates on investments

My family background is diverse and supportive, with a mix of professions and interests.

• My parents are both educators, instilling in me a love for learning and teaching.

• I have a sibling who works in finance, providing a different perspective on business and management.

• My extended family includes artists, engineers, and healthcare professionals, giving me a well-rounded view of various industries.

The market cap of Indian stock market is constantly changing based on the performance of the companies listed on the stock exchange.

• Market cap is the total value of all the shares of companies listed on the stock exchange

• It is calculated by multiplying the total number of outstanding shares by the current market price of each share

• As of August 2021, the market cap of Indian stock market is around $3.2 trillion

• The marke...read more