IIFL Finance Senior Territory Head Interview Questions and Answers

Aptitude, logical reasoning,sales point of view and based on situations etc.

Q1. All about us which was mentioned in CV
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Q1. All one and one round with concerned department
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Q1. Past experience
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Q2. Why do you want to switch job
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Q1. Why you left your's previous organisation?
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Seeking new challenges and opportunities for growth.
• Looking for a new challenge to further develop my skills and experience

• Opportunity for career advancement was limited in previous organization

• Desire for a change in work environment or company culture
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Q2. What is a stock broker?
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A stock broker is a professional who buys and sells stocks on behalf of clients in exchange for a fee or commission.
• Stock brokers facilitate the buying and selling of stocks on various stock exchanges.

• They provide investment advice and recommendations to clients based on their financial goals and risk tolerance.

• Stock brokers must be licensed and adhere to strict regulations set by financial authorities.

• Examples of stoc...read more
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Q3. What is futures and options?
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Futures and options are financial derivatives that derive their value from an underlying asset.
• Futures are contracts to buy or sell an asset at a specified price on a future date.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.

• Both futures and options are used for hedging, speculation, and arbitrage in financial markets.
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Q4. Tell me about OTM,ATM,ITM options?
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OTM, ATM, and ITM options refer to Out of The Money, At The Money, and In The Money options respectively.
• OTM options have strike prices that are unfavorable compared to the current market price.

• ATM options have strike prices that are closest to the current market price.

• ITM options have strike prices that are favorable compared to the current market price.
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Q5. Nifty latest lot size?
Ans. 
The latest lot size for Nifty is 75.
• The latest lot size for Nifty is 75.

• Lot size refers to the minimum quantity or number of shares that can be traded in a single transaction.

• Knowing the lot size is important for calculating the total cost of a trade.
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Q6. What is Bank nifty index?
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Bank Nifty index is a benchmark index that tracks the performance of the banking sector in India.
• Bank Nifty index is composed of the most liquid and large capitalized banking stocks listed on the National Stock Exchange (NSE) of India.

• It provides investors and traders with a benchmark to measure the performance of the banking sector as a whole.

• Bank Nifty index futures and options are actively traded on the NSE for hedg
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Q1. Questions related to previous experience
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Q2. What was book size you handled?
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Q3. How many clients did you service on single day?
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Q4. How many clients can you bring to our company?
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Q1. Where do you see yourself in next 2 years
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Q2. If you want to suggest a company to buy what stock would it be ?
Ans. 
I would suggest buying stock in Amazon.
• Amazon has consistently shown growth and profitability in recent years.

• Their dominance in the e-commerce market and expansion into other industries make them a strong investment choice.

• Their innovative technology and focus on customer experience also contribute to their success.

• Amazon's stock has a high price, but its potential for long-term growth makes it a worthwhile investment
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Q3. Why do you want to suggest this company?
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Q1. What is your previous take home?
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Q2. What is your expected CTC?
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My expected CTC is in line with industry standards and commensurate with my experience and skills.
• I have researched the industry standards for Assistant Manager roles and have a realistic expectation.

• My expected CTC is based on my experience and skills, which I believe are valuable to the company.

• I am open to negotiation and willing to discuss the details of the compensation package.

• I am looking for a fair and competit...read more
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Q3. Do you have any offer in hand ?
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Trade settlement cycle

Q1. Types of Market risk
Ans. 
Market risk refers to the risk of financial loss due to changes in market conditions such as interest rates, exchange rates, and commodity prices.
• Interest rate risk: Risk of loss due to changes in interest rates affecting the value of investments.

• Currency risk: Risk of loss due to changes in exchange rates impacting the value of foreign investments.

• Commodity risk: Risk of loss due to changes in commodity prices affecti...read more
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Q2. Work experience and area of interest
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Q1. What is your long term goal, are you interested in risk or research, what are derivatives strategies
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Q1. Introducing, salary discussion
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Q2. Introduced your self
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Q1. Working experience
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Q1. About job related
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Q1. Salary discussion
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