Impactiva Interview Questions and Answers

Q1. Self Introduction
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Q1. Worst and very cunning interviewer
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Q1. Basics of Python, Flask, ReactJs, RestApi Development
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Q2. Python - Difference between is and ==
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Q3. React - useEffect vs useState
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Q4. Authentication in RestApi
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Q5. React - Pure Component and Higher order components
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Q1. What's the CI/CD workflow that's followed in your team?
Ans. 
Our team follows a CI/CD workflow that includes automated testing, code reviews, and continuous integration.
• Automated testing is run on every code change to catch bugs early.

• Code reviews are conducted before merging changes to ensure code quality.

• Continuous integration is used to automatically build and test code changes in a shared repository.

• Deployment pipelines are set up to automate the release process.

• Version cont...read more
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Q2. Has there been any security incident and how have you handled those ?
Ans. 
Yes, there have been security incidents and I have handled them effectively.
• Implemented security protocols to prevent future incidents

• Conducted thorough investigation to identify the root cause

• Collaborated with IT team to strengthen security measures

• Communicated with stakeholders to ensure transparency and trust

• Provided training to employees on cybersecurity best practices
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Q3. Difference between authorization and authentication ?
Ans. 
Authentication verifies the identity of a user, while authorization determines what actions a user is allowed to perform.
• Authentication confirms the identity of a user through credentials like passwords or biometrics.

• Authorization determines the level of access or permissions a user has once their identity is confirmed.

• Authentication is the process of logging in, while authorization is the process of granting or denyin...read more
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Q4. LLD for an authentication and authorization system
Ans. 
LLD for an authentication and authorization system
• Separate modules for authentication and authorization

• Use of secure hashing algorithms for storing passwords

• Role-based access control implementation

• Audit logging for tracking user actions

• Integration with external identity providers
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Q1. Design a document managed storage like google drive as an E2E solution.
Ans. 
Design a document managed storage like Google Drive as an E2E solution.
• Implement user authentication and authorization for secure access.

• Create a user-friendly interface for uploading, organizing, and sharing documents.

• Include features like version control, file syncing, and search functionality.

• Utilize cloud storage for scalability and accessibility.

• Implement encryption for data security.

• Integrate with third-party app
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Q1. What are the aml and kyc requirements?
Ans. 
AML and KYC requirements are regulations that financial institutions must follow to prevent money laundering and verify the identity of their customers.
• AML (Anti-Money Laundering) requirements involve monitoring transactions, reporting suspicious activities, and conducting customer due diligence.

• KYC (Know Your Customer) requirements involve verifying the identity of customers, assessing their risk level, and maintainin...read more
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Q2. Why should we hire you, briefly describe a scenario where you would showcase a different skill or talent compared with your fellow employees?
Ans. 
I have a strong attention to detail and analytical skills that set me apart from my colleagues.
• I have a proven track record of accurately identifying and resolving discrepancies in KYC documentation.

• I excel at conducting thorough research and analysis to ensure compliance with regulations.

• My ability to effectively communicate complex information to stakeholders sets me apart in team collaborations.
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Q3. Strength and weakness?
Ans. 
Strength: attention to detail, Weakness: perfectionism
• Strength: Ability to meticulously review documents and identify discrepancies

• Strength: Strong analytical skills to detect potential risks or fraudulent activities

• Weakness: Striving for perfection may lead to spending too much time on a task

• Weakness: Difficulty in delegating tasks due to desire for everything to be done perfectly
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Q4. Project and achievements?
Ans. 
Implemented a new KYC process resulting in 30% reduction in onboarding time and 20% decrease in errors.
• Led a team to revamp KYC procedures and systems

• Introduced automation tools to streamline verification process

• Trained staff on updated KYC regulations and best practices
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Q5. Are you a team player? What do you do when you don’t get along with certain colleagues? How do you manage conflict resolution?
Ans. 
Yes, I am a team player. I believe in open communication and collaboration. When conflicts arise, I address them directly and seek resolution.
• I believe in open communication and collaboration within the team.

• I address conflicts directly and seek resolution through constructive conversations.

• I focus on finding common ground and working towards a solution that benefits the team as a whole.
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Q6. Provide a situation where you might have failed previously? What has that experience taught you?
Ans. 
I failed to meet a deadline due to poor time management.
• Underestimated the time needed for a project

• Did not prioritize tasks effectively

• Learned to create a detailed schedule and set realistic deadlines
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General English grammar knowledge and some calculations

Q1. CTC and expected salary details?
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Q2. No you cannot negotiate and end up taking what they give you!
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Q3. No relocation time, do it during weekends
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Q4. No target compensation or other benefits
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Q5. If ur employed through agency or consultancy you will be always a contingent and treated less than permanent employees
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Q6. 12 hours a day, 6 days a week, no social or life balance
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It was a technicaL + aptitude test with 60 minutes duration.

Q1. Basic questions regarding the projects that i have done.
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Q2. They asked me about my favourite subjects and then they asked some basic questions regarding those subjects.
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Q1. HR round in TCE is not an interview round rather it is a video assessment wherein we were given with two HR questions and we have to record a video answering the questions. maximum duration of the video sh...read more
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Q1. Self introduction and brief explanation about privious work
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Q1. About privious process and company
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Q2. What is saction, types of saction, what ia pep, meaning of reg flag, about cip, edd, saction country
Ans. 
Sactions are penalties imposed on individuals or entities for violating laws or regulations. PEP refers to politically exposed persons. Red flags indicate potential suspicious activity. CIP stands for customer identification program. EDD is enhanced due diligence.
• Sanctions are penalties imposed on individuals or entities for violating laws or regulations

• Types of sanctions include financial sanctions, trade sanctions, a...read more
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Relationship, reasoning and apti

Two coding questions related to matrices and heaps.

Q1. Python and SQL coding
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Q1. Same questions like tech 1
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Q1. Self intro , why tiger
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Q2. Relocation
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Excel test
Logical Reasoning test
Quantitative aptitude test

An extensive case study for the corporate tax team that includes knowledge of US GAAP and transfer pricing.

Q1. What are the fundamental accounting concepts, accounting entries, and the applicable tax rates for various services?
Ans. 
Fundamental accounting concepts, entries, and tax rates for various services.
• Fundamental accounting concepts include accrual basis, matching principle, and consistency.

• Accounting entries for services typically involve recognizing revenue and recording expenses.

• Applicable tax rates vary depending on the type of service and the jurisdiction.

• For example, consulting services may be subject to a different tax rate than soft
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Q2. What is your understanding of transfer pricing and its applicability?
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related entities within a company.
• Transfer pricing is used to determine the cost of goods and services transferred between different divisions or subsidiaries of a company.

• It is important for multinational companies to establish transfer pricing to ensure fair pricing and compliance with tax regulations.

• Transfer pricing can impact a company's...read more
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Q1. What is the amount of data you have managed in your previous roles?
Ans. 
I have managed large volumes of data in my previous roles, ranging from terabytes to petabytes.
• Managed terabytes of data in previous roles

• Handled petabytes of data in data analysis projects

• Experience with data storage and retrieval systems

• Utilized data management tools and techniques

• Implemented data governance policies and procedures
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Q2. Which ERP software have you worked with?
Ans. 
I have worked with SAP ERP software extensively in my previous roles.
• Extensive experience with SAP ERP software

• Proficient in modules such as Finance, Supply Chain, and HR

• Implemented custom solutions and integrations with SAP ERP

• Trained team members on using SAP ERP effectively
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Q1. What are your salary expectations and how do you approach negotiations?
Ans. 
I approach negotiations by researching industry standards and emphasizing my value to the company.
• Research industry standards for the position to determine a reasonable salary range.

• Highlight your skills, experience, and achievements that make you a valuable asset to the company.

• Be prepared to discuss and negotiate benefits and other perks in addition to salary.

• Stay professional and respectful during negotiations to ma...read more
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Q2. What is your preferred joining date and the notice period required by your current organization?
Ans. 
My preferred joining date is in one month and my notice period is two weeks.
• Preferred joining date: one month from now

• Notice period required by current organization: two weeks

• Flexible with joining date if needed
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Q1. Basic questions about the experience and the product worked on
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