Indian Cooperative Credit Society Operations Executive Interview Questions and Answers

Q1. What is your family background?
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Q2. Where do you see yourself in 5 years?
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Q3. What are your strengths and weaknesses?
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Q4. Tell me about yourself.
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It was related to Financial Market basic questions and grammar questions. There were intotal 40 questions. It was easy.

Q1. Financial terms - Derivatives, futures, call option , put option , hedge funds, capital market
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Basic accounting question, managerial questions, aptitude knowledge test , quantitative knowledge

Q1. Brief about yourself
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Q2. Basic questions on derivative market and accounting concepts ,
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Q3. Question on accounting entries
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Q1. Selection process discussion on salary
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Q1. Career growth and opportunities
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Q1. Capital market, knowledge on bloomberg
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Q2. Mutual funds,share market, securities, all about financial derivatives and asset servicing related questions
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Q1. Introduction, last project
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Q2. Basic troubleshooting
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Q3. Family background
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Q1. What is invoicing
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Invoicing is the process of sending a bill to a customer for goods or services provided.
• Invoicing includes details such as the quantity of items, price per item, total amount due, payment terms, and payment instructions.

• It is an important part of the billing process for businesses to receive payment for their products or services.

• Invoices can be sent electronically or in paper format.

• Invoicing helps businesses keep tra...read more
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Q2. What id3 way matching
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3-way matching is a process used in accounting to ensure that the three documents - purchase order, invoice, and receiving report - match.
• Three documents involved: purchase order, invoice, and receiving report

• Ensures accuracy and prevents fraud

• Helps in verifying the quantity, price, and terms of the transaction
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Q3. Types of po number
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Types of PO numbers include standard PO numbers, blanket PO numbers, and contract PO numbers.
• Standard PO numbers are used for one-time purchases.

• Blanket PO numbers are used for multiple purchases over a period of time.

• Contract PO numbers are used for purchases based on a specific contract agreement.
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Q4. What do you understand p2p
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P2P stands for peer-to-peer, a decentralized communication model where two or more parties interact directly with each other.
• P2P networks allow users to share resources, such as files or bandwidth, without the need for a central server.

• Examples of P2P networks include BitTorrent for file sharing and Bitcoin for cryptocurrency transactions.

• P2P communication can be more secure and efficient than traditional client-server
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Q5. Difference in po and invoice
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PO is a purchase order issued by a buyer to a seller, outlining the products or services to be purchased. An invoice is a bill issued by the seller to the buyer, requesting payment for the products or services provided.
• Purchase Order (PO) is issued by the buyer to the seller, specifying the products or services to be purchased.

• Invoice is issued by the seller to the buyer, requesting payment for the products or services...read more
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