Indian Oil Corporation Accounts Officer Interview Questions and Answers

Q1. Strengths and weakness
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Q2. Why reliance industries
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Reliance Industries is a leading conglomerate with diverse business interests and a strong track record of financial performance.
• Reliance Industries is one of the largest companies in India, with a significant presence in sectors such as petrochemicals, refining, and telecommunications.

• The company has a history of strong financial performance, with consistent revenue growth and profitability.

• Reliance Industries is know...read more
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Q1. Tell about Ur self
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I am an experienced accountant with a strong attention to detail and a passion for numbers.
• I have a Bachelor's degree in Accounting and have been working in the field for over 5 years.

• I am proficient in financial analysis, budgeting, and financial reporting.

• I have experience with various accounting software, such as QuickBooks and Excel.

• I am highly organized and have a proven track record of meeting deadlines.

• I have ex...read more
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Q2. Y u choose this company
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I chose this company because of its strong reputation, growth opportunities, and commitment to employee development.
• The company has a solid reputation in the industry, which gives me confidence in its stability and success.

• I am impressed by the company's growth trajectory and its ability to adapt to changing market conditions.

• The company values employee development and offers various training and advancement opportunit...read more
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Written test F&A,Tax Aptitude etc

Q1. Finance, Working experience,
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Q2. EBITDA,IND AS, Procurement guidelines
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Q1. 1-about your self ,2-communication skills
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Q2. 1-MS office knowledge likes Excel,Ms-word 2- Accounting & GST Knowledge
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Aptitude test was to the point

Q1. Asked questions on IFRS concepts
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Q1. The field trial must be done properly in order avoid mistakes and lose account.
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Q2. The is the best way to choose Biocide treatment?
Ans. 
The best way to choose Biocide treatment is by identifying the type of microorganisms present and selecting the appropriate biocide.
• Identify the type of microorganisms present

• Select the appropriate biocide based on the microorganism type

• Consider the concentration and exposure time required for the biocide to be effective

• Ensure the biocide is compatible with the system being treated

• Regularly monitor and adjust the bioci
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Q3. Why is it important to monitor the bacteira in the oil field?
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Monitoring bacteria in oil field is crucial to ensure safety, prevent corrosion, and maintain production efficiency.
• Bacteria can cause corrosion in pipelines and equipment, leading to costly repairs and downtime.

• Certain bacteria can produce hydrogen sulfide gas, which is toxic and poses a safety risk to workers.

• Bacteria can also reduce the efficiency of oil production by clogging pores and reducing flow rates.

• Regular m...read more
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Q4. Why is it important to to monitor the produced wated process
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Monitoring produced water process is important for environmental compliance and cost savings.
• Ensures compliance with environmental regulations

• Identifies opportunities for cost savings through process optimization

• Prevents contamination of water sources

• Helps in identifying potential hazards and risks

• Improves overall efficiency of the production process
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Q5. Why is it important to monitor the injected seawater?
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Monitoring injected seawater is important for ensuring safe and efficient oil production.
• Seawater is used in oil production to maintain reservoir pressure and enhance oil recovery.

• Monitoring helps to ensure that the seawater is of the correct quality and quantity.

• If the seawater is not monitored properly, it can lead to corrosion, scaling, and other issues that can damage equipment and reduce production efficiency.

• Regu...read more
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