Indian Oil Corporation Executive Accountant Interview Questions and Answers for Experienced

Q1. Self introduction and company regarding information.
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Q2. Personal introduction and work experience
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Q3. Process knowledge on SAP and Oracle.
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Q4. I can join immediately.
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Q5. Package will be near by 4.5 To 5.00 Lakh.
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Q6. Meaning of Process to procurement
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Process to procurement refers to the steps involved in acquiring goods or services for an organization.
• It involves identifying the need for a product or service

• Creating a request for proposal (RFP) or request for quotation (RFQ)

• Evaluating proposals and selecting a vendor

• Negotiating terms and finalizing the contract

• Managing the relationship with the vendor and monitoring performance

• Re-evaluating the procurement process ...read more
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Q7. Besic Account types and Rule.
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Basic account types include checking, savings, and money market accounts with specific rules for each.
• Checking accounts are used for everyday transactions and typically have no interest but may have fees.

• Savings accounts are used for long-term savings and earn interest but may have limits on withdrawals.

• Money market accounts are a hybrid of checking and savings accounts, offering higher interest rates but with limited ...read more
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Energy law assignment

Q1. Explain the process of distillation
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Distillation is a process of separating components of a liquid mixture based on differences in boiling points.
• Boiling the liquid mixture to create vapor

• Collecting and condensing the vapor back into liquid form

• Separating the components based on their different boiling points

• Examples: Distilling alcohol to make spirits, purifying water through distillation
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Q2. Explain t-x-y curve
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The t-x-y curve is a graph that shows the relationship between temperature (t), composition (x), and phase equilibrium (y) in a system.
• The t-x-y curve is commonly used in chemical engineering to analyze phase behavior in systems with multiple components.

• It shows how the temperature affects the composition of the phases present in the system at equilibrium.

• The curve typically consists of two lines representing the compo...read more
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Q3. Explain what is volatality
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Volatility refers to the degree of variation of a trading price series over time.
• Volatility measures the rate at which the price of a security increases or decreases.

• High volatility indicates large price swings, while low volatility indicates smaller price movements.

• Examples of volatile assets include cryptocurrencies and certain stocks.
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Q4. What is the term q
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The term 'q' can refer to various things depending on the context, such as a variable in mathematics or physics, a quality factor in engineering, or a question in general.
• In mathematics, 'q' is often used as a variable in equations, such as in algebra or calculus.

• In physics, 'q' can represent charge, heat, or momentum, depending on the specific equation or context.

• In engineering, 'q' may refer to the quality factor of ...read more
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Q5. Explain design of heat exchanger
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A heat exchanger is a device used to transfer heat between two or more fluids.
• Heat exchangers can be classified based on their construction (e.g. shell and tube, plate, finned tube)

• They work on the principle of heat transfer through conduction, convection, or radiation

• Common applications include HVAC systems, refrigeration units, and industrial processes
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Aptitude - 30 mins, Technical - 30 mins

Q1. Basic Introduction, Transformer Losses, Induction Motor Torque-Speed Characteristics, why do you want to join Reliance Industries Ltd. etc.
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Q1. Explain Refrigeration cycle
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Refrigeration cycle is a process in which a refrigerant absorbs heat from a low-temperature space and releases it in a high-temperature space.
• Refrigerant absorbs heat from the low-temperature space (evaporator)

• Refrigerant is compressed to increase its temperature and pressure

• High-temperature refrigerant releases heat in the condenser

• Refrigerant expands in the expansion valve to lower its temperature and pressure

• Cycle r...read more
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Q2. What are the different types of fit in GD& T
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Different types of fit in GD&T include clearance fit, interference fit, and transition fit.
• Clearance fit: Parts are intended to have a gap between them for easy assembly and disassembly.

• Interference fit: Parts are intended to be pressed or hammered together for a tight fit.

• Transition fit: Parts have a combination of clearance and interference fit depending on the specific requirements.

• Examples: A clearance fit is used ...read more
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Q3. Material Properties
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Material properties refer to the characteristics and behaviors of materials under specific conditions.
• Material properties include mechanical, thermal, electrical, and optical properties.

• Examples of material properties are strength, conductivity, melting point, and refractive index.

• Understanding material properties is crucial for designing and selecting materials for specific applications.
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Asked us to code given two questions on strings and arrays

Q1. Asked us about the projects
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Q2. How the project used in real world
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The project is used in real world by implementing its features in various industries and organizations.
• The project's software can be integrated into existing systems to improve efficiency and productivity.

• The project's findings can be used to make data-driven decisions in business operations.

• The project's recommendations can be implemented to optimize processes and achieve better outcomes.

• The project's technology can b...read more
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Q1. Tell me about a project that you worked on
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I worked on a project to develop a mobile app for a local restaurant.
• Developed a user-friendly mobile app for a local restaurant

• Implemented features such as menu browsing, online ordering, and reservation booking

• Collaborated with a team of developers and designers to ensure smooth functionality and appealing design

• Conducted user testing and gathered feedback to make necessary improvements

• Successfully launched the app o
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Q2. How does a bjt work?
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A BJT is a three-layer semiconductor device that amplifies current.
• Consists of a base, collector, and emitter

• Current flows from the collector to the emitter

• The base controls the amount of current flowing through the transistor

• Can be used as an amplifier or switch

• Examples include audio amplifiers and digital logic circuits
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