Steel Studio Interview Questions and Answers

Guarantee is a promise to perform a duty or pay a debt if the other party fails to do so, while indemnity is a protection against loss or damage.

• Guarantee is a secondary obligation, triggered only if the primary obligation is not fulfilled.

• Indemnity is a primary obligation, providing protection against loss or damage.

• Guarantee involves three parties - guarantor, beneficiary, and obligor.

• Indemnity involves two parties - indemnifier and indemnitee.

• Examples of guarantee include ...read more

Indemnity and warranty are important in service agreements to protect both parties from potential risks and liabilities.

• Indemnity clause ensures one party compensates the other for losses or damages incurred due to specified events.

• Warranty clause guarantees the quality and performance of the services provided.

• Indemnity and warranty clauses help clarify responsibilities and mitigate risks for both parties.

• Examples: A software company providing services to a client may include...read more

Subquery is a query within another query. Truncate is used to delete all data from a table. Delete is used to remove specific rows from a table.

• Subquery is used to retrieve data from a table based on another query's result

• Truncate is faster than delete as it removes all data at once

• Delete is used to remove specific rows based on a condition

• Example: SELECT * FROM table1 WHERE column1 IN (SELECT column2 FROM table2)

• Example: TRUNCATE TABLE table1

• Example: DELETE FROM table1 WHERE...read more

Joins are used to combine data from two or more tables based on a related column between them.

• Joins are used in SQL to retrieve data from multiple tables.

• There are different types of joins such as inner join, left join, right join, and full outer join.

• Inner join returns only the matching rows from both tables.

• Left join returns all the rows from the left table and matching rows from the right table.

• Right join returns all the rows from the right table and matching rows from the...read more

Syndicated loans are loans provided by a group of lenders to a single borrower, often used for large financing needs.

• Syndicated loans involve multiple lenders coming together to provide a loan to a single borrower.

• These loans are typically used for large financing needs, such as corporate acquisitions or project funding.

• The lenders in a syndicated loan may include banks, financial institutions, or private investors.

• Syndicated loans can be structured in different ways, such as...read more

MSA stands for Master Service Agreement and SOW stands for Statement of Work.

• MSA is a contract between a service provider and a client that outlines the terms and conditions of the services to be provided.

• SOW is a document that defines the scope of work, deliverables, timelines, and responsibilities for a specific project or service.

• MSA typically covers the overall relationship between the parties, while SOW focuses on the specific details of a project.

• Examples: A software de...read more