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Insurance Regulatory and Development Authority Interview Questions and Answers

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Interview questions from similar companies

Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Oct 2024. There were 4 interview rounds.

Round 1 - Aptitude Test 

Financial ratios test and MCQ test related to finance numericals

Round 2 - Technical 

(2 Questions)

  • Q1. What is balance sheet, p&l and cash flow statement?
  • Ans. 

    Balance sheet shows a company's assets, liabilities, and equity at a specific point in time. P&L shows a company's revenues, expenses, and profits over a period. Cash flow statement shows how cash flows in and out of a company.

    • Balance sheet provides a snapshot of a company's financial position at a specific point in time.

    • P&L (Profit and Loss) statement shows a company's revenues, expenses, and profits over a specific p...

  • Answered by AI
  • Q2. What is the negative item in the balance sheet?
  • Ans. 

    The negative item in the balance sheet is liabilities.

    • Liabilities represent the company's debts or obligations that must be paid off in the future.

    • Examples of liabilities include loans, accounts payable, and accrued expenses.

    • Having high levels of liabilities relative to assets can indicate financial risk.

  • Answered by AI
Round 3 - Technical 

(2 Questions)

  • Q1. Scenario Based Questions.
  • Q2. Give Income statement format.
  • Ans. 

    Income statement format includes revenue, expenses, and net income.

    • Start with revenue at the top

    • List all expenses below revenue

    • Calculate net income by subtracting total expenses from revenue

    • Include headings for each section such as 'Revenue', 'Expenses', and 'Net Income'

    • Format should be: Revenue - Expenses = Net Income

  • Answered by AI
Round 4 - HR 

(2 Questions)

  • Q1. What is Vlookup?and if it's giving error then which symbol we use to remove the error?
  • Ans. 

    Vlookup is a function in Excel used to search for a value in a table and return a corresponding value from another column.

    • Vlookup stands for 'Vertical Lookup'.

    • It is commonly used in Excel to search for a value in the leftmost column of a table and return a value in the same row from a specified column.

    • If Vlookup is giving an error, the symbol '#' is used to remove the error.

    • For example, if the formula '=VLOOKUP(A2, B2:...

  • Answered by AI
  • Q2. Why should we select you over other candidates

Interview Preparation Tips

Interview preparation tips for other job seekers - If you are going to apply for this company then do well study about financial statements its format, items. And also financial ratios.

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Oct 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

It is a test of total 150+ questions in which we have some java pseudocodes ,python ,aptitude reasoning questions as well and english questions.

Round 2 - Technical 

(3 Questions)

  • Q1. Short inteoduction and project discussion.
  • Q2. Check the given sentence is palindrome or not by taking input by user.
  • Ans. 

    The program checks if a given sentence is a palindrome or not.

    • Prompt the user to input a sentence

    • Remove all spaces and punctuation from the sentence

    • Reverse the sentence and compare it with the original sentence to check for palindrome

  • Answered by AI
  • Q3. Final,Finally,finalize keywords
Round 3 - HR 

(2 Questions)

  • Q1. Introduce your self
  • Q2. Soft skills and other basic questions

Interview Preparation Tips

Topics to prepare for Modak Analytics Software Development Engineer interview:
  • Java core
  • MySQL
  • Project

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed in Sep 2024. There were 5 interview rounds.

Round 1 - Aptitude Test 

Easy apti questions, verbal, simple maths , technical questions

Round 2 - Technical 

(3 Questions)

  • Q1. Oops concept in java in detail with examples
  • Ans. 

    Oops concepts in Java are fundamental concepts of object-oriented programming like inheritance, polymorphism, encapsulation, and abstraction.

    • Inheritance: Allows a class to inherit properties and behavior from another class.

    • Polymorphism: Allows objects to be treated as instances of their parent class.

    • Encapsulation: Bundling data and methods that operate on the data into a single unit.

    • Abstraction: Hiding the implementati...

  • Answered by AI
  • Q2. Fibonnacci code
  • Q3. What is springboot ?
  • Ans. 

    Spring Boot is a framework for building Java-based enterprise applications quickly and with minimal configuration.

    • Spring Boot simplifies the process of creating stand-alone, production-grade Spring-based applications.

    • It provides a range of features including embedded servers, auto-configuration, and production-ready metrics.

    • Spring Boot allows developers to focus on writing business logic rather than configuring the app...

  • Answered by AI
Round 3 - Technical 

(3 Questions)

  • Q1. Abstraction in java
  • Ans. 

    Abstraction in Java is a concept where we hide the implementation details and only show the necessary features of an object.

    • Abstraction allows us to focus on what an object does rather than how it does it.

    • In Java, abstraction is achieved through abstract classes and interfaces.

    • Abstract classes cannot be instantiated and can have abstract methods that must be implemented by subclasses.

    • Interfaces in Java are like abstrac...

  • Answered by AI
  • Q2. Interface in java
  • Ans. 

    Interface in Java is a reference type in Java, similar to a class, that can contain only constants, method signatures, default methods, static methods, and nested types.

    • Interfaces are used to achieve abstraction and multiple inheritance in Java.

    • All methods in an interface are public and abstract by default.

    • A class can implement multiple interfaces but can only extend one class.

    • Example: interface MyInterface { void myMe...

  • Answered by AI
  • Q3. Some logical questions
Round 4 - One-on-one 

(3 Questions)

  • Q1. DSA basic question
  • Q2. Basic HR questions
  • Q3. Questions based on situation
Round 5 - One-on-one 

(2 Questions)

  • Q1. With ceo intro, project explanation
  • Q2. Family background

Interview Preparation Tips

Interview preparation tips for other job seekers - Have basic knowledge of JAVA, OOPS, DSA(not compulsory)

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. Ducting types youed
  • Q2. Ducting any types of material
  • Q3. Mep for explain
  • Q4. Mep basic form housed property
  • Q5. Electrical line
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via campus placement at Army Institute of Technology, Pune and was interviewed in Oct 2024. There were 3 interview rounds.

Round 1 - Coding Test 

There was a coding round and out of 75 students 28 got selected for next round

Round 2 - Technical 

(2 Questions)

  • Q1. Total on resume and basic coding questions like write code for different sorting algorithms.
  • Q2. Explain your project in detail and asking cross questions regarding project.
Round 3 - Technical 

(1 Question)

  • Q1. I was rejected in round 2.

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through your resume thoroughly, and have a basic DSA knowledge.
Interview experience
1
Bad
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. What is AML and primary and secondary research?
  • Ans. 

    AML stands for Anti-Money Laundering. Primary research involves collecting data firsthand, while secondary research involves analyzing existing data.

    • AML is a set of procedures, laws, and regulations designed to prevent the illegal generation of income through money laundering.

    • Primary research involves conducting surveys, interviews, and experiments to gather new data.

    • Secondary research involves analyzing existing data ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I had an interview with Parvesh Mittal and everything went well and I answered all the questions.
Furthermore, I was informed that the HR will be calling to schedule a meet for second round. The very next day I received an email mentioning that they will not be moving further with the application.
PS: Don’t demotivate and waste the time of the candidate. It’s not funny for a candidate who searching for the job seriously just to entertain your timepass process.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. What was your contribution towards lead time improvement?
  • Ans. 

    I implemented process improvements and streamlined workflows to reduce lead times by 20%.

    • Analyzed current processes to identify bottlenecks

    • Implemented automation tools to speed up tasks

    • Trained team members on efficient time management techniques

    • Collaborated with suppliers to optimize supply chain logistics

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. How have you been able to successfully handle difficult stakeholders? Pls provide an example / case study
  • Ans. 

    I have successfully handled difficult stakeholders by actively listening, addressing concerns, and finding common ground.

    • Active listening to understand their concerns and perspectives

    • Addressing their concerns with empathy and professionalism

    • Finding common ground and working towards a mutually beneficial solution

  • Answered by AI
Round 3 - One-on-one 

(1 Question)

  • Q1. How do we improve lead time in fulfillment
  • Ans. 

    Improving lead time in fulfillment involves optimizing processes, reducing bottlenecks, and enhancing communication.

    • Implementing lean manufacturing principles to streamline operations

    • Utilizing technology such as automation and inventory management systems

    • Improving forecasting accuracy to better anticipate demand

    • Enhancing communication between departments to reduce delays

    • Regularly reviewing and optimizing the supply cha

  • Answered by AI
Round 4 - One-on-one 

(1 Question)

  • Q1. How have you been able to effectively improve the ER campaigns?
  • Ans. 

    I have improved ER campaigns by analyzing data, implementing targeted strategies, and collaborating with cross-functional teams.

    • Analyzed data to identify trends and areas for improvement

    • Implemented targeted strategies based on data analysis

    • Collaborated with cross-functional teams to ensure campaign success

  • Answered by AI
Round 5 - One-on-one 

(1 Question)

  • Q1. Overall summary with challenges and solutions towards the hurdles in improvement of recruitment process

Interview Preparation Tips

Interview preparation tips for other job seekers - Come join this wonderful organization which promotes open culture apart from good work life balance and flexibility.
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Write a test cases on ac
  • Q2. Regression testing
Interview experience
2
Poor
Difficulty level
-
Process Duration
-
Result
Selected Selected
Round 1 - One-on-one 

(2 Questions)

  • Q1. Introduction to about your self
  • Q2. Experience and product knowledge

Interview Preparation Tips

Interview preparation tips for other job seekers - Not joining the company low ticket size but High rate of interest Bm to cluster head don't know about the policy
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected
Round 1 - One-on-one 

(2 Questions)

  • Q1. 10th 10th standard discontinue
  • Ans. 

    The candidate discontinued their studies after 10th standard.

    • Ask the candidate why they discontinued their studies after 10th standard

    • Inquire about any challenges or circumstances that led to the decision

    • Assess the candidate's current qualifications and skills despite not completing higher education

  • Answered by AI
  • Q2. 10th standard this continue

Interview Preparation Tips

Interview preparation tips for other job seekers - Collection educate call me sir XXXXX

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Insurance Regulatory and Development Authority Reviews and Ratings

based on 10 reviews

3.7/5

Rating in categories

3.9

Skill development

4.3

Work-Life balance

3.4

Salary & Benefits

3.3

Job Security

4.3

Company culture

3.6

Promotions/Appraisal

3.8

Work Satisfaction

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