Jio Assistant Trainee Interview Questions and Answers

Q1. Advance Excel questions
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Q1. What is your experience in the Record to Report (RTR) domain?
Ans. 
I have 3 years of experience in the Record to Report domain, including preparing financial statements and reconciling accounts.
• Prepared monthly financial statements in compliance with GAAP standards

• Performed account reconciliations to ensure accuracy of financial data

• Assisted in the implementation of new accounting software for improved efficiency

• Collaborated with cross-functional teams to streamline RTR processes
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Q2. Are you comfortable with shift work?
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Q3. Can you provide a brief introduction about yourself?
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Q4. What is your current cost to company (CTC)?
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Q1. Can you provide a brief self-introduction and describe your current work profile?
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Q2. What precautions should be taken when mentioning details in your CV to ensure you can answer questions related to them effectively during an interview?
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Q3. What is the difference between revenue expenditure and capital expenditure?
Ans. 
Revenue expenditure is for day-to-day expenses while capital expenditure is for long-term assets.
• Revenue expenditure is incurred for maintaining the business operations and generating revenue.

• Capital expenditure is for acquiring assets that will provide benefits over multiple years.

• Revenue expenditure is recorded in the income statement and is fully deductible in the year it is incurred.

• Capital expenditure is recorded ...read more
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Q4. What is the difference between amortisation and depreciation?
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Amortisation is the allocation of the cost of intangible assets over their useful life, while depreciation is the allocation of the cost of tangible assets over their useful life.
• Amortisation is used for intangible assets like patents, copyrights, and trademarks.

• Depreciation is used for tangible assets like buildings, machinery, and vehicles.

• Amortisation is typically calculated using the straight-line method or the dec...read more
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Q5. How would you rate yourself in relation to your teammates?
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Q6. How would you calculate a rate in Excel?
Ans. 
To calculate a rate in Excel, use the formula: Rate = (Value 1 / Value 2) * 100
• Enter the values you want to calculate the rate for in separate cells

• In a new cell, use the formula: Rate = (Value 1 / Value 2) * 100

• Value 1 is the numerator and Value 2 is the denominator

• Multiply the result by 100 to get the rate percentage

• For example, if Value 1 is 50 and Value 2 is 100, the formula would be: (50 / 100) * 100 = 50%
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Q7. What is the process for passing journal entries related to prepaid expenses and accruals?
Ans. 
Journal entries for prepaid expenses and accruals involve recognizing expenses before they are paid or revenue before it is received.
• Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

• Accruals involve recognizing expenses or revenue before cash is exchanged.

• For prepaid expenses, a journal entry would involve debiting an expense account and crediting a prepaid expense accou...read more
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Q8. What is your understanding of accrual and deferred accounting?
Ans. 
Accrual accounting recognizes revenue and expenses when they are incurred, regardless of when cash is exchanged. Deferred accounting recognizes revenue and expenses when cash is is exchanged.
• Accrual accounting records revenue when it is earned and expenses when they are incurred, regardless of when cash is received or paid.

• Deferred accounting involves postponing the recognition of revenue or expenses until a later date...read more
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Q9. What is a contingent liability?
Ans. 
A contingent liability is a potential liability that may occur depending on the outcome of a future event.
• Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.

• Examples include pending lawsuits, warranties, and guarantees.

• The likelihood of the contingent liability and the amount involved must be assessed.
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Q10. What information do you have about Genpact?
Ans. 
Genpact is a global professional services firm specializing in digital transformation, analytics, and process optimization.
• Genpact was founded in 1997 as a business unit within General Electric.

• It became an independent company in 2005 and is headquartered in New York City.

• Genpact offers services in areas such as finance and accounting, procurement, supply chain, and customer service.

• The company has a presence in over 3...read more
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An aptitude test is a standardized exam that measures a person's skills, abilities, and potential to succeed in a specific role or field. Aptitude tests are used in schools, by employers, and to help people make career decisions.
What aptitude tests measure
Cognitive abilities: Logical reasoning, verbal comprehension, numerical ability, and problem-solving skills
Special abilities: Clerical speed, mechanical reasoning, and professional potential
How aptitude tests are used
Schools: To determine if students are inclined toward advanced placement classes or specific areas of study
Employers: To assess a potential candidate's strengths and weaknesses
Career counseling: To help people make career decisions
Diagnostic purposes: To identify training needs and development opportunities
How aptitude tests are administered
Online or in person
Multiple-choice tests, real-life work simulations, or group activities
Usually have time limits
Examples of aptitude tests Scholastic Assessment Test (SAT), American College Testing Exam (ACT), and Differential Aptitude Test (DAT).

Definition
A case study is a detailed analysis of a real-world situation, person, group, or event. Case studies are used to understand the broader processes and features at work by studying a specific subject in its natural setting.
Uses
Case studies are used in many fields, including business, education, medicine, psychology, and social work. In business, case studies can help identify issues and conduct further research. In marketing, case studies can be used to convince consumers with real-world stories of customer experiences.
Research method
Case studies are considered "naturalistic" because the subjects are studied in their natural context. Unlike experiments, where researchers control and manipulate situations, case studies are based on observations.
Format
A case study typically includes a headline, snapshot, client introduction, problem, solution, results, and conclusion.
Examples
Some famous case studies include John Martin Marlow's case study on Phineas Gage and Sigmund Freud's case studies, Little Hans and The Rat Man.
Case Study:

The assessment focused on general aptitude, which was relatively easy and manageable to pass. However, the pseudo-code section may pose a greater challenge during the first round.

It is very easy; you just need to speak at least once to easily pass through this round. mostly they dont try to reject you unless you are very nervous and very low about confidence they want you to speak atleast once , even the point is valid or not.

You will undergo a written test comprising three coding sections (either in Python or C) containing five or six questions each, along with ten multiple-choice questions on software testing, which are relatively easy. However, the most challenging section is networking, for which you will need to write theory responses; therefore, it is important to prepare thoroughly for that part.

Q1. They first asked for self-introduction and then asked you to explain the programs that were assigned to you in a step-by-step manner.
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Q2. Then the major part is networking, if you gone through by successfully explains your coding then you will be completely checked with networking which is really tough, like they asked me that to tell port n...read more
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Q1. Actually there is HR done in my process , whoever cleared technical all were selected. But the issue is the there is no stipend for internship , and the role is embedded testing which was told only in the ...read more
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Simple questions 100 questions doable and can be done easily.

Q1. Designing, Heat exchanger, Pump
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Q1. Family background, gap year
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Basic apti questions on pseudo code blood relation and profit loss.

3 coding questions 1 was easy and 2 were medium level.

Q1. Introduction Final year project overall basic cs fundamentals
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Q2. About the company
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Q1. Family background
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Q2. About the company
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Basic Quant and Reasoning questions

Simple D.P and problem solving questions

Q1. Self-introduction
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Q2. About your project and internships
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Q3. Questions on Team Collaborations and Leadership
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