Karvy Financial Services Senior Associate Interview Questions and Answers

Q1. Write a list comprehension for finding even numbers from 0 to 11
Ans. 
List comprehension to find even numbers from 0 to 11
• Use list comprehension with condition for even numbers

• Syntax: [x for x in range(12) if x % 2 == 0]

• Example: ['0', '2', '4', '6', '8', '10']
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Q2. Explain test driven development
Ans. 
Test driven development is a software development process where tests are written before the actual code.
• Write a failing test case based on requirements

• Write the minimum code to pass the test

• Refactor the code to improve quality and maintainability

• Repeat the process for each new feature or change
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Q3. How did you perform testing? What are the unit testing modules that you have used?
Ans. 
I performed testing by utilizing various unit testing modules such as JUnit and Mockito.
• Utilized JUnit for testing individual units of code

• Used Mockito for mocking dependencies in unit tests

• Implemented test cases to ensure proper functionality and identify bugs
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Q1. Explain your overall experience so far. Reason for jumping between jobs and what did you do in each of the company?
Ans. 
I have diverse experience in various industries, seeking growth opportunities and challenges.
• Worked in finance, healthcare, and technology industries

• Focused on project management, data analysis, and client relations

• Seeking opportunities for professional growth and development
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Q2. What is your expected compensation?
Ans. 
My expected compensation is based on my experience, skills, and the market rate for Senior Associates in this industry.
• Research the average salary range for Senior Associates in the industry

• Consider my years of experience and relevant skills when determining my expected compensation

• Be open to negotiation based on the overall compensation package offered
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Q1. How can you leverage your previous experience to enhance collaboration in your current role?
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Q1. What do you know about time decay in options and derivatives?
Ans. 
Time decay in options and derivatives refers to the decrease in the value of an option as it approaches its expiration date.
• Time decay is also known as theta decay, as it is represented by the Greek letter theta in options pricing models.

• Options lose value over time due to the diminishing likelihood of the option being profitable for the holder.

• Time decay accelerates as the expiration date approaches, especially for op...read more
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Q1. Can you discuss your strengths and weaknesses?
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Q1. Why is liquidity important and is it necessay in short term or long term perspective.
Ans. 
Liquidity is important for financial stability and is necessary in both short term and long term perspectives.
• Liquidity ensures that a company can meet its short term obligations and expenses.

• It allows for flexibility in managing cash flow and taking advantage of investment opportunities.

• In the long term, liquidity is important for sustaining operations, growth, and weathering economic downturns.

• Examples include having...read more
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Q2. What is difference between credit and counterparty risk
Ans. 
Credit risk is the risk of default by a borrower, while counterparty risk is the risk of default by a trading partner.
• Credit risk is specific to the borrower's ability to repay a loan or debt.

• Counterparty risk is broader and includes the risk of default by any party involved in a financial transaction.

• Credit risk is typically associated with lending activities, while counterparty risk is more common in trading and inve...read more
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Q1. Basic informative questions
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Q2. About subject knowledge
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Q3. Refinance and types
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Q4. Some other technical
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Be through with all DSA questions

Q1. Technical questions based on profile
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Q1. It's a random questions test
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Q1. Technical skills round tested here
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Q1. What do you know about Amex?
Ans. 
Amex, also known as American Express, is a multinational financial services corporation known for its credit card services.
• American Express is commonly referred to as Amex.

• It is a multinational financial services corporation.

• Amex is known for its credit card services and rewards programs.

• The company was founded in 1850 and is headquartered in New York City.

• American Express cards are widely accepted worldwide.
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Q2. How does Amex make money?
Ans. 
American Express makes money primarily through fees charged to merchants and cardholders, as well as interest on outstanding balances.
• Merchant discount fees charged to businesses for accepting Amex cards

• Annual fees and interest charges on cardholders' balances

• Foreign exchange fees for international transactions

• Lending and investment services

• Partnerships with other companies for co-branded cards
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Q3. Talk me through your projects
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Q4. Details of linear and logistic regression
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Q5. SQL knowledge questions
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Q1. Why are you leaving your current organisation?
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Q2. Case study which involved a guesstimate
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Q3. Multiple puzzles and credit card industry knowledge
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Q4. Why are you interested in Amex
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