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30+ KPMG India Consultant Interview Questions and Answers

Updated 29 Jan 2025

Q1. What is a RAID Log? And Do you maintain one??

Ans.

A RAID Log is a project management tool used to track Risks, Assumptions, Issues, and Dependencies.

  • RAID stands for Risks, Assumptions, Issues, and Dependencies

  • It is a project management tool used to track and manage these four aspects

  • It helps in identifying potential risks and dependencies that may impact the project

  • It also helps in tracking and resolving issues that arise during the project

  • Examples of Risks: Budget overruns, resource constraints, delays in delivery

  • Examples o...read more

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Q2. What are the various types of Risk?

Ans.

Various types of risk include financial, operational, strategic, compliance, and reputational.

  • Financial risk: risk of financial loss due to market fluctuations, credit defaults, etc.

  • Operational risk: risk of loss due to internal processes, systems, or human error.

  • Strategic risk: risk of loss due to changes in business strategy or external factors.

  • Compliance risk: risk of loss due to failure to comply with laws and regulations.

  • Reputational risk: risk of loss due to damage to a...read more

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Q3. What is an issue and type of issues ??

Ans.

An issue is a problem or concern that needs to be addressed. There are various types of issues depending on the context.

  • Issues can be related to personal, professional, social, or political matters.

  • Some common types of issues include health issues, financial issues, legal issues, environmental issues, and social issues.

  • Issues can also be classified as short-term or long-term, minor or major, and individual or collective.

  • Examples of issues include poverty, climate change, disc...read more

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Q4. Identifying a location, out of 90 cities, for setting up a radio station in India

Ans.

Based on factors like population, competition, and reach, Mumbai is the best location for setting up a radio station in India.

  • Consider the population of the city and the potential audience for the radio station

  • Analyze the competition in the area and identify gaps in the market

  • Evaluate the reach of the city and its surrounding areas

  • Mumbai has a population of over 20 million people, making it the largest city in India and a prime location for a radio station

  • Mumbai also has a di...read more

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Q5. What would you do for conflict resolution?

Ans.

I would use active listening, empathy, and collaboration to find a mutually beneficial solution.

  • Listen actively to both parties to understand their perspectives

  • Show empathy towards each party's feelings and concerns

  • Encourage collaboration to find a solution that works for everyone

  • Identify common ground and build on it

  • Offer alternative solutions if necessary

  • Follow up to ensure the resolution is working

  • Example: In a team conflict, I would listen to each team member's concerns a...read more

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Q6. Preparing a business case for a US automobile manufacturer entering India

Ans.

Entering India: Business case for US automobile manufacturer

  • Analyze Indian automobile market and consumer behavior

  • Assess competition and market share of existing players

  • Evaluate government policies and regulations

  • Determine potential partnerships and collaborations

  • Develop marketing and distribution strategies

  • Estimate financial projections and ROI

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Q7. Case of falling profit margins for a multi-national telecom player in India

Ans.

To address falling profit margins for a multi-national telecom player in India

  • Analyze the competition and market trends

  • Identify cost-cutting measures without compromising on quality of service

  • Explore new revenue streams such as value-added services

  • Consider partnerships or mergers to increase market share

  • Invest in research and development to stay ahead of the curve

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Q8. How would you supervise the process of implementing a new software in your organization.

Ans.

Supervising software implementation process in an organization

  • Identify the need for the software and set clear goals

  • Select a project team with relevant skills and expertise

  • Develop a detailed project plan with timelines and milestones

  • Communicate regularly with stakeholders and provide updates on progress

  • Test the software thoroughly before implementation

  • Provide training and support to users

  • Monitor the software's performance and address any issues

  • Evaluate the success of the impl...read more

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Q9. Any coding experience including cloud and devops design and development.

Ans.

Yes, I have coding experience in cloud and devops design and development.

  • I have experience in designing and implementing cloud-based solutions using AWS and Azure.

  • I have worked with various devops tools such as Jenkins, Git, and Docker.

  • I have developed automation scripts using Python and Bash.

  • I have experience in infrastructure as code using Terraform and CloudFormation.

  • I have implemented CI/CD pipelines for multiple projects.

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Q10. What would a company do without altering headcount to improve cost cutting

Ans.

To improve cost cutting without altering headcount, a company can focus on optimizing processes, reducing waste, and negotiating better deals.

  • Streamline processes to eliminate inefficiencies and reduce costs

  • Reduce waste by implementing sustainable practices and recycling programs

  • Negotiate better deals with suppliers to lower costs

  • Implement technology solutions to automate tasks and improve productivity

  • Encourage employees to suggest cost-saving ideas and reward them for succes...read more

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Q11. Estimate how many Fair & Lovely is sold in India

Ans.

It is difficult to estimate the exact number of Fair & Lovely sold in India without access to sales data.

  • Sales figures are not publicly available

  • The brand is popular in India and has been around for decades

  • The product is marketed towards women and promotes skin lightening

  • There are many other skin lightening products available in India

  • Sales may vary depending on factors such as region and season

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Q12. Have you handled scope creep?

Ans.

Yes, I have handled scope creep in my previous projects.

  • I always ensure that the project scope is clearly defined and documented.

  • I communicate with stakeholders regularly to ensure that any changes in scope are discussed and agreed upon.

  • I prioritize changes based on their impact on the project timeline and budget.

  • I document all changes and ensure that they are approved by the relevant stakeholders.

  • For example, in my previous project, the client requested additional features t...read more

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Q13. What is a derivative and what are the types of derivatives

Ans.

A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or rate.

  • Types of derivatives include options, futures, forwards, and swaps.

  • Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.

  • Futures are contracts to buy or sell an asset at a future date for a price agreed upon today.

  • Forwards are similar to futures but are customized contracts betwe...read more

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Q14. Can you explain the risk management strategies you have implemented?

Ans.

Implemented risk management strategies include thorough risk assessment, mitigation plans, regular monitoring, and contingency planning.

  • Conducted comprehensive risk assessments to identify potential risks

  • Developed mitigation plans to address identified risks

  • Regularly monitored and reviewed risks to ensure effectiveness of mitigation strategies

  • Implemented contingency planning to prepare for unexpected events

  • Utilized risk management tools and techniques such as risk registers a...read more

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Q15. Experience in cloud solutions design?

Ans.

I have extensive experience in designing cloud solutions for various clients.

  • Designed and implemented cloud solutions for multiple clients across different industries

  • Expertise in AWS, Azure, and Google Cloud Platform

  • Experience in designing highly scalable and fault-tolerant systems

  • Implemented security measures to ensure data privacy and compliance

  • Collaborated with cross-functional teams to ensure successful implementation

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Q16. How to identify any irregularities in Inventory?

Ans.

To identify irregularities in inventory, conduct regular physical counts, compare counts to recorded quantities, analyze discrepancies, and investigate root causes.

  • Perform regular physical counts of inventory

  • Compare the physical counts to the recorded quantities in the inventory system

  • Analyze any discrepancies between the physical counts and recorded quantities

  • Investigate the root causes of the irregularities

  • Implement control measures to prevent future irregularities

  • Utilize i...read more

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Q17. How do you calculate irr value?

Ans.

IRR is calculated by finding the discount rate that makes the net present value of cash flows equal to zero.

  • IRR is a financial metric used to evaluate the profitability of an investment.

  • It takes into account the time value of money and the cash flows generated by the investment.

  • To calculate IRR, you need to know the initial investment, the cash flows generated by the investment, and the time period over which the cash flows occur.

  • IRR is the discount rate that makes the net pr...read more

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Q18. What is lacking in current cyber lanscape.

Ans.

Lack of proactive measures, shortage of skilled professionals, and increasing sophistication of cyber threats are major issues in the current cyber landscape.

  • Lack of proactive measures to prevent cyber attacks

  • Shortage of skilled professionals in the cybersecurity field

  • Increasing sophistication of cyber threats such as ransomware and phishing attacks

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Q19. Ind AS Knowledge of Ind AS 109, 107 & 32

Ans.

Ind AS 109, 107 & 32 are accounting standards used in India.

  • Ind AS 109 deals with financial instruments and their classification, measurement, and impairment.

  • Ind AS 107 deals with disclosures related to financial instruments.

  • Ind AS 32 deals with financial instruments presentation.

  • These standards are used by companies in India to prepare their financial statements in accordance with the Indian Accounting Standards (Ind AS).

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Q20. Difference between US GAAP and IFRS

Ans.

US GAAP and IFRS are two different accounting standards used globally.

  • US GAAP is rules-based while IFRS is principles-based.

  • US GAAP allows LIFO inventory accounting while IFRS does not.

  • IFRS requires more extensive disclosures in financial statements.

  • US GAAP allows for extraordinary items to be reported separately while IFRS does not.

  • IFRS requires the capitalization of development costs while US GAAP does not.

  • US GAAP requires the use of the indirect method for the statement of...read more

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Q21. Intermediate SQL with group by, with clause

Ans.

Intermediate SQL with group by and with clause

  • GROUP BY is used to group rows based on a column or expression

  • WITH clause is used to create a temporary table or subquery

  • Can be used together to perform complex queries

  • Example: SELECT column1, SUM(column2) FROM table1 GROUP BY column1

  • Example: WITH temp_table AS (SELECT column1, column2 FROM table1) SELECT * FROM temp_table

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Q22. -What is CAPM

Ans.

CAPM stands for Capital Asset Pricing Model, a financial model used to determine the expected return on an investment.

  • CAPM is used to calculate the expected return on an investment based on the risk-free rate, market risk premium, and beta of the asset.

  • It assumes that investors are rational and risk-averse, and that they require compensation for taking on additional risk.

  • The model is widely used in finance and investment management.

  • For example, a portfolio manager may use CAP...read more

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Q23. Various financial reporting standards

Ans.

Financial reporting standards vary by country and industry, with some of the most common being GAAP, IFRS, and SEC regulations.

  • GAAP (Generally Accepted Accounting Principles) is used in the United States

  • IFRS (International Financial Reporting Standards) is used in many countries around the world

  • SEC (Securities and Exchange Commission) regulations apply to publicly traded companies in the United States

  • Other standards include ASPE (Accounting Standards for Private Enterprises) ...read more

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Q24. -Formula of FCFF and FCFE

Ans.

FCFF and FCFE are formulas used in finance to calculate cash flow available to investors and equity holders respectively.

  • FCFF = Operating Cash Flow - Capital Expenditures + Net Borrowing

  • FCFE = Net Income - (Capital Expenditures - Depreciation) - Change in Working Capital + Net Borrowing

  • FCFF is used to determine the cash flow available to all investors, while FCFE is used to determine the cash flow available to equity holders

  • Both formulas are important in determining a company...read more

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Q25. What is DCF model ?

Ans.

DCF model is a valuation method used to estimate the value of an investment based on its future cash flows.

  • DCF stands for Discounted Cash Flow

  • It involves projecting future cash flows and discounting them back to their present value

  • The discount rate used is typically the cost of capital or required rate of return

  • It is commonly used in finance to value stocks, bonds, and other investments

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Q26. What are the levels in FAS157

Ans.

FAS157 has three levels: Level 1 - quoted prices in active markets, Level 2 - observable inputs, Level 3 - unobservable inputs.

  • Level 1: Quoted prices in active markets

  • Level 2: Observable inputs

  • Level 3: Unobservable inputs

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Q27. What is Vulnerability?

Ans.

Vulnerability is the state of being open to harm, attack, or damage.

  • Vulnerability refers to the susceptibility to physical, emotional, or psychological harm.

  • It can also refer to weaknesses or gaps in security systems that can be exploited by attackers.

  • Being vulnerable can also mean being open and honest about one's feelings or struggles.

  • Examples include a child being vulnerable to bullying, a computer system vulnerable to hacking, or a person vulnerable to heartbreak.

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Q28. Explanation of Real time project flow

Ans.

Real time project flow refers to the sequence of events and processes that occur in a project as they happen, without any delay.

  • Real time data collection and analysis

  • Immediate decision-making based on current information

  • Continuous monitoring and updates

  • Quick response to changes or issues

  • Examples: Stock market trading, online customer support systems

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Q29. Peer benchmarking of Gold's Gym in India

Ans.

Peer benchmarking of Gold's Gym in India involves comparing its performance and offerings with other similar fitness centers in the country.

  • Compare membership fees and packages offered by Gold's Gym with its competitors

  • Analyze the range of equipment and facilities available at Gold's Gym compared to other gyms

  • Evaluate customer reviews and satisfaction levels to understand how Gold's Gym ranks among peers

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Q30. Explain the intercompany process

Ans.

Intercompany process involves transactions between two or more entities within the same organization.

  • Intercompany process is used to transfer goods or services between different entities of the same company

  • It involves creating intercompany sales orders, intercompany purchase orders, intercompany billing documents, and intercompany deliveries

  • The process ensures that the transactions are properly recorded in the books of accounts of each entity

  • It also involves reconciling inter...read more

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Q31. how cicd pipeline works

Ans.

CI/CD pipeline automates the process of integrating code changes, testing them, and deploying to production.

  • CI/CD stands for Continuous Integration/Continuous Deployment

  • It involves automating the steps of building, testing, and deploying code changes

  • Tools like Jenkins, GitLab CI/CD, and CircleCI are commonly used for setting up CI/CD pipelines

  • Developers commit code changes to a version control system, triggering the pipeline to start

  • Automated tests are run to ensure code qual...read more

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Q32. What is RISK ?

Ans.

Risk is the potential of gaining or losing something of value.

  • Risk is the uncertainty of outcome.

  • It involves the possibility of a negative or positive result.

  • Risk can be managed through strategies like risk mitigation and risk transfer.

  • Examples of risks include financial risk, health risk, and project risk.

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Q33. Explain GST, VAT, Consolidation concept

Ans.

GST and VAT are consumption taxes while consolidation concept refers to combining financial statements of multiple entities.

  • GST (Goods and Services Tax) is a consumption tax levied on the supply of goods and services in India.

  • VAT (Value Added Tax) is a consumption tax levied on the value added to goods and services at each stage of production and distribution.

  • Consolidation concept refers to the process of combining the financial statements of multiple entities into a single s...read more

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Q34. process of carbon credit

Ans.

Carbon credits are a way to reduce greenhouse gas emissions by allowing companies to buy credits for their emissions and invest in projects that reduce emissions.

  • Carbon credits are a market-based mechanism to incentivize companies to reduce their greenhouse gas emissions.

  • Companies can buy carbon credits to offset their own emissions by investing in projects that reduce emissions, such as renewable energy or reforestation.

  • The process involves measuring, reporting, and verifyin...read more

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Q35. 3 tier application on AWS

Ans.

A 3 tier application on AWS involves separating the presentation, application, and data layers for scalability and flexibility.

  • Presentation tier: User interface, handles user interaction (e.g. web server)

  • Application tier: Business logic, processes requests (e.g. application server)

  • Data tier: Database, stores and retrieves data (e.g. RDS)

  • Use AWS services like EC2, Elastic Beanstalk, RDS, and S3 for each tier

  • Implement load balancing and auto-scaling for high availability and pe...read more

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Interview Process at KPMG India Consultant

based on 65 interviews
5 Interview rounds
Technical Round - 1
Technical Round - 2
Technical Round - 3
HR Round - 1
HR Round - 2
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