400+ BigBasket Interview Questions and Answers

PEP screening is the process of identifying and monitoring politically exposed persons to prevent money laundering and terrorist financing.

• PEP screening involves checking individuals against lists of known or suspected politically exposed persons.

• It helps financial institutions assess the risk associated with conducting business with PEPs.

• PEP screening is a key component of anti-money laundering (AML) compliance programs.

• Examples of PEPs include government officials, high-ran...read more

SQL query to retrieve all employees from a table

• Use SELECT statement to retrieve data

• Specify the columns to be selected

• Specify the table name where the data is stored

Seeking new challenges and growth opportunities in a different environment.

• Desire for new challenges and growth

• Opportunity for career advancement

• Interest in exploring different work environment

Seeking new challenges and growth opportunities in a different environment.

• Looking for a change to expand my skill set and knowledge

• Interested in taking on new responsibilities and challenges

• Seeking a more supportive or collaborative work culture

• Wanting to explore different industries or sectors

• Relocating to a new area for personal reasons

Types of auditing include financial, operational, compliance, and forensic auditing.

• Financial auditing involves examining financial statements to ensure accuracy and compliance with regulations.

• Operational auditing focuses on evaluating the efficiency and effectiveness of internal processes.

• Compliance auditing ensures that an organization is following laws and regulations.

• Forensic auditing involves investigating financial discrepancies and potential fraud.

Specialization in MBA refers to focusing on a specific area of business such as finance, marketing, or human resources.

• Specializing allows students to gain in-depth knowledge and skills in a particular field.

• Examples of specializations include finance, marketing, human resources, and operations management.

• Specialization can help students stand out in the job market and pursue careers in their chosen field.

• Some MBA programs offer dual specializations, allowing students to focu...read more

Entry for bad debts is made to reflect the amount of accounts receivable that are unlikely to be collected.

• Bad debts are recorded as an expense on the income statement.

• The entry typically involves debiting the bad debt expense account and crediting the accounts receivable account.

• It is important to regularly review and adjust the bad debt allowance to reflect the most accurate estimate of uncollectible accounts.

• Example: If a customer declares bankruptcy and is unable to pay t...read more

SQL injection is a type of injection attack that allows an attacker to execute malicious SQL statements.

• SQL injection involves inserting malicious SQL code into input fields of a web application

• Attackers can manipulate databases, steal data, and even delete or modify records

• Examples include entering ' OR '1'='1' into a login form to bypass authentication

Audit risks include inherent risk, control risk, and detection risk.

• Inherent risk: risk of material misstatement without considering internal controls

• Control risk: risk that internal controls will not prevent or detect material misstatements

• Detection risk: risk that audit procedures will not detect material misstatements

• Examples: Inherent risk - complexity of transactions, Control risk - ineffective segregation of duties, Detection risk - reliance on sampling

Power BI is a business analytics tool by Microsoft that provides interactive visualizations and business intelligence capabilities.

• Power BI is a business analytics tool by Microsoft

• It allows users to create interactive visualizations and reports

• Users can connect to various data sources to gather insights

• Power BI offers a wide range of data visualization options such as charts, graphs, and maps

Types of auditors include internal auditors, external auditors, government auditors, and forensic auditors.

• Internal auditors work within an organization to evaluate and improve internal controls.

• External auditors are independent professionals who review an organization's financial statements for accuracy and compliance.

• Government auditors work for government agencies to ensure compliance with laws and regulations.

• Forensic auditors specialize in investigating financial fraud a...read more

Designing a data pipeline to process and analyze large volumes of real-time data from multiple sources.

• Identify the sources of data and their formats

• Design a scalable data ingestion process

• Implement data transformation and cleansing steps

• Utilize Azure Data Factory, Azure Databricks, and Azure Synapse Analytics for processing and analysis