MagicPin Associate Executive Interview Questions and Answers

Q1. A brief introduction about yourself
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Q1. Just a normal conversation and self handling situation
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Q1. Do you know about Vendor reconciliation
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Asked array questions medium level

Q1. About my internships
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Q2. And projects in detail
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Q1. Standard in AML and KYC checks
Ans. 
AML and KYC checks are standard procedures to prevent money laundering and verify customer identities.
• AML stands for Anti-Money Laundering, which refers to a set of regulations and procedures aimed at detecting and preventing money laundering activities.

• KYC stands for Know Your Customer, which involves verifying the identity of customers to ensure they are legitimate and not involved in illegal activities.

• AML and KYC c...read more
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Q1. Why should we hire you?
Ans. Should hire me as I believe that I can be a well fit person in a team work and can help to grow the standard of the company and myself through my skills, experience and qualifications. I feel that my experience in this industry and my ability to work autonomously make me a good match for this position. I am able to remain focused in stressful situations at the same time.
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Q2. Tall me about your salf
Ans. Thankyou for giving this opportunity for introduced my salf , my name is PROKASH DHUBI iam from assam my last qualification is BA 2nd semester in Assam University my work experience is Blinkit company in 1 year picker post
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Q1. What is your Dream job ?
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Q1. Tell me something about yourself.
Ans. 
I am a dedicated and hardworking individual with a passion for learning and problem-solving.
• I have a background in computer science and have experience working on various programming projects.

• I am a quick learner and enjoy taking on new challenges.

• I am a team player and have strong communication skills.

• I am detail-oriented and strive for excellence in everything I do.
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Q2. Where do you live ?
Ans. 
I live in a cozy apartment in downtown Seattle.
• I live in downtown Seattle

• I have a cozy apartment

• My neighborhood is vibrant and full of life
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Q3. How you know about Paytm?
Ans. 
Paytm is a popular Indian digital payment platform.
• Paytm was founded in 2010 by Vijay Shekhar Sharma.

• It offers services such as mobile recharging, bill payments, online shopping, and ticket booking.

• Paytm has a digital wallet feature that allows users to store money and make quick payments.

• The platform has grown to become one of the leading payment solutions in India.
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Q1. Introduce yourself.
Ans. 
I am a dedicated and experienced professional with a background in marketing and sales.
• Experienced in marketing and sales

• Dedicated and hardworking

• Strong communication skills
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Q2. Why you want work with us (Paytm).
Ans. 
I want to work with Paytm because of its innovative approach to digital payments and its strong presence in the market.
• I am impressed by Paytm's innovative solutions in the digital payments space.

• I believe Paytm's strong market presence will provide me with valuable experience and opportunities for growth.

• I am excited about the prospect of contributing to Paytm's continued success and growth.
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Q3. Questions asked from my hobbies. Example- Creative writing
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Q1. Salary discuss.
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Q1. Which accounting software have you worked with (e.g., QuickBooks, SAP, Oracle)?
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Q2. How do you use Excel in accounting? Can you perform VLOOKUPs, pivot tables, and macros?
Ans. 
Excel is used in accounting for VLOOKUPs, pivot tables, and macros to analyze and manipulate financial data.
• Excel is used to organize and analyze financial data efficiently.

• VLOOKUPs are used to search for specific information in a large dataset.

• Pivot tables are used to summarize and analyze data in a customizable way.

• Macros can automate repetitive tasks in Excel, saving time and reducing errors.

• For example, VLOOKUP can...read more
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Q3. What are prepaid expenses, and how are they recorded?
Ans. 
Prepaid expenses are expenses paid in advance but not yet incurred. They are recorded as assets on the balance sheet.
• Prepaid expenses are considered assets because they represent future economic benefits.

• They are initially recorded as assets on the balance sheet and then expensed over time as they are incurred.

• Common examples of prepaid expenses include prepaid rent, insurance premiums, and prepaid subscriptions.

• To rec...read more
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Q4. How do you handle tight deadlines during financial closing periods?
Ans. 
I prioritize tasks, delegate when necessary, and communicate effectively with team members to ensure deadlines are met.
• Prioritize tasks based on urgency and importance

• Delegate tasks to team members with appropriate skills and resources

• Communicate regularly with team members to track progress and address any obstacles

• Utilize time management techniques such as setting specific goals and breaking down tasks into smaller s...read more
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Q5. How do you manage confidentiality in accounting roles?
Ans. 
Confidentiality in accounting roles is managed through strict access controls, encryption of sensitive data, and signed confidentiality agreements.
• Implementing strict access controls to limit who can view sensitive financial information

• Encrypting sensitive data to protect it from unauthorized access

• Having employees sign confidentiality agreements to ensure they understand the importance of keeping financial information
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