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Mahanadi Coalfields Internal Auditor Interview Questions, Process, and Tips
Mahanadi Coalfields Internal Auditor Interview Experiences
1 interview found
Anonymous
I appeared for an interview in Jul 2020.
Interview Questionnaire
10 Questions
- Q1. 1.Tell me about yourself ?
- Q2. What's your favourite subjects
- Q3. What is target costing?
- Ans.
Target costing is a cost management technique used to determine the maximum cost of a product based on customer demand and profit margins.
It involves setting a target cost for a product before it is developed.
The target cost is determined by subtracting the desired profit margin from the expected selling price.
The cost of production is then managed to ensure that it does not exceed the target cost.
This technique helps ...
- Q4. Target costing derives what ?
- Ans.
Target costing derives the cost at which a product must be manufactured to generate a desired profit margin.
Target costing is a cost management tool used in product development.
It involves determining the maximum cost that can be incurred for a product to be profitable.
The target cost is then derived by subtracting the desired profit margin from the expected selling price.
The target cost is used as a benchmark for the ...
- Q5. In which product gst not applicable ?
- Ans.
GST is not applicable on certain products.
Basic groceries such as fruits, vegetables, milk, and bread
Education services
Healthcare services
Public transportation
Postal services
Exported goods and services
- Q6. Negative list of gst ?
- Ans.
Negative list of GST includes goods and services that are exempted from GST.
Goods and services that are not subject to GST
Examples include alcohol for human consumption, petroleum products, and electricity
These items are not eligible for input tax credit
- Q7. What is wages bill amendment act and recent amendment about it ?
- Ans.
The Wages Bill Amendment Act is a law that regulates the payment of wages to workers in India.
The act was first introduced in 1948 and has been amended several times since then.
The latest amendment was made in 2017 and introduced the concept of a 'universal minimum wage'.
The amendment also made it mandatory for employers to pay wages electronically, unless the employee requests otherwise.
The act covers all workers in I...
- Q8. How many types of wages act ?
- Ans.
There are several types of wages act depending on the country and region.
Wages act varies from country to country
In India, there are several wages act such as Minimum Wages Act, Payment of Wages Act, etc.
In the United States, the Fair Labor Standards Act (FLSA) is the primary federal law governing wages and hours of work.
Other countries may have their own specific wages act.
- Q9. Define fixed type, regular type, permanent type & contractual type employment ??
- Ans.
Fixed, regular, permanent, and contractual types of employment defined.
Fixed type employment refers to a job with a predetermined end date.
Regular type employment is a job with no predetermined end date and is ongoing.
Permanent type employment is a job that is expected to last indefinitely.
Contractual type employment is a job that is based on a specific contract or agreement.
Examples of fixed type employment include se...
- Q10. Is gst applicable on electricity ?
- Ans.
Yes, GST is applicable on electricity.
GST is applicable on the supply of goods and services, including electricity.
Electricity is classified as a 'goods' under GST.
GST rates on electricity vary depending on the type of consumer and the state.
For example, residential consumers may have a lower GST rate compared to commercial consumers.
Interview Preparation Tips
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Interview questions from similar companies
Selected
I applied via Company Website and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. Excel formulas and pivot tables
- Q2. SQL queries like Joins and CTE
Interview Preparation Tips
Selected
I applied via Company Website and was interviewed before Sep 2023. There were 3 interview rounds.
Case statement questions
(2 Questions)
- Q1. Guesstimates and case study
- Q2. Will be able to reallocate
(2 Questions)
- Q1. Why you want to join Lowe’s
- Ans.
I want to join Lowe's because of its reputation for quality products and customer service.
I admire Lowe's commitment to providing top-notch products and services to customers
I am impressed by Lowe's dedication to community involvement and sustainability initiatives
I believe Lowe's offers great opportunities for professional growth and development
- Q2. Tell me about your family
- Ans.
I come from a close-knit family of four, including my parents, my younger sister, and myself.
My parents have always been supportive of my career choices and encouraged me to pursue my goals.
My younger sister is currently studying in college and we share a strong bond despite our age difference.
Family gatherings and celebrations are important to us, and we make it a point to spend quality time together whenever possible
(1 Question)
- Q1. P2P cycle, accrual accounting, journal entry account payble
I applied via Referral and was interviewed in Apr 2021. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Related to current job profile
Interview Preparation Tips
(3 Questions)
- Q1. Why should we hire you?
- Ans.
I have the necessary skills, experience, and passion to excel in this role.
I have a strong analytical mindset and attention to detail.
I have experience in data analysis and interpretation.
I am proficient in using analytical tools and software.
I have excellent problem-solving and critical thinking abilities.
I am a quick learner and adapt well to new technologies and methodologies.
I have a track record of delivering high...
- Q2. What are your strengths and weaknesses?
- Ans.
My strengths include analytical thinking, attention to detail, and problem-solving skills. My weaknesses include public speaking and time management.
Strengths: Analytical thinking
Strengths: Attention to detail
Strengths: Problem-solving skills
Weaknesses: Public speaking
Weaknesses: Time management
- Q3. Tell me about yourself.
- Ans.
I am an experienced analyst with a strong background in data analysis and problem-solving.
Experienced analyst with expertise in data analysis and problem-solving
Proficient in using analytical tools and software
Strong ability to interpret and present complex data
Proven track record of delivering actionable insights
Excellent communication and collaboration skills
(1 Question)
- Q1. What happens to three statements when you buy inventory?
- Ans.
Three statements are affected when buying inventory.
Inventory account is increased
Cost of goods sold account is increased
Accounts payable account is increased
Interview Preparation Tips
Good experience and lot to learn
Sql,python, power bi, data analysis
Selected
(1 Question)
- Q1. You will be asked to share the project finding about their stores you can think about bringing a difference,but the project will not be even checked
DiSC assessment will be conducted with unadministered aproach not relevant to your background
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed in Jan 2024. There were 2 interview rounds.
(2 Questions)
- Q1. Hi I am lucky
- Q2. Hello I am mayank
(2 Questions)
- Q1. Hi my name is seema
- Q2. Hi my name is akshay
(2 Questions)
- Q1. Describe you past experience ?
- Q2. Do you have the desired skills required ?
(3 Questions)
- Q1. Past experiences, and skills
- Q2. What tools have you used in your past jobs?
- Q3. Are you familiar with the Jobs description?
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