Mahindra Finance Interview Questions, Process, and Tips

Gharmgarh porsa Morena

Q1. Bsc , bed .DCA
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Q2. Ms exal ,ms office
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Q3. Ms exal, ms word
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Q4. Ms office, power point
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Q5. Power point, ms office
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Q1. Hr ka kam kya hota hai
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Q1. GST related question
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Q2. What is Composite supply & mix supply
Ans. 
Composite supply is a supply consisting of two or more taxable supplies of goods or services or both, which are naturally bundled and supplied in conjunction with each other.
• Composite supply involves multiple taxable supplies bundled together as a single supply.

• It is treated as a single supply for tax purposes.

• The tax rate applicable to the principal supply is applied to the entire composite supply.

• Example: A laptop so...read more
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Q3. What is composition scheme
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Composition scheme is a simplified tax scheme for small businesses with turnover below a certain threshold.
• Available for businesses with turnover below a certain threshold

• Allows for simplified tax calculations and compliance

• Businesses under composition scheme cannot collect tax from customers

• Quarterly filing of returns instead of monthly

• Example: In India, businesses with turnover up to Rs. 1.5 crore can opt for composi
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Q4. What is reverse charge macanizem
Ans. 
Reverse charge mechanism is a system where the recipient of the goods or services is liable to pay the tax instead of the supplier.
• Under reverse charge mechanism, the recipient of the goods or services is responsible for paying the tax to the government instead of the supplier.

• This mechanism is commonly used in cases where the supplier is not registered for GST or is an unregistered dealer.

• It helps in preventing tax ev...read more
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Q5. What is tntra state sale and inter state sale about GST
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Intra-state sale refers to sale of goods within the same state, while inter-state sale refers to sale of goods between different states under GST.
• Intra-state sale is subject to CGST and SGST/UTGST, while inter-state sale is subject to IGST.

• Intra-state sale occurs when both the seller and buyer are located in the same state.

• Inter-state sale occurs when the seller and buyer are located in different states.

• Example of intr...read more
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Q1. What is refinance
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Refinance is the process of replacing an existing loan with a new loan, typically to take advantage of better terms or lower interest rates.
• Refinance involves paying off an existing loan with the proceeds from a new loan

• It is often done to secure a lower interest rate, reduce monthly payments, or change the loan term

• Homeowners commonly refinance their mortgages to take advantage of lower interest rates
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Q1. What is Defect life cycle?
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Defect life cycle is the process of identifying, reporting, fixing, retesting, and closing defects in software development.
• Defect identification: Defects are identified through testing or user feedback.

• Defect reporting: Defects are reported in a defect tracking system with details like severity and priority.

• Defect fixing: Developers fix the reported defects.

• Defect retesting: Testers verify that the defects are fixed.

• De...read more
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Q2. What is Digital verification?
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Digital verification is the process of confirming the accuracy and authenticity of digital information or data.
• Digital verification involves verifying the integrity of digital files or documents to ensure they have not been tampered with.

• It can include methods such as checksums, digital signatures, and encryption to verify the authenticity of data.

• Digital verification is commonly used in software development, cybersecu...read more
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Q3. What is mandate and type of mandate?
Ans. 
A mandate is a command or authorization to act in a particular way. Types of mandates include legal, financial, and political mandates.
• Mandate is a formal order or commission to do something.

• Types of mandates include legal mandates (e.g. court orders), financial mandates (e.g. direct debit authorization), and political mandates (e.g. election results).

• Mandates can also refer to the authority given to a person to act on
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Q4. What is API testing how will you perform API Test?
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API testing is testing the APIs directly to ensure they meet functionality, reliability, performance, and security requirements.
• Understand the API documentation to identify endpoints, parameters, and expected responses

• Create test cases to validate input/output data, error handling, and authentication

• Use tools like Postman or SoapUI to send requests and verify responses

• Perform functional, performance, security, and inte...read more
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Discussed for attituted test

Deeply discussed about FCU and fraud in files