Maxvalue Credits & Investments Company Trainee Interview Questions and Answers

Indirect taxation refers to taxes levied on goods and services rather than on income or profits.

• Indirect taxes are usually included in the price of the goods or services and are paid by the end consumer.

• Examples of indirect taxes include sales tax, excise tax, value-added tax (VAT), and customs duty.

• Indirect taxes are often used by governments to raise revenue and to discourage the consumption of certain goods, such as...read more

API scenarios and error methods for QA Engineer interview question

• API Scenario: Test the API endpoint for user authentication with valid credentials

• API Scenario: Test the API endpoint for user authentication with invalid credentials

• Error Method: Simulate a server error response when the API endpoint is down

• Error Method: Simulate a timeout error when the API response takes too long

Joins in SQL are used to combine rows from two or more tables based on a related column between them.

• Joins are used to retrieve data from multiple tables based on a related column.

• Common types of joins include INNER JOIN, LEFT JOIN, RIGHT JOIN, and FULL JOIN.

• Example: SELECT * FROM table1 INNER JOIN table2 ON table1.column = table2.column;

The loan life cycle includes processes such as application, approval, disbursement, repayment, and closure.

• Application: Customer submits loan application with required documents.

• Approval: Loan officer reviews application and creditworthiness of customer.

• Disbursement: Loan amount is transferred to customer's account.

• Repayment: Customer makes regular payments towards the loan.

• Closure: Loan is fully repaid and account is

NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank.

• NBFCs cannot accept demand deposits like banks

• NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself

• NBFCs focus on specific business areas like lending, investments, etc.

• Banks are regulated by the RBI while NBFCs are regulated by the Companies Act, 2013

• Examples of N...read more