Monnet Group Senior Associate Interview Questions and Answers

Basic aptitude test with time limit

Q1. Basically questions about the trade about you are working or knowledge of job and experience , the job in the field of interest is very important
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Q2. Ask about educational qualification and any achievements
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Q1. Give one example of learn from failure
Ans. 
One example of learning from failure is failing to meet a project deadline and using that experience to better estimate future timelines.
• Reflect on what went wrong and why

• Identify areas for improvement

• Develop a plan to address those areas

• Apply the lessons learned to future projects

• Communicate the lessons learned to team members

• Example: Failing to deliver a project on time due to poor communication with stakeholders. Th...read more
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Q1. How will you manage work load in job
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I will prioritize tasks, delegate when necessary, and communicate with my team to ensure efficient workload management.
• Create a to-do list and prioritize tasks based on urgency and importance

• Delegate tasks to team members based on their strengths and workload

• Communicate with team members to ensure everyone is on the same page and workload is evenly distributed

• Take breaks and practice self-care to avoid burnout
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Q1. About the current Experience and previous role.
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Q2. Are you ready to Relocation
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Yes, I am open to relocation for the right opportunity.
• I am willing to relocate for the Senior Associate position.

• I have experience moving for previous job opportunities.

• I am excited about the possibility of starting fresh in a new location.
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Q1. Tell me About the process
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The process involves planning, executing, and monitoring activities to achieve a specific goal or outcome.
• Identify the goal or outcome to be achieved

• Create a plan outlining the steps and resources needed

• Execute the plan by carrying out the activities

• Monitor progress and make adjustments as needed

• Evaluate the results to determine success or areas for improvement
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Q2. Tell about Terms and roles
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Terms and roles refer to the specific language and responsibilities associated with a particular field or position.
• Terms are the specific vocabulary used within a particular field or industry.

• Roles refer to the responsibilities and duties assigned to individuals within an organization or team.

• Understanding terms and roles is essential for effective communication and collaboration in any professional setting.
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Q1. Salary negotiations and date of joining
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Q1. What is your strengths
Ans. 
My strengths include strong analytical skills, attention to detail, and excellent communication abilities.
• Strong analytical skills - able to analyze complex data and make informed decisions

• Attention to detail - meticulous in reviewing work for accuracy and completeness

• Excellent communication abilities - able to effectively convey information to team members and clients
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Q2. What is your weakness
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One of my weaknesses is that I tend to be overly critical of my own work.
• I have a tendency to be a perfectionist and can spend too much time on a task to ensure it is flawless.

• I sometimes struggle with delegating tasks to others because I want to make sure they are done correctly.

• I am working on improving my ability to accept constructive criticism and not take it personally.
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Q3. What is your existed
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Q1. Introduction about yourself.
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Q2. Family 👪 details and other discussions.
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Q1. Types of Incoterms in international trade?
Ans. 
Incoterms are standard trade definitions used in international trade to define the responsibilities of buyers and sellers.
• There are 11 Incoterms in total

• They are divided into four categories: E, F, C, and D

• E terms are for use when the seller is responsible for the goods only until they are made available at the seller's premises

• F terms are for use when the seller is responsible for the goods until they are loaded onto ...read more
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Q2. Types of letter of credit in international trade?
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Types of letter of credit in international trade
• There are various types of letter of credit (LC) used in international trade such as commercial LC, standby LC, revolving LC, transferable LC, back-to-back LC, red clause LC, green clause LC, and direct pay LC.

• Commercial LC is used for payment of goods and services, standby LC is used as a backup in case of default, revolving LC is used for multiple shipments, transferabl...read more
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Q3. Why is the bill of lading blank endorsed ?
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Blank endorsement on bill of lading allows for transfer of ownership.
• Blank endorsement means the holder of the bill of lading can transfer ownership to another party.

• It is commonly used in international trade to facilitate the transfer of goods.

• The blank endorsement allows the new holder to take possession of the goods without the need for a new bill of lading.

• It also allows for easier financing of the goods as the bil...read more
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Q1. Salary negotiation, benefits, etc.
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Q1. About yourself and accounting questions
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Q1. Accounting questions
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Q2. Basic accounting
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Q3. TDS sections checking Points of Vendor invoice
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TDS sections in vendor invoices must be checked for accuracy and compliance.
• Verify if TDS has been deducted as per the correct section of the Income Tax Act

• Check if the TDS rate applied is accurate based on the nature of payment

• Ensure that the TDS amount deducted is correctly mentioned on the invoice

• Confirm that the TDS amount has been deposited to the government within the specified timeline
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Q4. GST intra and inter state
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Q1. What is medicine
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Q2. What is tablet???
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A tablet is a portable computer device with a touchscreen display, typically used for browsing the internet, watching videos, playing games, and more.
• Portable computer device with a touchscreen display

• Commonly used for browsing the internet, watching videos, playing games, etc.

• Examples: Apple iPad, Samsung Galaxy Tab, Amazon Fire Tablet
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