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Motilal Oswal Financial Services

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20+ Eastern Financiers Interview Questions and Answers

Updated 22 Feb 2025
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Q1. What is matual funds or sip ?

Ans.

Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, or other assets. SIP is a method of investing in mutual funds regularly.

  • Mutual funds are managed by professional fund managers

  • Investors can buy and sell mutual fund units at NAV

  • SIP allows investors to invest a fixed amount at regular intervals

  • SIP helps in rupee cost averaging and disciplined investing

  • Examples of mutual funds include HDFC Equity Fund, SBI Bluechip Fund, etc...read more

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Q2. What is Demat account ?

Ans.

A Demat account is an electronic account that holds shares and securities in a digital format.

  • Demat stands for dematerialization.

  • It eliminates the need for physical share certificates.

  • It allows for easy and secure trading of shares and securities.

  • It is mandatory for trading in the Indian stock market.

  • Examples of securities that can be held in a Demat account include stocks, bonds, and mutual funds.

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Q3. What's term plan , health insurance, life cover

Ans.

Term plan is a type of life insurance policy that provides coverage for a specific period of time. Health insurance covers medical expenses. Life cover provides financial protection to the family in case of the policyholder's death.

  • Term plan provides coverage for a specific period of time, usually ranging from 5 to 30 years.

  • Health insurance covers medical expenses such as hospitalization, surgery, and medication.

  • Life cover provides financial protection to the family in case o...read more

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Q4. How you can create sales lead

Ans.

Sales leads can be created through networking, referrals, cold calling, and social media.

  • Networking events and conferences can help build relationships and generate leads

  • Asking current clients for referrals can lead to new business opportunities

  • Cold calling potential clients can be effective if done properly

  • Social media platforms like LinkedIn can be used to connect with potential clients and share industry insights

  • Creating valuable content such as blog posts or webinars can ...read more

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Q5. What's 80c diduction?

Ans.

80C deduction is a tax deduction under Section 80C of the Income Tax Act, 1961.

  • It allows individuals to claim a deduction of up to Rs. 1.5 lakh from their taxable income.

  • Investments made in certain financial instruments such as Public Provident Fund (PPF), Equity-Linked Savings Scheme (ELSS), National Savings Certificate (NSC), etc. are eligible for this deduction.

  • Life insurance premiums, tuition fees paid for children's education, and home loan principal repayment are also e...read more

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Q6. Can u bring us sales?? From where do you bring sales for us??

Ans.

Yes, I can bring sales by leveraging my network, cold calling, attending networking events, and utilizing social media platforms.

  • Utilize my existing network to generate leads and referrals

  • Engage in cold calling to reach out to potential clients

  • Attend networking events to connect with prospects and build relationships

  • Utilize social media platforms to promote our services and attract new clients

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Q7. Long form of CDSL ?

Ans.

CDSL stands for Central Depository Services Limited.

  • CDSL is a depository for securities in India.

  • It was established in 1999.

  • It provides services like dematerialization, trading, and settlement of securities.

  • CDSL is one of the two depositories in India, the other being NSDL.

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Q8. How to identify stock for investment

Ans.

Identifying stocks for investment involves research, analysis, and understanding market trends.

  • Research the company's financial health, management team, and industry trends

  • Analyze the company's growth potential, competitive advantage, and valuation

  • Understand market trends, economic indicators, and geopolitical factors

  • Diversify your portfolio to reduce risk

  • Examples: Apple Inc. for growth potential, Coca-Cola for stability, Tesla for innovation

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Q9. How would benefit from your analysis

Ans.

My analysis would benefit by providing valuable insights and recommendations to improve client relationships and drive business growth.

  • Identifying key client needs and preferences to tailor solutions

  • Analyzing data to forecast trends and anticipate client needs

  • Developing personalized strategies to enhance client satisfaction and retention

  • Providing actionable recommendations to strengthen client relationships and drive revenue growth

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Q10. How to convene agree customer to ready for sell

Ans.

Build trust, understand needs, provide solutions, address concerns, negotiate terms.

  • Establish trust by listening actively and showing empathy.

  • Understand customer needs and preferences through open-ended questions.

  • Provide tailored solutions that meet their specific requirements.

  • Address any concerns or objections they may have with honesty and transparency.

  • Negotiate terms that are mutually beneficial and ensure customer satisfaction.

  • Follow up to ensure smooth transition and add...read more

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Q11. How will sale products for customers

Ans.

I will identify customer needs, recommend suitable products, and provide personalized solutions to meet their financial goals.

  • Understand customer needs and financial goals

  • Recommend products that align with customer needs

  • Provide personalized solutions tailored to each customer

  • Build trust and rapport with customers to increase sales

  • Follow up with customers to ensure satisfaction and address any concerns

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Q12. How to convene to customer for sales

Ans.

Convince customers by understanding their needs, building rapport, and offering tailored solutions.

  • Listen actively to understand customer needs and preferences

  • Build rapport by showing genuine interest and empathy

  • Highlight the benefits of your product or service that align with customer needs

  • Offer personalized solutions based on customer's specific requirements

  • Provide excellent customer service to build trust and loyalty

  • Follow up with customers to ensure satisfaction and addre...read more

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Q13. How many STOCK exchanges in India

Ans.

There are 8 stock exchanges in India.

  • There are 2 major stock exchanges in India - BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

  • Apart from BSE and NSE, there are 6 regional stock exchanges in India.

  • Some of the regional stock exchanges include Calcutta Stock Exchange, Madras Stock Exchange, and Ahmedabad Stock Exchange.

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Q14. How do you sell demat account?

Ans.

I sell demat accounts by highlighting the benefits of secure and convenient online trading.

  • Educate customers on the advantages of demat accounts such as easy access to securities, reduced paperwork, and faster transactions.

  • Offer personalized assistance in opening and managing demat accounts to build trust and rapport with clients.

  • Provide demonstrations or case studies to showcase how demat accounts can streamline the investment process and enhance portfolio management.

  • Highlig...read more

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Q15. What are your strenghth

Ans.

My strengths include strong communication skills, ability to build relationships, and problem-solving abilities.

  • Strong communication skills - able to effectively communicate with clients and colleagues

  • Ability to build relationships - skilled at developing and maintaining strong relationships with clients

  • Problem-solving abilities - adept at finding solutions to complex issues

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Q16. is option trading profitable

Ans.

Option trading can be profitable but also involves high risk and requires expertise.

  • Option trading can provide high returns due to leverage.

  • However, it also involves high risk and potential for significant losses.

  • Successful option trading requires in-depth knowledge of the market and strategies.

  • It is important to have a well-defined risk management plan in place.

  • Examples of profitable option trading strategies include covered calls, straddles, and iron condors.

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Q17. Tell me about life insurance

Ans.

Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured's death.

  • Life insurance provides financial protection for loved ones in the event of the insured's death.

  • There are different types of life insurance policies, such as term life, whole life, and universal life.

  • Premiums for life insurance are based on factors like age, health, and coverage amount.

  • Life insurance can also offer benefits like cash value accumulation and tax adva...read more

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Q18. What is mutual fund and sip

Ans.

Mutual fund is a pool of funds collected from multiple investors to invest in securities, while SIP is a systematic investment plan where investors regularly invest a fixed amount.

  • Mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

  • SIP is a method of investing a fixed sum regularly in a mutual fund scheme.

  • Mutual funds offer diversification, professional management, and liquidity.

  • SIP helps in rupee cost averaging ...read more

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Q19. How stock market work

Ans.

The stock market is a platform where investors buy and sell shares of publicly traded companies.

  • Investors buy shares of a company in the hope that the value will increase over time.

  • Stock prices are influenced by various factors such as company performance, economic conditions, and investor sentiment.

  • Stock exchanges like NYSE and NASDAQ facilitate the buying and selling of stocks.

  • Stock market indices like the S&P 500 and Dow Jones Industrial Average track the performance of a ...read more

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Q20. What is NAV in SIP

Ans.

NAV in SIP stands for Net Asset Value in Systematic Investment Plan, representing the value of each unit of a mutual fund scheme.

  • NAV is the price at which investors buy or sell units of a mutual fund.

  • It is calculated by dividing the total value of assets in the fund by the total number of units outstanding.

  • NAV fluctuates daily based on the performance of the underlying securities in the fund.

  • Investors can use NAV to track the performance of their investments in a mutual fund....read more

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Q21. Say something about stock market

Ans.

The stock market is a platform where investors buy and sell shares of publicly traded companies.

  • Stock market allows companies to raise capital by selling shares to investors

  • Investors can make money through capital gains and dividends

  • Stock prices are influenced by various factors such as company performance, economic conditions, and market sentiment

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Q22. What is equity

Ans.

Equity is the value of an asset after deducting any liabilities associated with that asset.

  • Equity represents ownership in an asset or company.

  • It is calculated by subtracting liabilities from the total value of the asset.

  • In finance, equity can refer to stocks or ownership in a company.

  • Home equity is the value of a homeowner's interest in their home after deducting any mortgages or other liabilities.

  • Equity can also refer to fairness and justice in various contexts.

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Q23. What is mutual fund

Ans.

A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, managed by a professional fund manager.

  • Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities

  • Investors buy shares of the mutual fund, which represent a portion of the holdings in the fund

  • Professionally managed by fund managers who make investment decisions on behalf of the investors

  • Provide diversification, liquidity, and pr...read more

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Q24. What is Share Market

Ans.

Share market is a platform where buying and selling of company stocks and securities takes place.

  • Share market allows companies to raise capital by issuing shares to investors

  • Investors can buy and sell shares to make a profit

  • Prices of shares fluctuate based on market demand and supply

  • Share market can be volatile and risky, requiring careful research and analysis

  • Examples: New York Stock Exchange (NYSE), NASDAQ, Bombay Stock Exchange (BSE)

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Q25. Define mutual fund policy

Ans.

Mutual fund policy outlines the investment objectives, strategies, and guidelines for managing a mutual fund.

  • Mutual fund policy includes the fund's investment objectives, risk tolerance, asset allocation, and investment restrictions.

  • It also outlines the fund manager's responsibilities, fees and expenses, and redemption policies.

  • Examples of mutual fund policies include growth funds focusing on capital appreciation, income funds targeting regular income, and balanced funds inve...read more

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Interview Process at Eastern Financiers

based on 40 interviews
2 Interview rounds
HR Round - 1
HR Round - 2
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