10+ Equitas Small Finance Bank Interview Questions and Answers

There are three types of audits: first-party, second-party, and third-party audits.

• First-party audits are conducted by the organization itself to evaluate its own quality management system.

• Second-party audits are conducted by customers or external parties to evaluate the organization's quality management system.

• Third-party audits are conducted by independent certification bodies to evaluate the organization's quality management system against a standard.

• Examples of standards ...read more

No, not everything has a price tag.

• Some things are priceless, such as love, happiness, and memories.

• There are also things that cannot be bought with money, such as time and health.

• However, in a business context, most things do have a price tag.

• It ultimately depends on the perspective and context of the question.

• For example, a company may offer free services or products as part of a marketing strategy.

Risk register analysis involves reviewing and updating the risk register to ensure risks are identified, assessed, and managed effectively.

• Review the risk register regularly to ensure it is up-to-date

• Assess the likelihood and impact of each identified risk

• Prioritize risks based on their level of severity

• Develop risk mitigation strategies to manage identified risks

• Document all risk management activities in the risk register

• There are typically three levels of documents in a ris...read more

Aspects and impacts are key concepts in environmental management. Standards can be classified into different categories.

• Aspects refer to the activities, products, or services of an organization that can interact with the environment.

• Impacts are the consequences of these interactions on the environment.

• ISO 14001 standard provides guidelines for managing environmental aspects and impacts.

• Standards can be classified into product standards, process standards, and management syste...read more

Yes, I am physically capable of working 8 hours a day standing on a machine.

• I have previous experience working in a similar environment where I had to stand for long periods of time.

• I am physically fit and able to handle the demands of standing for extended periods.

• I am willing to take breaks as needed to ensure my health and safety while working on the machine.

By implementing strict inventory management procedures, conducting regular audits, utilizing technology for tracking, and training staff on proper inventory handling.

• Implementing strict inventory management procedures to ensure accuracy

• Conducting regular audits to identify and rectify any discrepancies

• Utilizing technology such as inventory management software for real-time tracking

• Training staff on proper inventory handling to minimize errors

• Establishing clear communication c...read more

I will implement a more efficient inventory management system, streamline the ordering process, and improve staff training.

• Implementing a barcode scanning system to track inventory levels accurately

• Creating standardized procedures for ordering and restocking

• Providing regular training sessions for staff on proper inventory management techniques

Implemented various process improvements to increase efficiency and reduce waste.

• Implemented lean manufacturing principles to streamline production processes

• Introduced new technology to automate repetitive tasks

• Optimized scheduling to minimize downtime and maximize output

• Implemented training programs to improve employee skills and productivity

Interacting with customers involves active listening, clear communication, empathy, and problem-solving skills.

• Listen actively to understand customer needs and concerns

• Communicate clearly and effectively to provide information and solutions

• Show empathy and understanding towards customer's situation

• Use problem-solving skills to address customer issues and provide satisfactory resolutions

Ultimate uptime refers to the maximum amount of time a system or equipment is operational without any downtime.

• Ultimate uptime is a measure of reliability and efficiency in production processes.

• It is often expressed as a percentage, indicating the amount of time a system is operational compared to the total time.

• For example, if a machine has an ultimate uptime of 99%, it means it is operational 99% of the time and experiences only 1% downtime.

• Achieving high ultimate uptime re...read more