10+ The Soft Academy Interview Questions and Answers

Structured finance refers to complex financial instruments created by pooling together various assets and then selling them to investors.

• Structured finance involves the creation of securities that are backed by a pool of assets such as mortgages, loans, or bonds.

• These securities are then sold to investors who receive payments based on the cash flows generated by the underlying assets.

• Structured finance can be used to manage risk, raise capital, and create customized investmen...read more

Budgeting refers to the process of creating a financial plan for a specific period of time.

• It involves estimating income and expenses

• It helps in managing finances effectively

• It can be done for personal or business purposes

• Examples include creating a monthly budget for household expenses or an annual budget for a company

Golden rules of account

• Maintain accurate and up-to-date records

• Separate personal and business finances

• Reconcile accounts regularly

• Follow the principle of double-entry bookkeeping

• Ensure proper documentation and authorization for all transactions

Hedge funds are investment funds that pool capital from accredited individuals or institutional investors and invest in a variety of assets.

• Hedge funds are typically only available to accredited investors due to their complex and risky nature.

• They often use leverage and derivatives to maximize returns.

• Hedge funds charge both a management fee and a performance fee based on the fund's profits.

• Examples of hedge funds include Bridgewater Associates, Renaissance Technologies, and ...read more

COGS stands for Cost of Goods Sold, and the formula to calculate it is Opening Inventory + Purchases - Closing Inventory.

• COGS = Opening Inventory + Purchases - Closing Inventory

• Opening Inventory: The value of inventory at the beginning of the accounting period

• Purchases: The cost of inventory purchased during the accounting period

• Closing Inventory: The value of inventory at the end of the accounting period

• Example: Opening Inventory = $10,000, Purchases = $20,000, Closing Inven...read more

Bonds and shares are types of securities issued by companies to raise capital. Corporate actions refer to events that impact shareholders.

• Types of bonds include government bonds, corporate bonds, and municipal bonds.

• Types of shares include common shares and preferred shares.

• Corporate actions include dividends, stock splits, mergers, acquisitions, and rights issues.

Mutual funds are managed by professionals who invest pooled funds in a diversified portfolio of securities, while hedge funds are more actively managed and use a variety of strategies to achieve high returns.

• Mutual funds are regulated by the SEC and have restrictions on trading practices, while hedge funds have more flexibility and are only available to accredited investors.

• Mutual funds are typically more suitable for retail investors looking for long-term growth, while hedge...read more

Scrapper Service Design involves creating a service that extracts data from websites.

• Identify the websites from which data needs to be extracted

• Design a system to scrape the data efficiently

• Consider rate limiting to avoid getting blocked by websites

• Implement error handling for cases where data extraction fails

Address work related issues by communicating openly, seeking solutions collaboratively, and prioritizing tasks effectively.

• Communicate openly with colleagues and supervisors to address any issues that arise

• Seek solutions collaboratively by brainstorming with team members and seeking input from others

• Prioritize tasks effectively to ensure that important issues are addressed in a timely manner

To find the 3rd highest number in an array of strings.

• Convert the array of strings to an array of integers.

• Sort the array in descending order.

• Return the 3rd element of the sorted array.