Oracle Financial Services Software
20+ SSK Group Interview Questions and Answers
Q1. What are DML commands
DML commands are Data Manipulation Language commands used to manage data in a database.
DML commands include INSERT, UPDATE, DELETE, and SELECT.
INSERT is used to add new rows of data into a table.
UPDATE is used to modify existing data in a table.
DELETE is used to remove rows of data from a table.
SELECT is used to retrieve data from a database.
Q2. What are DDL COMMANDS
DDL commands are Data Definition Language commands used to define, modify, and delete database objects.
DDL stands for Data Definition Language
Common DDL commands include CREATE, ALTER, and DROP
CREATE is used to create new database objects like tables
ALTER is used to modify existing database objects
DROP is used to delete database objects
Q3. How would you tell a complete Java beginner the difference between set, list and map?
Set is a collection of unique elements, List is an ordered collection of elements, and Map is a collection of key-value pairs.
Set does not allow duplicates, e.g. a set of integers {1, 2, 3, 4, 5}
List maintains the order of elements, e.g. a list of names ['John', 'Mary', 'Bob']
Map stores key-value pairs, e.g. a map of phone numbers {'John': '123-456-7890', 'Mary': '987-654-3210'}
Q4. How would you train a complete beginner in Java to write their first program?
To train a beginner in Java, start with basic concepts and gradually introduce programming concepts.
Start with basic concepts like data types, variables, and operators
Introduce control structures like if-else statements and loops
Teach object-oriented programming concepts like classes and objects
Encourage practice and experimentation with simple programs
Provide resources like online tutorials and exercises
Offer guidance and feedback on their code
Q5. Why is main method static? Can we write static public void main()?
Main method is static because it needs to be called without creating an instance of the class.
Static methods can be called without creating an instance of the class
Main method is the entry point of the program
Main method must have a specific signature: public static void main(String[] args)
args is an array of strings that can be used to pass command line arguments to the program
Q6. What is microservices advantages and basic architecture?
Microservices are a software architecture approach where applications are built as a collection of small, independent services.
Advantages include increased scalability, flexibility, and resilience
Each service can be developed, deployed, and scaled independently
Allows for easier maintenance and updates
Basic architecture involves breaking down a monolithic application into smaller, self-contained services
Services communicate with each other through APIs
Q7. How would you develop a springboot application?
To develop a Spring Boot application, follow these steps:
Create a new Spring Boot project using Spring Initializr
Define the necessary dependencies in the pom.xml file
Create the necessary Java classes and packages
Define the application properties in the application.properties file
Run the application using the Spring Boot Maven plugin or by running the main class
Test the application using a web browser or a REST client
Q8. What is the difference between JDK, JRE and JVM?
JDK is a development kit, JRE is a runtime environment, and JVM is a virtual machine that executes Java code.
JDK includes JRE and development tools
JRE includes JVM and necessary libraries
JVM interprets compiled Java code into machine code
JDK is needed for developing Java applications
JRE is needed for running Java applications
Multiple JVMs can run on a single machine
Q9. How do you identify loan interest?
Loan interest can be identified by examining the terms of the loan agreement and calculating the interest rate applied to the principal amount.
Identify the stated interest rate in the loan agreement
Calculate the interest amount by multiplying the principal amount by the interest rate and the time period
Consider any additional fees or charges that may affect the total interest paid
Q10. Write a program to check if a number is prime or not.
Program to check if a number is prime or not.
A prime number is only divisible by 1 and itself.
Loop through numbers from 2 to n-1 and check if n is divisible by any of them.
If n is divisible by any number, it is not prime.
If n is not divisible by any number, it is prime.
Q11. Explain loan life cycl
Loan life cycle refers to the stages a loan goes through from application to repayment.
Loan application: Borrower applies for a loan.
Loan approval: Lender reviews application and approves loan.
Loan disbursement: Lender provides funds to borrower.
Loan repayment: Borrower makes scheduled payments to repay the loan.
Loan closure: Borrower repays the full loan amount and loan is closed.
Example: A borrower applies for a mortgage, gets approved, receives funds, makes monthly payment...read more
Q12. writing 1 microservice
Creating a microservice involves designing and implementing a small, independent service that performs a specific function.
Identify the specific function or business logic that the microservice will handle
Design the API endpoints and data models for the microservice
Implement the microservice using a framework like Spring Boot or Node.js
Test the microservice thoroughly to ensure it functions correctly
Deploy the microservice to a containerized environment like Docker
Q13. What is otbi report
OTBI report stands for Oracle Transactional Business Intelligence report, used for analyzing and reporting on data in Oracle Cloud applications.
OTBI reports provide real-time insights into business operations
Users can create custom reports using OTBI subject areas
OTBI reports can be scheduled for automated delivery
OTBI reports can be accessed through Oracle Cloud applications such as ERP Cloud, HCM Cloud, and CX Cloud
Q14. What is bi report
BI report stands for Business Intelligence report, which is a document that presents data analysis and insights to help make informed business decisions.
BI report is a document that provides insights and analysis on business data.
It helps in making informed decisions by presenting key metrics and trends.
BI reports often include visualizations such as charts and graphs to make data easier to understand.
Examples of BI reports include sales performance reports, marketing campaig...read more
Q15. Explain Core Banking
Core banking refers to the basic banking functions such as deposits, loans, and payments that are essential for a bank's operations.
Core banking systems are the software and hardware used by banks to process transactions and manage customer accounts.
These systems typically include modules for customer information, accounts, loans, deposits, and payments.
Core banking systems help banks streamline their operations, improve efficiency, and provide better customer service.
Example...read more
Q16. Load balancing in microservices, Messaging in Microservices
Load balancing and messaging are crucial for scalability and reliability in microservices architecture.
Load balancing ensures even distribution of traffic among multiple instances of a service.
Messaging enables asynchronous communication between microservices.
Load balancing can be achieved through software or hardware solutions like NGINX, HAProxy, or AWS ELB.
Messaging can be implemented using message brokers like RabbitMQ, Apache Kafka, or AWS SQS.
Load balancing and messagin...read more
Q17. Pattern program in php
Pattern programs in PHP involve printing a specific pattern using loops and conditional statements.
Use nested loops to print the desired pattern
Utilize conditional statements to control the pattern output
Experiment with different loop structures to achieve various patterns
Q18. Laravel language uses
Laravel language uses PHP as its programming language.
Laravel is a PHP framework
Uses PHP syntax and features
Follows MVC architecture
Provides built-in features like authentication, routing, and sessions
Q19. Transaction mangement in Microservices
Transaction management in microservices is crucial for ensuring data consistency and integrity.
Each microservice should have its own database to manage transactions independently.
Use distributed transactions or two-phase commit protocol to ensure atomicity across multiple microservices.
Implement compensating transactions to handle failures and rollbacks.
Consider using event-driven architecture to decouple services and improve scalability.
Use a centralized logging and monitori...read more
Q20. Distributed tracing in microservices
Distributed tracing is a technique used to monitor and debug microservices architecture.
It involves tracking requests as they flow through multiple services
Each service adds its own trace information to the request
This allows for easy identification of performance bottlenecks and errors
Tools like Zipkin and Jaeger can be used for distributed tracing
Q21. AI/ Cloud/ Blockchain: Definition and use cases in financial industry
AI, Cloud, and Blockchain are technologies revolutionizing the financial industry with automation, scalability, and security.
AI: Used for fraud detection, customer service chatbots, and personalized financial recommendations.
Cloud: Enables secure storage and access to financial data from anywhere, reducing infrastructure costs.
Blockchain: Provides transparent and immutable record-keeping for transactions, improving security and trust in financial processes.
Q22. Explanation on entity in spring boot
An entity in Spring Boot represents a table in a database and is used to map data from the database to Java objects.
Entities are typically annotated with @Entity and represent a table in a database.
Fields in an entity class represent columns in the database table.
Entities can have relationships with other entities using annotations like @OneToOne, @OneToMany, @ManyToOne, @ManyToMany.
Entities are managed by the EntityManager in Spring Boot for CRUD operations.
Example: @Entity ...read more
Q23. How enumerator works
An enumerator is a type that allows you to iterate through a collection of items, such as an array or list.
Enumerators are commonly used in programming languages like C# to loop through collections of data.
They typically have methods like MoveNext() to move to the next item in the collection and Current to access the current item.
Enumerators can be used in foreach loops to easily iterate through all items in a collection.
Q24. How do you map an account
Mapping an account involves identifying key stakeholders, their roles, and their needs to create a plan for engagement.
Identify key decision makers and influencers within the account
Understand their roles and responsibilities
Determine their pain points and needs
Develop a plan for engagement and communication
Regularly review and update the account map
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