Principal Global Services Engineer Trainee Interview Questions and Answers

Q1. What are the two main theories of Human Resource Management (HRM)?
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Q2. Can you describe your educational background and the live projects you have completed in the past?
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Q1. Which will give higher returns? Annuity at year start or year end?
Ans. 
Annuity at year start generally gives higher returns due to longer investment period and compounding interest.
• Annuity at year start gives higher returns due to longer investment period for compounding interest

• Investing at year start allows for more time for the investment to grow

• Annuity at year end may result in lower returns as the investment period is shorter
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Q2. What is reserving in insurance and what methods are used in it?
Ans. 
Reserving in insurance is the process of estimating future claims and setting aside funds to cover them.
• Reserving involves predicting the amount of money that will be needed to pay for future claims.

• Methods used in reserving include the chain-ladder method, Bornhuetter-Ferguson method, and loss ratio method.

• The chain-ladder method extrapolates past claims development patterns into the future.

• The Bornhuetter-Ferguson me...read more
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Work from home or work from office

Q1. Sales pitch on my internship
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Q2. Situational based questions as the area is new so how you will grow the market size assuming you are alone.
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Q1. What do know about insurance
Ans. 
Insurance is a financial product that provides protection against financial losses.
• Insurance is a contract between an individual or organization and an insurance company.

• It involves the payment of a premium in exchange for the insurance company's promise to cover specific financial losses.

• Types of insurance include life insurance, health insurance, auto insurance, and property insurance.

• Insurance helps individuals and ...read more
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Q2. What do you mean by sales and marketing?
Ans. 
Sales and marketing are two closely related activities that focus on promoting and selling products or services to customers.
• Sales involves directly interacting with customers to persuade them to purchase a product or service.

• Marketing involves creating strategies to attract potential customers and promote brand awareness.

• Sales is more focused on closing deals and generating revenue, while marketing is about creating d...read more
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Reasoning, English, mathematics, Gk

Q1. Insurance related
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Q2. What is insurance
Ans. 
Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against potential losses.
• Insurance is a risk management tool that helps individuals and organizations protect themselves against financial losses.

• It involves paying a premium to an insurance company in exchange for coverage against specific risks.

• Insurance policies can cover various ar...read more
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Q3. Who is regulate of insurance
Ans. 
The regulatory authority for insurance varies by country.
• In the United States, insurance is regulated at the state level by individual state insurance departments.

• In the United Kingdom, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) regulate insurance.

• In India, the Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body for insurance.

• Other countries ma...read more
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Q4. Life insurance and types
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Q5. What is premium
Ans. 
Premium is the additional amount paid for a higher quality or more desirable product or service.
• Premium refers to the extra cost paid for a product or service that is considered superior or of higher value.

• It is often associated with luxury or high-end items.

• Premium can also refer to the amount paid for an insurance policy, which is based on the level of coverage and risk.

• For example, a premium car brand like Mercedes-...read more
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