20+ Tapadia Constructions Interview Questions and Answers

Esports is competitive video gaming. Getting into esports analysis involves studying player performance, team strategies, and industry trends.

• Esports is a rapidly growing industry where professional gamers compete in organized tournaments.

• Esports analysis involves studying player statistics, team strategies, and game trends to provide insights and predictions.

• To get into esports analysis, one can start by following popular esports games like League of Legends, Overwatch, or C...read more

Repo/reverse repo rate is the rate at which RBI lends/borrows money from banks. Current value varies.

• Repo rate is the rate at which RBI lends money to commercial banks

• Reverse repo rate is the rate at which RBI borrows money from commercial banks

• These rates are used to control inflation and liquidity in the economy

• Current repo rate is 4.00% and reverse repo rate is 3.35% as of August 2021

TDS has different sections with varying rates depending on the nature of payment.

• Section 192 - TDS on salary income

• Section 194A - TDS on interest other than interest on securities

• Section 194C - TDS on payment to contractors and sub-contractors

• Section 194H - TDS on commission or brokerage

• Section 194I - TDS on rent

• Section 194J - TDS on fees for professional or technical services

• Section 195 - TDS on payment to non-residents

• Rates vary from 1% to 30% depending on the section and n...read more

Managing the internal audit sheet on Excel involves organizing data, using formulas and functions, applying formatting, and ensuring accuracy.

• Create a structured layout for the audit sheet with appropriate column headers.

• Enter the audit data in the respective cells, ensuring accuracy and consistency.

• Use Excel formulas and functions to perform calculations and automate processes.

• Apply formatting to enhance readability and highlight important information.

• Protect the sheet to pr...read more

To audit a new area, I would start by researching the area and its processes, reviewing any previous audits, and conducting interviews with relevant personnel.

• Research the area and its processes to gain an understanding of what is being audited

• Review any previous audits to identify any recurring issues or areas of concern

• Conduct interviews with relevant personnel to gather information and identify potential areas of risk

• Develop an audit plan based on the information gathered ...read more

Money is a medium of exchange for goods and services. Banks create money through the process of fractional reserve banking.

• Money is a universally accepted medium of exchange

• It facilitates transactions for goods and services

• Banks create money through fractional reserve banking

• Banks lend out more money than they have in reserves

• This creates new money in the economy

Implemented fraud detection software, conducted regular audits, provided training on cybersecurity best practices.

• Implemented fraud detection software to monitor transactions and flag suspicious activity

• Conducted regular audits of financial records to identify any discrepancies or potential fraud

• Provided training to staff on cybersecurity best practices to prevent phishing scams and data breaches

GST rates vary depending on the type of goods or services being sold.

• GST rates range from 0% to 28%

• Some goods and services are exempt from GST

• Different rates apply to different categories of goods and services

• For example, essential items like food and healthcare have lower GST rates than luxury items like cars and jewelry

GST rates are the tax rates levied on goods and services under the Goods and Services Tax (GST) system in India.

• GST rates are divided into four categories: 5%, 12%, 18%, and 28%.

• Some goods and services are exempted from GST, such as healthcare and education.

• GST rates are determined by the GST Council, which meets periodically to review and revise the rates.

• The GST rates for different goods and services can be found on the official GST website or through a GST rate finder app.

I prioritize feedback based on importance and deadlines, communicate clearly with stakeholders, and use project management tools to track changes.

• Prioritize feedback based on importance and deadlines

• Communicate clearly with stakeholders about editing requests

• Use project management tools to track changes and ensure all feedback is addressed

• Provide regular updates on progress and seek clarification when needed

Key elements of an audit report include executive summary, scope, findings, recommendations, and conclusion.

• Executive summary provides a brief overview of the audit process and key findings.

• Scope outlines the objectives, criteria, and limitations of the audit.

• Findings detail the specific issues identified during the audit.

• Recommendations suggest actions to address the findings and improve processes.

• Conclusion summarizes the overall results of the audit and any final thoughts.

Sort list of employees by employee number using streams and comparator.

• Use Stream API to convert list to stream

• Use Comparator to compare employee numbers

• Use sorted() method to sort the stream based on comparator

IND AS 115 is a new accounting standard that replaces the earlier AS in India.

• IND AS 115 is based on the principles of IFRS 15, which is a global standard for revenue recognition.

• The earlier AS (Accounting Standard) in India was based on the principles of the old IAS 18 and IAS 11.

• IND AS 115 provides a more comprehensive framework for recognizing revenue from contracts with customers.

• It introduces a five-step model for revenue recognition, focusing on identifying performance ...read more

I perform IT audits by conducting risk assessments, evaluating controls, testing compliance, and providing recommendations for improvement.

• Conduct risk assessments to identify potential vulnerabilities

• Evaluate existing controls to determine effectiveness

• Test compliance with policies, regulations, and industry standards

• Provide recommendations for improvement based on findings

• Document audit findings and communicate results to stakeholders

TDS stands for Tax Deducted at Source. It is a tax collection method where a certain percentage of tax is deducted by the payer at the time of making payment to the payee.

• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable to various payments like salary, interest, commission, rent, etc.

• One section of TDS is Section 194C which deals with TDS on payments to contractors and sub-contractors.

• Under Section 194C, if the payment exc...read more

Handling too much pressure requires effective time management, prioritization, and communication.

• Prioritize tasks based on urgency and importance

• Break down tasks into smaller, manageable chunks

• Delegate tasks to team members if possible

• Communicate with stakeholders about realistic timelines and expectations

• Take short breaks to recharge and avoid burnout

Key risks in projects include budget overruns, scope creep, resource constraints, and stakeholder conflicts.

• Budget overruns can occur due to inaccurate cost estimates or unexpected expenses.

• Scope creep may result from poorly defined project requirements or frequent changes.

• Resource constraints such as limited manpower or equipment can lead to delays or quality issues.

• Stakeholder conflicts may arise from differing priorities or communication breakdowns.

Turnover discount is a reduction in price offered to customers who purchase a large quantity of goods or services.

• Turnover discount is commonly used in retail and wholesale industries to incentivize bulk purchases.

• The discount amount typically increases with the quantity purchased.

• For example, a supplier may offer a 10% turnover discount for customers who buy 100 units of a product.

• Turnover discount helps businesses increase sales volume and maintain customer loyalty.

1. Client satisfaction rate 2. Average revenue per client 3. Number of new clients acquired

• Client satisfaction rate is a key indicator of how well the department is meeting client needs and expectations

• Average revenue per client helps measure the department's effectiveness in generating revenue

• Number of new clients acquired shows the department's ability to attract and retain clients

The number of traffic lights in Delhi is estimated to be around 1,000 to 1,500.

• Delhi is a densely populated city with a high number of intersections, hence the need for a large number of traffic lights.

• The exact number of traffic lights may vary due to ongoing construction, maintenance, and changes in traffic patterns.

• Traffic lights are essential for regulating traffic flow and ensuring road safety in a busy city like Delhi.

Java program to sort an array of strings

• Use Arrays.sort() method to sort the array of strings

• Import java.util.Arrays package

• Example: String[] arr = {"apple", "banana", "orange"}; Arrays.sort(arr);

COSO framework is a widely recognized internal control framework that helps organizations manage risks effectively.

• COSO stands for Committee of Sponsoring Organizations of the Treadway Commission.

• It consists of 5 interrelated components: Control Environment, Risk Assessment, Control Activities, Information & Communication, and Monitoring Activities.

• The framework also includes 17 principles that provide further guidance on implementing effective internal controls.

• For example, ...read more

The revenue generated was $10 million in the last fiscal year.

• Revenue generated was $10 million in the last fiscal year

• Revenue sources included sales of products and services

• Revenue may have been impacted by market conditions and competition

IT SoX 404 control is a set of regulations and guidelines designed to ensure the accuracy and reliability of financial reporting in IT systems.

• IT SoX 404 control refers to the Sarbanes-Oxley Act section 404, which requires companies to establish internal controls over financial reporting.

• It involves documenting and testing controls to ensure the accuracy and reliability of financial information generated by IT systems.

• Examples of IT SoX 404 controls include segregation of dut...read more

P2P process stands for Procure-to-Pay process, which involves the steps from requisition to payment for goods or services.

• P2P process starts with a requisition for goods or services needed by a company.

• The next step involves creating a purchase order (PO) to specify the details of the purchase.

• Upon receiving the goods or services, the company will match the invoice with the PO and goods receipt.

• Finally, the payment is made to the supplier for the goods or services provided.

• P2...read more

SOP for Account Payables involves verifying invoices, obtaining approvals, processing payments, and reconciling accounts.

• Verify invoices against purchase orders and receipts

• Obtain necessary approvals for payment

• Process payments accurately and timely

• Reconcile accounts to ensure accuracy

• Maintain proper documentation for audit purposes

Collections in Java and Spring Boot are used to store and manipulate groups of objects.

• Collections in Java are used to store multiple objects in a single unit.

• Spring Boot provides support for managing collections through various data structures like List, Set, Map, etc.

• Collections in Java and Spring Boot help in organizing and manipulating data efficiently.

• Example: List names = new ArrayList<>();

RPA stands for Robotic Process Automation, which is the use of software robots to automate repetitive tasks and processes.

• RPA involves the use of bots to mimic human actions in software applications.

• It can be used to automate tasks such as data entry, data extraction, and report generation.

• RPA can help improve efficiency, accuracy, and productivity in various industries.

• Popular RPA tools include UiPath, Blue Prism, and Automation Anywhere.