PwC KYC Associate Interview Questions and Answers

Q1. Importance of EBITDA and FCF. How to derive FCF from EBITDA?
Ans. 
EBITDA and FCF are important financial metrics for credit analysis. FCF can be derived from EBITDA by adjusting for non-cash expenses and changes in working capital.
• EBITDA measures a company's operating performance before interest, taxes, depreciation, and amortization.

• FCF measures the cash generated by a company's operations that is available for distribution to investors.

• To derive FCF from EBITDA, you need to adjust ...read more
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Q2. Difference between term loan and project finance
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Term loan is a general purpose loan while project finance is a specific loan for a particular project.
• Term loan is a loan provided for general business purposes while project finance is a loan provided for a specific project.

• Project finance is secured by the assets and cash flows of the project while term loan is secured by the general assets of the borrower.

• Project finance is usually for a longer term than term loan.

• P...read more
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Q3. Financial covenants and other covenants for lending purpose
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Q4. Questions on working capital
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Q5. Various types of banking products
Ans. 
Banking products include savings accounts, checking accounts, loans, credit cards, and investment accounts.
• Savings accounts: earn interest on deposited funds

• Checking accounts: used for daily transactions and bill payments

• Loans: borrowed funds with interest to be paid back over time

• Credit cards: allow users to make purchases on credit with interest

• Investment accounts: used to invest in stocks, bonds, and other securitie
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Q1. They will just ask about your previous company process only.
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Q2. Please explain your day to day activities in your current company.
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Q1. What is your family background?
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Q2. Why should we hire you?
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Q3. Tell me about yourself.
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Q4. Tell me why your are different from another candidate
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To write essay of minimum 400 words within 25 minutes.

Q1. Types of taxes in India.
Ans. 
Types of taxes in India include income tax, goods and services tax (GST), corporate tax, customs duty, and excise duty.
• Income tax is levied on individuals and businesses based on their income levels.

• Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

• Corporate tax is levied on the profits earned by companies operating in India.

• Customs duty is a tax imposed o...read more
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Q2. About the previous internship.
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Good and logical for the better understanding of the process

Q1. Self introduction and many more
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Q1. More abt process and it's applications
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It is good and nice went well

Q1. All went good overall
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Q2. What is kyc ?
Ans. 
KYC stands for Know Your Customer. It is a process used by financial institutions to verify the identity of their clients.
• KYC is a regulatory requirement to prevent money laundering and fraud

• It involves collecting personal information and verifying it through documents

• Examples of KYC documents include passport, driver's license, and utility bills
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Q1. What is AML ?
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AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
• AML is a regulatory framework that aims to detect and prevent money laundering activities.

• Financial institutions are required to have AML programs in place to monitor and report suspicious activities.

• Examples of AML measures include customer d...read more
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Q2. What is ML ?
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ML stands for Machine Learning, a subset of artificial intelligence that focuses on the development of algorithms and models that allow computers to learn from and make predictions or decisions based on data.
• ML involves training algorithms to learn patterns and make predictions or decisions without being explicitly programmed.

• Common techniques in ML include supervised learning, unsupervised learning, and reinforcement ...read more
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Q1. Self introduction
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Q2. Previous experience
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1 question about general topic like social media need to write essay on that topic.

Q1. What is Kyc? What is AML?
Ans. 
KYC stands for Know Your Customer, which is a process of verifying the identity of a customer. AML stands for Anti-Money Laundering, which is a set of laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income.
• KYC is a process of collecting and verifying customer information, such as name, address, and identification documents.

• KYC helps financial instit...read more
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Q2. What is OFAC and FATCA? CDD and EDD?
Ans. 
OFAC and FATCA are regulations related to financial compliance. CDD and EDD are customer due diligence and enhanced due diligence processes.
• OFAC (Office of Foreign Assets Control) is a US government agency that enforces economic and trade sanctions against countries, organizations, and individuals involved in terrorism, narcotics trafficking, and other illegal activities.

• FATCA (Foreign Account Tax Compliance Act) is a ...read more
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Q3. Regulators and Regulations? Why banks do KYC?
Ans. 
Banks do KYC to comply with regulations and prevent financial crimes.
• KYC helps banks verify the identity of their customers and assess the risk of doing business with them.

• Regulators require banks to implement KYC procedures to prevent money laundering, terrorist financing, and other financial crimes.

• KYC also helps banks maintain a good reputation and avoid legal and financial penalties.

• Examples of KYC regulations incl...read more
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Q4. Kyc effects in Financial Institutions? Identity and Verification?
Ans. 
KYC is crucial for financial institutions to prevent money laundering and terrorist financing.
• KYC (Know Your Customer) is a process of verifying the identity of customers and assessing their potential risks.

• Financial institutions are required by law to perform KYC to prevent money laundering and terrorist financing.

• KYC includes collecting personal information, verifying identity documents, and screening against sanctio...read more
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