10+ ITC Interview Questions and Answers

Thermal power scheduling after bundling with solar and wind can be done through proper forecasting and balancing techniques.

• Forecast the expected solar and wind power generation

• Determine the remaining power demand

• Schedule the thermal power generation to meet the remaining demand

• Use balancing techniques to ensure grid stability

• Adjust the schedule as needed based on real-time power generation and demand

• Examples: India's National Grid uses a real-time scheduling and dispatch sys...read more

Managing team member issues involves open communication, empathy, conflict resolution, and setting clear expectations.

• Encourage open communication to address issues early on

• Show empathy and understanding towards team members' concerns

• Utilize conflict resolution techniques to resolve conflicts peacefully

• Set clear expectations and goals for team members to prevent misunderstandings

• Provide support and guidance to team members facing personal or professional challenges

The egg came first, as it was laid by a bird that was not quite a chicken.

• The egg came first because it was laid by a bird that was not quite a chicken.

• According to evolutionary biology, the first chicken would have evolved from a different species through a series of genetic mutations. The first bird that could be called a chicken would have laid the egg from which the first true chicken hatched.

• Therefore, the egg came first in the evolutionary timeline.

A successful digital strategy involves understanding target audience, setting clear goals, utilizing data analytics, and staying adaptable.

• Understand target audience and their digital behavior

• Set clear and measurable goals for the digital strategy

• Utilize data analytics to track performance and make informed decisions

• Stay adaptable and willing to adjust strategy based on results and market trends

SnOP is a process that integrates sales and operations planning to align demand and supply.

• SnOP involves collaboration between sales, marketing, finance, and operations teams.

• The process includes forecasting demand, creating production plans, and managing inventory levels.

• SnOP helps to balance supply and demand, reduce costs, and improve customer satisfaction.

• For example, a company may use SnOP to plan production of a new product based on sales forecasts and inventory levels....read more

I have extensive experience in detailed process flows and accounting across various modules.

• I have worked with different accounting software such as QuickBooks, Xero, and SAP.

• I have created detailed process flows for various departments such as procurement, sales, and finance.

• I have experience in different modules such as accounts payable, accounts receivable, and general ledger.

• I have also trained team members on accounting processes and software usage.

I plan for technical upskilling by identifying skill gaps, setting goals, creating a learning plan, and regularly evaluating progress.

• Identify current skill gaps through self-assessment or feedback from colleagues

• Set specific, measurable, achievable, relevant, and time-bound (SMART) goals for upskilling

• Create a learning plan that includes courses, workshops, certifications, and practical projects

• Regularly evaluate progress and adjust the plan as needed to stay on track

• Seek me...read more

The father of Antarctica is considered to be James Cook, the British explorer who first crossed the Antarctic Circle in 1773.

• James Cook was the first to cross the Antarctic Circle in 1773, making significant contributions to the exploration of Antarctica.

• Although Cook did not actually set foot on the continent, his voyages laid the groundwork for future expeditions to Antarctica.

• Cook's exploration of the Southern Ocean and his determination to reach the Antarctic region earne...read more

In auditing, I review financial records, assess internal controls, and ensure compliance with regulations.

• Reviewing financial statements and records for accuracy

• Assessing internal controls to prevent fraud and errors

• Ensuring compliance with laws and regulations

• Identifying areas for improvement in financial processes

• Communicating findings to management and stakeholders

The current compensation is competitive and includes base salary, bonus potential, and benefits.

• Base salary is determined based on experience, qualifications, and market rates.

• Bonus potential may be tied to individual and company performance.

• Benefits typically include health insurance, retirement plans, and paid time off.

Storage solutions are crucial for the grid to manage fluctuations in supply and demand, improve reliability, and integrate renewable energy sources.

• Storage solutions help balance supply and demand by storing excess energy during low demand periods and releasing it during peak demand.

• They improve grid reliability by providing backup power during outages or emergencies.

• Storage solutions enable the integration of renewable energy sources like solar and wind by storing excess ene...read more

I use a variety of tools such as project management software, communication tools, and data analysis tools.

• Project management software (e.g. Trello, Asana)

• Communication tools (e.g. Slack, Microsoft Teams)

• Data analysis tools (e.g. Excel, Tableau)

Revenue recognition steps involve identifying the transaction, determining the amount of revenue to recognize, and allocating the revenue to the appropriate period.

• Identify the contract with the customer

• Identify the performance obligations in the contract

• Determine the transaction price

• Allocate the transaction price to the performance obligations

• Recognize revenue when (or as) the entity satisfies a performance obligation

Building relationships involves communication, trust, empathy, and mutual respect.

• Effective communication is key to building relationships

• Showing empathy and understanding towards others helps in building trust

• Being reliable and consistent in your actions strengthens relationships

• Respecting others' opinions and boundaries is essential for healthy relationships