Shriram Finance Interview Questions, Process, and Tips

Q1. Common ways to evaluate Time Series model
Ans. 
Common ways to evaluate Time Series model include AIC, BIC, RMSE, MAE, ACF, PACF, etc.
• Use Akaike Information Criterion (AIC) and Bayesian Information Criterion (BIC) to compare models

• Calculate Root Mean Squared Error (RMSE) and Mean Absolute Error (MAE) to assess model accuracy

• Analyze Autocorrelation Function (ACF) and Partial Autocorrelation Function (PACF) to check for autocorrelation in residuals
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Q2. Best ways to handle multicollinearity
Ans. 
Use techniques like feature selection, regularization, PCA, and VIF to handle multicollinearity.
• Perform feature selection to choose the most relevant variables for the model.

• Apply regularization techniques like Lasso or Ridge regression to penalize high coefficients.

• Utilize Principal Component Analysis (PCA) to reduce dimensionality and decorrelate variables.

• Check for Variance Inflation Factor (VIF) to identify highly
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Q1. Write a function taking input as string and output a dictionary which will give key as characters in these string and values as their frequency of occurrence
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Q2. TF IDF in NLP
Ans. 
TF IDF is a technique used in NLP to measure the importance of a word in a document within a collection of documents.
• TF IDF stands for Term Frequency-Inverse Document Frequency.

• It is used to determine how important a word is in a document relative to a collection of documents.

• TF IDF is calculated by multiplying the term frequency (TF) of a word in a document by the inverse document frequency (IDF) of the word across al...read more
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Which includes currentaffairs ,maths ,general aptitude

Q1. Simple questions based on vocabularity
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Q1. Silple questions based on currentaffairs.
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Q1. Face to face interview.
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The tests often take 30 minutes, and frequently there are network issues that require you to restart your test multiple times.

Q1. What is the full form of KYC?
Ans. 
KYC stands for Know Your Customer, a process used by businesses to verify the identity of their clients.
• KYC is a regulatory requirement in many industries, including banking and financial services.

• It involves collecting personal information from customers to prevent fraud and money laundering.

• Examples of KYC documents include government-issued IDs, utility bills, and bank statements.
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Q2. What is your understanding of the basics of interest rates?
Ans. 
Interest rates represent the cost of borrowing money or the return on investment, influenced by factors like inflation and central bank policies.
• Interest rates are the cost of borrowing money, typically expressed as a percentage of the principal loan amount.

• They also represent the return on investment for savings or investments.

• Interest rates are influenced by factors such as inflation, central bank policies, economic ...read more
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It contains questions similar to those found in CAT exams, including basic questions and general knowledge related to NBFC companies.

Q1. Family background
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Q2. Financial Knowledge
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Q1. Why shriram finance
Ans. 
Shriram Finance offers competitive interest rates, flexible repayment options, and excellent customer service.
• Competitive interest rates compared to other financial institutions

• Flexible repayment options tailored to individual needs

• Excellent customer service for a smooth borrowing experience
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Q2. How many calls you can in a month
Ans. 
The number of calls I can make in a month varies depending on my schedule and workload.
• The number of calls I can make in a month depends on my availability and the nature of the calls.

• On average, I can make around 100 calls in a month if they are short and straightforward.

• If the calls require more time and in-depth discussions, I may only be able to make 50 calls in a month.

• I prioritize important calls and schedule the
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Q3. What about shriram
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Before the interview, it is important to prepare adequately.

General knowledge learning.

About financial services