Shriram Finance Accounts Manager Bfsi Interview Questions and Answers

Q1. GST related question
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Q2. What is Composite supply & mix supply
Ans. 
Composite supply is a supply consisting of two or more taxable supplies of goods or services or both, which are naturally bundled and supplied in conjunction with each other.
• Composite supply involves multiple taxable supplies bundled together as a single supply.

• It is treated as a single supply for tax purposes.

• The tax rate applicable to the principal supply is applied to the entire composite supply.

• Example: A laptop so...read more
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Q3. What is composition scheme
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Composition scheme is a simplified tax scheme for small businesses with turnover below a certain threshold.
• Available for businesses with turnover below a certain threshold

• Allows for simplified tax calculations and compliance

• Businesses under composition scheme cannot collect tax from customers

• Quarterly filing of returns instead of monthly

• Example: In India, businesses with turnover up to Rs. 1.5 crore can opt for composi
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Q4. What is reverse charge macanizem
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Reverse charge mechanism is a system where the recipient of the goods or services is liable to pay the tax instead of the supplier.
• Under reverse charge mechanism, the recipient of the goods or services is responsible for paying the tax to the government instead of the supplier.

• This mechanism is commonly used in cases where the supplier is not registered for GST or is an unregistered dealer.

• It helps in preventing tax ev...read more
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Q5. What is tntra state sale and inter state sale about GST
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Intra-state sale refers to sale of goods within the same state, while inter-state sale refers to sale of goods between different states under GST.
• Intra-state sale is subject to CGST and SGST/UTGST, while inter-state sale is subject to IGST.

• Intra-state sale occurs when both the seller and buyer are located in the same state.

• Inter-state sale occurs when the seller and buyer are located in different states.

• Example of intr...read more
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Q1. Self details and experience
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Q2. Educational Background
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Q1. What is the banking data storage
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Banking data storage refers to the secure and organized storage of financial information by banks.
• Banks store customer information, transaction history, and account details in secure databases.

• Data is often encrypted and backed up to prevent loss or theft.

• Banks must comply with regulations regarding data privacy and security, such as GDPR and PCI DSS.

• Cloud storage solutions are becoming more popular for banks to store ...read more
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Q2. What is the data entry operator
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A data entry operator is responsible for inputting data into a computer system or database.
• They ensure accuracy and completeness of data entered

• They may also be responsible for verifying data and making corrections

• They work with various types of data such as financial, medical, or customer information

• They may use specialized software or tools for data entry

• They need to have good typing skills and attention to detail
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Q3. What is the finance executive
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A finance executive is responsible for managing financial operations and ensuring the financial health of an organization.
• Overseeing financial transactions and budgets

• Preparing financial reports and statements

• Analyzing financial data and making recommendations

• Managing financial risks and investments

• Ensuring compliance with financial regulations

• Collaborating with other departments to achieve financial goals
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About for the company details

Q1. Asking some questions
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Q2. What about the company
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Q3. What is the process of gold loan
Ans. 
Gold loan is a type of secured loan where gold jewelry is used as collateral.
• Customer brings gold jewelry to lender

• Lender evaluates the value of the gold

• Loan amount is sanctioned based on the value of gold

• Customer receives the loan amount

• Customer repays the loan amount with interest within a specified period

• If loan is not repaid, lender has the right to sell the gold jewelry
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Q4. What is the process of
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The process of reconciling accounts involves comparing financial records to ensure they are accurate and in agreement.
• Gather all financial records and statements

• Compare transactions in records to bank statements

• Identify and resolve any discrepancies

• Prepare reconciliation reports for management review
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Responsible business operations and informs many decisions businesses make. If you want to maximize revenue, you might benefit from reviewing the idea of cash on hand. In this article, we define cash on hand, review the differences between it and petty cash and list some tips to help you maintain the right amount of cash on hand.

Q1. Tell me about yourself.
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Q2. What is the full form HDFC bank ?
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Q3. Who is the CEO of HDFC Bank ?
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Q4. Why do you choose HDFC Bank .?
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