Skolar Finance Trainee Interview Questions and Answers

Group discussions
Topic based GD
Case study GD
Debate style GD
Problem solving GD

Q1. Is AI a threat to human job
Ans. 
AI poses a potential threat to certain jobs but also creates new opportunities for human workers.
• AI can automate repetitive tasks, leading to job displacement in certain industries

• However, AI also creates new job opportunities in fields such as data analysis, AI development, and machine learning

• Human workers can focus on tasks that require creativity, critical thinking, and emotional intelligence, areas where AI curren...read more
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Q2. Can 5G revolution technology
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Yes, 5G technology has the potential to revolutionize various industries with its high speed, low latency, and massive connectivity.
• 5G technology enables faster data speeds, lower latency, and increased network capacity.

• It can support the Internet of Things (IoT) devices, autonomous vehicles, smart cities, and virtual reality applications.

• 5G can improve efficiency in industries like healthcare, manufacturing, and trans...read more
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Q3. How important is data privacy in today world
Ans. 
Data privacy is crucial in today's world to protect personal information from misuse and unauthorized access.
• Data privacy helps prevent identity theft and fraud

• It ensures confidentiality of sensitive information such as financial records and medical history

• Regulations like GDPR and CCPA require organizations to protect consumer data

• Data breaches can have severe consequences for individuals and businesses

• Maintaining dat...read more
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Q4. Blockchain - just hype or the future
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Q5. Blockchain- just hype or the future
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Q1. Tell me about yourself Why do you want this job
Ans. 
Experienced finance professional with a strong track record in budgeting, forecasting, and financial analysis. Passionate about driving business growth through strategic financial management.
• I have over 8 years of experience in finance, including roles in budgeting, forecasting, and financial analysis.

• I am skilled in financial modeling and have a proven track record of improving financial performance.

• I am passionate ab...read more
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Q2. I am deepanshu Gupta and I have Fraser I have skills in football and I enjoy working on
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Aptitudes test assess a person logical reasoning problem solving and analysis skills they are commonly used in job recruitment collages and admissions

Q1. Deferred tax liability , practical use, how do we calculate
Ans. 
Deferred tax liability is a balance sheet item representing taxes that will be paid in the future due to temporary differences in accounting and tax rules.
• Deferred tax liability arises when a company's taxable income is greater than its accounting income, resulting in taxes being paid in the future.

• It is calculated by multiplying the temporary difference between taxable income and accounting income by the tax rate.

• Exam...read more
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Q2. Swap in simple terms, dividend growth model
Ans. 
A swap is a financial agreement between two parties to exchange cash flows or other financial instruments.
• A swap involves two parties exchanging cash flows or other financial instruments based on a predetermined set of terms.

• Common types of swaps include interest rate swaps, currency swaps, and commodity swaps.

• The dividend growth model is a method used to value a company's stock based on the expected future dividends i...read more
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Q1. What is depreciation?
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Q2. Full form of COGS ?
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Q1. Explain budgeting
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Q2. Explain forecasting
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Q3. Explain revenue recognition
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Q4. Rent accured ledger entry
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Q5. Why is asset recognised or depreciated in balance sheet
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Q1. Account payable?
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Q2. Difference between Profit & Revenue
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Q1. What is contingent liabilities
Ans. 
Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.
• Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.

• They are dependent on a future event occurring or not occurring.

• Examples include lawsuits, warranties, and guarantees.

• If the contingent liability is probable and the amount can be estimated, it should be recor
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Q2. What is provision
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Provision is an amount set aside in financial statements to cover anticipated future expenses or losses.
• Provision is a liability that is recognized on the balance sheet.

• It is used to account for potential future expenses or losses that are uncertain but likely to occur.

• Examples of provisions include bad debt provisions, warranty provisions, and restructuring provisions.
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Q1. Self introduction
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Q2. What is finance
Ans. 
Finance is the management of money and other assets, including investments, budgeting, and financial planning.
• Finance involves managing money and assets to achieve financial goals.

• It includes activities such as budgeting, investing, and financial planning.

• Finance helps individuals and organizations make informed financial decisions.

• Examples of finance include managing a company's cash flow, investing in stocks and bond
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Q1. What do you know about ICICI sales
Ans. 
ICICI sales refers to the sales activities and strategies of ICICI Bank, one of the largest private sector banks in India.
• ICICI Bank offers a wide range of financial products and services to individual and corporate customers.

• The bank utilizes various channels such as branches, online platforms, and mobile apps to drive sales.

• ICICI Bank often runs promotional campaigns and offers discounts to attract new customers and ...read more
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Q2. What do you know about your local area
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Q1. Tell me about yourself
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Q2. Basic questions about finance
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Q3. What exactly are you looking for in this internship?
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Q4. Available to join immediately
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Q5. About previous job/internship & certifications if any!
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