Sofitra Financial Associate Interview Questions and Answers

Q1. Self introduction, family background
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Q2. Why should hire you, salary expectation
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Q1. Self intlo, Tell about Hyderabad
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Hyderabad is a vibrant city in southern India known for its rich history, culture, and delicious cuisine.
• Hyderabad is home to iconic landmarks such as the Charminar, Golconda Fort, and Hussain Sagar Lake

• The city is famous for its biryani, a flavorful rice dish cooked with meat and aromatic spices

• Hyderabad is a major hub for technology companies, with a booming IT industry in areas like HITEC City
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Q2. What is hobbies, weeknes
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Q3. Short goals , long term goals
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Q4. What is weeks , What is your roll model
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Q1. What is depreciation and amortization
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Depreciation is the allocation of the cost of tangible assets over their useful life, while amortization is the allocation of the cost of intangible assets over their useful life.
• Depreciation is used for tangible assets like buildings, machinery, vehicles, etc.

• Amortization is used for intangible assets like patents, copyrights, trademarks, etc.

• Both depreciation and amortization help in spreading out the cost of an asse...read more
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Q2. What is balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.

• The balance sheet equation is: Assets = Liabilities + Shareholders' Equity.

• It helps investors and analysts...read more
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Q1. Related to Financial model which I prepared.
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Q1. IND AS 116 and about company
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Q1. What is Nach Process ?
Ans. 
NACH (National Automated Clearing House) is an electronic payment system used for bulk transactions.
• NACH is used for various types of transactions such as salary payments, dividends, and loan repayments.

• It is a paperless and electronic mode of payment.

• NACH is operated by the National Payments Corporation of India (NPCI).
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Q2. What is Emandate Process?
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Emandate process is a paperless method of authorizing recurring payments from a bank account.
• Emandate process eliminates the need for physical mandates or standing instructions.

• It allows customers to authorize recurring payments through their bank's internet banking platform.

• Emandate process is commonly used for payment of bills, insurance premiums, loan repayments, etc.

• It is a secure and convenient way of making recur...read more
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Q3. Will you work 24*7 ?
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Q1. Talk with HR was done
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Q2. What’s your future aim
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Marks : 13/20
Total number of questions : 20
Number of answered questions : 20
Number of unanswered questions : 0

Aptitude test includes Reasoning, Excel related Questions, Email drafting

Q1. Technical Round
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Q1. Technical Round
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