100+ Zelis Interview Questions and Answers

Golden rules of accounting are basic principles to be followed while recording financial transactions. Accrual journal entries record revenue or expenses when they are earned or incurred, regardless of when payment is received or made.

• The three golden rules of accounting are: debit the receiver, credit the giver; debit what comes in, credit what goes out; and debit all expenses and losses, credit all incomes and gains.

• Accrual journal entries record revenue or expenses when th...read more

High water mark, corporate actions, journal entries, forwards, options, and in the money options are all important concepts in hedge funds.

• High water mark refers to the highest peak in a hedge fund's net asset value (NAV) history.

• Corporate actions such as splits and spin-offs can affect the value of a hedge fund's holdings.

• Journal entries are used to record transactions in a hedge fund's accounting system.

• Forwards are contracts that allow investors to buy or sell an asset at ...read more

Journal entries for buying securities or accruing expenses involve debiting the relevant account and crediting cash or accounts payable.

• When buying securities, debit the securities account and credit cash

• When accruing expenses, debit the relevant expense account and credit accounts payable

• Journal entries should always balance with debits equaling credits

Answers to questions related to Associate Fund Accounting Manager position

• Types of breaks in reconciliation include cash breaks, position breaks, and transaction breaks

• Journal entries for prepaid expenses are recorded as assets, management fees are recorded as expenses, and dividends are recorded as income

• Corporate actions like spin-offs can affect NAV by changing the number of shares outstanding or the value of the underlying assets

• Position breaks can be caused by errors in ...read more

Mutual funds are investment vehicles that pool money from multiple investors to purchase securities.

• Mutual funds are managed by professional fund managers

• Investors can buy and sell mutual fund shares at the end of each trading day

• Examples of mutual funds include Vanguard 500 Index Fund, Fidelity Contrafund, and American Funds Growth Fund of America

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors buy shares of the mutual fund, which represent a portion of the holdings of the fund.

• People invest in mutual funds to diversify their investment portfolio, reduce risk, and access professional management.

• Mu...read more

Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders or securities.

• Types of corporate actions include dividends, stock splits, mergers and acquisitions, rights issues, and spin-offs.

• Dividends are payments made to shareholders from a company's profits.

• Stock splits involve dividing existing shares into multiple shares to lower the price per share.

• Mergers and acquisitions occur when two companies combine or one company buys an...read more

CDS are Credit Default Swaps, a type of financial derivative used to transfer credit risk from one party to another.

• CDS are contracts between two parties where one party agrees to compensate the other in case of a credit event, such as default or bankruptcy, of a third party.

• Companies underwrite CDS to hedge against the risk of default by a borrower or counterparty, or to speculate on the creditworthiness of a particular entity.

• CDS played a significant role in the 2008 financ...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities. Capital markets are where buyers and sellers trade financial securities.

• Mutual funds are managed by professional fund managers who invest the pooled money into stocks, bonds, or other securities.

• Investors in mutual funds own shares of the fund, which represent a portion of the holdings of the fund.

• Capital markets are where companies and governments ...read more

Derivatives are financial instruments whose value is derived from an underlying asset. Examples include forward contracts, futures contracts, options, and the Black-Scholes model.

• Derivatives are financial instruments that derive their value from an underlying asset, such as stocks, bonds, commodities, or currencies.

• An example of a derivative is a forward contract, which is an agreement between two parties to buy or sell an asset at a specified price on a future date.

• A forward...read more

A master feeder fund is a structure used by hedge funds to pool capital from investors, with feeder funds investing in the master fund.

• Master feeder fund structure involves a master fund and feeder funds, where feeder funds pool capital from investors and invest in the master fund.

• Hedge funds are investment funds that use various strategies to generate high returns for investors, often using leverage and derivatives.

• Journal entries for management fees involve debiting the man...read more

Private equity is a type of investment where funds are raised from high net worth individuals and institutions to invest in private companies.

• Private equity firms buy companies with the aim of improving their operations and increasing their value before selling them for a profit.

• Private equity investments are typically long-term and involve a high degree of risk.

• Private equity firms may also provide operational and strategic support to the companies they invest in.

• Examples of...read more

NAV stands for Net Asset Value and is a measure of a fund's value. A hedge fund is an investment fund that uses various strategies to generate high returns.

• NAV is calculated by subtracting a fund's liabilities from its assets

• Hedge funds are typically only available to accredited investors due to their high-risk strategies

• Hedge funds can use leverage, short selling, and derivatives to generate returns

• Some hedge funds specialize in specific industries or markets, such as techno...read more

Issue of bonus shares typically leads to a decrease in market price and an increase in total portfolio value.

• Issuing bonus shares increases the number of shares outstanding without any change in the total market value of the company.

• This dilution of shares usually leads to a decrease in the market price per share.

• However, the total portfolio value remains the same as the investor now holds more shares, albeit at a lower price per share.

• Investors may perceive bonus shares as a...read more

Hedge funds are alternative investment vehicles that use pooled funds to employ various strategies to generate high returns.

• Hedge funds are typically only available to accredited investors due to their high-risk nature.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can invest in a wide range of assets, including stocks, bonds, commodities, and currencies.

• Some common hedge fund strategies include long/short equity, global macro, and event-driven.

• Example...read more

Explanation of journal entries for investments

• Investments are recorded at cost or fair value depending on the accounting method used

• Dividends received are recorded as income

• Gains or losses on investments are recorded in the income statement

• If an investment is sold, the cost is removed from the balance sheet and any gain or loss is recorded in the income statement

• If an investment is impaired, the loss is recorded in the income statement

• If an investment is held for trading, any...read more

NAV stands for Net Asset Value. It is the value of a mutual fund's assets minus its liabilities.

• NAV is calculated by dividing the total value of a mutual fund's assets by the number of outstanding shares.

• NAV is calculated at the end of each trading day.

• NAV is used to determine the price at which investors can buy or sell shares in a mutual fund.

• NAV can be affected by changes in the value of the underlying assets, as well as by fees and expenses.

• For example, if a mutual fund h...read more

I will handle client queries by actively listening, empathizing, and providing clear and concise solutions.

• Listen actively to understand the client's concern

• Empathize with the client's situation

• Provide clear and concise solutions

• Follow up to ensure client satisfaction

Shorting securities involves borrowing and selling securities in the hopes of buying them back at a lower price.

• Shorting is a bet that the price of a security will decrease.

• Shorting involves borrowing securities from a broker and selling them on the market.

• If the price of the security decreases, the short seller can buy it back at a lower price and return it to the broker, making a profit.

• If the price of the security increases, the short seller will have to buy it back at a h...read more

When trading in equity stock market, I check various factors such as company financials, market trends, news, and technical analysis.

• Company financials - revenue, profit margins, debt levels

• Market trends - overall market direction, sector performance

• News - company announcements, industry news

• Technical analysis - price movements, volume trends

Derivative is a financial contract whose value is derived from an underlying asset. Spot refers to the current market price of an asset. Option is a contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price. Forward is a contract that obligates the buyer and seller to trade an asset at a predetermined price and date in the future.

• Derivative is a contract whose value is derived from an underlying asset

• Spot refers to the c...read more

Shorting a put option involves selling a put option with the expectation that the price of the underlying asset will rise.

• Shorting a put option is a bearish strategy

• The seller of the put option is obligated to buy the underlying asset at the strike price if the buyer decides to exercise the option

• Shorting a put option can be profitable if the price of the underlying asset rises or remains stable

• However, if the price of the underlying asset falls significantly, the seller of t...read more

Journal entries for Dividend

• Debit the retained earnings account for the amount of the dividend

• Credit the dividend payable account for the same amount

• When the dividend is paid, debit the dividend payable account and credit the cash account

• Dividend journal entries are important for tracking the distribution of profits to shareholders

Hedge funds are alternative investment vehicles that use pooled funds from accredited investors to generate high returns.

• Hedge funds are managed by professional fund managers.

• They use a variety of investment strategies, including leveraging, short-selling, and derivatives trading.

• Hedge funds are only available to accredited investors due to their high-risk nature.

• They are not regulated by the SEC like mutual funds.

• Examples of hedge funds include Bridgewater Associates, Renais...read more

Corporate actions are events initiated by a public company that impact its shareholders and securities.

• Dividends - distribution of profits to shareholders

• Stock splits - dividing existing shares into multiple shares

• Mergers and acquisitions - combining two companies into one

• Spin-offs - creating a new independent company from an existing one

• Rights issues - offering existing shareholders the right to buy additional shares at a discounted price

Stock split is a corporate action where a company increases the number of its outstanding shares by dividing each share into multiple shares.

• Stock split is done to make shares more affordable for investors and increase liquidity.

• There are different types of stock splits such as 2-for-1, 3-for-1, etc.

• Other types of corporate actions include mergers, acquisitions, spin-offs, and dividend payments.

• Corporate actions can affect the value of a company's stock and should be carefull...read more

Amortisation is the allocation of the cost of intangible assets over their useful life, while Depreciation & Impairment is the allocation of the cost of tangible assets over their useful life or when their value decreases.

• Amortisation is for intangible assets, such as patents or copyrights, while Depreciation is for tangible assets, such as buildings or machinery.

• Amortisation is usually straight-line, while Depreciation can be straight-line, double-declining balance, or units...read more

OTC Derivatives are privately negotiated financial contracts between two parties, not traded on an exchange.

• OTC stands for Over-The-Counter

• OTC Derivatives are customized contracts between two parties

• They are not traded on an exchange

• They are used for hedging, speculation, and arbitrage

• Examples include swaps, options, and forwards

Zero bonds are bonds that do not pay interest but are sold at a discount to their face value.

• Zero bonds are also known as discount bonds.

• They are issued at a discount to their face value and do not pay any interest.

• The benefit of zero bonds is that they offer a higher yield than traditional bonds.

• They are often used by corporations and governments to finance long-term projects.

• Investors can benefit from zero bonds by purchasing them at a discount and receiving the full face v...read more

Price and yield have an inverse relationship. Binomial tree valuation model is a method to price options using a tree structure.

• Price and yield have an inverse relationship - as price increases, yield decreases.

• Binomial tree valuation model is a method to price options by creating a tree of possible price movements.

• The model calculates option prices at each node of the tree and works backwards to determine the option's present value.

• It is a flexible model that can handle vari...read more

Black and Scholes Model inputs include interest rate, stock price, volatility, time to expiration, and dividend yield. IRS stands for Interest Rate Swap and CDS stands for Credit Default Swap.

• Black and Scholes Model inputs: interest rate, stock price, volatility, time to expiration, dividend yield

• IRS (Interest Rate Swap) involves exchanging fixed interest rate payments for floating rate payments

• CDS (Credit Default Swap) is a financial derivative that allows investors to hedge...read more

BDD is a software development process that encourages collaboration between developers, QA, and non-technical stakeholders.

• BDD stands for Behavior-Driven Development

• It focuses on defining the behavior of the system through examples in plain text

• Uses a common language (Gherkin syntax) to describe requirements and tests

• Helps in improving communication and understanding between team members

• Popular BDD tools include Cucumber, SpecFlow, and Behave

Option, future, swap, and bond are financial instruments used in investment and risk management.

• Option: A contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific time period.

• Future: A contract to buy or sell an asset at a predetermined price on a future date.

• Swap: An agreement between two parties to exchange cash flows or financial instruments.

• Bond: A fixed income investment where an investor loans mo...read more

Accrual accounting is a method of accounting that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Revenue and expenses are recognized when they are earned or incurred, not when cash is received or paid.

• Accrual accounting provides a more accurate picture of a company's financial position and performance.

• It follows the matching principle, where revenues are matched with the expenses that generated them.

• Examples include recognizing reve...read more

Zero coupon bonds do not pay interest but are sold at a discount, offering potential for higher returns but with higher risk.

• Advantages: potential for higher returns due to discount purchase price, no reinvestment risk from periodic interest payments, can be used for long-term financial goals like retirement planning

• Disadvantages: no regular income from interest payments, higher risk due to lack of periodic interest payments, may be subject to higher interest rate risk

• Example...read more

Factors bonds are fixed income securities representing debts, while NAV is the net asset value of a mutual fund. Derivative products include options which can be exercised at expiry.

• Factor bonds are fixed income securities issued by corporations or governments to raise capital.

• NAV (Net Asset Value) is the value of a mutual fund's assets minus its liabilities, divided by the number of shares outstanding.

• Derivative products, such as options, derive their value from an underlyin...read more

Various strategies used in options trading

• Long Call

• Short Call

• Long Put

• Short Put

• Covered Call

• Protective Put

• Straddle

• Strangle

• Butterfly Spread

• Iron Condor

Hedge funds are private investment funds with high risk and high returns, while mutual funds are publicly traded investment funds with lower risk and returns.

• Hedge funds are typically only available to accredited investors, while mutual funds are open to the general public.

• Hedge funds often use complex strategies like short selling and leverage to generate high returns, while mutual funds typically follow a more traditional long-only approach.

• Hedge funds have higher fees and ...read more

Equity refers to ownership in a company. Derivatives are financial instruments derived from underlying assets. Bonds are debt securities.

• Equity represents ownership in a company and can be in the form of common stock or preferred stock.

• Derivatives are financial instruments that derive their value from underlying assets such as stocks, bonds, or commodities. Examples include futures, options, and swaps.

• Bonds are debt securities issued by companies or governments to raise capit...read more

The 3 golden rules of accounts are the basic principles of accounting that every accountant should follow.

• Rule 1: Debit the receiver, credit the giver - This means that when a business receives something, it should debit the account that receives it and credit the account that gave it.

• Rule 2: Debit what comes in, credit what goes out - This means that when a business receives something, it should debit the account that receives it and credit the account that gave it.

• Rule 3: D...read more

Investment banking involves helping companies and governments raise capital by underwriting and issuing securities. Capital markets are where these securities are bought and sold.

• Investment banking involves advising clients on mergers and acquisitions, as well as helping them raise capital through the issuance of securities.

• Investment banks act as intermediaries between issuers of securities and investors.

• Capital markets are where securities such as stocks, bonds, and derivat...read more

Futures are standardized contracts traded on exchanges, while forwards are customized contracts traded over-the-counter.

• Futures are traded on exchanges, while forwards are traded over-the-counter.

• Futures have standardized terms and are highly liquid, while forwards have customized terms and are less liquid.

• Futures are marked-to-market daily, while forwards are not.

• Examples of futures include S&P 500 futures, while examples of forwards include customized currency contracts.

I have experience in process improvement and optimization in my previous organization.

• Implemented Lean Six Sigma methodologies to reduce waste and increase efficiency

• Conducted process mapping and analysis to identify bottlenecks and areas for improvement

• Collaborated with cross-functional teams to develop and implement process improvements

• Trained and coached team members on new processes and procedures

To reverse a string with spaces present in the same position, we can split the string by spaces, reverse each word, and then join them back together.

• Split the string by spaces to get individual words

• Reverse each word

• Join the reversed words back together with spaces in between

Generate all permutations of a string of length n within a string of length m.

• Use recursion to generate all possible permutations of the string of length n.

• Iterate through the string of length m and insert the permutations at different positions.

• Return an array of strings containing all permutations of the string of length n within the string of length m.

I run automation Regression scripts using a test automation framework and scheduling tools.

• I organize regression scripts into test suites based on functionality

• I use a test automation framework like Selenium or Appium to execute the scripts

• I schedule the regression runs using tools like Jenkins or TeamCity

• I analyze the test results and report any failures for further investigation

Accrual concept of accounting recognizes revenue and expenses when they are earned or incurred, regardless of when payment is received or made.

• Revenue is recognized when it is earned, not when payment is received

• Expenses are recognized when they are incurred, not when payment is made

• Accrual accounting provides a more accurate picture of a company's financial health

• Example: A company provides services in December but does not receive payment until January. Under accrual accoun...read more

Reconciliation is the act of restoring harmony or resolving conflicts between individuals or groups.

• Reconciliation involves acknowledging past wrongs and working towards forgiveness and understanding.

• It often requires open communication, empathy, and a willingness to compromise.

• Examples include reconciling with a friend after a disagreement, or countries seeking reconciliation after a war.

• Reconciliation can also refer to financial processes, such as balancing accounts or reso...read more

Investment banks generate money through various ways such as investment banking services, trading activities, asset management, and advisory services.

• Investment banking services: Investment banks provide services like underwriting, mergers and acquisitions, and initial public offerings (IPOs).

• Trading activities: Investment banks engage in trading stocks, bonds, derivatives, and other financial instruments to generate profits.

• Asset management: Investment banks manage assets on...read more

Mutual funds are investment vehicles that pool money from multiple investors to purchase securities.

• Equity funds invest in stocks

• Bond funds invest in fixed income securities

• Money market funds invest in short-term, low-risk securities

• Index funds track a specific market index

• Sector funds invest in a specific industry

• International funds invest in foreign markets

• Balanced funds invest in a mix of stocks and bonds

• Target-date funds adjust their asset allocation based on the investor...read more

An investment bank is a financial institution that helps companies and governments raise capital and provides various financial services.

• Investment banks facilitate the issuance of stocks and bonds for companies and governments.

• They provide advisory services for mergers and acquisitions, helping clients with strategic decisions.

• Investment banks engage in trading activities, including buying and selling securities for their own accounts.

• They generate income through fees and co...read more

A share represents ownership in a company and is bought and sold on the stock market.

• A share is a unit of ownership in a company, representing a claim on part of the company's assets and earnings.

• Shares are bought and sold on the stock market, where investors can trade them with each other.

• Share prices fluctuate based on the company's performance, market conditions, and investor sentiment.

• Investors buy shares in the hope that the company will grow and increase in value, allow...read more

CDS is a type of derivative used in finance. Other derivatives include options, futures, and swaps.

• CDS stands for Credit Default Swap, which is a financial contract that allows investors to protect against the risk of default on a debt instrument.

• Other derivatives include options, which give the holder the right to buy or sell an asset at a predetermined price; futures, which are contracts to buy or sell an asset at a future date and price; and swaps, which are agreements to ...read more

Derivatives are financial instruments whose value is derived from an underlying asset, while swaps are agreements between two parties to exchange cash flows or other financial instruments.

• Derivatives are contracts between two parties that derive their value from an underlying asset such as stocks, bonds, commodities, currencies, or interest rates.

• Swaps are agreements where two parties agree to exchange cash flows or other financial instruments. Common types include interest r...read more

Hedge funds are less regulated, have higher risk and returns, and are only available to accredited investors. Mutual funds are more regulated, have lower risk and returns, and are available to anyone.

• Hedge funds are only available to accredited investors, while mutual funds are available to anyone.

• Hedge funds have higher risk and returns, while mutual funds have lower risk and returns.

• Hedge funds are less regulated than mutual funds.

• Hedge funds often use complex investment st...read more

Validation test cases in Selenium are used to verify that the application under test meets the specified requirements.

• Validation test cases are designed to check if the application is working as expected.

• They are used to ensure that the application meets the specified requirements.

• Validation test cases can be automated using Selenium.

• Examples of validation test cases include verifying that a login page accepts valid credentials and rejects invalid ones, or that a search funct...read more

Money market bond is a type of fixed-income security that is issued by governments, corporations, and other entities to raise capital.

• Money market bonds have a maturity of one year or less.

• They are considered low-risk investments due to their short-term nature.

• Interest rates on money market bonds are typically lower than longer-term bonds.

• Examples of money market bonds include Treasury bills, commercial paper, and certificates of deposit.

Right issue procedure refers to the process by which a company offers existing shareholders the opportunity to purchase additional shares at a discounted price.

• Company announces the right issue, specifying the number of shares offered and the subscription price.

• Existing shareholders are given the option to purchase the additional shares in proportion to their existing holdings.

• Shareholders can either exercise their rights or sell them on the open market.

• The subscription perio...read more

Bonus issue procedure involves issuing additional shares to existing shareholders at no cost.

• Bonus issue is a way for companies to reward shareholders without affecting their cash reserves.

• Shareholders receive additional shares in proportion to their existing holdings.

• The procedure involves approval from the board of directors and shareholders.

• Companies may issue bonus shares to increase liquidity or improve market perception.

• Example: Company X announces a 1:1 bonus issue, me...read more

A bad request in API testing is when the server cannot process the request due to incorrect syntax or missing parameters.

• Bad request status code is 400

• Common causes include missing or incorrect parameters, invalid data format, or unauthorized access

• Examples: missing required parameters, incorrect data type in request body

Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time period.

• Options can be used for speculation, hedging, or generating income.

• There are two types of options: call options (which give the holder the right to buy an asset) and put options (which give the holder the right to sell an asset).

• Options have an expiration date and a strike price, which is the price at which the ass...read more

Bathochromic shift refers to the shift of absorption towards longer wavelengths in a molecule or compound.

• It is also known as a red shift.

• Occurs when there is a change in the electronic structure of a molecule, leading to a lower energy transition.

• Commonly observed in dyes and pigments.

• Can be influenced by factors such as solvent polarity and pH.

Management fees are charges paid by investors to the fund manager for managing their investments.

• Management fees are typically a percentage of the assets under management.

• They are charged to cover the costs of managing the fund, including salaries, rent, and other expenses.

• Management fees can vary widely depending on the type of fund and the investment strategy.

• For example, a hedge fund may charge a management fee of 2% of assets under management, while a mutual fund may char...read more

Polymorphism is the ability of an object to take on many forms.

• Polymorphism allows objects of different classes to be treated as if they are of the same class.

• It is achieved through method overriding and method overloading.

• Examples include function overloading in C++ and Java's method overriding.

• Polymorphism helps in achieving loose coupling and flexibility in code design.

Global accounting mutual funds are diversified investment vehicles that invest in a variety of international securities.

• Global accounting mutual funds provide investors with exposure to a diversified portfolio of international securities.

• They offer the potential for higher returns and lower risk through diversification.

• Investors can choose from a variety of global accounting mutual funds, each with its own investment strategy and risk profile.

• Advantages of global accounting m...read more

MTM is settled through a process of medication review, patient education, and collaboration with healthcare providers.

• MTM involves reviewing a patient's medications to ensure they are safe and effective.

• It includes educating patients about their medications and how to take them properly.

• MTM also involves collaborating with healthcare providers to optimize medication therapy.

• Examples of MTM activities include medication reconciliation, medication therapy reviews, and medicatio...read more

Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.

• Options can be call options (the right to buy) or put options (the right to sell).

• Options have an expiration date and a strike price at which the asset can be bought or sold.

• Options are commonly used for hedging, speculation, and generating income.

• Example: A call option on a stock gives the holder the right to buy t...read more

Corporate actions refer to events initiated by a public company that impact its shareholders and securities.

• Dividends - distribution of profits to shareholders

• Stock splits - dividing existing shares into multiple shares

• Mergers and acquisitions - combining two companies into one

• Rights issues - offering existing shareholders the right to buy additional shares at a discounted price

• Bonus issues - issuing free additional shares to existing shareholders

Mutual funds are investment vehicles that pool money from multiple investors to purchase securities.

• Investors buy shares in the mutual fund, which represents a portion of the fund's holdings

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors

• Mutual funds offer diversification, liquidity, and convenience to investors

• Types of mutual funds include equity funds, bond funds, money market funds, and balanced funds

Accrual concept is a fundamental accounting principle where revenue and expenses are recognized when they are incurred, regardless of when cash is exchanged.

• Revenue and expenses are recorded in the period they are earned or incurred, not when cash is received or paid.

• Accrual accounting provides a more accurate representation of a company's financial position and performance.

• Examples include recognizing revenue when services are provided, even if payment is not received until ...read more

Net asset value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

• NAV is calculated by subtracting the fund's liabilities from its assets

• The result is then divided by the number of shares outstanding to determine the NAV per share

• NAV is used to determine the price at which shares of a mutual fund are bought or sold

A hedge fund is a type of investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.

• Hedge funds are typically only available to accredited investors due to their high-risk nature.

• They use a variety of investment strategies, such as long-short equity, global macro, and event-driven.

• Hedge funds often charge a management fee and a performance fee based on the fund's returns.

• They are known for their ability to gen...read more

Excel and Word are popular software applications developed by Microsoft for creating spreadsheets and documents.

• Excel is used for creating and managing spreadsheets, performing calculations, and data analysis.

• Word is used for creating and editing documents, such as letters, reports, and resumes.

• Both Excel and Word are part of Microsoft Office suite.

• Excel uses cells, rows, and columns to organize data, while Word uses pages, paragraphs, and sections.

Corporate actions are events initiated by a company that can affect its stock price and shareholders.

• Corporate actions can include stock splits, dividends, mergers and acquisitions, spin-offs, and share buybacks.

• These actions can impact the value of a company's stock and the ownership structure of the company.

• Shareholders may need to take action, such as voting on a merger or tendering their shares in a buyback.

• Corporate actions are closely monitored by investors and analysts...read more

Futures and options are financial contracts that allow investors to buy or sell an asset at a predetermined price and date.

• Futures are contracts to buy or sell an asset at a future date and a predetermined price.

• Options are contracts that give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price and date.

• Futures and options are commonly used for hedging or speculation in financial markets.

• Examples of assets that can be traded through f...read more

The golden rules of accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is the Debit-credit rule, which states that for every transaction, there must be at least two accounts involved, with one account debited and another credited.

• The second golden rule is the Real account rule, which states that real accounts (assets, liabilities, and equity) are debited for what comes in and credited for what goes out.

• The third golden rul...read more

Journal entries are used to record financial transactions in a company's accounting system.

• There are several types of journal entries, including adjusting, reversing, and recurring entries.

• Adjusting entries are made at the end of an accounting period to update accounts that are not up-to-date.

• Reversing entries are made at the beginning of an accounting period to cancel out adjusting entries made in the previous period.

• Recurring entries are made on a regular basis, such as mon...read more

PUT is used to update an existing resource in SQL, while POST is used to create a new resource.

• PUT is idempotent, meaning multiple identical requests will have the same effect as a single request.

• POST is not idempotent, meaning multiple identical requests may have different effects.

• PUT is used to update specific resources identified by the request URI.

• POST is used to create new resources under the request URI.

• PUT is typically used for updating existing records in a database.

• P...read more

Use SQL query with ORDER BY and LIMIT to find the second highest salary.

• Use ORDER BY clause to sort the salaries in descending order

• Use LIMIT 1,1 to get the second row after skipping the first row

• Consider handling cases where there might be ties for the highest salary

Count occurrences of characters in a digit

• Iterate through each digit in the input array

• For each digit, convert it to a string and iterate through each character

• Use a hashmap to keep track of the count of each character

Types of security include physical, network, application, and data security.

• Physical security involves measures like locks, security guards, and surveillance cameras to protect physical assets.

• Network security focuses on protecting the organization's network infrastructure from unauthorized access or attacks.

• Application security involves securing software applications from threats like malware, SQL injection, and cross-site scripting.

• Data security includes encryption, access ...read more

Types of bonds include corporate bonds, government bonds, municipal bonds, and savings bonds.

• Corporate bonds are issued by corporations to raise capital.

• Government bonds are issued by governments to finance public projects.

• Municipal bonds are issued by local governments to fund infrastructure projects.

• Savings bonds are issued by the government and are considered low-risk investments.

Swaps are financial derivatives where two parties exchange cash flows or other financial instruments.

• Interest rate swaps involve exchanging fixed interest rate payments for floating rate payments.

• Currency swaps involve exchanging cash flows in different currencies.

• Commodity swaps involve exchanging cash flows based on the price of commodities.

• Credit default swaps involve transferring the credit risk of a bond or loan from one party to another.

Yes, I have extensive experience in using Selenium for automated testing.

• I have used Selenium WebDriver to automate web application testing

• I am proficient in writing test scripts using Java and Python

• I have experience in using Selenium Grid for parallel testing

• I have worked with various testing frameworks like TestNG and JUnit

• I have used Selenium to test web applications on different browsers and platforms

Derivatives markets offer financial instruments whose value is derived from an underlying asset.

• Derivatives are contracts between two parties that derive their value from an underlying asset such as stocks, bonds, commodities, or currencies.

• Common types of derivatives include futures, options, swaps, and forwards.

• Futures contracts obligate the buyer to purchase an asset at a predetermined price and time in the future.

• Options give the buyer the right, but not the obligation, t...read more

A framework is a set of guidelines, standards, and tools used to develop software applications.

• It provides a structure for organizing code and facilitates development.

• Frameworks can be front-end, back-end, or full-stack.

• Examples include React, Angular, Django, and Ruby on Rails.

Profit and loss can be calculated by subtracting the total expenses from the total revenue.

• Calculate total revenue by adding up all the income sources

• Calculate total expenses by adding up all the costs

• Subtract total expenses from total revenue to get profit or loss

• If the result is positive, it's a profit. If negative, it's a loss

I have experience working with both buyers and sellers to navigate financial transactions.

• I have assisted buyers in obtaining financing for their purchases, including mortgages and personal loans.

• I have worked with sellers to facilitate the transfer of funds and ensure that all necessary paperwork is completed.

• I am familiar with the legal and financial aspects of buying and selling, including taxes, fees, and regulations.

• I have experience communicating with clients and financ...read more

Put is a verb that means to place something in a particular position or location.

• It can also mean to bring something into a particular state or condition.

• Examples: put the book on the shelf, put the baby to sleep, put on a coat.

• It can also be used in idiomatic expressions such as put up with (tolerate) or put off (postpone).

The question is about an Excel test in front of HR.

• Prepare by familiarizing yourself with Excel functions and formulas.

• Practice using common Excel features like sorting, filtering, and creating charts.

• Be ready to demonstrate your ability to analyze data and create reports using Excel.

• Highlight any previous experience or projects where you utilized Excel effectively.

• Show your problem-solving skills by solving Excel-related scenarios or challenges.

Derivatives are financial contracts whose value is derived from an underlying asset, while equities represent ownership in a company.

• Derivatives are contracts between two parties that derive their value from an underlying asset, such as a stock, commodity, or currency.

• Equities represent ownership in a company and give shareholders the right to vote on company decisions and receive a portion of the company's profits.

• Derivatives can be used for hedging or speculation, while equ...read more

Net Asset Value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

• NAV is calculated by subtracting the fund's liabilities from its assets.

• The result is then divided by the number of shares outstanding to determine the NAV per share.

• NAV is used to determine the price at which investors can buy or sell shares of the fund.

• It is an important metric for investors to assess the performance and value of a fund.

I am familiar with a variety of technologies commonly used in DevOps, including Docker, Kubernetes, Jenkins, Ansible, and Git.

• Docker

• Kubernetes

• Jenkins

• Ansible

• Git

A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, managed by a professional fund manager.

• Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities.

• Investors buy shares of the mutual fund, which represent a portion of the holdings of the fund.

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• They offer diversificati...read more