State Street Bank Analyst Interview Questions and Answers

Accounting entries for bonds involve recording the issuance, interest expense, and amortization of premium or discount.

• Record issuance of bonds at face value as a liability and cash received as an asset

• Recognize interest expense over time using effective interest rate method

• Amortize premium or discount on bonds using straight-line or effective interest rate method

A Credit Default Swap (CDS) is a financial derivative contract that allows an investor to hedge against the risk of default on a debt instrument.

• CDS is essentially a form of insurance against the default of a borrower or issuer of a debt security.

• The buyer of a CDS makes periodic payments to the seller in exchange for protection against default on a specified debt obligation.

• If the borrower defaults, the seller of the ...read more

I am impressed by your company's reputation for innovative solutions and strong team collaboration.

• I am drawn to your company's commitment to excellence in analytics

• I am excited about the opportunity to work with a talented team of analysts

• I believe my skills and experience align well with the challenges your company faces

In five years, I see myself as a senior analyst leading a team and making significant contributions to the company's growth.

• Leading a team of analysts

• Making significant contributions to company growth

• Continuing professional development and learning new skills

• Building strong relationships with colleagues and clients

The current finance minister of the country is Nirmala Sitharaman.

• Nirmala Sitharaman became the finance minister in May 2019.

• She is the first full-time female finance minister of India.

• She has presented two Union Budgets so far, in 2019 and 2020.

• She has also introduced several economic reforms and policies, such as the Corporate Tax Cut and the Atmanirbhar Bharat Abhiyan.