State Street Corporation Apprentice Interview Questions, Process, and Tips for Freshers

Q1. Tell me about yourself
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Q2. Are you okay with night shifts & location, who are there in your family, are your parents okay with night shifts
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Q3. What are shares?
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Shares represent ownership in a company and entitle the shareholder to a portion of the company's profits and voting rights.
• Shares are units of ownership in a company

• Shareholders are entitled to dividends based on the company's profits

• Shareholders have voting rights in company decisions

• Shares can be bought and sold on stock exchanges

• Common types of shares include common stock and preferred stock
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Q4. What is SEBI? What does it do?
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SEBI stands for Securities and Exchange Board of India. It is the regulatory body for the securities market in India.
• SEBI regulates the securities market by overseeing the activities of stock exchanges, brokers, merchant bankers, and other intermediaries.

• It protects the interests of investors and promotes the development of the securities market.

• SEBI also regulates takeover of companies, insider trading, and fraudulent...read more
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Q5. What is NAV & its formula?
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NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.
• NAV is used to determine the price of a mutual fund or ETF.

• Formula: NAV = (Total assets - Total liabilities) / Number of shares outstanding

• For example, if a mutual fund has total assets of $100 million, total liabilities of $10 million, and 10 million shares outstanding, the NAV would
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Q1. Vacancy was for middle income department Background and resume related Qs, night shifts
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Q2. Golden Rules of Accounting
Ans. 
Golden Rules of Accounting are basic principles that guide the process of recording financial transactions.
• The three Golden Rules of Accounting are: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
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Q3. What is Accrued Income? &its journal entry
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Accrued income is revenue earned but not yet received. Journal entry includes debiting accrued income and crediting income account.
• Accrued income is revenue that has been earned but not yet received.

• It is recorded as a current asset on the balance sheet.

• Journal entry for accrued income involves debiting accrued income and crediting the income account.

• Example: A company provides services to a client in December but does...read more
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Q4. Do you know Trade Life Cycle? & dates in Trade Life Cycle
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Trade Life Cycle refers to the process of a trade from initiation to settlement, involving various steps and dates.
• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the agreed terms.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Actual exchange of securities and payment takes place.

• Trade reconciliation: Ensuring all details matc...read more
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