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

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Q1. What is trade settlement
Ans. 
Trade settlement is the process of transferring securities and funds between parties involved in a trade.
• Trade settlement involves the finalization of a trade by transferring securities from the seller to the buyer and funds from the buyer to the seller.

• It typically involves the clearing and settlement of trades through a central clearinghouse or directly between parties.

• Trade settlement ensures that all parties fulfil...read more
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Q2. Give example for investment banking
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions.
• Raising capital for clients through issuing stocks or bonds

• Mergers and acquisitions advisory services

• Providing strategic financial advice to clients

• Underwriting securities offerings

• Trading of securities for clients
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Q1. How will you handle stress
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Q2. How will you handle this stress
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Q1. Process experience
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Q2. General accounting questions
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Q1. About previous company experience
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Q2. Salary expectation
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Q1. Interview question was not relevant according to JD. JD given by after interview. And Interviewer not good in experience they are asking wrong questions.
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Q1. Out of the context question
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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?
Ans. 
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?
Ans. 
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?
Ans. 
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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Exam was arranged by HirePro
Aptitude 20Qs 30mins
English 15Qs 15mns
Finance & Management 20Qs 30mins
Excel 10Qs 15mins
Aptitude test was tough

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
Ans. 
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
Ans. 
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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Q1. Explain about Trade Life Cycle
Ans. 
The Trade Life Cycle encompasses all stages of a trade from initiation to settlement and reporting.
• 1. Trade Initiation: The process begins when a trader decides to buy or sell a financial instrument.

• 2. Order Execution: The trade order is sent to the market and executed at the best available price.

• 3. Trade Confirmation: Both parties receive confirmation of the trade details, including price and quantity.

• 4. Clearing: The...read more
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Q2. Explain about Corporate Actions
Ans. 
Corporate actions are events initiated by a company that affect its securities and shareholders.
• Types of corporate actions include dividends, stock splits, mergers, and acquisitions.

• Dividends are payments made to shareholders, often as a reward for holding shares.

• A stock split increases the number of shares while reducing the share price proportionally.

• Mergers involve two companies combining to form a new entity, impac...read more
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Q1. About finacial reporting
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