Statestreet HCL Services Interview Questions, Process, and Tips

Q1. What is NAV, Journal Entries OF Prepaid, Subscrption In Advance, Types of Shares, What is return on share and Bond, tax concept on Dividend and interest.
Ans. 
NAV is Net Asset Value, Journal Entries are records of financial transactions, Types of Shares include common and preferred, Return on Share is a measure of profitability, Tax on Dividend and Interest is applicable.
• NAV is calculated by subtracting liabilities from assets

• Journal Entries for Prepaid expenses involve debiting Prepaid Expense and crediting Cash or Accounts Payable

• Types of Shares include Common Shares and P...read more
Answered by AI
Add your answer

Q1. What if DTC, expain
Ans. 
DTC stands for Direct-to-Consumer, a marketing strategy where companies sell products directly to consumers.
• DTC eliminates the need for middlemen or retailers, allowing companies to have more control over pricing and distribution.

• Examples of DTC brands include Warby Parker (eyewear), Casper (mattresses), and Glossier (beauty products).
Answered by AI
Add your answer
Q2. What is forex , explain
Ans. 
Forex, or foreign exchange, is the global marketplace for trading currencies.
• Forex involves buying and selling currencies in order to profit from fluctuations in exchange rates

• It is the largest financial market in the world, with trillions of dollars traded daily

• Major participants in the forex market include banks, financial institutions, governments, and individual traders

• Popular currency pairs traded in forex include
Answered by AI
Add your answer

Accounting related questions

Q1. What is derivatives
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging, speculation, or arbitrage.

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

• Derivatives allow investors to take positions on the price movements of assets without owning the assets themselves.

• For example, a call option gives the holder the right to buy a s...read more
Answered by AI
Add your answer
Q2. What is investment banking
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions.
• Helping companies raise capital through issuing stocks and bonds

• Advising on mergers and acquisitions

• Providing strategic financial advice to clients

• Assisting with IPOs (Initial Public Offerings)

• Trading securities for clients
Answered by AI
Add your answer

Q1. Basic CV run through and screening questions
Add your answer
Q2. Questions based on experience
Add your answer

Q1. Quetions on experience and knowledgw test
Add your answer

Q1. Role and Salary expectation
Add your answer

Q1. Introduction of myself
Add your answer
Q2. Company profile
Add your answer

Q1. What is hedge fund, prepaid and accural journal Entries, sub subscription in advance entry, Difference between equity and preference share.
Add your answer