Statestreet HCL Services Interview Questions, Process, and Tips

Q1. Question related to derivatives swap option.
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Q2. Question related to previous experience.
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Q1. Golden rules of accounting
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The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q2. Financial market structure
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Q3. Difference between capital market and money market
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Capital market deals with long-term securities, while money market deals with short-term securities.
• Capital market involves buying and selling of long-term securities such as stocks and bonds.

• Money market involves buying and selling of short-term securities such as treasury bills and commercial paper.

• Capital market is more suitable for long-term investment goals, while money market is more suitable for short-term cash ...read more
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Q4. Types of bonds and shares
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Bonds and shares are types of financial instruments used by companies to raise capital from investors.
• Bonds are debt securities where investors lend money to a company or government in exchange for periodic interest payments and the return of the principal amount at maturity.

• Shares, also known as stocks, represent ownership in a company and entitle the shareholder to a portion of the company's profits through dividends...read more
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Q5. Preferential shares types
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Q1. Professional Background
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Q2. Previous experience in doing OD
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I have 5 years of experience in organizational development, including designing and implementing change management strategies.
• Led a team in restructuring a department to improve efficiency

• Developed training programs to enhance employee skills

• Implemented performance management systems to track progress

• Collaborated with leadership to create a culture of continuous improvement
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Q1. Explain the OD concepts
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OD concepts refer to organizational development principles and practices aimed at improving effectiveness and efficiency within a company.
• OD concepts focus on improving organizational culture, communication, and employee engagement.

• Examples include change management, team building, leadership development, and performance management.

• OD concepts often involve interventions such as training programs, surveys, and coaching...read more
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Q2. Explain it with a real time example
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Explaining a concept with a real-time example
• Choose a concept to explain

• Provide a real-time example that illustrates the concept

• Break down the example to show how it relates to the concept
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Q1. Expected CTC - negotiation
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Q2. Current CTC in hand
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My current CTC in hand is confidential and I prefer not to disclose it.
• I am not comfortable sharing my current CTC in hand as it is confidential information.

• I believe that discussing salary details should be done at a later stage in the interview process.

• I am more interested in discussing the opportunities and challenges of the role rather than focusing on my current salary.
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Financial topics , Aptitude, Reasoning

Q1. Basic Finance and accounting rules and definition
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Q2. Golden Rule of accounting
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The Golden Rule of accounting is to record debit and credit transactions accurately and equally.
• Every transaction should have equal debit and credit amounts

• Assets = Liabilities + Equity

• Example: If a company purchases inventory for $100, the entry should be a debit of $100 to inventory and a credit of $100 to cash or accounts payable

• The rule ensures accuracy and balance in financial statements
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Q1. What is the gain from equity shares mean?
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Gain from equity shares mean the profit earned by an investor through an increase in the value of their shares.
• Gain from equity shares is the difference between the selling price and the purchase price of the shares.

• It can also include dividends received by the investor.

• Investors can realize gains by selling their shares at a higher price than they bought them for.

• The gain can be calculated by subtracting the purchase
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Q2. Difference between equity share and debt holders
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Equity share represents ownership in a company, while debt holders are lenders who provide funds to the company.
• Equity share represents ownership in a company, giving shareholders voting rights and a share in profits.

• Debt holders are lenders who provide funds to the company in exchange for regular interest payments and eventual repayment of the principal amount.

• Equity shareholders bear the risk of the company's perform...read more
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Q1. Accounting process
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Q1. Funds accounting
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