TeroTAM Key Account Manager Interview Questions and Answers

I want to join ICICI because of its strong reputation in the banking industry and the opportunities for growth and development it offers.

• ICICI has a strong reputation in the banking industry

• Opportunities for growth and development

• Excited about the chance to work with a leading financial institution

Payment flow for card transaction involves authorization, clearing, and settlement processes.

• Customer initiates payment using card details

• Merchant sends payment request to acquiring bank

• Acquiring bank forwards request to card network for authorization

• Card network checks with issuing bank for funds availability

• Issuing bank approves or declines transaction

• Authorization code is sent back to acquiring bank

• Merchant complete...read more

Finance and accounts are related but distinct fields. Ledger creation is the process of recording financial transactions. Cash flow and fund flow are tools used to analyze the movement of money in a business. GST is a tax system in India.

• Finance deals with the management of money and investments, while accounts focus on recording and analyzing financial transactions.

• Ledger creation involves setting up accounts to recor...read more

GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services.

• GST is a single tax that replaced multiple indirect taxes in India.

• It is a destination-based tax, meaning it is levied at the point of consumption.

• GST has different tax rates for different goods and services, such as 5%, 12%, 18%, and 28%.

• It aims to simplify the tax structure, eliminate cascading effect,...read more

Ledger creation is the process of recording financial transactions in a company's accounting system.

• Ledger creation involves setting up accounts to track different types of transactions.

• It includes recording details such as date, description, debit, and credit amounts.

• Ledgers provide a complete record of a company's financial activities and are used for financial reporting and analysis.

• Examples of ledgers include the g...read more