Vaidik Eduservices Interview Questions, Process, and Tips

Q1. Questions related of the topics they sent you on email. That's it.
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Q2. For accounting they asked me about capital budgeting, cash flows and basics about balance sheet.
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Q1. About electrical base questions
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Q1. Basic biology questions from anatomy and physiology
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Q2. 1. Dorsal and ventral organs 2. RAAS system
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We were given a doc in which we had to type answers of the questions.. Questions were quite basic from anatomy & physiology but lengthy.

Q1. What is fiscal stimulus?
Ans. 
Fiscal stimulus refers to government policies aimed at increasing aggregate demand and stimulating economic growth.
• Fiscal stimulus involves increasing government spending or reducing taxes to boost economic activity.

• It is typically used during times of economic downturn or recession.

• Examples of fiscal stimulus measures include infrastructure spending, tax cuts, and direct cash transfers to individuals or businesses.

• The...read more
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Q2. What will happen to interest rate when exchange rate is depreciated?
Ans. 
Depreciation of exchange rate leads to increase in interest rate.
• Depreciation of exchange rate leads to inflationary pressure.

• Central banks increase interest rates to control inflation.

• Higher interest rates attract foreign investors, increasing demand for domestic currency.

• Examples: India increased interest rates in 2018 when rupee depreciated.

• Similarly, Turkey increased interest rates in 2021 when lira depreciated.
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Q3. What is perfect price discrimination?
Ans. 
Perfect price discrimination is a pricing strategy where a seller charges each customer the maximum price they are willing to pay.
• Seller charges different prices to different customers based on their willingness to pay

• Seller captures the entire consumer surplus

• Requires seller to have perfect information about each customer's willingness to pay

• Examples include car dealerships negotiating prices with customers and airlin...read more
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Q4. What is opportunity cost? Can you give me an example?
Ans. 
Opportunity cost is the value of the next best alternative forgone in order to pursue a certain action.
• Opportunity cost is a fundamental concept in economics.

• It refers to the cost of an alternative that must be forgone in order to pursue a certain action.

• For example, if you choose to spend money on a vacation, the opportunity cost is the value of the next best alternative use of that money, such as investing it or payi...read more
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They gave three question of which one hour was provided to complete the answer. It was a open book kind of assignment but without any plagrism.
First ques was based on calculation and we had to provide definition, formula and value. Second was more of technical related to our field and third was a google doc related table making.
They explained everything before hand.

Q1. Nothing they just explained the job work and salary package. Thats it
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Q1. What is marketing mix
Ans. 
Marketing mix refers to the set of tactics or tools used by a company to promote its products or services.
• Marketing mix consists of four Ps: product, price, place, and promotion.

• Product refers to the item or service being sold.

• Price refers to the cost of the product or service.

• Place refers to the location where the product or service is sold.

• Promotion refers to the methods used to communicate with customers and promote...read more
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Q2. What is six sigma in operation management
Ans. 
Six Sigma is a data-driven approach to improve quality and reduce defects in operational processes.
• Six Sigma aims to minimize variability and defects in processes through statistical analysis and problem-solving methodologies.

• It involves five phases: Define, Measure, Analyze, Improve, and Control (DMAIC).

• Six Sigma is widely used in industries such as manufacturing, healthcare, and finance to improve efficiency and cust...read more
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Q1. Introduce yourself, What is opportunity cost? In which market deadweight loss is maximum? What policy is taken during recession by the government? What is perfect price discrimination?
Ans. 
Opportunity cost is the value of the next best alternative forgone. Deadweight loss is maximum in monopolistic markets. During recession, government implements expansionary fiscal policy. Perfect price discrimination is charging each customer their maximum willingness to pay.
• Opportunity cost is the value of the next best alternative that is given up when a decision is made.

• Deadweight loss is maximum in monopolistic mar...read more
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