Vakilsearch Internship Trainee Interview Questions and Answers

Q1. Technical questions in relation to the team you are going to be part of.
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Q1. More of a personality assessment, general questions on goals, etc
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Q1. Enforcement of Equitable Mortgage and Registered Mortgage
Ans. 
Enforcement of Equitable Mortgage and Registered Mortgage involves different legal processes and remedies.
• Equitable mortgage is created by deposit of title deeds while registered mortgage is created by registration with the land registry.

• Enforcement of equitable mortgage involves filing a suit for foreclosure or sale of the property.

• Enforcement of registered mortgage involves initiating foreclosure proceedings through ...read more
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Q2. Types of mortgage
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There are various types of mortgages, including fixed-rate, adjustable-rate, FHA, VA, and jumbo loans.
• Fixed-rate mortgages have a set interest rate for the entire term of the loan.

• Adjustable-rate mortgages have an interest rate that can change periodically.

• FHA loans are insured by the Federal Housing Administration and often require a lower down payment.

• VA loans are guaranteed by the Department of Veterans Affairs and ...read more
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Basic problems on strings and arrays

Q1. Full detailed questions on .net technologies
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Two hours and 32 questions

Q1. Write commands for DML
Ans. 
DML commands are used to manipulate data in a database. Examples include INSERT, UPDATE, DELETE.
• INSERT: Adds new data into a table

• UPDATE: Modifies existing data in a table

• DELETE: Removes data from a table
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Q2. Write commands for Joins
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Joins are used to combine rows from two or more tables based on a related column between them.
• INNER JOIN: Returns rows when there is at least one match in both tables

• LEFT JOIN: Returns all rows from the left table and the matched rows from the right table

• RIGHT JOIN: Returns all rows from the right table and the matched rows from the left table

• FULL JOIN: Returns rows when there is a match in one of the tables
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Q1. Ask questions regarding advance excel
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Q2. Ask questions from Power BI
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Q1. Questions pertaining to current affairs of law
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Q2. Questions on updates will be asked
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Q1. Will examine your fitness with firm culture
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Q1. Background and Experience?
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Q2. About Your Education and Work Experience.
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Q1. What are the important things you check while processing the invoice?
Ans. 
Important things to check while processing invoices include accuracy, proper documentation, approval, and matching with purchase orders.
• Verify accuracy of invoice details such as amounts, dates, and vendor information

• Ensure proper documentation is attached, such as receipts or purchase orders

• Confirm approval from authorized personnel before processing payment

• Match the invoice with corresponding purchase orders to preve
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Q2. Invoice Bill to address, Invoice Date, Currency, Tax Rate, Tax Amount, Description, Total Amount.
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Q1. Java collection , Spring boot, mucroservices
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Q2. Java 8 features , File handling
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Q1. 3 golden rules of accounting
Ans. 
The 3 golden rules of accounting are: 1. Debit the receiver, credit the giver. 2. Debit what comes in, credit what goes out. 3. Debit expenses and losses, credit income and gains.
• Debit the receiver, credit the giver - when a business receives something, it debits the account and when it gives something, it credits the account.

• Debit what comes in, credit what goes out - when money comes into the business, it debits the ...read more
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Q2. Difference between budget and forcast
Ans. 
Budget is a financial plan for a specific period, while forecast is an estimate of future financial outcomes.
• Budget is a detailed plan of income and expenses for a specific period, usually a year.

• Forecast is an estimate of future financial outcomes based on past performance and current trends.

• Budget is more rigid and inflexible, while forecast is more flexible and adaptable.

• Budget is used for planning and controlling e...read more
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