Vara United Junior Associate Interview Questions and Answers

1st Round consisted of Technical Discussion and Coding Round. I was asked to write down the logic for Prime no., Fibonacci Series, Matrix related question, etc.

I was asked to share my screen and write down logic for questions related to Strings, Arrays and 2-D matrix's.

Q1. Discussion About the previous projects done. Detailed questions about the technique used and algorithm related questions.
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Q2. Few basic questions about ML. eg: Linear Regression, Logistic Regression, etc.
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The aptitude test contains questions MCQs for quants, basic statistics and basic coding questions. The aptitude also has 2 coding problems to solve which would be of easy-medium level.

The second round was live coding test, where the interviewer looks for your approach towards solving a given problem. The approach matters more than the correct syntax. All coding languages were allowed. SQL queries can also be asked.

Q1. Technical cum HR round contains language specific questions as well questions based on mathematics and statistics. Questions can be little bit tricky.
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Q1. Technical terms from jd
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Q1. Behaviour and previous company related questions
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Q1. Definition of IRR, NPV, NAV
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IRR, NPV, and NAV are financial metrics used to evaluate the profitability and value of investments.
• IRR (Internal Rate of Return) is the discount rate that makes the net present value of all cash flows from a particular investment equal to zero.

• NPV (Net Present Value) is the difference between the present value of cash inflows and outflows of an investment.

• NAV (Net Asset Value) is the value of a fund's assets minus its...read more
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Q2. Differentiate Mutual Fund, Hedge Fund, Private Equity
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Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities. Hedge funds are actively managed investment funds that use a variety of strategies to achieve high returns. Private equity involves investing in privately held companies or buying out public companies to take them private.
• Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities.

• H...read more
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Q3. Accounting Basics
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Q4. Analysis of Financial statements
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Analysis of financial statements involves reviewing and interpreting a company's financial data to assess its performance and make informed decisions.
• Review income statement, balance sheet, and cash flow statement to understand financial health

• Calculate key financial ratios like profitability, liquidity, and solvency ratios

• Compare current financial data with historical data and industry benchmarks

• Identify trends, stren...read more
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Q5. Limited Partner vs General Partner
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Limited partners are passive investors with limited liability, while general partners are actively involved in managing the business with unlimited liability.
• Limited partners have limited liability and are not involved in the day-to-day operations of the business.

• General partners have unlimited liability and are actively involved in managing the business.

• Limited partners typically contribute capital to the business but...read more
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Q1. Previous work experience
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Q2. Why this company?
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Q3. How do you fit into the role?
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Q4. Situational based questions
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Q1. About your self, qualification, skills
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Q1. Previous experience, Roles and responsibilities
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Q1. Why you want change your job.
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They asked basic java programs
Adding 2 no by using strams.

Q1. 1) basic introduction 2) regrarding java selenium 3) Framework design 4) cicd pipeline 5) git 6) testng 7) postman
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Q1. Basic salary discusion , notice period
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Q1. What is nav describe
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NAV stands for Net Asset Value, which represents the per-share value of a mutual fund or exchange-traded fund (ETF).
• NAV is calculated by subtracting a fund's liabilities from its assets and dividing by the number of shares outstanding.

• It is used to determine the price at which investors can buy or sell shares of the fund.

• NAV is typically calculated at the end of each trading day.

• For example, if a mutual fund has assets...read more
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Q2. What is the function of custodian bank
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Custodian banks are financial institutions responsible for safeguarding assets, such as securities and cash, on behalf of institutional clients.
• Provide safekeeping of assets

• Settle trades on behalf of clients

• Collect income on assets

• Process corporate actions

• Provide reporting and other administrative services

• Act as a liaison between the client and the investment manager
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