Vara United Associate Interview Questions and Answers

Q1. What is nav describe
Ans. 
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
Ans. 
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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CET level questions, Math, Comprehension

Some mcq questions and coding question. Both where easy to medium level. Prepare combination/permutation/Time complexity etc

A question related to Binary search and some other follow ups.

Q1. Explain random forest
Ans. 
Random forest is an ensemble learning method that builds multiple decision trees and merges them to improve accuracy and prevent overfitting.
• Random forest is a type of ensemble learning method.

• It builds multiple decision trees during training.

• Each tree is built using a subset of the training data and a random subset of features.

• The final prediction is made by averaging the predictions of all the individual trees.

• Random...read more
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Q2. What is boosting
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Boosting is a machine learning ensemble technique where multiple weak learners are combined to create a strong learner.
• Boosting is an iterative process where each weak learner is trained based on the errors of the previous learners.

• Examples of boosting algorithms include AdaBoost, Gradient Boosting, and XGBoost.

• Boosting is used to improve the accuracy of models and reduce bias and variance.
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Q1. They focusing on communication and ask capital markets, derivatives related questions.
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Q1. Mutual fund, hedge fund, private equity, etf, performance fee, management fee, NAV calculation.
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Q1. Same as technical and ask some behavioural questions.
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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. Background check and Educational Qualification
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Q2. Relevant Experience in the job
Ans. 
I have relevant experience in the job.
• I have worked as an Associate for 3 years at XYZ company.

• During my time there, I successfully managed multiple projects and achieved all the set targets.

• I have a strong understanding of the job responsibilities and requirements.

• I have received positive feedback from my previous supervisors for my performance in similar roles.

• I have also completed relevant certifications and trainin
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Q1. How to calculate Net Asset Value?
Ans. 
Net Asset Value is calculated by subtracting liabilities from assets and dividing by the number of outstanding shares.
• Calculate the total value of all assets

• Subtract the total value of all liabilities

• Divide the result by the number of outstanding shares

• NAV = (Total Assets - Total Liabilities) / Number of Outstanding Shares

• Example: If a company has $10 million in assets and $5 million in liabilities, with 1 million outs
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Q2. Difference between Private Equity and Public Equity?
Ans. 
Private equity involves investing in private companies, while public equity involves investing in publicly traded companies.
• Private equity firms invest in companies that are not publicly traded

• Public equity involves buying shares of publicly traded companies

• Private equity firms typically acquire a controlling stake in the company they invest in

• Public equity investors do not have control over the company

• Private equity i...read more
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Q3. What do you mean by Mutual Funds?
Ans. 
Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other securities.
• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities

• Mutual funds offer diversification and can be a good option for investors who want exposure to a variety of...read more
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Q4. Difference between General Partner and Limited Partner?
Ans. 
General partners have unlimited liability and manage the business, while limited partners have limited liability and do not manage the business.
• General partners have unlimited liability for the debts and obligations of the business, while limited partners have limited liability and are only liable for the amount of their investment.

• General partners manage the day-to-day operations of the business, while limited partner...read more
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Q5. What do you mean by Capital Markets?
Ans. 
Capital markets refer to financial markets where long-term securities are traded.
• Capital markets are where companies and governments raise funds by issuing stocks, bonds, and other securities.

• These markets are typically for long-term investments and have a lower liquidity than other financial markets.

• Examples of capital markets include the New York Stock Exchange, NASDAQ, and the bond market.

• Investors in capital market...read more
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Q1. What is your work in your previous organisation?
Ans. 
I worked as a Sales Executive in my previous organization.
• Managed a portfolio of clients and developed new business opportunities

• Met and exceeded sales targets consistently

• Built strong relationships with clients and provided excellent customer service

• Collaborated with cross-functional teams to ensure smooth order processing and delivery

• Analyzed market trends and competitor activities to identify growth opportunities
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Q2. Why you want to switch your current organization?
Ans. 
I am seeking new challenges and opportunities for growth in my career.
• Looking for a more challenging role

• Seeking opportunities for professional development

• Want to work in a different industry or sector

• Desire for a better work-life balance

• Unsatisfied with current company culture or management

• Relocation or commute reasons
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Q1. What do you understand by Mutual funds?
Ans. 
Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities.
• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors can buy shares of mutual funds, which represent their ownership in the fund's portfolio.

• Mutual funds offer diversification, liquidity, and professional management to invest...read more
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Q2. General rules of accounting?
Ans. 
General rules of accounting include consistency, relevance, reliability, and comparability.
• Consistency: Accounting methods should be applied consistently from one period to another.

• Relevance: Financial information should be relevant to the decision-making needs of users.

• Reliability: Financial information should be reliable and free from bias or error.

• Comparability: Financial information should be comparable across diff...read more
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Q3. Understanding of investment banking?
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions, including raising capital, mergers and acquisitions, and advisory services.
• Facilitates capital raising for corporations through issuing stocks and bonds

• Assists in mergers and acquisitions by advising on deals and facilitating transactions

• Provides financial advisory services to clients on various strategic matt...read more
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Q4. General question about experience/family/yourself.
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