Vastu Housing Finance Financial Associate Interview Questions and Answers

There were 3 sections one is English , 2nd was logical reasoing, and last related to finance

Q1. Why balance sheeet tally
Ans. 
The balance sheet must tally to ensure that assets equal liabilities plus equity.
• Balance sheet must follow the accounting equation: Assets = Liabilities + Equity

• Tallying the balance sheet ensures that all financial transactions have been recorded accurately

• Errors in the balance sheet can lead to incorrect financial analysis and decision-making

• Common reasons for balance sheet not tallying include missing transactions, i
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Q2. Behavirouly questions
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Q1. Traffic rate of air
Ans. 
The traffic rate of air refers to the volume of air traffic in a specific area or route.
• The traffic rate of air can be measured by the number of flights passing through a particular airspace or airport in a given time period.

• Factors affecting air traffic rate include weather conditions, airport capacity, and airline schedules.

• For example, a busy international airport like Heathrow in London would have a high traffic ra...read more
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Q1. Tell me about yourself and previous company details
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Q1. Questions related to knowledge in US mortgage and communication skillls
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Q2. What is Forward mortgage
Ans. 
A forward mortgage is a type of mortgage where the borrower receives the entire loan amount upfront and makes regular payments towards the loan over time.
• Borrower receives the full loan amount at the beginning of the loan term

• Regular payments are made towards the loan, typically including both principal and interest

• Interest rates for forward mortgages can be fixed or adjustable

• Common type of mortgage for purchasing a h
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Q3. WhatI reverse mortgage
Ans. 
A reverse mortgage is a type of loan for homeowners age 62 and older that allows them to convert part of the equity in their homes into cash.
• Reverse mortgage borrowers do not have to repay the loan until they sell the home, move out, or pass away.

• The loan amount is based on the value of the home, the borrower's age, and current interest rates.

• Interest on a reverse mortgage is not tax-deductible until the loan is paid o...read more
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Q1. Quick introduction
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Q2. A memorable day in life
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Arithmetic questions

Q1. Accounting rules
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Q2. Acc recivable and payable
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