Veritas Finance Senior Manager Legal Interview Questions, Process, and Tips

Record of right is a legal document that shows ownership rights of a property.

• Record of right is also known as 'Jamabandi' in some states in India.

• It contains details about the current owner, past owners, land area, type of land, and any encumbrances on the property.

• It is used to verify the ownership of a property during transactions or disputes.

• Record of right is maintained by the revenue department of the government.

• ...read more

Ruby on Rails (RoR) was published by David Heinemeier Hansson in 2004.

• Ruby on Rails (RoR) was published by David Heinemeier Hansson in 2004

• RoR is a popular web application framework written in Ruby

• RoR follows the Model-View-Controller (MVC) architectural pattern

Registered mortgages provide legal protection to lenders by securing their interest in the property.

• Registered mortgages create a legal charge on the property, giving lenders priority in case of default.

• They provide lenders with a means to recover their loan amount by selling the property.

• Registration of the mortgage ensures public notice and prevents subsequent buyers from claiming ignorance of the lender's interest.

• I...read more

Record of right refers to the official document that shows the legal ownership of a property.

• Record of right is a legal document that provides information about the ownership, possession, and rights associated with a property.

• It is typically maintained by the government or a local authority.

• The record of right includes details such as the name of the owner, survey number, area, boundaries, and any encumbrances or liens...read more

ROR stands for Return on Revenue.

• ROR is a financial metric used to measure the profitability of a company relative to its revenue.

• It indicates how efficiently a company is generating profits from its sales.

• ROR is calculated by dividing the net income by the total revenue and multiplying by 100.

• A higher ROR indicates better profitability.

• Example: If a company has a net income of $1 million and total revenue of $10 milli

The appropriate authority that published ROR is the regulatory body responsible for overseeing the relevant industry or sector.

• The appropriate authority varies depending on the specific industry or sector.

• For example, in the pharmaceutical industry, the appropriate authority that publishes the Summary of Product Characteristics (SmPC) and Package Leaflet (PL) is the European Medicines Agency (EMA).

• In the financial sect...read more

Legal heir refers to a person entitled to inherit the property of a deceased person, while a successor is someone who takes over a position or role.

• Legal heir is determined by inheritance laws and is entitled to the deceased person's assets and liabilities.

• Successor is someone who is chosen or appointed to take over a position or role.

• Legal heirship is based on blood relations or legal adoption, while a successor can b...read more

EM stands for Emergency Medicine while RM stands for Risk Management.

• EM refers to the medical specialty that focuses on the immediate care of patients with acute illnesses or injuries.

• RM refers to the process of identifying, assessing, and prioritizing risks to minimize potential harm or loss to an organization.

• EM involves providing immediate medical attention in emergency situations, such as trauma, heart attacks, or ...read more

Registered mortgage provides legal protection and priority to the lender in case of default by the borrower.

• Registered mortgage creates a legal charge on the property, giving the lender the right to sell the property to recover the loan amount.

• It provides a higher level of security to the lender compared to an unregistered mortgage.

• Registration of the mortgage ensures that it is publicly recorded and can be easily veri...read more