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Veritas Finance Senior Manager Legal Interview Questions and Answers

Updated 5 Feb 2024

Q1. Who is appropriate authority published ROR

Ans.

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 sector, the appropriate authority that publishes the Rules of ...read more

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Q2. Difference between legal heir and successor

Ans.

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 be anyone chosen by the organization or individual.

  • Legal he...read more

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Q3. Why Registered Mortgage

Ans.

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 verified by potential buyers or other lenders.

  • In case of multi...read more

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Q4. Difference between EM and RM

Ans.

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 severe infections.

  • RM involves analyzing potential risks, i...read more

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Q5. Who published ror

Ans.

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

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Q6. Record of right

Ans.

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 on the property.

  • It is important for property transactions...read more

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Q7. Meaning of of ROR

Ans.

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 million, the ROR would be 10%.

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