Wealthcare Securities Interview Questions and Answers

Q1. What is your name?
Ans. 
My name is John Smith.
• My name is John Smith.

• I go by John.

• My full name is John Smith.
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Q2. What do you do?
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Loans

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Q1. I need this job because this is a opportunity for me to achieve something.
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Q2. About your family and where are u from?
Ans. There are five members in my family mom, dad, elder brother, younger sister n myself from indore, madhya pradesh.
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This is the aptitude round in this round quant questions were asked

In this round 2 java coding questions were there

Q1. What is the framework
Ans. 
A framework is a set of rules, guidelines, and standards that provide a structure for developing software applications.
• A framework provides a common structure for developers to work within

• It includes pre-written code and libraries that can be used to speed up development

• Frameworks can be specific to a programming language or platform

• Examples include AngularJS, React, and Ruby on Rails
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Q2. What is the java explain
Ans. 
Java is a widely used programming language known for its platform independence and object-oriented approach.
• Java is an object-oriented language that follows the 'write once, run anywhere' principle.

• It is used for developing a wide range of applications, from desktop to web and mobile applications.

• Java programs are compiled into bytecode that can run on any Java Virtual Machine (JVM).

• It provides built-in libraries and f...read more
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Q1. What is your salary, tell your expectations
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Q2. What is your location
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Q1. Questions was based on SQL
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Q2. SQL queries and joins and
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Q1. Why are you interested in Finance?
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Q2. What do you understand about securitization?
Ans. 
Securitization is the process of pooling various types of debt and selling them as securities to investors.
• Securitization involves bundling together various types of debt, such as mortgages, auto loans, or credit card debt.

• These debts are then sold to investors in the form of securities, such as bonds or asset-backed securities.

• Investors receive payments based on the underlying debt, while the issuer of the securities ...read more
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Q1. Probability related questions
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Q2. Logic Puzzles, like Josephus problem.
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Q1. Securitisation and how it works.
Ans. 
Securitisation is the process of pooling various types of debt and selling them as securities to investors.
• Securitisation involves bundling together various types of debt, such as mortgages, auto loans, or credit card debt.

• These debts are then sold to a special purpose vehicle (SPV) which issues securities backed by the cash flows from the underlying assets.

• Investors purchase these securities and receive payments based...read more
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Q2. Financial Ratios and how they work and what is a good number to have.
Ans. 
Financial ratios are tools used to evaluate a company's financial performance and health.
• Financial ratios are calculated using data from a company's financial statements.

• They help investors and analysts assess a company's profitability, liquidity, efficiency, and solvency.

• A good number for a financial ratio can vary depending on the industry and company size.

• For example, a current ratio of 2 or higher is generally cons...read more
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Q3. Random number crunching based on some scenario that needs you to make assumptions and get an answer
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Q4. How an Excel function works. (Vlookup, Hlookup, Xlookup, IF/AND/OR)
Ans. 
Excel functions like Vlookup, Hlookup, Xlookup, IF/AND/OR are used for data lookup and logical operations.
• Vlookup: Searches for a value in the first column of a table and returns a value in the same row from a specified column.

• Hlookup: Similar to Vlookup but searches for a value in the first row of a table.

• Xlookup: A more versatile version of Vlookup and Hlookup that can search both vertically and horizontally.

• IF: Retu...read more
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Q1. Personal Questions.
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Q2. My expertise and proficiency of excel
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Q1. No questions. Was confirmed my job
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Duration-60min, topics covered- financial literacy, logical thinking, reasoning and General awareness

Q1. What is the difference between EBIT and EBITDA
Ans. 
EBIT is earnings before interest and taxes, while EBITDA is earnings before interest, taxes, depreciation, and amortization.
• EBIT excludes depreciation and amortization expenses, while EBITDA includes them.

• EBITDA provides a clearer picture of a company's operating performance by removing the impact of non-operating expenses.

• EBIT is commonly used to analyze profitability, while EBITDA is often used to assess a company's ...read more
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Q2. How decrease of 10% depreciation would affect financial statements
Ans. 
A 10% decrease in depreciation would result in higher net income and retained earnings on the financial statements.
• Net income would increase as depreciation expense is lower, leading to higher profits.

• Retained earnings would also increase as net income contributes to this account.

• The company's assets would appear higher on the balance sheet due to lower accumulated depreciation.

• Investors may view the company more favor...read more
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