Wonder Home Finance Senior Executive Interview Questions and Answers

Q1. Walk me through your resume.
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Q2. What are the recent updates/circulars with regards to reportings by the exchanges.
Ans. 
Exchanges have recently issued circulars on new reporting requirements.
• SEBI has mandated exchanges to provide daily reports on client funding and margin obligations.

• Exchanges have introduced new reporting formats for trade data and risk management.

• Recent circulars require exchanges to report on compliance with margin requirements and client position limits.
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Q3. What is the process of settlement of funds of a client.
Ans. 
The process of settlement of funds involves transferring funds from the client's account to the designated recipient.
• Client initiates a request for fund settlement

• Verification of the request and available funds

• Transfer of funds to the designated recipient

• Confirmation of successful settlement

• Record keeping of the transaction
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Q4. What is the process that occurs at stockbrokers' end when an order is placed in the stock market.
Ans. 
Stockbrokers process orders by routing them through various systems and exchanges to execute trades on behalf of clients.
• When an order is placed, it is first entered into the broker's order management system.

• The order is then routed to the appropriate exchange or trading venue based on factors like price, liquidity, and speed of execution.

• The exchange matches the buy and sell orders, and the trade is executed.

• Confirmat...read more
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Q1. What was the biggest achievement in your previous job?
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Q2. Have you ever managed any client independently?
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Q1. How may year's experience in home loans
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Q2. Why did you leave that DCB Bank
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Q1. Materiality Definition
Ans. 
Materiality definition refers to the significance or importance of information in relation to a company's financial statements.
• Materiality is a concept used in accounting to determine the relevance of information to users of financial statements.

• It involves assessing whether a particular item or error is significant enough to impact decision-making.

• Materiality is subjective and can vary depending on the size and nature...read more
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Q1. AP Prepost Definition
Ans. 
AP Prepost Definition is a term used in accounting to refer to adjusting entries made at the beginning and end of an accounting period.
• AP Prepost Definition refers to adjusting entries made at the start and end of an accounting period

• These entries ensure that expenses and revenues are recorded in the correct period

• Examples include accruals, deferrals, and estimates adjustments
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Q1. Why you left your's previous organisation?
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Q2. What is a stock broker?
Ans. 
A stock broker is a professional who buys and sells stocks on behalf of clients in exchange for a fee or commission.
• Stock brokers facilitate the buying and selling of stocks on various stock exchanges.

• They provide investment advice and recommendations to clients based on their financial goals and risk tolerance.

• Stock brokers must be licensed and adhere to strict regulations set by financial authorities.

• Examples of stoc...read more
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Q3. What is futures and options?
Ans. 
Futures and options are financial derivatives that derive their value from an underlying asset.
• Futures are contracts to buy or sell an asset at a specified price on a future date.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.

• Both futures and options are used for hedging, speculation, and arbitrage in financial markets.
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Q4. Tell me about OTM,ATM,ITM options?
Ans. 
OTM, ATM, and ITM options refer to Out of The Money, At The Money, and In The Money options respectively.
• OTM options have strike prices that are unfavorable compared to the current market price.

• ATM options have strike prices that are closest to the current market price.

• ITM options have strike prices that are favorable compared to the current market price.
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Q5. Nifty latest lot size?
Ans. 
The latest lot size for Nifty is 75.
• The latest lot size for Nifty is 75.

• Lot size refers to the minimum quantity or number of shares that can be traded in a single transaction.

• Knowing the lot size is important for calculating the total cost of a trade.
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Q6. What is Bank nifty index?
Ans. 
Bank Nifty index is a benchmark index that tracks the performance of the banking sector in India.
• Bank Nifty index is composed of the most liquid and large capitalized banking stocks listed on the National Stock Exchange (NSE) of India.

• It provides investors and traders with a benchmark to measure the performance of the banking sector as a whole.

• Bank Nifty index futures and options are actively traded on the NSE for hedg
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Q1. Are you comfortable for this job
Ans. 
Yes, I am comfortable for this job as I have extensive experience in sales and a proven track record of exceeding targets.
• I have X years of experience in sales, including roles where I consistently exceeded targets

• I am confident in my ability to build and maintain relationships with clients

• I am comfortable with cold calling and networking to generate leads

• I am familiar with CRM systems and other sales tools to track pr
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Q2. This is a sales job so you can do a field job
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Q1. What do you know about technical support
Ans. 
Technical support involves providing assistance and guidance to customers facing technical issues with products or services.
• Technical support involves troubleshooting technical issues for customers

• It may include providing guidance on how to use a product or service

• Technical support representatives often use tools like remote desktop software to assist customers

• Good technical support requires strong communication skills...read more
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Q2. Introduction of youself
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I am a dedicated and experienced Customer Care Executive with a passion for providing excellent service and resolving customer issues.
• I have over 5 years of experience in customer service roles

• I am skilled in handling customer inquiries, complaints, and feedback

• I have a strong ability to empathize with customers and find solutions to their problems

• I am proficient in using CRM systems and other customer service tools

• I h...read more
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Q1. Tell me about yourself Next 5-year plan
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Behavioral assessment with multiple-choice questions

Q1. Previous job responsibilities
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Q2. Tell me about yourself, Family background, education, etc.
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