30+ Montra Electric Interview Questions and Answers

Factors affecting bike insurance risk assessment

• Assess the age and condition of the bike

• Consider the location and crime rate of the area where the bike will be used

• Evaluate the driving history and experience of the bike owner

• Check for any modifications made to the bike

• Assess the frequency of use and distance traveled

• Consider the type of coverage and deductibles chosen by the bike owner

Burn one wire from both ends and the other wire from one end only.

• Light both ends of one wire and one end of the other wire at the same time.

• When the first wire is completely burnt, 30 minutes have passed.

• Then light the other end of the second wire.

• When the second wire is completely burnt, 15 more minutes have passed.

• Total time elapsed is 45 minutes.

CAT Modelling Domain offers a challenging and dynamic work environment that aligns with my career goals.

• I have a keen interest in risk management and modelling

• CAT Modelling Domain offers opportunities to work on complex and diverse projects

• Higher studies can be pursued alongside work

• CAT Modelling Domain offers a chance to apply theoretical knowledge in a practical setting

• CAT Modelling Domain offers a chance to work with cutting-edge technology and software

• CAT Modelling Domain...read more

CAT-Modelling is a process of estimating potential losses from natural disasters such as hurricanes, earthquakes, etc.

• CAT stands for 'Catastrophe'

• It helps in assessing the risk and potential losses from natural disasters

• It uses statistical models and historical data to estimate the impact of a catastrophe

• Insurance companies use CAT-Modelling to determine premiums and manage risk

• Examples of natural disasters include hurricanes, earthquakes, floods, etc.

CAT modelling refers to the process of estimating potential losses from catastrophic events such as natural disasters.

• CAT stands for 'catastrophe'

• It involves using statistical models to estimate the likelihood and potential impact of catastrophic events

• This information is used by insurance companies to determine their risk exposure and set premiums

• Examples of catastrophes include hurricanes, earthquakes, and terrorist attacks

Principles of Insurance are the basic guidelines that govern the functioning of the insurance industry.

• Utmost good faith - both parties should disclose all relevant information

• Indemnity - compensation should be given only for actual loss

• Contribution - multiple policies covering the same risk should share the loss

• Subrogation - insurer can take legal action against third party responsible for loss

• Proximate cause - loss should be caused by insured peril

• Insurable interest - polic...read more

Cat modeling modules include hazard module, vulnerability module, and financial module.

• Hazard module assesses the likelihood and severity of natural disasters such as hurricanes, earthquakes, and floods.

• Vulnerability module evaluates the susceptibility of properties and assets to damage from these disasters.

• Financial module calculates the potential losses and impacts on insurance portfolios based on the hazard and vulnerability assessments.

Catastrophes can be natural or man-made. Natural catastrophes include earthquakes, hurricanes, floods, and wildfires. Man-made catastrophes include terrorism, cyber attacks, and nuclear accidents.

• Natural catastrophes: earthquakes, hurricanes, floods, wildfires

• Man-made catastrophes: terrorism, cyber attacks, nuclear accidents

Cat modeling is a method used by risk analysts to assess the potential losses from natural disasters such as hurricanes, earthquakes, and floods.

• Cat modeling uses computer simulations to estimate the financial impact of catastrophic events on insurance portfolios.

• It takes into account factors such as location, building materials, and historical data to predict the likelihood and severity of future disasters.

• Insurance companies use cat modeling to determine appropriate premium...read more

Comparison of two tables with id attribute and null values.

• Both tables have the same id attribute.

• Table a has null values for the third and fourth rows.

• Table b has a null value for the third row and a different value for the fifth row.

Excel formula is a set of instructions used to perform calculations, manipulate data, and automate tasks in Excel.

• Excel formulas start with an equal sign (=)

• Formulas can include functions, operators, and cell references

• Examples of functions include SUM, AVERAGE, IF, and VLOOKUP

• Operators include +, -, *, /, and ^

• Cell references can be absolute ($A$1), relative (A1), or mixed ($A1 or A$1)

Factors that can be considered as risks in insurance are determined based on their likelihood of occurrence and potential impact on the insured party.

• Evaluate the probability of the risk occurring

• Assess the potential impact of the risk on the insured party

• Consider the financial implications of the risk for the insurance company

• Analyze historical data and trends to identify common risks in a particular industry or region

• Consult with experts or actuaries to quantify and assess ...read more

I am not from healthcare background.

• I do not have experience in healthcare operations or processes.

• However, I have expertise in process improvement and team leadership.

• I am confident in my ability to learn and adapt quickly to new industries and domains.

Inner join query is used to retrieve records that have matching values in both tables.

• Use SELECT statement to specify the columns you want to retrieve

• Use INNER JOIN keyword to combine the tables based on a related column

• Specify the ON clause to define the relationship between the tables

In Angular, input parameters are used to pass data into a component, while output parameters are used to emit events from a component.

• Input parameters are defined using the @Input decorator in Angular.

• Output parameters are defined using the @Output decorator in Angular.

• Input parameters allow parent components to pass data into child components.

• Output parameters allow child components to emit events to parent components.

• Example: @Input() data: string; @Output() eventEmitter = ...read more

Truncate is a DDL command that removes all records from a table, while delete is a DML command that removes specific records.

• Truncate is faster than delete as it does not log individual row deletions.

• Truncate resets identity columns, while delete does not.

• Truncate cannot be rolled back, while delete can be rolled back using a transaction.

• Truncate does not fire triggers, while delete does.

• Truncate does not require a where clause, while delete does.

Encapsulation is the concept of bundling data and methods that operate on the data into a single unit.

• Encapsulation helps in data hiding and abstraction, allowing for better control over access to data.

• In object-oriented programming, classes are used to implement encapsulation by combining data attributes and methods.

• An example of encapsulation is a class in Java that has private data members and public methods to access and modify those members.

P&C insurance stands for Property and Casualty insurance which covers damages to property and liability for any injuries caused to others.

• P&C insurance covers damages to property and liability for any injuries caused to others

• It includes home insurance, auto insurance, and liability insurance

• P&C insurance is different from life and health insurance

• Premiums are based on the risk of loss and the value of the property being insured

Claims refer to requests made by policyholders to insurance companies for compensation or coverage for losses or damages.

• Claims involve the process of investigating, evaluating, and settling insurance claims

• Claims can be related to various types of insurance such as auto, health, property, and liability insurance

• Claims analysts are responsible for reviewing claims, determining coverage, and processing payments

• Claims can be filed by policyholders, third-party claimants, or hea...read more

Blackbox testing is a software testing method where the internal structure/design of the item being tested is not known to the tester.

• Blackbox testing focuses on testing the functionality of the software without knowing its internal code.

• Testers create test cases based on the software requirements and expected outputs.

• Examples of blackbox testing techniques include equivalence partitioning, boundary value analysis, and decision table testing.

Stop loss treaty is a reinsurance agreement where the reinsurer agrees to cover losses above a certain threshold for the ceding company.

• Stop loss treaty is a type of reinsurance agreement.

• It sets a specific threshold for losses that the ceding company will cover on its own.

• The reinsurer agrees to cover losses above this threshold.

• It helps the ceding company limit its exposure to large losses.

• Example: If a ceding company has a stop loss treaty with a threshold of $1 million, t...read more

Credit control is the process of managing the credit extended to customers and ensuring timely payment.

• Credit control involves setting credit limits for customers based on their creditworthiness.

• It also includes monitoring customer payments and following up on overdue invoices.

• Credit control aims to minimize the risk of bad debts and improve cash flow for the company.

• Examples of credit control measures include sending payment reminders, imposing late fees, and restricting fur...read more

Insurance is a financial protection plan that provides coverage against potential losses or damages.

• Insurance involves a contract between the insurer and the insured party.

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

• Common types of insurance include health, life, auto, home, and travel insurance.

• Insurance helps individuals and businesses manage risks and protect themselves financially.

• Examples of insurance companies include State...read more

SWL queries for extracting information from table joins

• Use JOIN keyword to combine tables

• Specify the columns to be selected using SELECT

• Use WHERE clause to filter results

• Use GROUP BY to group results by a column

• Use ORDER BY to sort results

• Use aliases to simplify column names

• Example: SELECT t1.column1, t2.column2 FROM table1 t1 JOIN table2 t2 ON t1.id = t2.id WHERE t1.column3 = 'value'

• Example: SELECT COUNT(*) FROM table1 t1 JOIN table2 t2 ON t1.id = t2.id GROUP BY t1.column1 O...read more

Credit control is the process of managing and collecting payments from customers who owe money to a business.

• It involves setting credit limits for customers

• Monitoring customer payment behavior

• Chasing overdue payments

• Negotiating payment plans

• Reducing bad debt

• Ensuring cash flow

• Examples include sending reminders, making phone calls, and sending debt collection letters

There are 8 primitive data types in Java.

• Java has 8 primitive data types: byte, short, int, long, float, double, char, and boolean.

• Primitive data types are basic data types that are not objects.

• Non-primitive data types are objects, arrays, and classes.

• Each data type has a specific range of values it can hold.

• For example, byte can hold values from -128 to 127, while int can hold values from -2,147,483,648 to 2,147,483,647.

Billing testing functionalities involve verifying the accuracy and reliability of billing processes.

• Verify billing calculations are accurate

• Test different billing scenarios (e.g. discounts, promotions)

• Ensure invoices are generated correctly

• Validate payment processing functionality

Claim life cycle is the process of handling insurance claims from start to finish.

• The cycle starts with the submission of a claim by the policyholder.

• The claim is then reviewed by the insurance company to determine its validity.

• If the claim is approved, the insurance company will either pay the policyholder directly or reimburse them for expenses.

• If the claim is denied, the policyholder can appeal the decision or take legal action.

• The cycle ends when the claim is resolved and...read more

Short-term goals involve gaining experience and certifications, while long-term goals focus on advancing to senior positions and becoming a subject matter expert in insurance analysis.

• Short-term goal: Gain experience by working on various insurance projects

• Short-term goal: Obtain relevant certifications such as Chartered Insurance Analyst (CIA)

• Long-term goal: Advance to a senior insurance analyst position

• Long-term goal: Become a subject matter expert in insurance analysis

• Long...read more