10+ Suroj Buildcon Interview Questions and Answers

EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

• EMI is used to pay off both the principal and interest amount of a loan.

• The formula for EMI calculation is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

• Where P is the principal amount, R is the rate of interest per month, and N is the number of monthly installments.

• For example, if you take a loan of Rs. 1,00,000 at an interest rate of 10% per ...read more

To pitch a loan to a customer, highlight the benefits and explain the terms clearly.

• Understand the customer's financial needs and goals

• Explain the benefits of the loan, such as low interest rates or flexible repayment options

• Be transparent about the terms and conditions, including any fees or penalties

• Address any concerns or objections the customer may have

• Provide personalized recommendations based on the customer's financial situation

• Follow up with the customer to ensure sat...read more

Documents required to open a Pvt LTD account

• Certificate of Incorporation

• Memorandum and Articles of Association

• PAN card of the company

• Identity and address proof of directors

• Board resolution authorizing opening of bank account

A bank is a financial institution that accepts deposits from customers and uses those funds to make loans and investments to earn profit.

• Banks earn profit through interest charged on loans and credit cards

• They also earn through fees charged for various services like ATM usage, overdrafts, etc.

• Banks invest in stocks, bonds, and other financial instruments to earn profit

• They also earn through foreign exchange transactions and trading in currencies

• Banks may also charge fees for ...read more

The golden rule of accounting is to maintain a balance between debit and credit.

• Every transaction should have equal debit and credit amounts.

• Debit represents assets and expenses while credit represents liabilities and income.

• The rule ensures accuracy and integrity of financial statements.

• Example: If a company purchases inventory for $1000, the entry would be debit inventory account for $1000 and credit cash account for $1000.

• Example: If a company sells goods for $500, the ent...read more

Working on large data involves analyzing, processing, and interpreting vast amounts of information to derive insights and make informed decisions.

• Utilize data analytics tools and techniques to extract valuable insights from large datasets

• Implement data cleaning and preprocessing techniques to ensure data quality and accuracy

• Use statistical methods and machine learning algorithms to analyze and interpret data

• Visualize data using charts, graphs, and dashboards to communicate fi...read more

Core functions of banks include accepting deposits, providing loans, facilitating payments, and offering financial services.

• Accepting deposits from customers

• Providing loans to individuals and businesses

• Facilitating payments through various channels

• Offering financial services such as investment management and insurance

• Acting as intermediaries between savers and borrowers

Performance was evaluated based on achieving targets and KPIs in my previous organization.

• Regularly reviewed performance against set targets and KPIs

• Implemented strategies to improve performance and meet goals

• Received recognition for exceeding targets in sales department

Tableau work involves creating interactive data visualizations and dashboards to help organizations analyze and understand their data.

• Tableau is a data visualization tool used for creating interactive and shareable dashboards.

• It allows users to connect to various data sources and create visualizations like charts, graphs, and maps.

• Tableau helps organizations to analyze data and make data-driven decisions.

• Users can customize the visualizations and dashboards to suit their spec...read more

KYC AML stands for Know Your Customer and Anti-Money Laundering. It is a set of regulations and procedures designed to prevent financial crimes.

• KYC involves verifying the identity of customers to ensure they are who they claim to be.

• AML involves monitoring financial transactions to detect and prevent money laundering activities.

• KYC AML regulations are mandatory for financial institutions to comply with.

• Examples of KYC AML measures include customer due diligence, transaction m...read more