30+ Associate/Senior Associate -(Nontechnical) Interview Questions and Answers

Procure to pay process in MSDAX involves creating purchase orders, receiving goods, and processing invoices.

• The process starts with creating a purchase order in MSDAX.

• Once the goods are received, they are matched with the purchase order in MSDAX.

• After the goods are accepted, the invoice is processed in MSDAX.

• The invoice is matched with the purchase order and goods receipt in MSDAX.

• Payment is then made to the vendor in MSDAX.

Exemptions from capital gains on sale of house property with limit and lock-in period.

• Exemption available under Section 54 and Section 54F of Income Tax Act.

• Section 54 applies to sale of residential property and exemption limit is up to Rs. 2 crore.

• Section 54F applies to sale of any property and exemption limit is up to Rs. 50 lakh.

• Lock-in period for both sections is 3 years.

• Exemption can be claimed by investing in another residential property or specified bonds.

To convince an irate customer on call, empathy, active listening, problem-solving skills, and offering appropriate solutions are needed.

• Show empathy and understanding towards the customer's frustration.

• Listen actively to the customer's concerns and let them vent their frustrations.

• Apologize for any inconvenience caused and take responsibility for resolving the issue.

• Offer appropriate solutions or alternatives to address the customer's problem.

• Provide clear and concise explana...read more

Stay calm, listen attentively, and try to defuse the situation.

• Remain calm and composed

• Listen attentively to the person's concerns

• Empathize with the person's frustration

• Avoid responding with aggression or anger

• Try to defuse the situation by offering solutions or alternatives

• If necessary, escalate the call to a supervisor or manager

Yes, I have experience in selling package models and can convince merchants.

• I have a proven track record of successfully selling package models to merchants.

• I understand the benefits of package models and can effectively communicate them to potential customers.

• I am skilled in building relationships with merchants and understanding their needs to tailor my sales pitch.

• I am confident in my ability to close deals and exceed sales targets.

• For example, in my previous role, I was a...read more

Different kinds of projects include software development, construction, research, marketing, and event planning.

• Software development projects involve creating and maintaining software applications.

• Construction projects involve building structures such as buildings, bridges, and roads.

• Research projects involve conducting studies and experiments to gather data and information.

• Marketing projects involve promoting products or services to increase sales and brand awareness.

• Event p...read more

To split fixed asset, determine the useful life and salvage value, then allocate the cost over time.

• Determine the useful life of the asset

• Determine the salvage value of the asset

• Allocate the cost of the asset over its useful life

• Use straight-line depreciation method or other appropriate methods

• Example: A company buys a machine for $10,000 with a useful life of 5 years and a salvage value of $2,000. The annual depreciation expense would be $1,600 ($10,000 - $2,000 / 5 years).

Accounting journal entries and different financial products explained.

• Accounting journal entries are records of financial transactions in chronological order.

• They include debits and credits to various accounts.

• Different financial products include stocks, bonds, mutual funds, and derivatives.

• Stocks represent ownership in a company, while bonds represent debt.

• Mutual funds are a collection of stocks and bonds managed by a professional.

• Derivatives are financial contracts based on...read more

Conduent is a business process services company that provides digital platforms and services for businesses and governments.

• Conduent was formed in 2017 as a divestiture from Xerox Corporation.

• It has over 65,000 employees in more than 40 countries.

• Conduent provides services in areas such as transportation, healthcare, and customer care.

• Some of its clients include government agencies, healthcare providers, and financial institutions.

The 3 accounting golden rules are the basic principles of accounting that guide the recording of financial transactions.

• The first golden rule is the 'Debit the receiver, credit the giver' rule, which means that when an asset is received, it is debited, and when an asset is given, it is credited.

• The second golden rule is the 'Debit what comes in, credit what goes out' rule, which means that when there is an increase in expenses or losses, it is debited, and when there is a dec...read more

Investment banks have a unique culture that sets them apart from other firms.

• Investment banks are known for their fast-paced and high-pressure work environment.

• There is a strong emphasis on teamwork and collaboration.

• Long working hours are common, especially during busy periods such as deal closings.

• The dress code is typically more formal than other firms.

• There is a focus on networking and building relationships with clients and other professionals in the industry.

• Compensatio...read more

HGS offers a great work environment, career growth opportunities, and employee benefits.

• HGS provides a positive work culture that fosters personal and professional growth.

• The company offers competitive salaries and benefits packages.

• HGS has a strong commitment to employee development and training.

• The company values diversity and inclusion in the workplace.

• HGS has a reputation for providing excellent customer service to clients.

• The company has a global presence, providing oppo...read more

BPO stands for Business Process Outsourcing. It involves contracting non-core business activities to a third-party service provider.

• BPO is a strategic decision made by companies to focus on their core competencies.

• It involves outsourcing various business processes such as customer support, data entry, payroll processing, etc.

• BPO services can be categorized into two types: back-office outsourcing and front-office outsourcing.

• Back-office outsourcing includes tasks like accounti...read more

Harniyoplast is a surgical procedure to repair a hernia by reinforcing the weakened abdominal wall.

• Harniyoplast is a surgical technique used to treat hernias.

• It involves repairing the weakened abdominal wall by reinforcing it.

• The procedure typically uses a mesh to provide support and prevent the hernia from recurring.

• Harniyoplast can be performed using open surgery or minimally invasive techniques.

• Examples of hernias that can be treated with harniyoplast include inguinal hern...read more

Operational systems are computer systems that manage and control the operations of an organization.

• Operational systems are used to manage day-to-day activities of an organization.

• They help in automating routine tasks and improving efficiency.

• Examples include inventory management systems, payroll systems, and customer relationship management systems.

Reconciliation is the process of comparing two sets of records to ensure they are in agreement.

• It involves identifying and resolving discrepancies between the two sets of records.

• Examples include bank statement reconciliation, inventory reconciliation, and account reconciliation.

• Reconciliation is important for ensuring accuracy and integrity of financial and other records.

• It can also help identify errors or fraud.

• Reconciliation may involve manual or automated processes.

Motor insurance is a policy that provides financial protection against damage or theft of a vehicle.

• It covers the cost of repairs or replacement of the insured vehicle in case of an accident or theft.

• It also provides liability coverage for any damage or injury caused to third parties.

• Premiums are based on factors such as the type of vehicle, age of the driver, and driving history.

• Optional add-ons such as personal accident cover, roadside assistance, and engine protection can ...read more

ML is a subset of AI that involves training algorithms to make predictions or decisions based on data.

• ML is used in various applications such as image recognition, speech recognition, natural language processing, and recommendation systems.

• Examples of ML applications include Netflix's recommendation system, Siri's speech recognition, and Google's image recognition.

• ML can also be used in fraud detection, predictive maintenance, and personalized marketing.

• ML algorithms can be s...read more

Effective time management involves setting priorities, creating a schedule, and avoiding distractions.

• Identify and prioritize tasks based on importance and urgency

• Create a schedule or to-do list and stick to it

• Avoid distractions such as social media or unnecessary meetings

• Delegate tasks when possible

• Take breaks to avoid burnout

• Use tools such as timers or productivity apps to stay on track

The revenue of the top player in the sanitizer market is not available.

• The revenue of the top player in the sanitizer market is not publicly disclosed.

• However, some estimates suggest that the top player in the market is Reckitt Benckiser, with a global market share of around 20%.

• Other major players in the market include Procter & Gamble, Unilever, and 3M.

• The COVID-19 pandemic has led to a surge in demand for sanitizers, resulting in increased revenue for many companies in the...read more

Safety management is the process of identifying, assessing, and controlling risks to prevent accidents and injuries.

• It involves creating policies and procedures to ensure a safe working environment

• It includes training employees on safety protocols and providing necessary safety equipment

• Regular safety audits and inspections are conducted to identify potential hazards

• Accident investigation and reporting is an important part of safety management

• Examples of safety management sys...read more

Capital market is a financial market where long-term securities like stocks, bonds, and other financial instruments are traded.

• It is a market for raising long-term funds

• It includes stock exchanges, bond markets, and other financial instruments

• It helps companies and governments to raise capital for their projects

• Investors can buy and sell securities in the capital market

• Examples include NYSE, NASDAQ, and London Stock Exchange

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events

• Individuals pay premiums to an insurance company in exchange for coverage

• Types of insurance include health, auto, home, and life insurance

• Insurance policies have terms and conditions that outline what is covered and what is not

• Insurance helps individuals and businesses manage risk

NAV is calculated by subtracting liabilities from assets and dividing by the number of outstanding shares.

• Calculate the total value of assets held by the fund

• Subtract the total value of liabilities from the total value of assets

• Divide the result by the number of outstanding shares

• NAV = (Total Assets - Total Liabilities) / Number of Outstanding Shares

• Example: If a fund has $10 million in assets and $2 million in liabilities, with 1 million outstanding shares, the NAV would be ...read more

To get selected, I need to showcase my skills, experience, and enthusiasm for the job.

• Demonstrate relevant skills and experience

• Show enthusiasm for the job and the company

• Be prepared for the interview and answer questions confidently

• Provide examples of past successes and achievements

• Follow up with a thank-you note or email

Effective time management involves setting priorities, creating a schedule, and avoiding distractions.

• Create a to-do list and prioritize tasks

• Set specific goals and deadlines

• Use a calendar or planner to schedule tasks

• Avoid multitasking and focus on one task at a time

• Eliminate distractions such as social media and email

• Take breaks to avoid burnout and maintain productivity

Various types of purification methods are used depending on the substance to be purified.

• Filtration - separating solids from liquids or gases

• Distillation - separating liquids based on boiling points

• Crystallization - separating solids from liquids

• Chromatography - separating components based on their affinity to a stationary phase

• Electrophoresis - separating molecules based on their charge and size

The question is unclear and seems to be incomplete.

• Please provide more context or information for a proper answer.

• It is difficult to understand what is being asked.

• Without additional details, it is impossible to provide a relevant response.

KYC stands for Know Your Customer. It is a process of verifying the identity of a customer before providing them with a service.

• KYC is a regulatory requirement in many industries such as banking, insurance, and telecommunications.

• It involves collecting and verifying personal information such as name, address, and identification documents.

• The purpose of KYC is to prevent fraud, money laundering, and terrorist financing.

• Examples of KYC procedures include face-to-face verificati...read more

Yes, I am comfortable with the US shift.

• I have prior experience working in the US shift.

• I am willing to adjust my sleep schedule to accommodate the shift timings.

• I understand the importance of meeting deadlines and working efficiently during the shift.

• I am aware of the potential challenges of working in a different time zone and am prepared to handle them.

• I have good communication skills and can effectively collaborate with team members in the US.

The market size of sanitizer has increased significantly due to the COVID-19 pandemic.

• The global hand sanitizer market size was valued at USD 2.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 22.6% from 2020 to 2027.

• The COVID-19 pandemic has led to a surge in demand for hand sanitizers, resulting in shortages and price hikes.

• The market size of sanitizer includes various types such as gel, foam, spray, and wipes.

• The market size is influence...read more