200+ Associate Interview Questions and Answers for Freshers

Accounts payable is the amount of money a company owes to its vendors or suppliers for goods or services received.

• It is a liability on the company's balance sheet.

• It includes invoices that have been received but not yet paid.

• It is important to manage accounts payable to maintain good relationships with vendors and avoid late fees.

• Example: A company receives a shipment of office supplies from a vendor and is invoiced for $500. The company has not yet paid the invoice, so it is...read more

Corporate Action refers to any event initiated by a publicly-traded company that affects its shareholders.

• Corporate actions can be voluntary or mandatory.

• Examples of corporate actions include stock splits, dividends, mergers and acquisitions, and spin-offs.

• Corporate actions can have a significant impact on the value of a company's stock and the wealth of its shareholders.

• Investors need to stay informed about corporate actions to make informed investment decisions.

Various strategies used in options trading

• Long Call

• Short Call

• Long Put

• Short Put

• Covered Call

• Protective Put

• Straddle

• Strangle

• Butterfly Spread

• Iron Condor

Different types of loans include personal loans, home loans, auto loans, student loans, and business loans.

• Personal loans are unsecured loans that individuals can use for various purposes.

• Home loans are used to purchase a home or real estate property.

• Auto loans are specifically for purchasing a vehicle.

• Student loans are used to finance education expenses.

• Business loans are for funding business operations or expansion.

A single ton class refers to a ship or vessel that can carry a maximum of one ton of cargo.

• It is a classification used in the shipping industry to determine the carrying capacity of a vessel.

• A single ton class vessel can carry a maximum of one ton of cargo.

• This classification is important for determining the appropriate vessel for transporting goods.

• Examples of single ton class vessels include small boats and barges used for local transportation.

Implementation of a particular account rule

• Identify the specific account rule to be implemented

• Ensure the rule aligns with company policies and regulations

• Communicate the rule clearly to all relevant parties

• Monitor and enforce compliance with the rule

• Regularly review and update the rule as necessary

The 3 types of steps in KYC are Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).

• Customer Identification Program (CIP) involves verifying the identity of the customer through documents like ID cards, passports, etc.

• Customer Due Diligence (CDD) involves assessing the risk associated with a customer by gathering information about their identity, address, and financial transactions.

• Enhanced Due Diligence (EDD) is conducted for...read more

Outbound refers to outgoing communication, while inbound refers to incoming communication.

• Outbound communication involves reaching out to customers or clients, such as making sales calls or sending marketing emails.

• Inbound communication involves receiving messages or inquiries from customers or clients, such as answering phone calls or responding to emails.

• Examples of outbound communication include cold calling, direct mail campaigns, and social media advertising.

• Examples of ...read more

Capital Markets are financial markets where long-term securities such as stocks, bonds, and other investments are bought and sold.

• Capital Markets are where companies and governments raise funds by issuing securities to investors

• These markets are divided into primary and secondary markets

• Primary markets are where new securities are issued and sold to the public for the first time

• Secondary markets are where existing securities are bought and sold between investors

• Examples of ca...read more

JVM stands for Java Virtual Machine. It is an abstract machine that enables a computer to run Java programs.

• JVM is responsible for interpreting the compiled Java code and executing it on the computer.

• It provides a platform-independent environment for Java programs to run on different operating systems.

• JVM has various components like class loader, bytecode verifier, and execution engine.

• Examples of JVM-based languages include Kotlin, Scala, and Groovy.

Capital withdrawals journal entry reflects the owner's personal withdrawals from the business.

• Capital withdrawals decrease the owner's equity in the business.

• The journal entry for capital withdrawals involves debiting the owner's equity account and crediting the cash account.

• Example: If the owner withdraws $1,000 from the business, the journal entry would be: Debit Owner's Withdrawals $1,000, Credit Cash $1,000.

Mapping is the process of creating a visual representation of data, relationships, or locations.

• Mapping involves using tools like GIS software to create maps

• It can be used to display geographic data, such as population density or land use

• Mapping can also be used in data visualization to show relationships between different variables

GIS road block refers to obstacles or challenges faced in the implementation or use of Geographic Information Systems for mapping and analysis.

• Lack of accurate or up-to-date data

• Limited funding for GIS projects

• Resistance to change from stakeholders

• Technical issues with GIS software or hardware

• Difficulty in integrating GIS with other systems

• Legal or privacy concerns related to data sharing

• Lack of trained personnel in GIS

• Inadequate infrastructure for data collection and managem...read more

Content moderation involves monitoring and managing user-generated content to ensure it meets community guidelines and standards.

• Monitoring user-generated content for inappropriate language, hate speech, or graphic images

• Removing or flagging content that violates community guidelines

• Responding to user reports and inquiries regarding content moderation policies

• Implementing automated tools to assist in content moderation

• Training moderators on best practices and guidelines for c...read more

A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in stocks, bonds, or other assets.

• Mutual funds are managed by professional fund managers

• Types of mutual funds include equity funds, debt funds, balanced funds, index funds, and sectoral funds

• Equity funds invest primarily in stocks, while debt funds invest in fixed-income securities

• Balanced funds invest in a mix of stocks and bonds, while index funds track a specific market index

• Se...read more

Name screening is conducted by comparing names against watchlists or databases to identify any potential matches.

• Names are compared against watchlists, sanctions lists, politically exposed persons lists, and other databases.

• Advanced screening tools use algorithms to analyze variations in names, such as misspellings or aliases.

• Screening can be done manually or through automated software.

• Matches are further investigated to determine if they pose a risk or require further action...read more

Business process refers to a series of steps or activities that are undertaken to achieve a specific goal or outcome within an organization.

• Business processes can involve multiple departments or functions working together towards a common objective.

• They often include tasks such as planning, execution, monitoring, and optimization.

• Examples of business processes include procurement, sales, customer service, and product development.

I can write a large number of words efficiently and accurately.

• I have excellent typing skills and can type quickly.

• I have experience writing reports, essays, and articles which require a high word count.

• I am proficient in using word processing software like Microsoft Word to efficiently write and edit documents.

Impressions refer to the number of times an ad or content is displayed on a website or social media platform.

• Impressions are a metric used in advertising to measure the reach of an ad campaign.

• They do not necessarily indicate engagement or clicks on the ad.

• For example, if an ad is displayed 100 times on a website, it has 100 impressions.

• Impressions can also refer to the number of times a social media post is displayed on a user's feed.

• Advertisers use impressions to evaluate t...read more

An invoice is a document that lists the products or services provided by a seller and the amount owed by the buyer.

• An invoice is a request for payment for goods or services provided.

• It includes details such as the date, description of the goods or services, quantity, price, and total amount due.

• Invoices are used in business transactions to keep track of sales and payments.

• Examples of invoices include bills from utility companies, invoices from suppliers, and receipts from onl...read more

Java is platform independent due to its bytecode and JVM.

• Java code is compiled into bytecode which is platform-independent.

• JVM (Java Virtual Machine) interprets the bytecode and executes it on any platform.

• JVM acts as an abstraction layer between the Java code and the underlying hardware.

• This allows Java programs to run on any platform that has a JVM installed.

• For example, a Java program written on a Windows machine can run on a Linux machine without any modifications.

Audits are conducted to ensure accuracy, compliance, and reliability of financial statements and internal controls.

• To ensure accuracy and reliability of financial statements

• To ensure compliance with laws and regulations

• To evaluate the effectiveness of internal controls

• To detect and prevent fraud or errors

• To provide assurance to stakeholders and investors

Financial services refer to the services provided by the finance industry.

• Financial services include banking, investment, insurance, and other related services.

• These services help individuals and businesses manage their money, invest in assets, and protect against financial risks.

• Examples of financial services include checking and savings accounts, credit cards, loans, stocks and bonds, and insurance policies.

• Financial services are essential for the functioning of the economy...read more

A capital market is a financial market where companies and governments can raise long-term funds.

• Capital markets facilitate the buying and selling of long-term financial instruments such as stocks, bonds, and derivatives.

• They provide a platform for companies and governments to raise funds for investment and growth.

• Investors can earn returns on their investments through dividends, interest payments, or capital gains.

• Examples of capital markets include the New York Stock Exchan...read more

A futures contract is a legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price and date in the future.

• Futures contracts are traded on exchanges and are standardized in terms of quantity, quality, and delivery date.

• They are used by traders and investors to hedge against price fluctuations or to speculate on future price movements.

• Examples of futures contracts include those for commodities like oil, gold, and wheat, as well as fin...read more

Byte code is a compiled code that can be executed on any platform with the help of a virtual machine.

• Byte code is an intermediate code that is generated by a compiler.

• It is platform-independent and can be executed on any platform with the help of a virtual machine.

• Examples of virtual machines include Java Virtual Machine (JVM) and .NET Common Language Runtime (CLR).

Excel formulas are used to perform calculations and manipulate data in spreadsheets.

• SUM: Adds up a range of cells

• AVERAGE: Calculates the average of a range of cells

• VLOOKUP: Searches for a value in the first column of a table and returns a value in the same row from another column

• IF: Performs a logical test and returns one value if the test is true and another if it's false

Recent technologies include artificial intelligence, blockchain, Internet of Things, and virtual reality.

• Artificial intelligence (AI) is being used in various industries for automation and decision-making processes.

• Blockchain technology is revolutionizing secure transactions and data storage.

• Internet of Things (IoT) connects devices to the internet for remote monitoring and control.

• Virtual reality (VR) is creating immersive experiences in gaming, training, and entertainment.

Stages of Audit include planning, fieldwork, reporting, and follow-up.

• Planning: Establishing audit objectives, scope, and procedures.

• Fieldwork: Collecting and analyzing evidence to support audit findings.

• Reporting: Communicating audit results and recommendations to stakeholders.

• Follow-up: Ensuring implementation of audit recommendations and monitoring progress.

• Example: Planning may involve reviewing previous audits and identifying key risks.

• Example: Fieldwork may include test...read more

Paytm is a popular Indian digital payment platform.

• Paytm was founded in 2010 by Vijay Shekhar Sharma.

• It offers services such as mobile recharging, bill payments, online shopping, and ticket booking.

• Paytm has a digital wallet feature that allows users to store money and make quick payments.

• The platform has grown to become one of the leading payment solutions in India.

A mutual fund is a type of investment vehicle made up of a pool of money collected from many investors to invest in securities.

• Mutual funds are managed by professional fund managers.

• Investors buy shares in the mutual fund, which represents a portion of the holdings of the fund.

• The value of the shares is determined by the performance of the underlying securities in the fund.

• Mutual funds offer diversification and convenience for investors.

• Examples of mutual fund companies inclu...read more

A C code that prints out the elements of an array of strings.

• Declare an array of strings

• Use a loop to iterate through the array

• Print out each element

I am a skilled programmer with expertise in coding languages and object-oriented programming principles.

• Proficient in coding languages such as Java, Python, and C++

• Strong understanding of object-oriented programming concepts like inheritance, polymorphism, and encapsulation

• Experience in developing applications using OOP principles, such as designing classes and objects

Essay writing in system without mistake requires attention to detail and proofreading.

• Start by brainstorming ideas and creating an outline before writing the essay.

• Proofread the essay for spelling, grammar, and punctuation errors.

• Use tools like spell check and grammar check to catch any mistakes.

• Ask someone else to read the essay and provide feedback.

• Make sure to follow any formatting guidelines provided.

• Revise and edit the essay as needed before submitting.

• Practice writing e...read more

Education and assessment are crucial for measuring knowledge and skills.

• Education provides the foundation for learning and acquiring knowledge and skills.

• Assessment measures the level of understanding and mastery of the subject matter.

• Effective education and assessment methods can lead to better learning outcomes and improved performance.

• Examples of assessment methods include exams, quizzes, projects, and presentations.

The 5 major gaps found during IA were lack of documentation, inadequate risk assessment, insufficient testing, ineffective communication, and inadequate follow-up.

• Lack of documentation: Missing or incomplete records of audit findings and recommendations.

• Inadequate risk assessment: Failure to properly identify and assess potential risks to the organization.

• Insufficient testing: Limited scope or depth of testing procedures during the internal audit process.

• Ineffective communica...read more

Wipro is a global information technology, consulting, and outsourcing company.

• Wipro is headquartered in Bangalore, India.

• It was founded in 1945 by Mohamed Premji.

• Wipro offers a wide range of services including IT consulting, business process outsourcing, and software development.

• It has a presence in over 60 countries and serves clients across various industries.

• Wipro is known for its innovation and has received numerous awards and recognitions.

• The company has a strong focus o...read more

Sterilization is a process of killing or removing all forms of microorganisms, including bacteria, viruses, and fungi, from an object or environment.

• Sterilization is commonly used in medical settings to prevent the spread of infections.

• Methods of sterilization include heat, chemicals, radiation, and filtration.

• Autoclaving, which uses steam under high pressure, is a widely used method of sterilization.

• Examples of sterilized items include surgical instruments, medical equipment...read more

A function in Java is a block of code that performs a specific task. It can be called multiple times within a program.

• Functions in Java are defined using the 'public static' keywords.

• They can have parameters and return a value.

• Example: public static int add(int a, int b) { return a + b; }

Java compiler is a tool that translates Java source code into bytecode.

• Java compiler converts Java source code (.java files) into bytecode (.class files)

• It checks for syntax errors and generates executable code

• Examples of Java compilers include javac (command-line compiler) and Eclipse compiler

Bangalore is a bustling city in southern India known for its IT industry and pleasant climate.

• Known as the Silicon Valley of India

• Home to numerous IT companies such as Infosys, Wipro, and TCS

• Famous for its gardens and parks, including Lalbagh and Cubbon Park

• Has a rich cultural heritage, with landmarks such as the Bangalore Palace and Tipu Sultan's Summer Palace

• Renowned for its food, with local specialties such as masala dosa and filter coffee

My typing speed is 80 words per minute.

• Typing speed: 80 words per minute

• Accuracy: 98%

• Proficient in touch typing

Google products are a range of services and hardware developed by Google to enhance user experience and productivity.

• Includes search engine, Gmail, Google Maps, Google Drive, YouTube, Chrome browser, Android OS, Google Photos, Google Docs, Google Calendar, etc.

• Offers a variety of tools for communication, productivity, entertainment, and more.

• Many products are free to use with optional premium features or subscriptions.

The importance of time management in professional and personal life.

• Time management is crucial for achieving goals and reducing stress.

• Prioritizing tasks and setting realistic deadlines can help manage time effectively.

• Procrastination is a common time management issue that can be overcome with discipline and focus.

• Effective time management can lead to increased productivity and better work-life balance.

• Examples of time management tools include calendars, to-do lists, and time...read more

To write power base 10 in logical coding, you can simply use the exponentiation operator or function.

• Use the exponentiation operator '**' in Python to calculate power base 10.

• In JavaScript, you can use the Math.pow() function to calculate power base 10.

• In Java, you can use the Math.pow() function as well to calculate power base 10.

Use SQL query to find the top 2 highest salaries in a table.

• Use the ORDER BY clause to sort the salaries in descending order.

• Use the LIMIT clause to limit the results to 2.

• Example: SELECT salary FROM employees ORDER BY salary DESC LIMIT 2;

Merger and acquisition is the process of combining two companies into one entity through various financial transactions.

• Merger involves two companies coming together to form a new company.

• Acquisition involves one company buying another company.

• Mergers and acquisitions are often done to achieve economies of scale, expand market share, or gain competitive advantage.

• Examples include Disney's acquisition of 21st Century Fox and the merger of Exxon and Mobil to form ExxonMobil.