1000+ Associate Interview Questions and Answers

Wtd avg cost of capital is the average cost of all the capital sources a company uses, weighted by their proportion in the company's capital structure.

• WACC is used to determine the minimum rate of return a company must earn on its investments to satisfy its investors.

• It takes into account the cost of debt, cost of equity, and the proportion of each in the company's capital structure.

• For example, if a company has 60% of its capital structure in debt with a cost of 5% and 40% i...read more

To coordinate with branch staff and penetrate the insurance product, I will establish clear communication channels, provide training and support, and incentivize staff.

• Establish clear communication channels to ensure effective coordination with branch staff.

• Provide training and support to branch staff to enhance their understanding of insurance products.

• Incentivize branch staff to promote and sell insurance products.

• Regularly monitor and evaluate the performance of branch sta...read more

Catch block is used to handle exceptions that occur during program execution.

• Catch block is used in conjunction with try block.

• It catches and handles exceptions that occur in the try block.

• Multiple catch blocks can be used to handle different types of exceptions.

• Finally block can be used to execute code regardless of whether an exception was thrown or not.

• Example: try { //code that may throw exception } catch (Exception e) { //handle the exception } finally { //code that will...read more

Financial statements are connected through the flow of information and transactions between them.

• The income statement shows the company's revenues and expenses, which directly impact the net income reported on the statement of cash flows.

• The balance sheet reflects the company's financial position at a specific point in time, with assets equaling liabilities and equity, which is also reflected in the statement of cash flows.

• The statement of cash flows reconciles the beginning ...read more

Derivatives are financial contracts that derive their value from an underlying asset. They can be exchange-traded or over-the-counter (OTC). Corporate actions refer to events that affect a company's stock price.

• Derivatives are contracts that derive their value from an underlying asset, such as stocks, bonds, or commodities.

• There are two types of derivatives: exchange-traded and over-the-counter (OTC). Exchange-traded derivatives are standardized contracts that trade on organi...read more

The governor of RBI is Shaktikanta Das.

• Shaktikanta Das is the current governor of RBI.

• He assumed office on December 12, 2018.

• Prior to becoming the governor, he served as the Secretary of the Department of Economic Affairs in the Ministry of Finance.

• As the governor, he is responsible for formulating and implementing monetary policies in India.

• He plays a crucial role in maintaining financial stability and regulating the banking sector.

Excel is a spreadsheet software used for data analysis and management. MSDS stands for Material Safety Data Sheet.

• Excel is used for organizing and analyzing data in a tabular format

• It allows users to perform calculations, create charts and graphs, and automate tasks

• MSDS is a document that provides information about the properties and hazards of a chemical substance

• It includes information on handling, storage, and emergency procedures

• MSDS is important for ensuring the safe use...read more

My core value is integrity. I displayed it visibly last week when I admitted my mistake to my team and took responsibility for it.

• Integrity is important to me because it builds trust and credibility.

• I always strive to be honest and transparent in my actions and decisions.

• Last week, I made a mistake in a project and instead of trying to cover it up, I admitted it to my team and took responsibility for it.

• I believe that admitting mistakes and taking ownership of them is a sign ...read more

The process for creating and submitting code on GeeksforGeeks involves writing code, testing it, and then submitting it on the platform.

• Create an account on GeeksforGeeks website.

• Write the code for the problem statement provided.

• Test the code locally to ensure it works correctly.

• Submit the code on the GeeksforGeeks platform for evaluation.

• Receive feedback and improve the code if necessary.

Net Asset Value is calculated by subtracting liabilities from assets and dividing by the number of outstanding shares.

• Calculate the total value of all assets

• Subtract the total value of all liabilities

• Divide the result by the number of outstanding shares

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

• Example: If a company has $10 million in assets and $5 million in liabilities, with 1 million outstanding shares, the NAV would be $5 per share.

The overall plan for Informatica Installation and Upgrade involves several steps.

• Assess the current system and determine the appropriate version to upgrade to

• Ensure all prerequisites are met, including hardware and software requirements

• Back up all data and configurations before beginning the installation or upgrade process

• Install or upgrade the Informatica software

• Configure the system and test functionality

• Migrate data and configurations from the previous version if necessary...read more

Identifying risks and controls in a process

• Identify the process and its objectives

• Identify the inputs, activities, and outputs of the process

• Identify the risks associated with each step of the process

• Identify the controls in place to mitigate the risks

• Evaluate the effectiveness of the controls

• Recommend improvements to the process and controls

• Examples: Order-to-cash process, procurement process, hiring process

An audit programme is a plan of action outlining the steps to be taken during an audit.

• An audit programme outlines the objectives, scope, and methodology of the audit.

• It includes a list of audit procedures to be performed.

• It also includes a timeline for the audit and the roles and responsibilities of the audit team.

• Examples of audit programmes include financial audits, operational audits, and compliance audits.

Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.

• It helps to identify any discrepancies between the two records.

• It includes items such as deposits, withdrawals, and bank fees.

• It ensures that the company's financial records are accurate and up-to-date.

• It is usually prepared on a monthly basis.

• Example: If the bank statement shows a withdrawal of $100 but the company's records show a withdrawal of $50, the bank re...read more

Customer service is the assistance and support provided to customers before, during, and after a purchase.

• Listen actively to customers and address their concerns promptly

• Provide personalized and empathetic service

• Offer multiple channels for customer support (e.g. phone, email, chat)

• Train employees to handle difficult situations and provide solutions

• Collect feedback and use it to improve service

• Create a customer-centric culture within the organization

A company can remove its debt without affecting cash flow by refinancing debt at lower interest rates, increasing revenue, or selling assets.

• Refinance debt at lower interest rates to reduce debt burden

• Increase revenue through sales growth or cost-cutting measures

• Sell assets to generate cash and pay off debt

• Negotiate with creditors for better repayment terms

JDBC typically uses port 3306 for MySQL and ODBC typically uses port 1433 for SQL Server.

• JDBC commonly uses port 3306 for MySQL connections

• ODBC typically uses port 1433 for SQL Server connections

PWC is a multinational professional services network.

• PWC stands for PricewaterhouseCoopers.

• It provides services in audit, tax, and advisory.

• It operates in over 150 countries.

• Some of its clients include Coca-Cola, Google, and Microsoft.

• It is one of the Big Four accounting firms.

The Java Development Kit (JDK) is a software development kit used to develop Java applications.

• Main components include Java Compiler (javac), Java Virtual Machine (JVM), and Java Archive Tool (jar)

• JDK also includes libraries, documentation, and development tools

• JDK is necessary for compiling, debugging, and running Java programs

KYC registration status can be checked on the website of the respective financial institution or through their customer service.

• Check the website of the financial institution where KYC was registered

• Contact customer service of the financial institution

• Provide necessary details like name, date of birth, and account number

• KYC status can also be checked through the government's KYC registry website

OTC market trades happen through direct negotiations between buyers and sellers.

• OTC market trades are not conducted on a centralized exchange.

• Buyers and sellers negotiate directly with each other to agree on the terms of the trade.

• OTC trades are typically conducted between large financial institutions and involve high-value securities such as bonds, derivatives, and commodities.

• OTC trades are not subject to the same regulations as trades on a centralized exchange.

• OTC trades a...read more

Developers have two main roles: writing code to create programs and debugging to find and fix errors.

• Developers write code to create programs or applications.

• They also check for errors in the code and debug to fix them.

• Examples of debugging tools include breakpoints, logging, and unit tests.

Corporate actions are events initiated by a company that can affect its stock price and shareholders. They are recorded in books through various accounting entries.

• Corporate actions include stock splits, dividends, mergers, acquisitions, and spin-offs.

• These actions are recorded in books through journal entries and adjustments to accounts such as retained earnings and stockholders' equity.

• For example, if a company declares a dividend, it will debit retained earnings and credit...read more

Investing 60cr surplus cash for a client

• Assess client's risk tolerance and investment goals

• Diversify investments across different asset classes

• Consider long-term growth potential and liquidity needs

• Allocate funds to mutual funds, stocks, bonds, and real estate

• Regularly review and rebalance portfolio to maintain optimal asset allocation

The question is unclear and seems to contain errors.

• The question may be referring to 'fast angle' and 'third angle projection' in technical drawing.

• Fast angle refers to a type of projection where the object is viewed from an angle that is not perpendicular to any of its faces.

• Third angle projection is a method of drawing 3D objects in which the object is placed in a box with three sides and projected onto a plane.

• Without more context, it is difficult to provide a more specifi...read more

Derivatives are financial contracts that derive their value from an underlying asset or benchmark.

• Types of derivatives include options, futures, forwards, and swaps.

• Swaps can be interest rate swaps, credit default swaps, total return swaps, or currency swaps.

• IRS stands for interest rate swap, CDS stands for credit default swap, TRS stands for total return swap, and CYS stands for currency swap.

• Fixed income securities are debt securities that pay a fixed interest or dividend u...read more

I have a good level of knowledge about renewables.

• I have studied renewable energy sources such as solar, wind, hydro, and geothermal power.

• I am aware of the benefits of using renewables, such as reducing carbon emissions and promoting sustainability.

• I have also kept up to date with the latest developments and innovations in the field.

• For example, I know about the increasing use of energy storage systems to improve the reliability of renewable energy sources.

• Overall, I am conf...read more

Yes, I have coded in curriculum. The most complex one was a project on building a web application using React and Node.js.

• Built a full-stack web application using React and Node.js

• Implemented user authentication and authorization using JSON Web Tokens (JWT)

• Used MongoDB as the database and Mongoose as the ODM

• Implemented real-time updates using Socket.IO

• Deployed the application on Heroku

• Handled errors and implemented logging using Winston

Steps in revenue recognition under Ind AS 115

• Identify the contract with the customer

• Identify the performance obligations in the contract

• Determine the transaction price

• Allocate the transaction price to the performance obligations

• Recognize revenue when (or as) the entity satisfies a performance obligation

I can handle multiple compliances simultaneously. In my previous organization, I managed around 10-12 compliances at a time.

• I am comfortable handling multiple compliances simultaneously

• In my previous organization, I managed around 10-12 compliances at a time

• I prioritize the compliances based on their deadlines and importance

• I ensure that all compliances are completed accurately and on time

Private equity involves investing in private companies, while public equity involves investing in publicly traded companies.

• Private equity firms invest in companies that are not publicly traded

• Public equity involves buying shares of publicly traded companies

• Private equity firms typically acquire a controlling stake in the company they invest in

• Public equity investors do not have control over the company

• Private equity investments are typically held for a longer period of time ...read more

Yes, I am familiar with CAPA process and validation deviation process.

• CAPA (Corrective and Preventive Action) process is a quality management system used to identify, investigate, and resolve quality issues.

• Validation deviation process is used to document and investigate any deviations from the validated process or procedure.

• Both processes are important in ensuring quality and compliance in various industries, including pharmaceuticals and medical devices.

• Examples of CAPA pro...read more

To check application of IND AS while checking depreciation, one needs to ensure that the accounting policies and disclosures comply with the relevant standards.

• Check if the company has adopted IND AS and if it is applicable to the company

• Check if the company has followed the relevant accounting policies for depreciation as per IND AS

• Check if the company has made the required disclosures related to depreciation as per IND AS

• Compare the financial statements of the current year ...read more

To make a number <4 and >3 using 3, 4, and a symbol/operator on the calculator.

• Use the division operator (/) to divide 4 by 3, resulting in a number greater than 3 and less than 4.

• Alternatively, use the subtraction operator (-) to subtract 3 from 4, resulting in a number greater than 3 and less than 4.

Journal entries of purchase return

• When goods are returned to the supplier, a purchase return journal entry is made

• The accounts affected are Accounts Payable and Purchase Returns

• The purchase return is recorded as a debit to Purchase Returns and a credit to Accounts Payable

• Example: If goods worth $500 are returned to the supplier, the journal entry would be: Debit Purchase Returns $500, Credit Accounts Payable $500

The core principles of Information Security are confidentiality, integrity, and availability.

• Confidentiality: ensuring that information is only accessible to authorized individuals

• Integrity: maintaining the accuracy and completeness of information

• Availability: ensuring that information is accessible to authorized individuals when needed

• Examples: encryption, access controls, backups, disaster recovery plans

executequery, execute scalar, executenon query are SQL methods for executing queries.

• ExecuteQuery is used to execute a SELECT statement and returns a ResultSet object.

• ExecuteScalar is used to execute a SELECT statement that returns a single value.

• ExecuteNonQuery is used to execute INSERT, UPDATE, DELETE statements and returns the number of rows affected.

Duration will be greater for a fixed rate bond.

• Fixed rate bonds have a longer duration than floating rate bonds.

• Duration is the measure of a bond's sensitivity to interest rate changes.

• Fixed rate bonds have a fixed interest rate, so their duration is longer as they are more sensitive to interest rate changes.

A credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account. A credit sale is a transaction in which the buyer is allowed to pay for goods or services at a later date.

• A credit note is issued when a buyer returns goods or services, or when there is an overpayment or error in the original invoice.

• A credit sale is a sale in which the buyer is allowed to pay for goods or services at a later date, usually wit...read more

Data transformations in SSIS include Lookup which retrieves data from a source based on a matching condition.

• Lookup is used to retrieve data from a source based on a matching condition

• It can be used to perform joins between two data sources

• Lookup can be used to update or insert data into a destination based on a match

• Other data transformations in SSIS include sorting, aggregating, and merging data

Yes, one-time items in CFO can be alarming for a company seeking debt.

• One-time items can distort the true financial health of a company

• Lenders may view one-time items as unsustainable sources of income

• It may raise concerns about the company's ability to generate consistent cash flow

• Companies should provide explanations for one-time items to lenders

I have implemented ISO 9001, ISO 14001, and ISO 27001 standards.

• Implemented ISO 9001 for quality management systems

• Implemented ISO 14001 for environmental management systems

• Implemented ISO 27001 for information security management systems

Transactions that come in BRS include KYC, working capital, current assets, octroi, and bad debts.

• KYC transactions are those related to Know Your Customer compliance.

• Working capital transactions are those related to the company's day-to-day operations.

• Current assets transactions are those related to assets that can be easily converted to cash.

• Octroi transactions are those related to taxes on goods entering a particular area.

• Bad debts transactions are those related to debts th...read more

To find the average profit on a given loan, divide the total profit by the number of loans.

• Calculate the total profit earned on the loan

• Determine the number of loans

• Divide the total profit by the number of loans to find the average profit

• Example: If the total profit earned on 10 loans is $1000, the average profit per loan is $100

SIR models are used for infectious disease forecasting, incorporating compartments for susceptible, infected, and recovered individuals.

• SIR models focus on the dynamics of infectious diseases by dividing the population into compartments of susceptible, infected, and recovered individuals.

• Regular forecasting models typically do not consider the spread of infectious diseases and do not incorporate compartments for different disease states.

• SIR models allow for the estimation of ...read more

Preparing for an internal audit interview requires research, organization, and practice.

• Research the company and its industry to understand their operations and potential risks

• Review the audit plan and any relevant policies and procedures

• Prepare examples of how you have addressed audit findings in the past

• Practice answering common interview questions and be prepared to discuss your experience and qualifications

• Bring a notepad and pen to take notes during the interview

Traversing a tree involves visiting each node in a specific order.

• Choose a traversal method based on the problem requirements

• Depth-first search (DFS) and breadth-first search (BFS) are common methods

• DFS can be implemented using recursion or a stack

• BFS can be implemented using a queue

• Examples: inorder, preorder, postorder, level-order

• Consider the time and space complexity of each method