1500+ Associate Interview Questions and Answers

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

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

Contracts are legally binding agreements between two or more parties.

• Contracts are formed when there is an offer, acceptance, consideration, and intention to create legal relations.

• Essential elements of a contract include offer, acceptance, consideration, intention to create legal relations, capacity, and legality of purpose.

• Example: A contract for the sale of goods where one party offers to sell a product, the other party accepts the offer, consideration is exchanged, and bo...read more

The Government Securities Market in India is a platform for trading government securities.

• Government Securities Market is regulated by the Reserve Bank of India.

• It is a platform for trading government securities like treasury bills, bonds, and securities issued by the central and state governments.

• The market is open to all investors including individuals, banks, financial institutions, and foreign investors.

• The market is an important source of funding for the government.

• The m...read more

I would first check if the Num Lock key is on, try restarting the computer, and if the issue persists, replace the keyboard.

• Check if the Num Lock key is on, as it might be causing the keyboard to type numbers instead of letters.

• Try restarting the computer to see if it resolves the issue.

• If the problem persists, try using a different keyboard to see if the issue is with the current keyboard.

• Check for any software updates or driver issues that may be causing the problem.

Methods to secure a database using SQL include encryption, access control, and regular updates.

• Use encryption to protect sensitive data

• Implement access control to restrict unauthorized access

• Regularly update the database software to patch security vulnerabilities

Accounting profit and tax profit are not the same. The key difference lies in the treatment of certain expenses and income.

• Accounting profit is based on the principles of accounting and includes all revenues and expenses recorded in financial statements.

• Tax profit is used for calculating taxes owed to the government and may have adjustments for tax purposes, such as depreciation and interest expenses.

• Key differences include treatment of depreciation, interest expenses, and ot...read more

During my internship, I learned about market analysis and estimating demand. To estimate the market for hyperloop between Mangalore and Bangalore, I would consider factors such as population, transportation infrastructure, economic growth, and potential competitors.

• Analyze the population of both Mangalore and Bangalore to determine the potential customer base for the hyperloop service.

• Evaluate the current transportation options between the two cities and identify any gaps tha...read more

I manage myself in a hectic environment by prioritizing tasks, staying organized, and practicing stress management techniques.

• Prioritize tasks based on urgency and importance

• Break down complex tasks into smaller, manageable steps

• Use tools like to-do lists, calendars, and reminders to stay organized

• Practice time management techniques, such as setting deadlines and allocating specific time slots for different tasks

• Take short breaks to recharge and avoid burnout

• Utilize stress ma...read more

IIFE (Immediately Invoked Function Expression) is used to create a private scope and avoid global namespace pollution.

• IIFE can be used to create modules in JavaScript.

• It can also be used to avoid naming conflicts in code.

• IIFE can be used to create closures and maintain state.

• It can be used to execute code immediately without the need for a function call.

• IIFE can be used to pass arguments to a function without exposing them to the global scope.

The probability of rain in Chennai today depends on various factors such as season, weather conditions, and location.

• The probability can be estimated by analyzing the current weather patterns and historical data.

• Factors such as humidity, temperature, and wind speed can affect the probability of rain.

• Local weather forecasts and satellite imagery can also provide insights into the likelihood of rain.

• The probability of rain can range from 0% to 100%, with higher probabilities in...read more

The profit considered for giving a loan to a company includes net profit, operating profit, and EBITDA.

• Net profit: Indicates the overall profitability of the company after all expenses are deducted from revenue.

• Operating profit: Shows the profit from the core business operations before interest and taxes.

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Reflects the company's operating performance without accounting for capital structure or tax environ...read more

Fitness brands are competing by offering unique experiences, personalized training, and innovative technology.

• Brands are creating unique experiences to differentiate themselves from competitors.

• Personalized training programs are becoming more popular to cater to individual needs.

• Innovative technology such as wearables and fitness apps are being integrated into workouts.

• Brands are also focusing on community building and social media engagement to attract and retain customers.

• E...read more

Sales is the process of convincing a potential customer to buy a product or service. Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Sales involves identifying potential customers, understanding their needs, and persuading them to make a purchase.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, or natural disasters.

• Policy Bazar is a leading online insurance aggregator that ...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.

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

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

The retailer client is experiencing a decline in revenue, analyze the cause.

• Conduct a thorough analysis of the retailer's financial statements to identify any trends or patterns in revenue decline.

• Evaluate the competitive landscape to see if new competitors have entered the market or existing competitors have gained market share.

• Assess the retailer's marketing and advertising strategies to determine if they are effectively reaching their target audience.

• Consider external fact...read more

Approximately 700 airplanes take off and land at Mumbai airport daily.

• Consider the average number of flights per day at Mumbai airport

• Factor in peak travel times and seasonal variations

• Take into account the types of aircrafts that operate at the airport

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

The improvement project I am referring to is a process optimization initiative aimed at reducing production downtime.

• Identifying bottlenecks in the production process

• Implementing new scheduling techniques

• Training staff on efficient maintenance practices

I can type around 80-90 words per minute with high accuracy.

• I have been practicing typing for several years and have developed a fast and accurate typing speed.

• I regularly use typing tests to measure and improve my speed.

• I am proficient in touch typing and can type without looking at the keyboard.

• My typing speed may vary depending on the complexity of the text and the typing environment.

• I prioritize accuracy over speed to ensure quality work.

A Java program can count character frequency in a string using a HashMap to store characters and their counts efficiently.

• Use a HashMap: Store each character as a key and its frequency as the value. Example: `HashMap<Character, Integer> frequencyMap = new HashMap<>();`

• Iterate through the string: Loop through each character in the string and update its count in the HashMap. Example: `for (char c : inputString.toCharArray()) { frequencyMap.put(c, frequencyMap.getOrDefault(c, 0)...read more

Journal entry is a record of financial transactions in a company's accounting system.

• Journal entry is used to record transactions in the general ledger.

• It includes the date, accounts affected, and the amount of the transaction.

• Examples include recording a sale, paying a bill, or adjusting an account balance.

• Journal entries are used to create financial statements and track the financial health of a company.

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

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