1000+ Associate Interview Questions and Answers

API testing challenges, methods and error codes in Postman

• Challenges include testing for authentication, authorization, input validation, and error handling

• Methods used in Postman include GET, POST, PUT, DELETE, PATCH, and OPTIONS

• Protocols used include HTTP, HTTPS, and REST

• Error codes include 200 for success, 400 for bad request, 401 for unauthorized, 404 for not found, and 500 for internal server error

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

• Derivatives can be used for hedging, speculation, or arbitrage.

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

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before a certain date.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified future date.

• Forwards are simil...read more

It is impossible to accurately determine the exact number of pizzas sold in New Delhi in a month without specific data.

• There are numerous pizza outlets in New Delhi, each with varying levels of sales.

• Sales can fluctuate based on factors such as day of the week, time of year, and economic conditions.

• Data on pizza sales in New Delhi would need to be obtained from individual outlets or market research reports.

To check the system when unable to login, try accessing the application from a different device or network.

• Try accessing the application from a different device to see if the issue is with the current device.

• Check if the internet connection is stable and try accessing the application from a different network.

• Clear browser cache and cookies, or try using a different browser.

• Contact the technical support team for assistance if the issue persists.

Equity value (EV) is the market value of a company's equity, calculated by adding market capitalization, debt, minority interest, and preferred shares, and subtracting cash and cash equivalents.

• EV = Market Capitalization + Debt + Minority Interest + Preferred Shares - Cash & Cash Equivalents

• Market capitalization is the total market value of a company's outstanding shares.

• Debt includes all interest-bearing liabilities of the company.

• Minority interest refers to the portion of a...read more

It is impossible to accurately predict the probability of India winning the next Cricket World Cup.

• Sports events are unpredictable and depend on various factors such as team performance, weather conditions, injuries, etc.

• Past performance of the team and individual players can be considered, but it does not guarantee future success.

• Other teams participating in the tournament also play a significant role in determining the probability of India winning.

• Therefore, it is not possi...read more

The ability to reach and engage with a large audience in real-time through various digital channels.

• The constantly evolving nature of digital marketing keeps me on my toes and allows for continuous learning and growth.

• The data-driven approach in digital marketing enables precise targeting and measurement of campaign effectiveness.

• The creativity involved in crafting compelling content and campaigns to capture audience attention and drive results.

• The opportunity to leverage var...read more

Inproc is a state management mode where data is stored in the application's memory.

• Inproc stands for 'in-process'.

• Data is stored in the application's memory, making it fast to access.

• This mode is suitable for small applications with low traffic.

• If the application is restarted, all data stored in inproc mode is lost.

• Examples of inproc state management include ASP.NET's in-process session state and Cache API.

Front office and accounting P&L reconciliation involves comparing the profit and loss statements from both departments to ensure accuracy.

• Front office is responsible for generating revenue through client interactions and trading activities.

• Accounting is responsible for recording financial transactions and preparing financial statements.

• P&L reconciliation involves comparing the revenue and expenses reported by the front office with the financial records maintained by the accou...read more

When trading in equity stock market, I check various factors such as company financials, market trends, news, and technical analysis.

• Company financials - revenue, profit margins, debt levels

• Market trends - overall market direction, sector performance

• News - company announcements, industry news

• Technical analysis - price movements, volume trends

Receive calls from customers by answering promptly and professionally.

• Answer the call within the first few rings

• Greet the customer with a friendly tone

• Listen actively to their concerns or inquiries

• Provide accurate information or assistance

• End the call with a thank you and offer further help if needed

The backbone of an engine is the engine block.

• The engine block is the main structural component of an engine.

• It houses the cylinders, crankshaft, and other important components.

• It also provides support for the engine's other systems, such as the cooling and lubrication systems.

• The material used for the engine block can vary depending on the type of engine and its intended use.

• For example, aluminum is often used for high-performance engines because it is lightweight and has go...read more

It is estimated that approximately X litres of milk is produced in Bangalore in a day.

• Consider the number of dairy farms in Bangalore

• Estimate the average milk production per cow per day

• Factor in the total number of cows in Bangalore

• Take into account the demand for milk in Bangalore

Yes, I have done litigation. I am familiar with the procedure of filing a complaint and serving summons.

• Filing a complaint involves drafting a document that outlines the plaintiff's claims and the relief sought.

• The complaint is then filed with the court and a copy is served on the defendant.

• The defendant has a certain amount of time to respond to the complaint, usually 30 days.

• If the defendant fails to respond, the plaintiff may seek a default judgment.

• If the defendant respon...read more

To create a XML publisher report in Oracle EBS, you need to define a data template and a layout template.

• Define a data template by creating an RTF template with data definitions and mappings.

• Upload the data template to the XML Publisher Administrator responsibility in Oracle EBS.

• Define a layout template by creating an RTF template with the desired report layout.

• Associate the data template and layout template to create the XML publisher report.

• Run the concurrent program to gen...read more

The Order-to-Cash process involves receiving and fulfilling customer orders, with risks including fraud and errors.

• Order entry and validation

• Inventory management and order fulfillment

• Invoicing and payment processing

• Risks include fraudulent orders, errors in order fulfillment or invoicing, and delays in payment processing

• Controls include order verification, inventory tracking, invoice review, and payment reconciliation

I am an experienced Associate with knowledge in audit assertions, materiality, benchmarking in audit, and revenue recognition as per Ind AS.

• Audit assertions are the representations made by management regarding the financial statements.

• There are five main audit assertions: existence, completeness, valuation or allocation, rights and obligations, and presentation and disclosure.

• For example, existence assertion ensures that the recorded assets and liabilities actually exist.

• Mate...read more

I have worked with the Spring framework in Java.

• Utilized Spring MVC for web development

• Implemented dependency injection with Spring IoC container

• Integrated Spring Security for authentication and authorization

A derivative is a financial contract whose value is based on the performance of an underlying asset or security.

• Derivatives can be used for hedging or speculation.

• Examples of derivatives include futures, options, and swaps.

• Derivatives can be traded on exchanges or over-the-counter.

• Money market refers to a market where short-term financial instruments are traded.

• Examples of money market instruments include treasury bills, commercial paper, and certificates of deposit.

• SEBI (Sec...read more

Finished goods are products that have completed the manufacturing process and are ready for sale. TSD tank is a type of storage tank used in the pharmaceutical industry.

• Finished goods are the end products of a manufacturing process

• They are ready for sale and distribution

• TSD tank is a type of storage tank used in the pharmaceutical industry

• It stands for 'Top Spray Drying' tank

• It is used for the production of dry powder inhalers and other pharmaceutical products

I am expertized in Java and Python programming languages.

• Proficient in Java for backend development

• Skilled in Python for data analysis and machine learning tasks

Credit worthiness of a company can be measured by analyzing financial statements, credit history, industry trends, and management quality.

• Review financial statements such as balance sheet, income statement, and cash flow statement to assess profitability, liquidity, and leverage.

• Check credit history including payment history, outstanding debts, and credit utilization ratio.

• Evaluate industry trends and economic conditions to understand the company's position in the market.

• Asse...read more

AML stands for Anti-Money Laundering and KYC stands for Know Your Customer. Both are important in preventing financial crimes.

• AML is a set of regulations and procedures designed to prevent money laundering and terrorist financing.

• KYC is the process of verifying the identity of customers and assessing their potential risks.

• AML and KYC are often used together to ensure compliance with regulations and prevent financial crimes.

• Examples of AML and KYC measures include customer due...read more

The softest bone in the human body is the hyoid bone.

• The hyoid bone is located in the neck, between the chin and the thyroid cartilage.

• It is a U-shaped bone that does not articulate with any other bone.

• The hyoid bone is made up of a delicate, spongy tissue and lacks a protective covering of muscles or fat.

• It plays a crucial role in supporting the tongue and aiding in swallowing and speech.

Formulas for EV, FCFF, and financial statements in project management.

• EV formula: EV = Market Value of Equity + Market Value of Debt - Cash & Cash Equivalents. EV represents the total value of a company, including both equity and debt.

• FCFF formula: FCFF = EBIT(1-Tax Rate) + Depreciation & Amortization - Capital Expenditures - Change in Working Capital. FCFF represents the cash generated by a company after accounting for all expenses and investments.

• Financial statements: Under...read more

Deemed dividend is a distribution of profits by a company that is not actually paid out, while block of assets refers to a group of assets treated as a single unit for tax purposes.

• Deemed dividend is a distribution of profits by a company to its shareholders, even if no actual dividend is declared or paid out.

• Block of assets refers to a group of assets that are treated as a single unit for the purpose of calculating depreciation or capital gains tax.

• Deemed dividends can arise...read more

Customer queries can be handled by providing prompt and helpful responses.

• Listen actively to understand the customer's issue

• Empathize with the customer's situation

• Provide clear and accurate information

• Offer solutions or alternatives

• Follow up to ensure customer satisfaction

We have a comprehensive set of rules and policies in place to ensure the well-being and comfort of our employees.

• We provide a safe and healthy work environment

• We offer competitive compensation and benefits packages

• We have a flexible work schedule and remote work options

• We have a zero-tolerance policy for discrimination and harassment

• We provide opportunities for professional development and growth

Negative working capital can be good for a company as it indicates efficient management of assets and liabilities.

• Negative working capital can indicate that a company is effectively using its short-term assets to fund its short-term liabilities.

• It can show that a company is able to quickly convert inventory or accounts receivable into cash to meet its short-term obligations.

• However, sustained negative working capital may also indicate liquidity issues or over-reliance on shor...read more

Good candidates should possess qualities like adaptability, strong work ethic, communication skills, and problem-solving abilities.

• Adaptability to changing work environments and situations

• Strong work ethic and dedication to the job

• Effective communication skills to work well with colleagues and clients

• Problem-solving abilities to tackle challenges and find solutions

• Positive attitude and willingness to learn and grow

• Team player mentality to collaborate with others towards commo...read more

SAP ABAP HANA is a newer version of SAP ECC with in-memory computing capabilities.

• SAP ABAP HANA uses in-memory computing, while SAP ECC uses traditional disk-based storage

• SAP ABAP HANA allows for real-time data processing and analysis, while SAP ECC has limitations in this area

• SAP ABAP HANA has a simplified data model and allows for faster development and deployment of applications

• SAP ABAP HANA has a different programming language (ABAP for HANA) compared to SAP ECC (ABAP)

• SAP...read more

GST has replaced multiple indirect taxes with a single tax. Recent changes include simplified return filing and reduced rates for certain items.

• GST has replaced multiple indirect taxes like VAT, excise duty, service tax, etc.

• It has simplified the tax structure and reduced the cascading effect of taxes.

• Recent changes include the introduction of simplified return filing through GST Sahaj and GST Sugam.

• GST rates have been reduced for items like movie tickets, electric vehicles, ...read more

Yes, I have knowledge of Tally software.

• I have used Tally for accounting and bookkeeping purposes.

• I am familiar with creating and managing ledgers, vouchers, and invoices.

• I have experience in generating financial reports and statements using Tally.

• I am comfortable with using Tally's various features such as inventory management and payroll processing.

Yes, I have knowledge of taxation.

• I have studied taxation as part of my academic curriculum.

• I have also worked on tax-related projects during my internships.

• I keep myself updated with the latest tax laws and regulations.

• I am familiar with tax filing procedures and forms.

• I have assisted in preparing tax returns for individuals and businesses.

My favorite dish is lasagna. It's a layered pasta dish with meat sauce, cheese, and pasta sheets.

• Lasagna is made by layering cooked pasta sheets with meat sauce and cheese.

• The meat sauce is usually made with ground beef, tomato sauce, and herbs.

• The cheese used in lasagna is typically ricotta, mozzarella, and parmesan.

• The dish is then baked in the oven until the cheese is melted and bubbly.

• Lasagna is often served with garlic bread and a side salad.

Hedge funds are investment funds that use various strategies to generate high returns for their investors.

• Hedge funds are typically only available to accredited investors due to their high-risk nature.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can invest in a wide range of assets, including stocks, bonds, commodities, and currencies.

• Some hedge funds employ long-short strategies, where they simultaneously buy and sell securities to profit from both ...read more

A rivet is a metal fastener used to join two or more pieces of material together permanently.

• Rivets are commonly used in construction, automotive, and aerospace industries.

• They are inserted into pre-drilled holes and then deformed to hold the materials together.

• Rivets can be made of various materials including aluminum, steel, and copper.

• They are often used in place of screws or bolts when a permanent joint is required.

• Examples of riveted structures include bridges, airplanes...read more

I would prioritize the backups to ensure data integrity and work with fund accounting to find a solution.

• Communicate with fund accounting to understand the reason for the delay

• Prioritize critical backups to ensure data integrity

• Work with the team to find a solution that minimizes delays in preparing financials

Elements of a valid contract include offer, acceptance, consideration, legal capacity, and legal purpose.

• Offer: One party must make a clear offer to another party.

• Acceptance: The offer must be accepted by the other party.

• Consideration: Both parties must exchange something of value.

• Legal capacity: Both parties must have the legal capacity to enter into a contract.

• Legal purpose: The contract's purpose must be legal.

To deal with daily problems, it is important to stay calm, prioritize tasks, seek help when needed, and learn from each experience.

• Stay calm and composed to think clearly and make rational decisions

• Prioritize tasks based on urgency and importance

• Seek help from colleagues or supervisors when facing complex problems

• Learn from each experience to prevent similar problems in the future

The most common M adjustments in accounting are related to depreciation, amortization, and accruals.

• Depreciation: Adjusting the value of fixed assets over time to reflect their decrease in value.

• Amortization: Spreading the cost of intangible assets over their useful life.

• Accruals: Recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Prepaid expenses: Allocating expenses that have been paid in advance over the period to which they rela...read more

General partners have unlimited liability and manage the business, while limited partners have limited liability and do not manage the business.

• General partners have unlimited liability for the debts and obligations of the business, while limited partners have limited liability and are only liable for the amount of their investment.

• General partners manage the day-to-day operations of the business, while limited partners do not have a say in management decisions.

• General partne...read more

I would segregate rejected items, analyze the reasons for rejection, and work with suppliers to address the issues.

• Segregate rejected items to prevent mixing with approved items

• Analyze reasons for rejection to identify trends and common issues

• Work with suppliers to address quality issues and prevent future rejections

Example CPT code and PMS system knowledge, salary negotiation skills demonstrated

• Example CPT code: 99213 (Established patient office visit, level 3)

• PMS system knowledge: I am familiar with Epic and Cerner systems

• Salary negotiation: I am seeking a salary of 40k, but open to discussion based on the overall compensation package

Hedge funds are alternative investment vehicles that pool capital from accredited investors, while private placements are securities offerings to a select group of investors.

• Hedge funds are typically only available to high-net-worth individuals and institutional investors.

• They employ various investment strategies, such as long-short equity, global macro, and event-driven.

• Hedge funds often use leverage and derivatives to amplify returns.

• Private placements are offerings of secu...read more

Shorting a put option involves selling a put option with the expectation that the price of the underlying asset will rise.

• Shorting a put option is a bearish strategy

• The seller of the put option is obligated to buy the underlying asset at the strike price if the buyer decides to exercise the option

• Shorting a put option can be profitable if the price of the underlying asset rises or remains stable

• However, if the price of the underlying asset falls significantly, the seller of t...read more

Interest payment is the cost of borrowing money from a bank, while principal is the amount borrowed.

• Interest payment is the amount of money paid by a borrower to a lender for the use of money borrowed.

• Principal is the original amount of money borrowed from a lender.

• For example, if a person borrows $10,000 from a bank at an interest rate of 5%, the interest payment would be $500 per year and the principal would be $10,000.

• Interest payments can be fixed or variable depending on...read more