1000+ Associate Interview Questions and Answers

Balance Sheet is a financial statement that shows a company's assets, liabilities, and equity. Profit & Loss A/c is a statement that shows a company's revenues, expenses, and net income.

• Balance Sheet is a snapshot of a company's financial position at a specific point in time.

• It shows the company's assets (what it owns), liabilities (what it owes), and equity (what's left over for the owners).

• Profit & Loss A/c is a statement that shows a company's revenues (what it earned), ex...read more

Phishing is a type of cyber attack where attackers trick individuals into revealing sensitive information.

• Phishing attacks can come in the form of emails, text messages, or phone calls.

• Attackers often pose as a trustworthy entity, such as a bank or a popular website.

• The goal of phishing is to obtain sensitive information, such as login credentials or credit card numbers.

• Phishing attacks can be prevented by being cautious of unsolicited messages and verifying the authenticity ...read more

Dependency injection in .NET Core can be maintained through built-in DI container or third-party containers.

• Use built-in DI container by registering services in Startup.cs file

• Use third-party containers like Autofac, Ninject, etc. for more advanced scenarios

• Avoid using static classes or singletons to prevent tight coupling

• Use constructor injection to ensure loose coupling and testability

Global error handling in Angular can be done using ErrorHandler class.

• Create a class that implements the ErrorHandler interface

• Override the handleError() method to handle errors globally

• Provide the ErrorHandler class in the providers array of AppModule

• Use the error handling service to log errors or display error messages

A new terminal at an airport is required to accommodate increasing passenger traffic and improve overall airport experience.

• Current terminal may be overcrowded and unable to handle the volume of passengers

• New terminal can provide additional gates, lounges, and amenities for passengers

• Improved airport experience can attract more airlines and increase revenue

• New terminal can also incorporate modern technology and sustainability features

• Examples: Istanbul Airport's new terminal,...read more

Recognizing revenue of bundled services involves allocating the total revenue to each service based on their standalone selling prices.

• Identify the standalone selling prices of each service included in the bundle.

• Allocate the total revenue based on the relative fair value of each service.

• Recognize revenue for each service as it is delivered or as the customer consumes the service.

• Ensure that the revenue recognition complies with accounting standards such as ASC 606.

• Example: A...read more

Customer handling is the process of interacting with customers to address their needs, concerns, and inquiries in a professional and efficient manner.

• Listening actively to customers to understand their needs

• Communicating clearly and effectively to provide information or solutions

• Resolving customer complaints or issues in a timely manner

• Maintaining a positive attitude and professional demeanor

• Building rapport and trust with customers to enhance their experience

• Examples: Offeri...read more

Setting the path in Java involves adding directories to the classpath to locate external libraries or resources.

• Use the 'java -cp' command to set the classpath for a specific Java program.

• You can also set the classpath using the CLASSPATH environment variable.

• To add a JAR file to the classpath, use the '-cp' or '-classpath' option followed by the path to the JAR file.

• For example, to set the classpath to include a JAR file named 'example.jar', you can use 'java -cp example.jar...read more

Deferred revenue expenses are costs that have been paid in advance but have not yet been incurred.

• Deferred revenue expenses are recorded as assets on the balance sheet until they are incurred.

• Examples include prepaid insurance, prepaid rent, and prepaid advertising.

• Once the expenses are incurred, they are then recognized as expenses on the income statement.

• Deferred revenue expenses help in matching expenses with revenues in the period they are incurred.

Constructor in Java is a special type of method that is used to initialize objects.

• Constructors have the same name as the class they belong to.

• They do not have a return type, not even void.

• Constructors are called when an object of a class is created.

• They can be overloaded to have multiple constructors with different parameters.

I am interested in JPMC because of its reputation and opportunities. Finance is a dynamic field that challenges me. Regulations are necessary for stability and trust in banking.

• JPMC has a strong reputation in the industry and offers a wide range of opportunities for growth and development.

• Finance is a dynamic field that requires constant learning and adaptation to new trends and technologies.

• Regulations are necessary to ensure stability and trust in the banking industry, and ...read more

COBOL main divisions are Identification Division, Environment Division, Data Division, and Procedure Division. VSAM Define is used to define the structure of a VSAM file. File status clause in Select statement is used to handle file operations.

• Identification Division - contains program name and author information

• Environment Division - specifies the environment in which the program will run

• Data Division - defines the data structures used in the program

• Procedure Division - cont...read more

I regularly use Python, Java, and SQL in my work.

• Python

• Java

• SQL

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. DCF stands for Discounted Cash Flow. Investment banks and private equity firms differ in their focus and activities.

• EBITDA is a measure of a company's profitability before accounting for interest, taxes, depreciation, and amortization expenses.

• DCF is a valuation method used to estimate the value of an investment based on its expected future cash flows.

• Investment banks primarily provide financia...read more

Error is a mistake in code syntax or logic, while exception is an unexpected event during program execution.

• Errors are caused by mistakes in code, such as syntax errors or logical errors.

• Exceptions are unexpected events that occur during program execution, such as a division by zero or a file not found error.

• Errors can be caught and fixed during development, while exceptions are handled during runtime.

• Errors can cause the program to crash, while exceptions can be handled and ...read more

Object-oriented programming concepts like inheritance, encapsulation, polymorphism, and abstraction can be used in real life to organize and structure code efficiently.

• Inheritance allows for code reusability by creating a new class that inherits properties and methods from an existing class.

• Encapsulation helps in bundling data and methods that operate on the data into a single unit, protecting data from outside interference.

• Polymorphism enables objects to be treated as instan...read more

Immutable classes are classes whose instances cannot be modified after creation.

• Immutable classes have all fields marked as final and private.

• They do not have any setter methods to modify the state of the object.

• Any modification to an immutable object results in a new object being created.

• Example of an immutable class: public class Person { private final String name; private final int age; public Person(String name, int age) { this.name = name; this.age = age; } public String...read more

Litigation consulting involves providing expert advice and support to attorneys and clients involved in legal disputes.

• Litigation consultants assist with case strategy, witness preparation, and jury selection.

• They may also provide financial analysis, forensic accounting, and expert testimony.

• Examples of litigation consulting firms include NERA Economic Consulting and FTI Consulting.

Duplicate is an exact copy of something, while reference is a pointer to the original object.

• Duplicate is a separate copy of the original item, while reference points to the original item.

• Changes made to a duplicate do not affect the original, but changes made to a reference affect the original.

• Duplicate has its own memory space, while reference shares memory space with the original object.

I'm sorry, I cannot answer that question as I do not have access to that information.

• N/A

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.

Decreasing depreciation impacts all three financial statements differently.

• Income statement: Decreasing depreciation will result in higher net income as expenses are reduced.

• Balance sheet: Decreasing depreciation will lead to higher total assets and equity due to lower accumulated depreciation.

• Cash flow statement: Decreasing depreciation will increase cash flow from operations as net income increases.

• Example: If depreciation expense decreases by $10,000, net income will incre...read more

If cx.support is not better, there may be a decrease in customer satisfaction and an increase in customer complaints.

• Customer satisfaction may decline

• There may be an increase in customer complaints

• The reputation of the company may be negatively affected

• Customers may switch to competitors

• Sales and revenue may decrease

Banking involves managing financial transactions, while credit cards allow users to borrow money for purchases.

• Banking involves depositing and withdrawing money, managing accounts, and providing loans.

• Credit cards allow users to borrow money for purchases and pay it back with interest.

• Credit cards often come with rewards programs or cash back incentives.

• Credit card debt can accumulate quickly and lead to financial difficulties if not managed properly.

Dechallenge and rechallenge are terms used in pharmacovigilance to describe the process of stopping and restarting a medication to determine its role in adverse events.

• Dechallenge involves stopping the medication to see if the adverse event resolves

• Rechallenge involves restarting the medication to see if the adverse event returns

• These processes help determine if the medication is the cause of the adverse event

• Dechallenge and rechallenge are important tools in drug safety moni...read more

Single Ops tool is a software that helps businesses manage their operations from a single platform.

• It streamlines processes and improves efficiency

• It can include features like scheduling, inventory management, and invoicing

• Examples include ServiceTitan, Jobber, and Housecall Pro

To download Indian mart in Play Store, search for the app in the Play Store search bar and click on the 'Install' button.

• Open the Play Store app on your device

• Search for 'Indian mart' in the search bar

• Click on the app icon and then click on the 'Install' button

• Wait for the app to download and install on your device

Divided means separated into parts or pieces.

• Divided is the past tense of divide which means to separate something into parts or pieces.

• It can be used in various contexts such as dividing a cake into slices, dividing a group into teams, etc.

• In mathematics, division is a basic arithmetic operation that involves dividing one number by another.

• Divided can also be used figuratively, such as a divided nation or a divided opinion.

• Cash flow refers to the amount of cash coming in and...read more

Materiality, audit risk, and assertions are important concepts in auditing.

• Materiality refers to the significance of an item or transaction in the financial statements.

• Audit risk is the risk that the auditor may issue an incorrect opinion on the financial statements.

• Assertions are the representations made by management in the financial statements.

• There are five types of assertions: existence, completeness, accuracy, valuation, and presentation and disclosure.

• Auditors use mate...read more

I have extensive experience in customer service, including handling inquiries, resolving issues, and ensuring customer satisfaction.

• I have worked in customer-facing roles for several years, honing my communication and problem-solving skills.

• I am familiar with various customer service techniques, such as active listening, empathy, and conflict resolution.

• I have received positive feedback from customers for my ability to address their needs effectively and efficiently.

Reconciliation accounts are maintained to ensure accuracy and consistency in financial records.

• Helps in identifying discrepancies between different accounts

• Ensures accuracy and consistency in financial statements

• Facilitates easy tracking of transactions and balances

• Aids in detecting errors or fraud in accounting records

To price a bond, calculate the present value of its future cash flows.

• Determine the bond's face value, coupon rate, and maturity date.

• Calculate the bond's yield to maturity.

• Use the yield to maturity to discount the bond's future cash flows.

• Add up the present values of the cash flows to get the bond's price.

• Consider any additional factors that may affect the bond's price, such as credit risk or call provisions.

I deal with various sections including marketing, sales, customer service, and operations.

• Marketing: creating and implementing marketing strategies to promote products/services

• Sales: managing sales team and achieving sales targets

• Customer service: ensuring customer satisfaction and resolving complaints

• Operations: overseeing day-to-day operations and improving efficiency

n+1 issue in Hibernate refers to the problem of excessive database queries being executed due to lazy loading.

• Occurs when a query fetches an entity and its associated entities one at a time instead of all at once

• Can be solved by using eager loading or batch fetching

• Can also be solved by using a join fetch query

• Can lead to performance issues and slow down the application

To apply for a refund, gather necessary documentation, contact the company or store, follow their refund policy, and wait for the refund to be processed.

• Gather receipts or proof of purchase.

• Contact the company or store where the purchase was made.

• Follow their refund policy, which may include returning the item in its original packaging.

• Wait for the refund to be processed, which may take a few days to weeks.

Some Google products include Gmail, Google Maps, Google Drive, YouTube, and Google Photos.

• Gmail - email service

• Google Maps - mapping service

• Google Drive - cloud storage service

• YouTube - video sharing platform

• Google Photos - photo storage and sharing service

The cutting wheel size varies depending on the tool. There are different types of bearings used for various applications. Bearings are used to reduce friction and support rotating parts. Ring spanners have a circular opening while hook spanners have a hook-shaped opening.

• Cutting wheel size varies depending on the tool being used.

• There are different types of bearings such as ball bearings, roller bearings, and plain bearings.

• Bearings are used to reduce friction between moving ...read more

Major breakdowns in reactor, centrifuge, and ANFD and their solutions.

• Reactor breakdown: Possible causes include overheating, loss of coolant, or control system failure. Solutions may involve emergency shutdown, cooling measures, or repairs.

• Centrifuge breakdown: Common issues include imbalance, bearing failure, or motor malfunction. Solutions may include recalibration, replacement of faulty parts, or maintenance.

• ANFD breakdown: Problems can arise from clogging, leakage, or ma...read more

Reactors may face various types of problems, and they can be rectified through troubleshooting and maintenance.

• Reactors may face issues such as overheating, leaks, or mechanical failures.

• To rectify these problems, troubleshooting techniques can be used to identify the root cause.

• Maintenance activities like cleaning, repairing, or replacing faulty components can help in resolving the issues.

• Regular inspections and preventive maintenance can prevent problems from occurring in t...read more

Digital marketing is the promotion of products or services using digital technologies and channels.

• Digital marketing is cheaper than traditional marketing because it eliminates the need for physical materials and reduces distribution costs.

• Examples of traditional marketing include print advertisements, billboards, and television commercials.

• Examples of digital marketing include social media advertising, email marketing, and search engine optimization (SEO).

• Digital marketing i...read more

Operating, investing, and financing activities are three categories used in financial reporting to classify the cash flows of a business.

• Operating activities involve the day-to-day operations of the business, such as sales, production, and expenses.

• Investing activities include the purchase and sale of long-term assets, such as property, equipment, and investments.

• Financing activities involve raising capital through debt or equity, as well as repaying debt and distributing div...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other securities.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities

• Mutual funds offer diversification and can be a good option for investors who want exposure to a variety of securities

• Examples of mutual fund companies include Vangu...read more

A debenture is a type of debt instrument that is not secured by physical assets or collateral.

• Debenture holders are creditors of the company and have a right to receive interest and principal payments.

• Debentures can be issued by corporations, governments, and other organizations.

• Debentures can be convertible or non-convertible, and can have varying maturity dates and interest rates.

• Debentures are often used as a way for companies to raise capital without diluting ownership or...read more

SOLID principle is a set of good coding practices that help in creating maintainable and scalable software.

• S - Single Responsibility Principle: A class should have only one reason to change.

• O - Open/Closed Principle: A class should be open for extension but closed for modification.

• L - Liskov Substitution Principle: Subtypes should be substitutable for their base types.

• I - Interface Segregation Principle: A client should not be forced to depend on methods it does not use.

• D - D...read more

Drill bits can have various cutting angles depending on their purpose and material.

• The most common cutting angle for general purpose drill bits is 118 degrees.

• Drill bits for harder materials like metal may have a sharper angle of 135 degrees.

• Masonry drill bits have a flatter angle of 90 degrees to prevent cracking of the material.

• The cutting angle affects the efficiency and precision of the drilling process.

Causality refers to the relationship between an event (the cause) and a second event (the effect), where the second event is a result of the first.

• Causality is the principle that everything has a cause and effect.

• It is the relationship between an action and its consequences.

• For example, smoking causes lung cancer.

• Causality is important in scientific research to establish cause-and-effect relationships.

• It is also important in legal and ethical contexts to determine responsibil...read more

A buyer is a person or entity who purchases goods or services in exchange for money or other forms of payment.

• Buyers can be individuals or organizations.

• They play a crucial role in the supply chain by selecting and procuring products or services.

• Buyers negotiate prices, terms, and conditions with sellers.

• They may conduct market research to identify potential suppliers and evaluate their offerings.

• Buyers may also be responsible for managing supplier relationships and ensuring ...read more