1000+ Associate Interview Questions and Answers

Structured finance refers to complex financial instruments that are created by pooling together various financial assets.

• Structured finance involves the creation of securities that are backed by a pool of assets such as mortgages, loans, or bonds.

• These securities are then sold to investors who receive payments based on the cash flows generated by the underlying assets.

• Structured finance can be used to manage risk, raise capital, and create customized investment opportunities....read more

The number of cutting angles in a reamer varies depending on the type and size of the reamer.

• The number of cutting angles can range from 2 to 6.

• The cutting angles are designed to remove material from the workpiece as the reamer rotates.

• The cutting angles can be straight or spiral, and can be symmetrical or asymmetrical.

• The number and angle of the cutting edges can affect the surface finish and accuracy of the hole.

• Examples of reamers with different cutting angles include hand...read more

Bonds are not a good investment option in an inflationary scenario.

• Inflation erodes the purchasing power of fixed income investments like bonds.

• Investors may demand higher yields to compensate for inflation, which can lead to a decrease in bond prices.

• Inflation-protected securities like TIPS may be a better option in an inflationary scenario.

In the Initialization phase of SUM shadow instance is created.

• Shadow instance is created during the Initialization phase of SUM.

• It is used for testing and validation before making changes to the actual system.

• Helps in minimizing risks and ensuring smooth transition during updates.

• Example: In SAP system update management (SUM), shadow instance is created in the Initialization phase.

Main components of a computer include CPU, memory, storage, input/output devices, and motherboard.

• CPU (Central Processing Unit) - processes instructions and performs calculations

• Memory (RAM) - stores data and instructions temporarily for the CPU to access quickly

• Storage (Hard Drive, SSD) - stores data and programs permanently

• Input devices (keyboard, mouse) - allow users to input data and commands

• Output devices (monitor, printer) - display information or output data

• Motherboard...read more

I am known for my ability to inspire and motivate others to achieve their goals.

• I have a natural talent for identifying people's strengths and helping them to develop those strengths.

• I am a skilled communicator and can effectively convey my ideas and vision to others.

• I have a positive attitude and am able to maintain a sense of optimism even in challenging situations.

• I lead by example and am always willing to roll up my sleeves and get to work alongside my team.

• I have a track...read more

Capline Services is a revenue cycle management (RCM) company that helps healthcare providers optimize their financial performance.

• Capline Services specializes in providing RCM solutions for healthcare providers to streamline their billing and collections processes.

• They offer services such as medical coding, claims processing, denial management, and accounts receivable follow-up.

• Capline Services aims to improve revenue cycle efficiency and maximize reimbursement for healthcare...read more

A cross cheque is a type of cheque that has two parallel lines drawn across its face, indicating that it can only be deposited into the bank account of the payee.

• A cross cheque is a safer form of payment as it cannot be cashed by anyone other than the intended recipient.

• The two parallel lines on a cross cheque can be either general or special crosses.

• A general cross cheque can only be deposited into a bank account, while a special cross cheque can only be deposited into the a...read more

Enterprise value is the total value of a company, including debt and equity.

• Calculated as market capitalization plus debt minus cash and cash equivalents

• Represents the true value of a company as it includes all stakeholders

• Used to compare companies of different sizes and capital structures

• Example: Company A has a market cap of $1 billion, debt of $500 million, and cash of $100 million. Its enterprise value is $1.4 billion.

Fuselage station refers to a specific location on an aircraft's fuselage.

• Fuselage station is a measurement of distance along the fuselage, typically measured in inches or millimeters.

• It is used as a reference point for various components and systems on the aircraft.

• For example, an aircraft's doors, windows, wings, and tail are all located at specific fuselage stations.

• Fuselage station 0 is usually defined as the reference point at the nose of the aircraft.

• Fuselage stations in...read more

My comfortable coding language is Python.

• Python is versatile and easy to read

• I have experience with libraries like Pandas and NumPy

• I have used Python for web development projects

I am familiar with programming languages such as Java, Python, and C++.

• Java

• Python

• C++

Approximately 200,000 people can fit in a 2 sq km ground depending on the density of people.

• Calculate the area per person by dividing the total area by the average space each person occupies.

• Consider factors like standing room only or seating arrangements to estimate the number of people that can fit.

• Density of people will also affect the total number that can fit in the area.

Before making a Dashboard, requirements such as data sources, key performance indicators, user roles, and visualization preferences should be gathered.

• Identify the data sources that will be used to populate the dashboard (e.g. databases, APIs, spreadsheets).

• Determine the key performance indicators (KPIs) that the dashboard will track and display.

• Understand the different user roles that will be accessing the dashboard and their specific needs.

• Gather information on the preferre...read more

Arrays are stored in memory segments by allocating contiguous blocks of memory for each element.

• Allocate memory for the array by using functions like malloc() or new.

• Access elements using index values starting from 0.

• Example: char* array[5]; array[0] = "first"; array[1] = "second";

I am processing various types of invoices including purchase orders, service invoices, and expense reports.

• Purchase orders

• Service invoices

• Expense reports

Integrating tools in CICD pipeline involves setting up automation, connecting different stages, and ensuring smooth flow of code from development to deployment.

• Identify the stages in the CICD pipeline such as code repository, build, test, and deployment

• Select appropriate tools for each stage based on requirements and compatibility

• Configure the tools to work together by setting up triggers, notifications, and dependencies

• Automate the process by creating scripts or using built-...read more

Custom registry in IBM Websphere allows users to define their own user repositories for authentication and authorization.

• Custom registry can be configured in the security.xml file of the Websphere application server.

• Users can define their own LDAP servers, databases, or custom Java classes as user repositories.

• Custom registry provides flexibility in integrating with different authentication and authorization systems.

• Example: Configuring a custom LDAP server as the user regist...read more

Capline Services is a company that provides a range of consulting and outsourcing services to businesses.

• Capline Services offers consulting services in areas such as finance, marketing, and operations.

• They also provide outsourcing services for tasks like customer service, data entry, and IT support.

• The company aims to help businesses improve efficiency and reduce costs through their services.

Passion for promoting health and wellness through natural supplements.

• Passionate about promoting health and wellness through natural means

• Believe in the power of nutraceuticals to improve overall well-being

• Excited about the potential to help others achieve their health goals through supplements

The Reserve Bank of India (RBI) is the regulatory authority that controls banks in India.

• The RBI is responsible for issuing licenses to banks and regulating their operations.

• It also sets monetary policies and manages the country's foreign exchange reserves.

• The RBI has the power to inspect and audit banks to ensure compliance with regulations.

• In addition, the government of India has some control over public sector banks.

• However, private sector banks are largely controlled by t...read more

My first experience of selling was nerve-wracking but exciting.

• I was working part-time at a retail store and was asked to sell a new product to customers.

• I was nervous at first but tried to focus on the benefits of the product and how it could help the customer.

• I approached a customer and explained the product to them, highlighting its features and benefits.

• To my surprise, the customer was interested and ended up buying the product.

• After that experience, I felt more confident...read more

Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.

• Accounts receivable is an asset on a company's balance sheet.

• It represents the amount of money that customers owe to the company.

• It is created when a company sells goods or services on credit terms.

• Accounts receivable is typically collected within a specified period, known as the credit period.

• Companies often use aging schedules to track and manage their account...read more

Yes, I have a reliable vehicle for site visits.

• I have a reliable car that is suitable for traveling to different sites.

• I am comfortable driving long distances if needed for site visits.

• I have a valid driver's license and insurance for my vehicle.

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities.

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors can buy shares of mutual funds, which represent their ownership in the fund's portfolio.

• Mutual funds offer diversification, liquidity, and professional management to investors.

• There are different types of mutual funds such as equi...read more

I have a flexible availability and can adjust my schedule as needed.

• I am available to work weekdays, weekends, and evenings.

• I can easily switch shifts with advance notice.

• I am open to working overtime if required.

• I am willing to accommodate any scheduling needs of the company.

I analyze various factors such as revenue growth, market share, competitive landscape, and future prospects to determine the valuation of technology companies.

• I research and analyze financial statements, industry reports, and market trends.

• I consider the company's revenue growth, market share, and competitive landscape.

• I evaluate the company's future prospects and potential for innovation.

• I use various valuation methods such as discounted cash flow analysis and comparable com...read more

Project implementation challenges and overcoming them

• Identifying potential risks and challenges

• Creating a detailed project plan

• Effective communication and collaboration

• Adapting to changes and being flexible

• Monitoring progress and making necessary adjustments

• Building a strong team and assigning roles

• Seeking expert advice and guidance

• Learning from past experiences and lessons

• Implementing risk mitigation strategies

• Regularly reviewing and evaluating the project

Collateral is important in derivatives trading, especially in CDS, to mitigate counterparty credit risk.

• Collateral serves as a form of security for the parties involved in a derivatives trade.

• It helps to mitigate counterparty credit risk by ensuring that each party has sufficient assets to cover potential losses.

• In CDS, collateral is particularly important as it is used to protect against default by the reference entity.

• Without collateral, the risk of default by one party cou...read more

Overriding is when a subclass provides a specific implementation for a method that is already provided by its parent class, while overloading is when multiple methods have the same name but different parameters.

• Overriding involves changing the method implementation in a subclass, while overloading involves having multiple methods with the same name but different parameters.

• Overriding is used for runtime polymorphism, while overloading is used for compile-time polymorphism.

• Exa...read more

OOPs stands for Object-Oriented Programming. It is used in programming to organize code into objects with properties and behaviors.

• OOPs helps in organizing code into reusable components called objects

• It promotes concepts like inheritance, encapsulation, and polymorphism

• Example: In a banking application, a 'Account' object can have properties like account number and balance, and behaviors like deposit and withdraw

ORMs in .NET simplify database operations by mapping objects to database tables.

• ORMs like Entity Framework and NHibernate provide a higher level of abstraction for database operations.

• They allow developers to work with objects instead of writing SQL queries.

• ORMs handle database connections, transactions, and mapping of objects to tables.

• Developers can use LINQ to query data from the database.

• ORMs also provide caching and lazy loading to improve performance.

• Example: Entity Fra...read more

Functional Interface has only one abstract method while Normal Interface can have multiple abstract methods.

• Functional Interface is used for lambda expressions and method references.

• Normal Interface can have default and static methods along with abstract methods.

• Example of Functional Interface: java.util.function.Predicate

• Example of Normal Interface: java.util.List

HR is a department within an organization responsible for managing employees, recruiting, training, and handling employee relations.

• HR oversees recruitment and hiring processes

• HR manages employee benefits and payroll

• HR handles employee relations and conflict resolution

• HR is responsible for training and development programs

A share is riskier than a mutual fund.

• Shares are more volatile and subject to market fluctuations

• Mutual funds are diversified and managed by professionals

• Shares require more research and monitoring

• Examples: Apple stock vs. S&P 500 index fund

Paint is a liquid or paste material used to add color and protection to surfaces.

• Paint is made up of pigments, binders, solvents, and additives.

• Different types of paint include oil-based, water-based, and latex.

• Paint can be used for decorative purposes or to protect surfaces from damage.

• Paint can be applied using brushes, rollers, or sprayers.

• Common paint finishes include matte, satin, and gloss.

Programs in Java can be created by writing code in a text editor or an IDE, compiling the code, and running it using a Java Virtual Machine (JVM).

• Write Java code using classes, methods, variables, and control structures.

• Compile the code using a Java compiler like javac.

• Run the compiled code using a Java Virtual Machine (JVM) like java.

• Use an Integrated Development Environment (IDE) like Eclipse or IntelliJ IDEA for easier development.

• Utilize Java libraries and frameworks for ...read more

Kubernetes is an open-source container orchestration platform that automates the deployment, scaling, and management of containerized applications.

• Kubernetes allows for automatic scaling of applications based on resource usage.

• It provides self-healing capabilities by automatically restarting containers that fail.

• Kubernetes enables easy deployment and management of microservices architecture.

• It supports various cloud providers and on-premises environments.

• Kubernetes uses decla...read more

Cloud computing is the delivery of computing services over the internet, including storage, servers, databases, networking, software, and more.

• Cloud computing allows users to access resources on-demand without the need for physical hardware.

• It offers scalability, flexibility, and cost-efficiency for businesses.

• Examples of cloud computing services include Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.

Device Manager is a tool in Windows that allows users to view and manage hardware devices installed on their computer.

• It displays a list of all the hardware devices connected to the computer.

• Users can update, disable, or uninstall device drivers using Device Manager.

• It can be accessed by right-clicking on the Windows Start button and selecting Device Manager.

• Common hardware devices listed in Device Manager include network adapters, sound cards, and graphics cards.

Policy Bazaar is an online platform for comparing and purchasing insurance policies.

• Policy Bazaar is an Indian online insurance aggregator that allows users to compare and purchase insurance policies from various companies.

• Insurance is a contract between an individual and an insurance company, where the individual pays a premium in exchange for financial protection against potential losses or damages.

• Types of insurance include health, life, auto, home, and travel insurance.

• In...read more

Primary market is where new securities are issued, while secondary market is where already issued securities are traded.

• Primary market involves the sale of new securities to the public for the first time

• Secondary market involves the trading of already issued securities among investors

• Primary market helps companies raise capital for their business operations

• Secondary market provides liquidity to investors who want to buy or sell securities

• Examples of primary market include IPO...read more

To find if a table has any duplicates, you can use the GROUP BY clause with the COUNT function.

• Use the GROUP BY clause to group the rows by the columns that you want to check for duplicates.

• Use the COUNT function to count the number of occurrences of each group.

• If the count is greater than 1, it means there are duplicates in the table.

OTC Derivatives are privately negotiated financial contracts between two parties, not traded on an exchange.

• OTC stands for Over-The-Counter

• OTC Derivatives are customized contracts between two parties

• They are not traded on an exchange

• They are used for hedging, speculation, and arbitrage

• Examples include swaps, options, and forwards

Implementing process helps in achieving efficiency, consistency, and quality in work.

• Streamlines workflows and reduces errors

• Ensures adherence to standards and regulations

• Facilitates continuous improvement and optimization

• Increases productivity and profitability

• Examples: Six Sigma, Lean, Agile methodologies

Documents required for loan process

• Proof of identity (e.g. passport, driver's license)

• Proof of income (e.g. pay stubs, tax returns)

• Credit report

• Bank statements

• Loan application form

• Collateral documents (if applicable)

Risk of Material Misstatement refers to the risk that financial statements are materially misstated due to error or fraud.

• It is a risk that auditors assess during an audit engagement

• It can arise from errors or fraud in financial reporting

• It can be caused by inadequate internal controls or lack of oversight

• It is important to identify and mitigate this risk to ensure the accuracy of financial statements