Business Advisor

Business Advisor Interview Questions and Answers

Updated 6 Mar 2024

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Q1. What kinds of solution you can alleviate about challenges?

Ans.

I can provide customized solutions to alleviate various challenges faced by businesses.

  • Identify the root cause of the challenge

  • Develop a tailored solution based on the specific needs of the business

  • Implement the solution and monitor its effectiveness

  • Provide ongoing support and adjustments as needed

Q2. What do u know about gst and tax

Ans.

GST is a value-added tax levied on goods and services in India. Tax is a mandatory financial charge imposed by the government on income, goods, and services.

  • GST stands for Goods and Services Tax

  • It is a value-added tax levied on goods and services in India

  • It was implemented on July 1, 2017

  • GST has replaced many indirect taxes previously levied by the central and state governments

  • Tax is a mandatory financial charge imposed by the government on income, goods, and services

  • There ar...read more

Business Advisor Interview Questions and Answers for Freshers

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Q3. What is the sale

Ans.

Sale refers to the exchange of goods or services for money or other valuable consideration.

  • Sale is a transaction between a buyer and a seller

  • It involves the exchange of goods or services for money or other valuable consideration

  • The price of the goods or services is agreed upon by both parties

  • Examples of sales include buying a car, purchasing groceries, or hiring a plumber

Q4. What is AML kyc

Ans.

AML KYC stands for Anti-Money Laundering and Know Your Customer. It is a set of regulations and procedures designed to prevent financial crimes.

  • AML KYC involves verifying the identity of clients and assessing their risk of money laundering or terrorist financing.

  • It requires financial institutions to monitor transactions, report suspicious activities, and keep detailed records.

  • Examples of AML KYC measures include customer due diligence, transaction monitoring, and screening fo...read more

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Q5. What AML KYC Will Do

Ans.

AML KYC helps prevent money laundering and fraud by verifying the identity of customers and monitoring their transactions.

  • Verifies the identity of customers to ensure they are not involved in money laundering or other illegal activities

  • Monitors transactions to detect suspicious activity and report it to authorities

  • Helps financial institutions comply with regulations and avoid penalties

  • Uses a combination of technology, processes, and policies to assess and manage risks

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