100+ Consultant Interview Questions and Answers for Freshers

Ind AS 109 prescribes the principles for recognition, measurement, presentation and disclosure of financial assets, financial liabilities and equity instruments.

• Ind AS 109 applies to all financial instruments except for those specifically excluded.

• Financial assets and liabilities are recognized when the entity becomes a party to the contractual provisions of the instrument.

• Equity instruments are recognized when the entity becomes a party to the contractual provisions of the i...read more

The tea seller in a roadside joint in Mumbai can earn an average annual income of around INR 2,40,000.

• The average price of a cup of tea in Mumbai is around INR 10.

• Assuming the tea seller sells 100 cups of tea per day, the daily revenue would be INR 1,000.

• Considering the tea seller operates 300 days a year, the annual revenue would be INR 3,00,000.

• After deducting expenses like rent, ingredients, and wages, the tea seller's net income could be around INR 2,40,000.

Invest in research and development and employee training.

• Invest in research and development to drive innovation and stay ahead of competitors.

• Allocate funds for employee training and development to enhance skills and expertise.

• Examples: Setting up state-of-the-art R&D facilities, hiring top researchers, conducting market research, organizing training programs and workshops.

The height of a light pole on the road should be determined based on factors such as road width, lighting requirements, and safety regulations.

• Consider the width of the road and the distance between light poles to ensure adequate lighting coverage.

• Take into account the height of nearby buildings or structures that may obstruct the light.

• Adhere to safety regulations and guidelines regarding the minimum and maximum height of light poles.

• Consider the type of lighting fixtures be...read more

A framework is a set of rules, guidelines, and libraries that provide a structure for building software applications. It differs from a language in that a language is a set of syntax and grammar rules used to communicate with a computer.

• A framework provides a structure for building applications, while a language provides the syntax and grammar for communicating with a computer.

• Frameworks often include pre-built libraries and tools to help developers build applications more ef...read more

The angle between the hour hand and minute hand at 3:15 is 7.5 degrees.

• At 3:00, the hour hand is at the 3 o'clock position, which is 90 degrees.

• In 15 minutes, the minute hand moves 90 degrees (360 degrees divided by 4).

• The hour hand also moves slightly in 15 minutes, covering 7.5 degrees (30 degrees divided by 4).

• Therefore, the angle between the hour hand and minute hand at 3:15 is 7.5 degrees.

Qualified SSA is used for calls that meet specific criteria, while unqualified SSA is used for calls that do not meet the criteria.

• Qualified SSA is used for calls that meet specific criteria set by the organization or client.

• Unqualified SSA is used for calls that do not meet the criteria and may require a different approach or response.

• Examples of qualified SSA calls include customer inquiries that can be resolved within a certain timeframe, while unqualified SSA calls may in...read more

Estimating the number of pasta sauce bottles sold in a month in Mumbai.

• Consider the population of Mumbai and the average consumption of pasta sauce per person.

• Research the market share of different pasta sauce brands in Mumbai.

• Analyze the sales data of pasta sauce in supermarkets and grocery stores in Mumbai.

• Take into account the demand during festive seasons or special events.

• Consider the popularity of pasta dishes and the frequency of their consumption in Mumbai.

Recommendations for improving efficiency of a telecommunication firm's distributed network

• Conduct a thorough analysis of the current network infrastructure

• Identify areas of congestion and bottlenecks

• Recommend upgrades to hardware and software

• Implement load balancing techniques to distribute traffic evenly

• Consider implementing a content delivery network (CDN) to reduce latency

• Ensure proper security measures are in place to protect against cyber attacks

Yes, we can debug AMDP and CDS.

• We can debug AMDP using ABAP debugger or Eclipse debugger.

• We can debug CDS using Eclipse debugger or SQL Trace.

• For AMDP, we can set breakpoints in the method and debug it.

• For CDS, we can use SQL Trace to analyze the SQL statements generated by CDS view.

• Debugging helps in identifying and fixing issues in the code.

Estimating the number of printers in India.

• Start by estimating the number of households in India

• Assume a percentage of households that own printers

• Consider the number of businesses and organizations that may have printers

• Factor in the number of educational institutions and government offices

• Take into account the population density and urban-rural divide

• Consider the growth rate of technology adoption in India

• Use available market research data or industry reports for reference

Smarts is a network management tool that discovers devices and creates a topology.

• Smarts uses SNMP to discover network devices.

• It creates a topology by analyzing the relationships between devices.

• The topology can be visualized in a graphical format.

• Smarts can also monitor network performance and alert administrators to issues.

• Examples of devices that can be discovered include routers, switches, and servers.

Function to find and replace a line in an array of strings

• Loop through array to find line containing first input

• Replace line with second input

• Return updated array

Batch calls allow multiple requests in a single HTTP call. Associations and navigation allow querying related data in OData.

• Batch calls can improve performance by reducing the number of HTTP requests.

• Associations define relationships between entities in OData.

• Navigation allows querying related entities using the $expand query option.

• Example: /Orders?$expand=Customer

• Example: /Customers('ALFKI')/Orders

Yes, Agile methodologies are a set of principles and practices for iterative development.

• Agile methodologies prioritize customer collaboration and responding to change over following a strict plan.

• Scrum, Kanban, and Extreme Programming (XP) are popular Agile frameworks.

• Agile promotes adaptive planning, evolutionary development, early delivery, and continuous improvement.

• Daily stand-up meetings, sprint planning, and retrospectives are common Agile practices.

• Agile emphasizes de...read more

As a fresher, I face market competition by focusing on my unique skills and strengths.

• I identify my unique selling points and highlight them in my resume and during interviews.

• I research the company and its competitors to understand their needs and how I can add value.

• I network with professionals in the industry to gain insights and build relationships.

• I continuously learn and improve my skills to stay competitive.

• For example, when applying for a marketing role, I highlighted...read more

Encapsulation is the concept of hiding implementation details and exposing only necessary information. Polymorphism is the ability of objects to take on multiple forms.

• Encapsulation helps in achieving data security and prevents unauthorized access to data.

• Polymorphism allows objects to be treated as instances of their own class or as instances of their parent class.

• Encapsulation and Polymorphism are key concepts in Object-Oriented Programming.

• Example of Encapsulation: Private...read more

React is faster due to virtual DOM, default parameters provide fallback values, async functions can be called in useEffect

• React is faster than traditional DOM manipulation because it uses a virtual DOM to minimize actual DOM updates

• Default parameters in JavaScript allow you to specify default values for function parameters if no value is provided

• Async functions can be called in useEffect hook in React to perform asynchronous operations within a functional component

No, ABAP does not support multiple inheritance.

• ABAP only supports single inheritance through the use of interfaces and abstract classes.

• Multiple inheritance can lead to ambiguity and complexity in the code.

• However, ABAP does allow for the implementation of multiple interfaces.

• Example: a class can implement both IF_A and IF_B interfaces.

Yes, a class can have multiple constructors with different parameters.

• Constructors are used to initialize objects of a class.

• Multiple constructors can be defined with different parameters.

• The constructor with the matching parameters is called when an object is created.

• Constructors can also call other constructors using 'this' keyword.

• Example: public class MyClass { public MyClass() {} public MyClass(int x) {} }

Setting up role-based permissions involves defining roles, assigning permissions to roles, and managing user access based on roles.

• Define different roles based on job functions or responsibilities

• Assign specific permissions to each role, determining what actions users in that role can perform

• Grant or revoke access to resources based on roles

• Regularly review and update roles and permissions to ensure security and compliance

• Use role-based access control (RBAC) to streamline per...read more

I have been working on report tiles related to sales performance and customer behavior.

• Sales performance report tile shows the revenue generated by each product category and the top-performing sales representatives.

• Customer behavior report tile displays the customer demographics, purchase history, and their preferred products.

• Both report tiles are interactive and allow users to filter data based on various parameters.

• The sales performance report tile also includes a trend ana...read more

Digitising NBFC loan disbursement involves implementing a digital platform for loan application, approval, and disbursement.

• Develop a user-friendly digital platform for loan application and approval

• Integrate the platform with credit bureaus for credit checks and risk assessment

• Implement e-signature and e-KYC for paperless verification

• Use APIs to connect with banks for fund transfer

• Ensure data security and compliance with regulations

• Provide customer support through chatbots an...read more

Printing reverse of string without inbuilt function and start printing from last index.

• Iterate through the string from last index to first index and append each character to a new string.

• Use a loop to iterate through the string and concatenate each character to the new string.

• Print the new string in reverse order.

Yes, I am proficient in working with Microsoft Excel.

• I am experienced in creating spreadsheets, using formulas, and analyzing data.

• I have used Excel for tasks such as data entry, creating charts, and pivot tables.

• I am familiar with functions such as VLOOKUP, SUMIF, and IFERROR.

• I have also worked with macros and automation in Excel.

Sub flow in Mule is a reusable flow that can be called from other flows.

• Sub flow is a separate flow that can be called from other flows

• It helps in reusing the same logic in multiple flows

• Sub flow can have its own set of input and output parameters

• It can be used to encapsulate complex logic and make the main flow more readable

• Example: A sub flow for database connection that can be called from multiple flows

ETL stands for Extract, Transform, Load. It is a process used to extract data from various sources, transform it into a consistent format, and load it into a target database or data warehouse.

• ETL is a common practice in data integration and data warehousing.

• Extract: Data is extracted from different sources such as databases, files, APIs, etc.

• Transform: The extracted data is cleaned, validated, and transformed into a consistent format.

• Load: The transformed data is loaded into ...read more

Factorial code using recursion

• Recursion is a technique where a function calls itself

• Factorial of a number is the product of all positive integers less than or equal to that number

• To calculate factorial using recursion, the base case is when the number is 0 or 1

• The recursive step is to call the factorial function with the number decremented by 1 and multiply it with the number itself

I have used design patterns such as Singleton, Factory, and Observer in my projects.

• Singleton pattern ensures a class has only one instance and provides a global point of access to it.

• Factory pattern creates objects without specifying the exact class of object that will be created.

• Observer pattern defines a one-to-many dependency between objects so that when one object changes state, all its dependents are notified and updated automatically.

Perform various checks on purchase order data dump

• Verify accuracy of vendor information

• Check for duplicate PO numbers

• Ensure correct pricing and quantities

• Validate delivery dates

• Confirm approval signatures

You can perform procedures such as creating purchase orders, updating purchase orders, cancelling purchase orders, etc. from a PO dump.

• Creating new purchase orders based on the information in the dump

• Updating existing purchase orders with new information

• Cancelling purchase orders that are no longer needed

• Reviewing and analyzing purchase order data for insights

Business rules are constructed using logic and conditions.

• Logic

• Conditions

• Constraints

• Decision tables

• Rule engines

P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.

• Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.

• Approval: Risk of delays or errors in approval process causing delays in procurement.

• Purchase Order: Risk of incorrect details or unauthorized purchases being made.

• Goods Receipt: Risk of receiving damaged or incorrect goods, leading to disputes with suppliers.

• Invoice Verification: ...read more

Auditing revenue involves examining financial records, verifying transactions, and ensuring compliance with accounting standards.

• Reviewing sales invoices, receipts, and contracts to ensure accuracy and completeness

• Comparing recorded revenue with supporting documentation to identify discrepancies

• Testing the effectiveness of internal controls and procedures for revenue recognition

• Analyzing revenue trends and patterns to identify potential risks or irregularities

• Verifying the ac...read more

Yes, I have basic computer knowledge.

• Proficient in using Microsoft Office Suite

• Familiar with internet browsing and email communication

• Basic understanding of computer hardware and software

• Experience with troubleshooting common computer issues

To calculate revenue of an ice cream parlor, we need to consider factors like sales volume, pricing strategy, and operational costs.

• Determine the average number of customers per day and the average amount spent per customer

• Consider the cost of ingredients, labor, rent, and utilities

• Analyze the competition and adjust pricing strategy accordingly

• Explore opportunities for upselling and cross-selling

• Track sales and expenses regularly to identify trends and make informed decisions

The semiconductor industry is constantly evolving with new technologies such as AI, IoT, and 5G driving innovation.

• AI is being used to improve chip design and manufacturing processes

• IoT is driving demand for low-power and high-performance chips

• 5G is increasing demand for high-speed and low-latency chips

• Emerging technologies such as quantum computing and neuromorphic computing are being explored for future applications

The case involves summarizing a consulting project.

• The interviewer wants a concise overview of the case.

• The summary should highlight the key points and findings.

• It should provide a clear understanding of the project's objectives and outcomes.

• Examples can be used to support the summary.

To identify irregularities in inventory, conduct regular physical counts, compare counts to recorded quantities, analyze discrepancies, and investigate root causes.

• Perform regular physical counts of inventory

• Compare the physical counts to the recorded quantities in the inventory system

• Analyze any discrepancies between the physical counts and recorded quantities

• Investigate the root causes of the irregularities

• Implement control measures to prevent future irregularities

• Utilize i...read more

Printing reversed words in a string without using inbuilt functions

• Split the string into words using space as delimiter

• Iterate through each word and reverse it

• Print the reversed words in the original order

Apex is the highest point or peak of something. It can be achieved in different ways through hard work, determination, and skill.

• Apex can be achieved through setting specific goals and working towards them consistently.

• Improving skills and knowledge in a particular area can help reach the apex of success.

• Networking and building strong relationships can also help in reaching the apex of one's career or personal life.

Custom exceptions can be written by creating a new class that extends the Exception class.

• Create a new class that extends the Exception class

• Add a constructor to the custom exception class

• Throw the custom exception using 'throw new CustomException(message)'

Identification of plants involves observing characteristics such as leaves, flowers, fruits, and stems.

• Observe the shape, size, and color of leaves

• Examine the flowers for color, shape, and arrangement

• Look at the fruits for size, color, and texture

• Inspect the stems for texture, color, and branching pattern

Key risks identified in internal audit experience

• Lack of segregation of duties leading to potential fraud

• Inadequate controls over financial reporting

• Insufficient IT security measures

• Non-compliance with regulations and policies

• Weaknesses in inventory management

I would recommend the Vanguard Total Stock Market Index Fund for its low fees and diversified exposure to the entire U.S. stock market.

• Consider the fund's expense ratio and fees

• Look at the fund's historical performance and track record

• Evaluate the fund's investment strategy and holdings

• Take into account your own risk tolerance and investment goals

Chat GPT can be used for resume or email writing by providing prompts and letting the AI generate content.

• Provide clear and specific prompts for the AI to work with

• Review and edit the generated content to ensure accuracy and relevance

• Use the AI to help with formatting and wording suggestions

• Ensure the final output reflects your personal style and tone

throw is a keyword used to throw an exception, throws is used in method signature to declare exceptions thrown, and Throwable is a superclass for all exceptions and errors.

• throw is used to throw an exception in a try-catch block

• throws is used in method signature to declare exceptions that the method can throw

• Throwable is a superclass for all exceptions and errors in Java