1500+ Consultant Interview Questions and Answers

A party is entitled to dispose of their own property or assets.

• A party has the right to sell, transfer, or otherwise get rid of their own property.

• The extent of disposal rights may be limited by legal or contractual obligations.

• Examples of disposal include selling a house, transferring ownership of a car, or donating personal belongings.

Borrowing cost refers to the cost of borrowing money, including interest rates and fees.

• Borrowing cost includes interest rates and fees charged by lenders

• The cost of borrowing can vary depending on the type of loan and the borrower's creditworthiness

• Borrowing cost can be calculated using the annual percentage rate (APR)

• Examples of borrowing cost include mortgage interest rates, credit card interest rates, and loan origination fees

React JS is a popular JavaScript library for building user interfaces.

• Functional components are simpler and more lightweight than class components.

• Refs are used to access DOM nodes or React elements created in the render method.

• Higher Order Components (HOC) are functions that take a component and return a new component with additional functionality.

• Redux is a state management library for React applications.

• Fetch API is used to make network requests in JavaScript.

• Lazy loading ...read more

I integrated Angular code with ASP.NET Core using Angular CLI to generate components and services, and then integrating them into ASP.NET Core project.

• Used Angular CLI to generate components and services

• Integrated Angular code into ASP.NET Core project by adding necessary configurations and dependencies

• Utilized Angular HTTP client to communicate with ASP.NET Core backend APIs

Hypotheses concepts are assumptions made to test a theory. Value stream mapping is a tool to visualize and improve processes.

• Hypotheses concepts are used in scientific research to test a theory by making assumptions and testing them through experiments.

• Value stream mapping is a lean management tool used to visualize and analyze the flow of materials and information in a process.

• Current project details are not available.

There is no preference of working on Oracle over SAP based on my background.

• Both Oracle and SAP have their own strengths and weaknesses.

• The choice between Oracle and SAP depends on the specific requirements of the project or organization.

• Oracle is known for its robust database management system and comprehensive suite of business applications.

• SAP, on the other hand, is renowned for its integrated enterprise resource planning (ERP) solutions.

• It is important to evaluate factors...read more

It is difficult to determine the exact number of street hawkers in Delhi due to their informal nature.

• Street hawkers in Delhi operate informally and are not registered with any authority.

• Their numbers fluctuate depending on various factors such as time of day, location, and season.

• Estimates suggest that there are anywhere between 200,000 to 500,000 street hawkers in Delhi.

• Counting them accurately is a challenging task due to their mobility and the lack of a centralized databa...read more

The number of seats in a plane and train can vary depending on the size and type of the aircraft or train.

• Planes can have anywhere from 20 seats in a small private jet to over 600 seats in a large commercial airliner like the Airbus A380.

• Trains can have a few dozen seats in a small commuter train to hundreds of seats in a high-speed train like the Shinkansen in Japan.

• The number of seats in a plane or train also depends on the class configuration (economy, business, first clas...read more

Prioritising risks during risk assessment involves evaluating the likelihood and impact of each risk to determine which ones require immediate attention.

• Assess the likelihood of each risk occurring

• Evaluate the potential impact of each risk on the project or organization

• Consider the interconnectedness of risks and how they may compound each other

• Prioritize risks based on the combination of likelihood and impact

• Focus on addressing high priority risks first to mitigate potential...read more

Investment instruments include stocks, bonds, mutual funds, real estate, and commodities.

• Stocks: Ownership in a company, potential for high returns but also high risk.

• Bonds: Loans to a company or government, lower risk but lower returns.

• Mutual Funds: Pooled funds from multiple investors, managed by professionals.

• Real Estate: Ownership of physical property, potential for rental income and appreciation.

• Commodities: Raw materials like gold, oil, or agricultural products, can be ...read more

Angular components can communicate with each other using @Input, @Output, EventEmitter, services, and RxJS observables.

• Using @Input decorator to pass data from parent to child component

• Using @Output decorator and EventEmitter to emit events from child to parent component

• Using services to share data between components

• Using RxJS observables to create a data stream that can be subscribed to by multiple components

BeyondTrust PowerBroker is a privileged access management solution that provides control over user access to critical systems and data.

• PowerBroker allows organizations to manage and control privileged access across multiple platforms, including Windows, Unix, Linux, and Mac OS.

• It provides granular access control, allowing administrators to define policies based on user roles and responsibilities.

• PowerBroker also includes auditing and reporting capabilities, enabling organizat...read more

Estimate the number of autos in New Delhi.

• Gather data on the population of New Delhi

• Determine the percentage of households that own an auto

• Estimate the average number of autos per household

• Multiply the number of households by the average number of autos per household

• Consider additional factors such as tourism and commercial vehicles

To derive % share in Power BI, use the 'Group By' function and create a measure using the 'Divide' function.

• Use the 'Group By' function to group the data by the desired category

• Create a measure using the 'Divide' function to calculate the percentage share

• Add the measure to a visual to display the % share

• Example: = DIVIDE(SUM(Sales[Revenue]), CALCULATE(SUM(Sales[Revenue]), ALL(Sales)))

It is impossible to accurately determine the number of tennis balls that can fit in a Boeing 787 without additional information.

• The size of the tennis balls and the available space in the Boeing 787 must be known.

• The configuration of the Boeing 787 (e.g. number of seats, cargo space) will also affect the answer.

• Assuming an average size of tennis ball and a completely empty Boeing 787, a rough estimate could be made based on the volume of the plane's interior.

• However, this est...read more

There are approximately 47 million credit cards in circulation in India.

• As of 2021, there are around 47 million credit cards in India.

• The number of credit cards has been steadily increasing in recent years.

• Major credit card issuers in India include HDFC Bank, ICICI Bank, and SBI.

• Credit cards are widely used for online shopping, travel bookings, and other transactions.

• The Reserve Bank of India regulates the credit card industry in the country.

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.

There are three types of cloud: public, private, and hybrid.

• Public cloud: services offered to anyone on the internet, e.g. AWS, Azure

• Private cloud: services offered within a private network, e.g. OpenStack

• Hybrid cloud: combination of public and private cloud, e.g. Google Cloud Platform

The three key artefacts of Scrum are Product Backlog, Sprint Backlog, and Increment.

• Product Backlog: prioritized list of features or requirements

• Sprint Backlog: list of tasks to be completed during a sprint

• Increment: the sum of all completed product backlog items at the end of a sprint

• All three artefacts are essential for successful implementation of Scrum

Reverse a string and find prime numbers in code.

• To reverse a string, iterate through the characters and append them in reverse order.

• To find prime numbers, iterate from 2 to the square root of the number and check for divisibility.

Global container in SAP XI is used to transport objects between different systems.

• Global container is a repository for objects that need to be transported between different systems in SAP XI.

• It is used to move objects from development to quality assurance and then to production.

• Objects can be transported individually or as part of a transport package.

• The global container can be accessed through the Integration Builder or the Enterprise Services Repository.

• Examples of objects ...read more

KNN models are used for classification and regression tasks based on similarity to nearest neighbors, while K-means is a clustering algorithm based on distance to centroids.

• KNN models assign a class label to a new data point based on majority class of its k-nearest neighbors

• K-means clusters data points into k clusters based on distance to centroids

• KNN is a supervised learning algorithm, while K-means is an unsupervised learning algorithm

The journey at IIM Lucknow has been challenging and rewarding.

• IIM Lucknow has provided me with a rigorous academic curriculum and exposure to diverse perspectives.

• The case study method of teaching has helped me develop critical thinking and problem-solving skills.

• I have also had the opportunity to participate in various extracurricular activities and events, which have helped me develop my leadership and teamwork abilities.

• Overall, my journey at IIM Lucknow has been a transfo...read more

To connect database using Spring Boot, configure the database properties in application.properties and use Spring Data JPA.

• Add database properties in application.properties file

• Add dependencies for Spring Data JPA and database driver in pom.xml

• Create a repository interface extending JpaRepository

• Use @Autowired annotation to inject the repository in service class

• Use repository methods to perform database operations

Reducing SGA can be achieved through various measures such as optimizing processes, reducing headcount, and outsourcing non-core functions.

• Identify non-core functions that can be outsourced to reduce overhead costs

• Optimize processes to reduce waste and increase efficiency

• Reduce headcount by eliminating redundant positions or automating tasks

• Implement cost-saving measures such as energy-efficient equipment or telecommuting

• Negotiate better deals with suppliers to reduce procure...read more

Different types of SQL joins include inner join, left join, right join, and full outer join.

• Inner join: Returns rows when there is a match in both tables

• Left join: Returns all rows from the left table and the matched rows from the right table

• Right join: Returns all rows from the right table and the matched rows from the left table

• Full outer join: Returns rows when there is a match in either table

Transactions and activities are recorded in cash flow statements to show the inflow and outflow of cash.

• Cash flow statements show the sources and uses of cash during a specific period.

• Transactions that increase cash are recorded as inflows, while those that decrease cash are recorded as outflows.

• Activities that affect cash flow include operating, investing, and financing activities.

• Examples of operating activities include sales revenue and expenses, while investing activities...read more

There are various ratios used in the manufacturing sector to measure performance and efficiency.

• Some common ratios include inventory turnover ratio, asset turnover ratio, debt-to-equity ratio, and gross margin ratio.

• Inventory turnover ratio measures how quickly a company sells its inventory and is calculated by dividing the cost of goods sold by average inventory.

• Asset turnover ratio measures how efficiently a company uses its assets to generate revenue and is calculated by d...read more

To turnaround an Australian company with huge losses, we need to focus on cost-cutting, revenue generation, and operational efficiency.

• Conduct a thorough analysis of the company's financials to identify areas of high cost and low revenue

• Implement cost-cutting measures such as reducing overhead expenses and renegotiating contracts with suppliers

• Focus on revenue generation by identifying new markets and products, and improving sales and marketing strategies

• Improve operational e...read more

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.

The potential and demand for our drinks is high due to increasing health consciousness and demand for natural ingredients.

• Growing trend towards healthy lifestyle and natural ingredients

• Increasing demand for non-alcoholic beverages

• Rising popularity of functional drinks

• Growing market for energy drinks and sports drinks

• Potential for expansion into new markets and distribution channels

I have 5 years of experience as a BA and have worked on 2 core banking implementation projects.

• I have experience in gathering and documenting requirements for core banking systems.

• I have worked with stakeholders to ensure project goals are met within budget and timeline.

• I have experience in conducting user acceptance testing and training end-users.

• In my previous project, I worked on implementing a new loan origination system for a bank.

• In another project, I worked on upgradin...read more

Test cases are reported to stakeholders through detailed reports and presentations.

• Test cases are documented and organized in a clear and concise manner.

• Reports are created to summarize the test results and highlight any issues or concerns.

• Presentations are given to stakeholders to provide an overview of the testing process and results.

• Communication with stakeholders is ongoing throughout the testing process to ensure transparency and collaboration.

• Examples of test case repor...read more

To create a mortgage schedule using Excel, you can use the PMT function and create a table with columns for payment number, payment amount, principal, interest, and remaining balance.

• Use the PMT function to calculate the monthly mortgage payment based on the loan amount, interest rate, and loan term.

• Create a table with columns for payment number, payment amount, principal, interest, and remaining balance.

• Use formulas to calculate the principal and interest portions of each pa...read more

I have worked on several machine learning projects, including image recognition and natural language processing.

• Developed an image recognition model using convolutional neural networks

• Implemented a natural language processing algorithm for sentiment analysis

• Collaborated on a recommendation system using collaborative filtering

• Applied machine learning techniques to predict customer churn in a telecom company

Usage analytics can increase outreach by providing insights on user behavior and preferences.

• Analyze user data to identify patterns and trends

• Use analytics tools to track user engagement and conversion rates

• Segment users based on their behavior and preferences

• Tailor marketing campaigns and outreach strategies to target specific user segments

• Monitor the effectiveness of outreach efforts through analytics metrics

• Continuously optimize outreach strategies based on analytics insig...read more

Tangible assets are physical assets that have a measurable value and are used in business operations.

• Tangible assets are recorded on the balance sheet at their original cost minus any accumulated depreciation.

• Examples of tangible assets include buildings, equipment, vehicles, and land.

• The value of tangible assets can be affected by factors such as market demand, technological advancements, and wear and tear.

• Tangible assets are important for businesses as they can be used as c...read more

An organization is a group of people who work together towards a common goal or objective.

• Organizations can be for-profit or non-profit

• They can be structured hierarchically or flat

• They can have various departments or teams

• Examples include corporations, government agencies, and non-governmental organizations

Availability refers to the state of being ready for use or accessible. Invoices in accounting are used to track financial transactions. Rebates are discounts given after a purchase. Cash sales are transactions made with immediate payment. Rush orders are orders that need to be processed quickly.

• Availability is the state of being ready for use or accessible

• Invoices in accounting are used to track financial transactions

• Rebates are discounts given after a purchase

• Cash sales are ...read more

Estimating the yearly revenue of Cafeteria & Co.

• Analyze the average number of customers per day and multiply it by the average amount spent per customer

• Consider the number of operating days in a year

• Take into account any special events or promotions that may impact revenue

• Review historical financial data and trends

• Consider the competitive landscape and market conditions

The yearly revenue of my favorite restaurant in Cyber Hub, Gurgaon is estimated to be around INR 5 crore.

• The restaurant is located in Cyber Hub, Gurgaon.

• It is a popular dining destination known for its diverse cuisine.

• The restaurant has a seating capacity of 150 people.

• It operates from 12 pm to 11 pm every day.

• The average bill per person is around INR 1500.

• The restaurant is often fully booked during weekends and holidays.

• It offers both indoor and outdoor seating options.

• The r...read more

Swift payment flows refer to the process of transferring funds quickly and securely between financial institutions globally.

• Swift payment flows involve the sender initiating a payment instruction through their bank.

• The instruction is then sent to the recipient's bank via the SWIFT network.

• The recipient's bank verifies the payment details and credits the recipient's account.

• An example of an end-to-end payment flow is when a company in the US sends a wire transfer to a supplier...read more

A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or rate.

• Types 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 or on a specified date.

• Futures are contracts to buy or sell an asset at a future date for a price agreed upon today.

• Forwards are similar to futures but are customized contracts betwe...read more

I have extensive experience in cloud consulting, having worked with various clients to migrate their systems to the cloud.

• Assisted clients in selecting the appropriate cloud service provider based on their needs and budget

• Developed cloud migration strategies and provided guidance on best practices

• Implemented cloud-based solutions and provided ongoing support and maintenance

• Helped clients optimize their cloud infrastructure for cost and performance

• Examples: Migrated a client's...read more

Net worth of a company is calculated by subtracting its total liabilities from its total assets.

• Calculate the total assets of the company, including cash, investments, property, and equipment.

• Calculate the total liabilities of the company, including debts, loans, and other financial obligations.

• Subtract the total liabilities from the total assets to get the net worth of the company.

• Net worth = Total assets - Total liabilities

• Example: If a company has total assets of $1 millio...read more

Integrating Java code in production involves several steps.

• Ensure the code is properly tested and meets all requirements

• Package the code into a deployable format, such as a JAR file

• Deploy the code to the production environment

• Monitor the code for any issues or errors

• Perform regular maintenance and updates as needed

Collection is a framework that provides an architecture to store and manipulate a group of objects. StringBuilder and StringBuffer are classes used for manipulating strings, with StringBuffer being thread-safe.

• Collection is a framework in Java used to store and manipulate groups of objects.

• StringBuilder and StringBuffer are classes used for manipulating strings in Java.

• The main difference between StringBuilder and StringBuffer is that StringBuffer is thread-safe while StringB...read more