20+ Junior Associate Interview Questions and Answers for Freshers

Reverse Repo Rate and Repo Rate are monetary policy tools used by Reserve Bank of India to control inflation and liquidity in the economy.

• Repo Rate is the rate at which RBI lends money to commercial banks in case of shortage of funds.

• Reverse Repo Rate is the rate at which RBI borrows money from commercial banks.

• Both rates are used to control inflation and liquidity in the economy.

• If RBI wants to increase liquidity, it reduces Repo Rate and if it wants to decrease liquidity, i...read more

Financial system is a network of institutions, markets, and intermediaries that facilitate the flow of funds between savers and borrowers.

• Regulatory bodies include SEC, FDIC, CFTC, OCC, and Federal Reserve

• SEC regulates securities markets and protects investors

• FDIC insures deposits in banks and savings associations

• CFTC regulates futures and options markets

• OCC supervises and regulates national banks

• Federal Reserve regulates monetary policy and oversees the banking system

Pivot Table is a data summarization tool in MS Excel.

• It allows users to quickly summarize and analyze large amounts of data.

• Users can easily group and filter data based on different criteria.

• Pivot Tables can be used to create charts and graphs for visual representation of data.

• Example: A sales report can be summarized by product, region, and time period using Pivot Table.

• Example: A survey data can be analyzed by age group, gender, and location using Pivot Table.

H-Lookup and V-Lookup are functions in MS Excel used to search for specific data in a table.

• H-Lookup searches for data in a horizontal row and returns a corresponding value from a specified column.

• V-Lookup searches for data in a vertical column and returns a corresponding value from a specified row.

• Both functions require a reference table and a lookup value.

• They are commonly used in data analysis and management.

• Example: H-Lookup can be used to find the price of a specific ite...read more

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• It helps individuals and businesses manage risk by transferring the risk to the insurance company.

• Insurance also provides peace of mind and can help individuals and businesses recover from financial losses.

• Examples of insurance include health insurance, car...read more

It is not possible to accurately calculate the number of auto-rickshaws in a city without proper data.

• The number of auto-rickshaws in a city can vary greatly depending on factors such as population, demand, and regulations.

• Data on the number of registered auto-rickshaws can be obtained from the local transport authority.

• However, this may not account for unregistered or illegal auto-rickshaws.

• Estimates can be made based on the number of auto-rickshaw stands or the frequency of...read more

Answers to questions related to energy types, Ohm's law, and engine strokes.

• Different types of energies include kinetic, potential, thermal, electrical, and chemical.

• Ohm's law states that the current through a conductor between two points is directly proportional to the voltage across the two points.

• 2-stroke engines have a power stroke every revolution, while 4-stroke engines have a power stroke every other revolution.

Macro is a set of instructions that automate repetitive tasks in MS Word.

• Macros can be recorded or written in Visual Basic for Applications (VBA)

• They can be assigned to a button or keyboard shortcut for easy access

• Examples of tasks that can be automated with macros include formatting, inserting text, and running spell check

• Macros can save time and increase productivity for users who frequently perform the same tasks in Word

Use JavaScript to switch on and off a bulb with one button.

• Create a variable to store the state of the bulb (on/off)

• Add an event listener to the button

• Toggle the state of the bulb variable on each button click

• Update the bulb image or class based on the state of the bulb variable

To create a table using HTML, color one row, and merge specific columns, use <table>, <tr>, <td>, and <th> tags with CSS styling.

• Create a table using <table>, <tr>, <td>, and <th> tags

• Color one row using CSS by targeting the <tr> element with a specific class or inline style

• Merge specific columns using the colspan attribute in the <td> or <th> tags

Terms and conditions refer to the rules and regulations that govern a particular agreement or contract.

• Terms and conditions outline the rights and responsibilities of both parties involved in the agreement.

• They may include clauses related to payment, delivery, warranties, and liability.

• It is important to read and understand the terms and conditions before agreeing to any contract.

• Failure to comply with the terms and conditions may result in legal consequences.

• Examples of term...read more

Endowment policy provides both insurance and savings, while term insurance only provides insurance coverage.

• Endowment policy pays out a lump sum at the end of the policy term, while term insurance pays out only in case of death during the policy term.

• Endowment policy premiums are higher than term insurance premiums due to the savings component.

• Endowment policy is suitable for those who want both insurance and savings, while term insurance is suitable for those who only want i...read more

Hydraulic power is used to generate electricity by harnessing the energy of falling water.

• Water is stored in a reservoir and released through a dam to turn a turbine.

• The turbine is connected to a generator which converts the mechanical energy into electrical energy.

• The electricity is then transmitted through power lines to homes and businesses.

• Hydroelectric power is a renewable energy source that produces no greenhouse gas emissions.

• Examples of hydraulic power plants include ...read more

Star pattern is a common programming exercise to print a pattern of stars in a specific shape.

• Use nested loops to print the desired number of rows and columns.

• Use if-else statements to determine when to print a star or a space.

• Experiment with different loop conditions and print statements to create different patterns.

I have used a variety of development tools throughout my career.

• I have experience with IDEs such as Visual Studio, Eclipse, and Xcode.

• I have used version control systems like Git and SVN.

• I am familiar with build tools like Maven and Gradle.

• I have worked with debugging tools such as Chrome Developer Tools and Xdebug.

• I have used testing frameworks like JUnit and Selenium.

• I have experience with project management tools like Jira and Trello.

FV stands for Future Value and PV stands for Present Value.

• FV is the value of an asset or investment at a specified date in the future, based on the expected growth rate.

• PV is the current value of a future sum of money or stream of cash flows, discounted at a specific rate.

• FV and PV are commonly used in finance and accounting to calculate the value of investments, loans, and annuities.

• For example, if you invest $100 today at a 5% annual interest rate, the FV after one year wo...read more

Yes, I am familiar with crypto.

• I have knowledge about cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

• I understand the concept of blockchain technology and how it is used in cryptocurrencies.

• I am aware of the potential benefits and risks associated with investing in cryptocurrencies.

• I have basic knowledge of how to buy, sell, and store cryptocurrencies.

• I am familiar with popular cryptocurrency exchanges and wallets.

An object is a real-world entity that has state and behavior.

• Objects are instances of classes in object-oriented programming.

• They have attributes (data) and methods (functions).

• For example, a car object may have attributes like color, model, and speed, and methods like accelerate and brake.

International accounting refers to the accounting standards and practices used in multiple countries to facilitate global business transactions.

• Involves understanding and applying different accounting standards and regulations across countries

• Requires knowledge of currency exchange rates and international tax laws

• Helps companies compare financial performance across borders and comply with international reporting requirements

• Examples include IFRS (International Financial Repor...read more

OOPS concepts refer to Object-Oriented Programming principles like Inheritance, Encapsulation, Polymorphism, and Abstraction.

• Inheritance: Allows a class to inherit properties and behavior from another class.

• Encapsulation: Bundling data and methods that operate on the data into a single unit.

• Polymorphism: Ability to present the same interface for different data types.

• Abstraction: Hiding the complex implementation details and showing only the necessary features.

Stored procedure is a precompiled set of SQL statements that can be executed repeatedly.

• Stored procedure is stored in a database and can be called by applications or other stored procedures.

• It can accept input parameters and return output parameters or result sets.

• It can improve performance by reducing network traffic and optimizing query execution.

• Example: sp_GetCustomerById can be a stored procedure that retrieves customer details by customer ID.

• Example: sp_InsertOrder can ...read more

Polymorphism is the ability of a single function or method to operate on different types of data.

• Polymorphism allows objects of different classes to be treated as objects of a common superclass.

• There are two types of polymorphism: compile-time (method overloading) and runtime (method overriding).

• Example: Inheritance in object-oriented programming languages like Java allows for polymorphism.

• Example: Overloading a method with different parameter types is a form of compile-time ...read more

Vlookup is used in Excel to search for a value in a table and return a corresponding value. Adding sum with $ refers to using absolute references in formulas.

• Vlookup function searches for a value in the first column of a table and returns a value in the same row from a specified column.

• To add sum with $ in Excel, use absolute references by adding $ before the column letter and row number in a formula.

• Example: =VLOOKUP(A2, B:C, 2, FALSE) - This formula searches for the value i...read more

TCS (Tata Consultancy Services) is a multinational IT services and consulting company headquartered in India.

• Founded in 1968 by Tata Group

• One of the largest IT services firms in the world

• Provides services in areas like IT consulting, software development, and business process outsourcing

• Has a global presence with offices in multiple countries

• Known for its innovation and digital transformation solutions

Inheritance use form

• Inheritance is a way to create a new class from an existing class

• The new class inherits all the properties and methods of the existing class

• The new class can also add its own properties and methods

• Example: A class Animal can be inherited by a class Dog, which can add its own properties like breed and methods like bark