Management Intern

10+ Management Intern Interview Questions and Answers

Updated 5 Nov 2024

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Q1. What is a plan and what is an elevation in engineering design?

Ans.

A plan in engineering design is a horizontal view of a structure or object, while an elevation is a vertical view showing the height and depth.

  • A plan is a top-down view of a structure, showing the layout and dimensions.

  • An elevation is a side view of a structure, showing the height and depth.

  • Plans are typically used to show the layout of a building or object, while elevations show the vertical dimensions.

  • Both plans and elevations are essential in engineering design to accurate...read more

Q2. What are the different types of accounts in a bank?

Ans.

There are several types of accounts in a bank, including savings, checking, money market, and certificate of deposit (CD) accounts.

  • Savings accounts are designed for customers to save money and earn interest on their deposits.

  • Checking accounts are used for everyday transactions such as paying bills and making purchases.

  • Money market accounts offer higher interest rates than savings accounts but require higher minimum balances.

  • Certificate of deposit (CD) accounts require custome...read more

Management Intern Interview Questions and Answers for Freshers

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Q3. What is the difference between saving and a current account?

Ans.

Saving account is for saving money and earning interest while current account is for frequent transactions.

  • Saving account is meant for saving money and earning interest on it.

  • Current account is meant for frequent transactions and does not earn interest.

  • Saving account has a limit on the number of transactions per month while current account does not.

  • Saving account usually has a higher interest rate than current account.

  • Examples of saving accounts include fixed deposit accounts...read more

Q4. Are you capable to do cold calling and generate leads?

Ans.

Yes, I have experience in cold calling and lead generation.

  • I have worked in sales roles where cold calling was a key part of the job.

  • I am comfortable making calls and have developed effective scripts to generate leads.

  • I am skilled in identifying potential customers and tailoring my approach to their needs.

  • For example, in my previous role, I was able to generate 50 new leads per week through cold calling.

  • I am confident in my ability to meet and exceed any cold calling and lead...read more

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Q5. What is the classification of NPA in banks?

Ans.

NPA in banks are classified into three categories based on the period of non-payment.

  • NPA stands for Non-Performing Asset.

  • The classification of NPA is based on the period of non-payment - sub-standard, doubtful, and loss.

  • Sub-standard assets are those which have remained NPA for a period less than or equal to 12 months.

  • Doubtful assets are those which have remained in the sub-standard category for a period of 12 months.

  • Loss assets are those where loss has been identified by the ...read more

Q6. What was biggest lowpoint?

Ans.

My biggest lowpoint was when I failed to meet a project deadline due to unforeseen circumstances.

  • Failed to meet a project deadline

  • Unforeseen circumstances led to the failure

  • Learned the importance of effective time management and contingency planning

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Q7. What is the current repo rate?

Ans.

The current repo rate in India is 4.00%.

  • The Reserve Bank of India (RBI) reduced the repo rate by 115 basis points in 2020 to support the economy during the COVID-19 pandemic.

  • Repo rate is the rate at which RBI lends money to commercial banks.

  • A lower repo rate makes borrowing cheaper for banks, which can then pass on the benefits to customers by reducing interest rates on loans.

  • The current reverse repo rate is 3.35%, which is the rate at which RBI borrows money from commercial ...read more

Q8. What safety norms were followed at site

Ans.

Safety norms at the site included wearing personal protective equipment, regular safety training, and emergency response drills.

  • Wearing personal protective equipment such as helmets, gloves, and safety shoes

  • Regular safety training sessions for all employees on site

  • Conducting emergency response drills to prepare for any potential accidents

  • Strict adherence to safety protocols outlined by regulatory authorities

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Q9. One instance where you did a RCA

Ans.

I conducted a Root Cause Analysis (RCA) to identify the underlying reasons for a recurring issue.

  • Identified the problem or issue that needed to be investigated

  • Gathered relevant data and information related to the problem

  • Analyzed the data to determine the root cause of the issue

  • Developed and implemented solutions to address the root cause

  • Monitored the effectiveness of the solutions to ensure the issue did not recur

Q10. Explain all levels of effective SCM in a hospital

Ans.

Effective SCM in a hospital involves managing the flow of goods, services, and information from suppliers to patients.

  • Strategic planning and forecasting to ensure adequate inventory levels

  • Efficient procurement processes to obtain necessary supplies and equipment

  • Effective logistics management to ensure timely delivery of goods and services

  • Collaboration with suppliers to improve quality and reduce costs

  • Accurate data management and analysis to optimize supply chain performance

  • Co...read more

Q11. Show us vlookup

Ans.

VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value.

  • VLOOKUP stands for 'Vertical Lookup'

  • It is used to search for a value in the first column of a table and return a value in the same row from a specified column

  • Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

  • Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searches for the value in cell A2 in the first column of the range B2:D10 and returns the value in the 3...read more

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