1000+ Senior Associate Interview Questions and Answers

I have worked on various projects, including RFPs and EOIs. I am familiar with different types of RFPs, including fixed cost RFPs.

• I have experience working on projects that involve responding to RFPs and EOIs.

• I am familiar with different types of RFPs, such as open RFPs, closed RFPs, and sealed RFPs.

• I have worked on fixed cost RFPs, where the budget is predetermined and the vendor must work within that budget.

• EOI stands for Expression of Interest, which is a document used to ...read more

AML is a set of regulations and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.

• AML is a regulatory framework that aims to prevent money laundering and terrorist financing.

• The three stages involved in the AML process are: identification, monitoring, and reporting.

• Identification involves verifying the identity of customers and assessing their risk level.

• Monitoring involves ongoing scrutiny of transactions to detect suspici...read more

Environmental and social issues faced by cement industry

• Air pollution from dust and emissions

• Water pollution from wastewater and runoff

• Land degradation and habitat destruction from quarrying

• Occupational health and safety concerns for workers

• Community health impacts from exposure to pollutants

• Social and economic impacts on local communities

• Carbon emissions contributing to climate change

• Waste management and disposal

• Resource depletion and unsustainable use of raw materials

Copay and coinsurance are healthcare terms related to the amount a patient pays for medical services.

• Copay is a fixed amount that a patient pays for a specific medical service, such as a doctor's visit or prescription medication.

• Coinsurance is a percentage of the cost of a medical service that a patient pays after meeting their deductible.

• For example, a patient may have a $20 copay for a doctor's visit and a 20% coinsurance for a hospital stay after meeting their deductible.

• C...read more

American distribution method focuses on mass distribution and convenience, while European distribution method emphasizes quality and personalized service.

• American distribution method typically involves larger warehouses and distribution centers to cater to a larger market.

• European distribution method often includes smaller, more localized distribution centers to provide personalized service to customers.

• American distribution method relies heavily on online shopping and fast d...read more

I will handle end to end Accounts Payable activities by effectively communicating with customers, conducting GRIR analysis, and monitoring KPIs.

• Communicate with customers to resolve any issues or discrepancies in invoices or payments

• Conduct regular GRIR (Goods Receipt/Invoice Receipt) analysis to ensure accuracy of accounts payable balances

• Monitor key performance indicators (KPIs) such as invoice processing time, payment accuracy, and vendor satisfaction

• Implement process impr...read more

Bonds are debt securities issued by companies or governments to raise capital. Different types include corporate bonds, municipal bonds, and treasury bonds.

• Bonds are essentially loans that investors give to companies or governments in exchange for periodic interest payments and the return of the bond's face value at maturity.

• Corporate bonds are issued by corporations to raise capital for various purposes, such as expansion or acquisitions.

• Municipal bonds are issued by state a...read more

Hedge funds are investment funds that pool capital from accredited individuals or institutional investors and use various strategies to generate high returns.

• Hedge funds typically have high minimum investment requirements and are only available to accredited investors.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can invest in a wide range of assets, including stocks, bonds, commodities, and real estate.

• Common hedge fund strategies include long/short ...read more

Dirty price includes accrued interest while clean price does not.

• Dirty price includes accrued interest that the buyer must pay to the seller on top of the bond's market price.

• Clean price is the market price of the bond without the accrued interest added.

• The difference between the dirty price and the clean price is the accrued interest.

• For example, if a bond has a clean price of $1,000 and accrued interest of $20, the dirty price would be $1,020.

Regular maintenance, proper installation, and using high-quality components can reduce breakdown in machines.

• Regular maintenance can prevent wear and tear on machines

• Proper installation ensures that machines are set up correctly and reduces the risk of malfunctions

• Using high-quality components can increase the lifespan of machines and reduce the risk of breakdowns

• Implementing safety measures can prevent accidents that can damage machines

• Monitoring machines for signs of wear a...read more

I conduct requirement analysis for iOS apps by gathering user needs, defining features, prioritizing requirements, and creating user stories.

• Gather user needs through interviews, surveys, and feedback

• Define features based on user requirements and business goals

• Prioritize requirements based on importance and feasibility

• Create user stories to outline specific functionality and interactions

• Use tools like Jira or Trello to manage and track requirements

Factors driving energy prices include supply and demand, geopolitical tensions, weather patterns, and government policies.

• Supply and demand imbalances can cause prices to fluctuate

• Geopolitical tensions can disrupt supply chains and lead to price spikes

• Weather patterns can affect production and transportation of energy

• Government policies such as taxes and regulations can impact prices

• Emerging technologies and alternative energy sources can also influence prices

Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders or securities.

• Types of corporate actions include dividends, stock splits, mergers and acquisitions, rights issues, and spin-offs.

• Dividends are payments made to shareholders from a company's profits.

• Stock splits involve dividing existing shares into multiple shares to lower the price per share.

• Mergers and acquisitions occur when two companies combine or one company buys an...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors buy shares of the mutual fund, which represent a portion of the holdings of the fund.

• People invest in mutual funds to diversify their investment portfolio, reduce risk, and access professional management.

• Mu...read more

AML focuses on identifying and preventing money laundering, while KYC focuses on verifying the identity of customers.

• AML stands for Anti-Money Laundering, while KYC stands for Know Your Customer.

• AML is a set of laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income, while KYC is a process of verifying the identity of customers to ensure they are who they claim to be.

• AML is more concerned with the source of...read more

Clinical pharmacists work directly with healthcare providers to ensure that patients receive the most appropriate medication therapy.

• Reviewing patient medication regimens for safety and efficacy

• Providing drug information to healthcare providers and patients

• Monitoring patients for medication-related problems and adverse effects

• Collaborating with healthcare team to develop treatment plans

• Participating in patient education and counseling

• Conducting medication therapy management s...read more

Core Java is a programming language, Spring Boot is a framework for building web applications, and Microservices is an architectural style for building distributed systems.

• Core Java is used for developing standalone applications and is the foundation for many other Java frameworks.

• Spring Boot is a popular framework for building web applications that simplifies the development process.

• Microservices is an architectural style for building distributed systems where each service i...read more

The process of car bumper design & development involves concept ideation, prototyping, testing, and production.

• Concept ideation involves brainstorming and sketching out ideas for the bumper design.

• Prototyping involves creating a physical model of the bumper design to test its functionality and aesthetics.

• Testing involves subjecting the prototype to various tests such as crash tests, durability tests, and environmental tests.

• Production involves finalizing the design and manufa...read more

Remove duplicates from a list of objects.

• Create a new empty list.

• Iterate through the original list.

• For each object, check if it is already in the new list.

• If not, add it to the new list.

• Return the new list without duplicates.

The latest version has new features and improvements compared to the old version. End-to-end installation involves a complete installation process from start to finish.

• The latest version has new features and improvements compared to the old version

• End-to-end installation involves a complete installation process from start to finish

• Old version may have compatibility issues with newer hardware or software

• New version may have better security features

• New version may have improved...read more

Installation and configuration of Hyperion Planning essbase and Hyperion Financial Management.

• Ensure all system requirements are met before installation

• Install and configure Hyperion Planning essbase and Hyperion Financial Management software

• Configure database connections and security settings

• Test the installation and configuration to ensure proper functionality

• Provide training and support to end-users

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

• Banks accept deposits from customers and use that money to make loans and investments.

• They provide various financial services such as checking accounts, savings accounts, credit cards, and loans.

• Banks also play a crucial role in the economy by facilitating the flow of money and credit.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

CAPA stands for Corrective and Preventive Action. It is a process used to investigate and address complaints in the current market.

• CAPA is a systematic approach to identifying the root cause of a problem and taking corrective and preventive actions to prevent it from recurring.

• It involves investigating the complaint, identifying the cause, implementing corrective actions, and monitoring the effectiveness of those actions.

• Examples of CAPA include implementing new procedures, t...read more

I performed testing by utilizing various unit testing modules such as JUnit and Mockito.

• Utilized JUnit for testing individual units of code

• Used Mockito for mocking dependencies in unit tests

• Implemented test cases to ensure proper functionality and identify bugs

Questionnaires are designed based on research objectives and client requirements. Client involvement is crucial in finalization.

• Identify research objectives and target audience

• Develop questions that are clear, concise, and unbiased

• Use appropriate question types (open-ended, closed-ended, etc.)

• Test the questionnaire for clarity and effectiveness

• Client involvement is important in finalizing the questionnaire

Accounting concepts and principles are the foundational guidelines for the preparation and presentation of financial statements.

• Accounting concepts are basic assumptions, rules, and guidelines that underlie the preparation of financial statements.

• Accounting principles are the rules and guidelines that companies must follow when reporting financial data.

• Examples of accounting concepts include going concern, consistency, and materiality.

• Examples of accounting principles include...read more

List vs Tuple and use case for Tuple

• List is mutable while Tuple is immutable

• List uses square brackets while Tuple uses parentheses

• Tuple is used when data needs to be protected from modification

• Tuple is also used for returning multiple values from a function

Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities. Hedge funds are actively managed investment funds that use a variety of strategies to achieve high returns. Private equity involves investing in privately held companies or buying out public companies to take them private.

• Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities.

• Hedge funds are actively managed investment funds that use ...read more

Code to list even numbers from a given list of 10 numbers.

• Loop through the list of numbers

• Check if each number is even using the modulo operator

• If the number is even, add it to a new list of even numbers

• Return the new list of even numbers

Planning helps organizations achieve their goals and objectives. Planning analytics can be used to analyze data and make informed decisions.

• Planning helps organizations set goals and objectives

• Planning helps organizations allocate resources effectively

• Planning helps organizations anticipate and prepare for potential challenges

• Planning analytics can be used to analyze data and make informed decisions

• Planning analytics can help organizations identify trends and patterns

• Planning...read more

BRD stands for Business Requirements Document which outlines the business solution for a project. It is different from FRD which focuses on functional requirements.

• BRD defines the business solution and the business needs that drive the project.

• BRD includes information on business objectives, scope, stakeholders, risks, assumptions, constraints, and success criteria.

• FRD focuses on the functional requirements of the system, detailing how the system should behave.

• FRD includes de...read more

Active Directory is a directory service developed by Microsoft for Windows domain networks.

• Centralized database for managing network resources such as computers, users, and printers

• Provides authentication and authorization for users and computers in a Windows domain network

• Allows administrators to set policies, deploy software, and apply updates across the network

• Supports single sign-on for users to access multiple resources with one set of credentials

ServiceNow is a cloud-based platform that helps organizations manage their IT services and automate workflows.

• ServiceNow is used for IT service management, asset management, and IT operations management.

• Tasks performed using ServiceNow include incident management, change management, problem management, and service catalog management.

• It helps streamline processes, improve efficiency, and enhance communication within an organization.

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities. Capital markets are where buyers and sellers trade financial securities.

• Mutual funds are managed by professional fund managers who invest the pooled money into stocks, bonds, or other securities.

• Investors in mutual funds own shares of the fund, which represent a portion of the holdings of the fund.

• Capital markets are where companies and governments ...read more

The cyber kill chain is a framework used to describe the stages of a cyber attack, from initial reconnaissance to data exfiltration.

• The cyber kill chain consists of seven stages: reconnaissance, weaponization, delivery, exploitation, installation, command and control, and actions on objectives.

• Each stage represents a different step in the attack lifecycle, with the ultimate goal of achieving the attacker's objectives.

• By understanding the cyber kill chain, security analysts ca...read more

The interview covered topics such as stroke, cranial nerves, gout, arthritis, ECG and EEG, anti-diabetic drugs, and diabetes mellitus.

• Stroke can be classified into two types: ischemic and hemorrhagic.

• There are 12 pairs of cranial nerves that originate from the brain and control various functions such as vision, hearing, and facial movements.

• Gout is a type of arthritis caused by the buildup of uric acid crystals in the joints.

• Arthritis is a general term for inflammation of the...read more

Different types of mobile testing include functional testing, performance testing, security testing, usability testing, and compatibility testing.

• Functional testing ensures that the app meets the specified requirements.

• Performance testing checks the app's speed, stability, and scalability.

• Security testing identifies vulnerabilities and ensures data protection.

• Usability testing evaluates the app's user-friendliness.

• Compatibility testing checks the app's compatibility with diff...read more

Derivatives are financial instruments whose value is derived from an underlying asset. Examples include forward contracts, futures contracts, options, and the Black-Scholes model.

• Derivatives are financial instruments that derive their value from an underlying asset, such as stocks, bonds, commodities, or currencies.

• An example of a derivative is a forward contract, which is an agreement between two parties to buy or sell an asset at a specified price on a future date.

• A forward...read more

Reverse input tax credit on fixed assets and expenses for nill rate supply

• Identify the fixed assets and expenses for which input tax credit needs to be reversed

• Calculate the amount of input tax credit to be reversed

• Reverse the input tax credit in the accounting records

• Adjust the tax liability accordingly

Spring Boot uses Bean Life cycle methods to manage the creation and destruction of beans in the application context.

• Spring container instantiates the bean by calling the default constructor or a static factory method.

• Spring sets the bean properties and dependencies using setters or constructor injection.

• If the bean implements InitializingBean interface, the afterPropertiesSet() method is called.

• If the bean has init-method specified in the configuration, that method is called....read more

Different types of detection logic in SCCM include file system detection, registry detection, and WMI detection.

• File system detection: Checks for the existence of a file or folder on the target system.

• Registry detection: Checks for a specific registry key or value on the target system.

• WMI detection: Uses Windows Management Instrumentation to query information from the target system.

• Custom script detection: Allows for the execution of a custom script to determine if a conditio...read more

DDP, DPP, and process property are different concepts in the field of data analysis and management.

• DDP stands for Data Distribution Protocol, which is used for distributing data across multiple nodes in a network.

• DPP stands for Data Processing Pipeline, which is a series of data processing steps that are executed in a specific order.

• Process property refers to the characteristics or attributes of a data processing operation, such as its efficiency, accuracy, and scalability.

ROAS for leads campaigns is calculated by dividing the revenue generated by the cost of the campaign.

• Calculate the total revenue generated from the leads campaign.

• Calculate the total cost of the campaign, including ad spend and any other expenses.

• Divide the revenue by the cost to get the ROAS.

• For example, if a leads campaign generated $10,000 in revenue and cost $2,000 to run, the ROAS would be 5 ($10,000 / $2,000).

Types of joins and their differences

• Inner join: returns only the matching rows from both tables

• Left join: returns all rows from the left table and matching rows from the right table

• Right join: returns all rows from the right table and matching rows from the left table

• Full outer join: returns all rows from both tables, with NULL values in place of non-matching rows

• Cross join: returns the Cartesian product of both tables

• The difference between them is in the way they handle non-...read more

Time decay in options and derivatives refers to the decrease in the value of an option as it approaches its expiration date.

• Time decay is also known as theta decay, as it is represented by the Greek letter theta in options pricing models.

• Options lose value over time due to the diminishing likelihood of the option being profitable for the holder.

• Time decay accelerates as the expiration date approaches, especially for options with a shorter time to expiration.

• Traders can use st...read more

System drive and Boot drive are different in terms of their functionality and purpose.

• System drive contains the operating system files and other system-related files.

• Boot drive is the drive from which the computer boots up.

• System drive can be different from the Boot drive.

• For example, in a dual-boot system, each operating system may have its own system and boot drives.

Capacity planning involves analyzing current and future resource needs to ensure optimal performance and efficiency.

• Assess current resource utilization and performance levels

• Forecast future demand based on historical data and growth projections

• Identify potential bottlenecks or areas of inefficiency

• Allocate resources accordingly to meet demand without over-provisioning

• Regularly review and adjust capacity plans as needed