Interview Questions

3 way matching is to compare three documents i.e., 

1. Purchase order

2. Receipt of Items/Packing slip 

3. Invoice. 

For example, if we Order for 50 Items in purchase order and received 40 Items only instead of 50 items. But we received invoice for 50 items. After comparing the three documents we pay for only 40 Items..

Cloud computing is a metaphor used for internet. It provides on-demand access to virtualized IT resources that can be shared by others or subscribed by you. It provides an easy way to provide configurable resources by taking it from a shared pool. The pool consists of networks, servers, storage, applications and services.

When communicating complex ideas, you keep your message simple and straightforward – avoiding technical jargon and overusing statistics. You don’t expect people to have the same background knowledge as you and are careful to introduce your idea in clear, concise terms. You find that giving examples, using pictures and graphs helps clarify difficult concepts and can be useful as people have different learning styles. You always encourage questions and if somebody is having difficulty understanding, you are quick to adapt your style.

1. Zero infrastructure investment : Cloud architecture provide user to build large scale system with full hardware, machines, routers, backup and other components. So, it reduces the startup cost of the business. 

2. Just-in-time Infrastructure : It is very important to scale the infrastructure as the demand rises. This can be done by taking cloud architecture and developing the application in the cloud with dynamic capacity management. 

3. More efficient resource utilization : Cloud architecture provides users to use their hardware and resource more efficiently and utilize it in a better way. This can be done only by applications request and relinquish resources only when it is needed (on-demand).

EFT-Electronic Funds Transfer is basically batch of payments are transferring from one bank to another bank with specified time lines.  EFT payments are also called as BACS if it is UK, ACH in US for domestic payments.  Foreign payments are called as SWIFT payments.

WIRE: Wire can be used to release payments for local or international, Different countries will be named in different ways viz., CHAPS for Local Payments made in UK, WIRE for all international payments made from UK and Local & foreign payments made in all other countries

One. If there is only one entry possible in the bucket, when the collision occurs, there is no way to accommodate the colliding value. This results in the overlapping of values

Return Code in JCL can b obtained by the use of COND paramater...it is used to know the return codes of previous steps.