Interview Questions

Bank Rate is the interest rate at which the RBI allows finance to commercial banks. By Bank Rate, we mean bank can regulate the level of economic activity.

Overridden methods must have the same name, argument list, and return type (i.e., they must have the exact signature of the method we are going to override, including return type.)

The overriding method cannot be less visible than the method it overrides( i.e., a public method cannot be override to private).

The overriding method may not throw any exceptions that may not be thrown by the overridden method

Managerial Accounting is also called as Management accounting or Cost accounting. It is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers of an organization. Then that managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.

It is a process that recaculates the amount to pay an employess in the current period to account for retrospective changes that occurred in previous payroll periods.

Payroll systems accurately maintain data related to payroll processing. Familiarity with formal payroll systems and computerized software ensure the candidate has experience with current payroll technology.

• An Interpreter is a program that reads in as input a source program, along with data for the program, and translates the source program step by step.

The Java interpreter decodes each lines bytecode and runs a series of machine instructions for that bytecode. The JVM takes the byte code and generates machine code. The byte code is compiled to machine code, and the machine code is executed.

Cascade:

- Cascade process involves taking values from various other prompts.

- The result is a single report.

- The result is used when a criteria is to be implemented.

Drill Through:

- Drill Through process is implemented when navigation from summary to detailed information.

- Drill Through has a parent and a child report.

- Data of another report can be seen based on the current details of data.

Investment and asset are really close in meaning. Investment is when you put your money in stock, bond or other financial instruments. Whereas Asset is what you own generally reffered to land, proprietorship , factory, etc.