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Q:

What do you think you will be doing during your first year in investment banking?

Answer

Much of your answer to this question will depend on your role – so do some careful research into your chosen department. In M&A, you might spend much of your time on financial models related to the deals you’re working on, while in a trading role you might start out by assisting more senior members of the team before being given the chance to manage a trading book yourself. Beyond that, it’s important to show that you’ll be keen to take on responsibilities, but that you also recognise that your first year is about learning the ropes, usually means include following instructions from others and completing some mundane tasks.

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Subject: Bank Interview

Q:

Why do you think you’re suited to a career in investment banking?

Answer

As you’re interested in a career in banking, plenty of reasons should spring to mind, and if they don’t you should consider choosing another path! Often students are attracted to the intellectual challenges and high-profile nature of the dealings of the finance world, the fast pace of the work here, and the rewards on offer, all of which are very valid reasons for applying to a bank. But they’re also valid reasons for applying for jobs in other parts of the finance world, so make sure you explain why you want a job at a bank, and in your chosen area in particular. Perhaps you’re keen for the broad and deep financial training and prestigious experience that only a leading bank can offer?


Your interviewers may also ask if anything puts you off banking. If you have any real doubts, an interview is not the place to air them, but it’s a great idea to show that you’ve considered the difficulties the industry is currently going through before choosing to make an application. You might say that you’re attracted to the particular professional challenges and opportunities a period of flux in an industry can offer.

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Subject: Bank Interview

Q:

What have you learned from your studies that can be applied to a career in investment banking?

Answer

You might initially think that if you haven’t done a degree in finance or economics you haven’t got very much to offer an investment bank, but you’d be wrong. Any numerate discipline will have given you a mathematical toolkit that will come in useful in technical banking work, and any good degree proves that you’re intelligent, hardworking, and effective under pressure. Extra-curricular activities may have given you a wealth of other skills that are valuable at an investment bank, such as being able to juggle a number of commitments and work with others.

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Subject: Bank Interview

Q:

What are the benefits achieved by computerized payroll system?

Answer

With the computerised payroll systems -


=>You saved a lot of your time,
=>Your accuracy and efficiency is increased by many times.
=>Your are free from small and small human mistakes in calculation and linking etc.
=>Once master data is updated(CTC,Reimbursement), rest is taken care by the systems once input is given as and when salary is processed.
=>Better control is exercised.

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Q:

What do you understand by Variance Report in payroll?

Answer

Variance Report is to know what is the difference between last month salary and the current month salary you can also check in that report all input which you have considered its captured or not

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Q:

A fort had provision of food for 150 men for 45 days. After 10 days, 25 men left the fort. The number of days for which the remaining food will last, is:

A) 29 B) 37
C) 42 D) 54
 
Answer & Explanation Answer: C) 42

Explanation:

After 10 days : 150 men had food for 35 days.

 

Suppose 125 men had food for x days.

 

Now, Less men, More days (Indirect Proportion)

 

 125 : 150 :: 35 : x       125 x x = 150 x 35

 

 x=150×35125=42

 

 

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Filed Under: Chain Rule

Q:

Running at the same constant rate, 6 identical machines can produce a total of 270 bottles per minute. At this rate, how many bottles could 10 such machines produce in 4 minutes?

A) 648 B) 1800
C) 2700 D) 10800
 
Answer & Explanation Answer: B) 1800

Explanation:

Let the required number of bottles be x.

More machines, More bottles (Direct Proportion)

More minutes, More bottles (Direct Proportion)

 machines6:10time(in min)1:4  270:x 

 

=> 6 * 1 * x = 10 * 4 * 270

=> x= 1800

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Filed Under: Chain Rule

Q:

10 men, working 6 hours a day can complete a work in 18 days. How many hours a day must 15 men work to complete the work in 12 days ?

A) 4 hours a day B) 5 hours a day
C) 6 hours a day D) 7 hours a day
 
Answer & Explanation Answer: C) 6 hours a day

Explanation:

More Men, Less Hours {Indirect Proportion}

Less Days, More Hours {Indirect Proportion}

 men15 : 10days12 : 18  6:x

 

=> 15 * 12 * x = 10 * 18 * 6

=>x = 6

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Filed Under: Chain Rule