Interview Questions

The 4 key phases of business development are: Forming, Storming, Norming and Performing.

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

Website always has an address whether it has images, any information or any attchments in it or not but it must has an address. 

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.

Our response to this shouldn’t be a negative one. Instead, affirm the interviewers that we can work with a team or even individually. It does not matter if we are team member or a team leader, as long as we tell them what we can do then it surely helps.

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).

An inline function is a function that is expanded inline when invoked.ie. the compiler replaces the function call with the corresponding function code. An inline function is a function that is expanded in line when it is invoked. That is the compiler replaces the function call with the corresponding function code (similar to macro)