Interview Questions

Q:

What is ‘Amortization’?

Answer

The repayment of the loan by instalment to cover principal amount with interest is known as ‘Amortization’.


 

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Subject: Bank Interview

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Q:

What are virtual functions?

Answer

Polymorphism is also achieved in C++ using virtual functions. If a function with same name exists in base as well as parent class, then the pointer to the base class would call the functions associated only with the base class. However, if the function is made virtual and the base pointer is initialized with the address of the derived class, then the function in the child class would be called.

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Subject: C++

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Q:

Differentiate between realloc() and free().

Answer

- Free() - A block of memory previously allocated by the malloc subroutine is freed by free subroutine. Undefined results come out if the Pointer parameter is not a valid pointer. If the Pointer parameter is a null value, no action will take place.


- Realloc() - This subroutine changes the size of the block of memory pointed to by the Pointer parameter to the number of bytes specified by the Size parameter and returns a new pointer to the block. The pointer specified by the Pointer parameter must be created with the malloc, calloc, or realloc subroutines and should not be deallocated with the free or realloc subroutines. Undefined results show up if the Pointer parameter is not a valid pointer.

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Subject: C++

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Q:

What were your starting and final levels of compensation?

Answer

Interviewers expect a candidate for employment to be able to provide the details of their compensation history. Be prepared to tell the interviewer how much you earned at each of your prior positions.


Make sure that what you tell the interviewer matches what you listed on your job application. Refresh your memory prior to the interview by reviewing your salary history, so, you can speak in detail and accurately. Don't exaggerate or inflate your earnings. Many employers will check references and confirm your salary history prior to making a job offer. A discrepancy between what you reported and what the employer says could knock you out of contention for the job.

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Subject: Work History

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Q:

Marketing organisation:

As a consultant, what advice would you give a company while setting up its marketing department?

Answer

As a consultant , I would:


• Recommend structuring of the marketing department as per the demands of the different tasks, roles and responsibilities keeping in mind the cost(budget) factor as long as it fits within the budget of the company.


• Finding out and establishing the level of skills, duties and responsibilities of the employees via job descriptions and job specifications.


• Proper and regular supervision of the department to ensure its smooth functioning


• Determine the marketing functions of the department as per the requirements (advertising,distribution channels,promotional activities)

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Q:

Explain how to handle exceptional conditions in CICS?

Answer

An abnormal situation during execution of a CICS command is called an exceptional condition:


1. Handle Condition Command: It is used to transfer control to the procedure label specified if the exceptional condition specified occurs.


2. Ignore Condition Command: It causes no action to be taken if the condition specified occurs in the program. That is control will be returned to the next instruction following the command which encountered the exceptional condition.


3. No Handle Option: This option can be specified in any CICS command and it will cause no action to be taken for any exceptional condition occurring during execution of this command.


4. RESP Option: This option can be specified in any CICS command. If the RESP option is specified in a command, CICS places a response code at a completion of the command. The application program can check this code, then proceed to the next processing.

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Q:

Internal controls are concerned with

A) the extent of government regulations B) preparing income tax returns
C) safeguarding assets D) only manual systems of accounting
 
Answer & Explanation Answer: C) safeguarding assets

Explanation:

Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

 

Internal control is all of the policies and procedures management uses to achieve the following goals.

  • Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.

 

  • Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.

 

  • Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.

 

  • Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

 

  • Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.

 

Hence, Internal controls are concerned with safeguarding assets.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

What methods have you used to gain commitment from your team?

Answer

Tips :


In order to achieve the commitment, leaders have to request and convince the team to set goals and put them into the process. The cooperative spirit and solidarity for goal achievement are created by the leaders. The team is led into the implementing period as quickly as possible. The argument and ideas from all stakeholders need to be praised. In order to have a success and brilliant commitment, they must express their passionate personal commitment and boost a useful cultivation by highly evaluating individuals’ value and their contributions.

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