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Ques:- What is a web service and how does it relate to an API
Right Answer:
A web service is a standardized way of allowing different applications to communicate over the internet using protocols like HTTP. It provides a method for applications to exchange data and perform operations. An API (Application Programming Interface) is a set of rules and tools that allows different software applications to interact with each other. A web service is a type of API that specifically uses web protocols to enable this interaction.
Ques:- What is API versioning and why is it important
Right Answer:
API versioning is the practice of managing changes to an API by assigning version numbers to different iterations of the API. It is important because it allows developers to introduce new features or make changes without breaking existing client applications that rely on older versions, ensuring backward compatibility and a smoother transition for users.
Ques:- What is the difference between REST and SOAP APIs
Right Answer:
REST (Representational State Transfer) is an architectural style that uses standard HTTP methods and is typically more lightweight and easier to use, while SOAP (Simple Object Access Protocol) is a protocol that relies on XML for message format and has strict standards for security and transactions. REST is generally more flexible and faster, while SOAP is more suited for enterprise-level services requiring high security and reliability.
Ques:- What are the different types of APIs
Right Answer:
The different types of APIs are:

1. **Open APIs (Public APIs)** - Available to developers and third parties.
2. **Internal APIs (Private APIs)** - Used within an organization.
3. **Partner APIs** - Shared with specific business partners.
4. **Composite APIs** - Combine multiple endpoints into a single call.
5. **Web APIs** - Accessible over the internet using HTTP/HTTPS.
Ques:- What are the common status codes in HTTP responses
Right Answer:
The common status codes in HTTP responses are:

- **200**: OK
- **201**: Created
- **204**: No Content
- **400**: Bad Request
- **401**: Unauthorized
- **403**: Forbidden
- **404**: Not Found
- **500**: Internal Server Error
- **502**: Bad Gateway
- **503**: Service Unavailable
Ques:- A major auto service chain has enjoyed healthy returns on its 30-store operation for the past 10 years. However, management feels that the chain needs to expand, as the current geographical areas in which they are based have become saturated. For the past couple of years, they have aggressively pursued a growth strategy, opening an additional 15 stores. However, it seems that this approach has had negative returns. For the first time in over a decade, the chain’s profits dropped into the negative zone. You were hired to figure out why.
Right Answer:

The negative returns could be due to several factors: oversaturation in new markets, inadequate market research leading to poor location choices, increased competition, higher operational costs, or a lack of brand recognition in the new areas. Additionally, the rapid expansion may have stretched resources thin, impacting service quality and customer satisfaction. A thorough analysis of each new location's performance, customer feedback, and market conditions is necessary to identify the specific issues.

Ques:- An overseas construction firm wants to establish its presence in a growing regional US market. What advice would you give them?
Right Answer:
I would advise the firm to conduct thorough market research to understand local demand, regulations, and competition. They should establish partnerships with local contractors and suppliers, ensure compliance with US laws, and consider hiring local talent to navigate cultural differences. Additionally, developing a strong marketing strategy to build brand awareness and networking within the industry will be crucial for their success.
Ques:- You client is a large real estate development company considering buying a piece of real estate. How do you analyze the investment?
Right Answer:
To analyze the investment, I would:

1. **Conduct Market Research**: Assess the local real estate market trends, demand, and supply.
2. **Evaluate Financial Metrics**: Calculate key metrics such as ROI, cash flow, cap rate, and net present value (NPV).
3. **Perform Due Diligence**: Review property documents, zoning laws, and any potential legal issues.
4. **Assess Location**: Analyze the property's location for accessibility, amenities, and future development plans.
5. **Estimate Costs**: Consider acquisition costs, renovation expenses, and ongoing operational costs.
6. **Risk Analysis**: Identify potential risks and develop mitigation strategies.
7. **Consult Stakeholders**: Gather input from relevant stakeholders, including financial advisors and real estate experts.
Ques:- A company manufactures hair products. It’s thinking about entering the sunscreen market. Is this a good idea?
Right Answer:
It could be a good idea if there is market demand, the company can leverage its existing distribution channels, and it has the resources to develop and market sunscreen products effectively. However, thorough market research and analysis of competition and consumer preferences are essential before making a decision.
Ques:- A leverage buyout firm is considering buying a company that owns proprietary database of real time Federal Aviation Administration database on every commercial flight in America and its current flight status. Should they buy the company?
Right Answer:
Yes, they should consider buying the company if the database provides valuable insights, has a competitive advantage, and can generate revenue through licensing or services.
Ques:- What is VSWR
Right Answer:
VSWR stands for Voltage Standing Wave Ratio. It measures the efficiency of power transmission in a transmission line, indicating how well the load is matched to the line. A lower VSWR value (close to 1:1) indicates better matching and less reflected power.
Ques:- Define effort variance?
Right Answer:
Effort variance is the difference between the planned effort (the amount of work estimated) and the actual effort (the amount of work completed) in a project. It helps assess whether a project is on track in terms of the resources allocated versus what has been used.
Ques:- How would my job affect the business in the short and long term?
Right Answer:
Your job would impact the business by ensuring projects are completed on time and within budget, leading to immediate efficiency and cost savings. In the long term, your role would contribute to building a strong team, improving processes, and enhancing overall quality, which can drive sustained growth and customer satisfaction.
Ques:- What is your Previous job experience& role
Right Answer:
In my previous job, I worked as a Project Manager where I was responsible for planning, executing, and closing projects. I coordinated with cross-functional teams, managed budgets, and ensured that projects were delivered on time and met quality standards.
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