Right Answer: In the cash book, the cheque payment will be recorded as a deduction from the cash balance but will be noted as "outstanding" or "uncleared" until it clears the bank.
Right Answer: Form C is used for the purchase of goods by a registered dealer from another registered dealer at a concessional rate of tax under the Central Sales Tax Act. Form D is used for the sale of goods by a registered dealer to another registered dealer for the purpose of resale, also under the Central Sales Tax Act.
Right Answer: Liquid assets are cash or assets that can be quickly converted into cash, such as bank accounts and stocks. Fixed assets are long-term assets that are not easily converted to cash, like buildings, machinery, and equipment.
Right Answer: Accounts payable refers to the money a company owes to its suppliers for goods and services received but not yet paid for. It is recorded as a liability on the balance sheet.
Right Answer: I am dedicated to providing excellent customer service, addressing inquiries, resolving issues, and ensuring customer satisfaction to support the company's goals.
Right Answer: The banking sector involves financial institutions that accept deposits, provide loans, and offer various financial services. Planning in banking includes setting clear goals, analyzing market trends, managing risks, and ensuring compliance with regulations. Confidence in this sector comes from understanding financial products, effective communication with customers, and staying informed about industry changes.
Right Answer: I get along with people by actively listening to them, showing empathy, and maintaining a positive attitude. I also communicate clearly and respectfully, which helps build trust and rapport.
Right Answer: I expect a salary that is competitive and reflects my skills and experience, typically in the range of [insert your expected salary range based on research and industry standards].
Right Answer: Customer relationship refers to the interactions and connections a company has with its customers, focusing on building trust, satisfaction, and loyalty through effective communication and support.
Right Answer: I am very aspirant to grow in my career. I am committed to continuous learning and seeking new challenges that will help me develop my skills and advance professionally.
Right Answer: An engine works by converting fuel into energy through combustion. In a typical internal combustion engine, air and fuel mix, are compressed, and ignited, causing an explosion that pushes pistons. These pistons turn the crankshaft, which ultimately powers the vehicle.
Ques:- Over the past few years, our client, a retail bank, has gone national from few branches in one state to 200 branches across country. Although some of the branches performing well, the company as a whole is losing lot of money specifically in four metro cities. How would you analyze this problem?
Right Answer: 1. **Data Analysis**: Collect and analyze financial data from all branches, focusing on the four metro cities. Look at revenue, expenses, and customer demographics.
2. **Performance Metrics**: Identify key performance indicators (KPIs) such as customer acquisition cost, average transaction value, and branch profitability.
3. **Market Research**: Conduct market research to understand the competitive landscape, customer preferences, and economic conditions in the metro cities.
4. **Branch Operations Review**: Evaluate the operational efficiency of the branches in the metro cities, including staffing, service quality, and product offerings.
5. **Customer Feedback**: Gather feedback from customers in those areas to identify pain points and areas for improvement.
6. **Identify Trends**: Look for trends in customer behavior, such as changes in banking habits or preferences for digital services.
7. **Benchmarking**: Compare the performance of the underperforming branches with successful branches in other regions to identify best practices.
Ques:- You’re consulting with a large pharmacy with stores in multiple states. This company has improved sales but experienced a decrease in revenue. As a result, it is contemplating store closings. Explain how you’d advise this client?
Right Answer: I would advise the client to analyze their sales data to identify which products are driving sales but not contributing to revenue. They should assess their pricing strategy, operational costs, and inventory management. Additionally, I would recommend evaluating the performance of each store location to determine if some stores are underperforming and should be closed. Implementing targeted marketing strategies and improving customer experience could also help boost revenue. Finally, consider exploring partnerships or alternative revenue streams to enhance profitability.
Right Answer: I would prioritize the emails based on urgency and importance. First, I would look for emails from my manager or key stakeholders, then respond to any time-sensitive requests, followed by emails from clients or customers. After that, I would address emails that require quick responses or are related to ongoing projects. Finally, I would consider the subject lines and senders to identify any critical issues or high-priority topics.
Ques:- Soybeans are a commodity product. A soybean manufacturer, which processes soybeans for food and energy. 80% of production is for food, 20% is for energy. The soybeans are processes in North America, but majority of energy demand today is in Asia/Pacific. The CEO has hired you to understand what is the most efficient method of delivering the product to Asia. You need to decide whether to process all in North America and then ship to Asia/Pacific, or ship raw to Asia/Pacific and then process.
Right Answer: To determine the most efficient method of delivering soybeans to Asia/Pacific, you should conduct a cost analysis comparing the expenses of processing in North America versus shipping raw soybeans for processing in Asia/Pacific. Consider factors such as transportation costs, processing costs, tariffs, and demand in the target market. If processing in North America and shipping is cheaper overall, choose that option; if shipping raw soybeans and processing in Asia/Pacific is more cost-effective, opt for that.
Ques:- A steel company in was experiencing large amounts of inventory and customers which complained about long wait times for orders. Company used to have a monopoly however deregulation had allowed for competition starting 10 years ago and the firm now had 40% market share. Firm had four plants, two made mostly flat steel products and two made pipe like steel products. For all plants half the products were specialized and half were standard. What should be done to solve the problems?
Right Answer: The company should implement a demand forecasting system to better align production with customer needs, streamline operations to reduce lead times, improve inventory management to minimize excess stock, and enhance customer service to address complaints. Additionally, consider investing in technology to increase efficiency and exploring partnerships or collaborations to improve market competitiveness.
Right Answer: If I have a problem with my job timing, I would communicate openly with my manager to discuss the issue and explore possible solutions that work for both of us.
