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Shriram life insurance Interview Questions and Answers
Ques:- A is two years older than B who is twice as old as C. If the total of the ages of A, B and C be 27, the how old is B?
Right Answer:
B is 11 years old.
Ques:- What factors affect working capital requirement?
Right Answer:
The factors that affect working capital requirement include:

1. **Nature of Business**: Different industries have varying working capital needs.
2. **Business Cycle**: Economic conditions can influence sales and inventory levels.
3. **Seasonality**: Seasonal fluctuations in demand can impact inventory and cash flow.
4. **Credit Policy**: The terms offered to customers can affect accounts receivable.
5. **Inventory Management**: Levels of inventory held can influence cash tied up in stock.
6. **Supplier Terms**: Payment terms with suppliers can affect cash outflows.
7. **Sales Volume**: Higher sales typically require more working capital.
8. **Operational Efficiency**: Efficient operations can reduce the need for working capital.
9. **Market Conditions**: Competitive pressures can impact pricing and sales.
10. **Growth Rate**: Rapid growth may require additional working capital to support expansion.
Ques:- Ramu rides his bike at an average speed of 45 km/hr and reaches his desitination in four hours. Somu covers the same distance in six hours. If Ramu covered his journey at an average speed which was 9 km/hr less and Somu covered his journey at an average speed which was 10 km/hr more, then the difference in their times taken to reach the destination would be (in minutes).
Right Answer:
The difference in their times taken to reach the destination would be 30 minutes.
Comments
Rinki Mar 29, 2025

ramu speed=45km/hr
ramu time= 4hr
total distance=45*4=180km
somu time=6hr
somu speed=180/6=30km/hr
ramu new speed=45-9=36km/hr
ramu new time=180/36=5hr
somu new speed=40km/hr
some new time=180/40=4.5hr
difference in time=30 min

Ques:- Explain Equity Warrants. Call warrants, Put warrants
Right Answer:
Equity warrants are financial instruments that give the holder the right, but not the obligation, to buy a company's stock at a specific price within a certain time frame.

- **Call warrants** allow the holder to purchase shares at a predetermined price, benefiting if the stock price rises above that price.
- **Put warrants** give the holder the right to sell shares at a predetermined price, benefiting if the stock price falls below that price.
Ques:- For a Fuel station convenience store, what is the optimal layout for where different types of goods are arranged within the store?
Right Answer:
The optimal layout for a fuel station convenience store should include:

1. **Entrance Area**: Snacks and beverages near the entrance for quick grabs.
2. **High-Demand Items**: Essentials like bread, milk, and eggs in a central location for easy access.
3. **Impulse Items**: Candy and small items near the checkout counter to encourage last-minute purchases.
4. **Seasonal Products**: Display seasonal items prominently to attract attention.
5. **Clear Aisles**: Ensure wide aisles for easy movement and visibility of products.
6. **Restroom Access**: Clearly marked restrooms for customer convenience.

This layout maximizes customer flow and encourages purchases.
Ques:- Have you ever dealt with a situation where communications were poor? Where there was a lack of cooperation? Lack of trust? How did you handle these situations?
Right Answer:
Yes, I have encountered situations with poor communication and lack of cooperation. In such cases, I focused on facilitating open dialogue by organizing a meeting where everyone could express their concerns and ideas. I encouraged active listening and ensured that all voices were heard. To build trust, I emphasized transparency and followed up on commitments. This approach helped improve collaboration and foster a more positive working environment.
Ques:- Describe a situation that required you to do a number of things at the same time. How did you handle it? What was the result?
Right Answer:
In my previous job, I had to manage multiple projects with tight deadlines. I created a prioritized to-do list, allocated specific time blocks for each task, and used project management tools to track progress. I communicated regularly with my team to delegate tasks and ensure everyone was aligned. As a result, we completed all projects on time, and the quality of work exceeded client expectations.
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.
Ques:- Personal, educational experience.
Right Answer:
I have a background in [Your Degree/Field] from [Your University], where I developed skills in [Relevant Skills]. My educational experience has equipped me with knowledge in [Specific Areas Related to Sales], and I have also gained practical experience through [Internships/Previous Jobs] that involved [Key Responsibilities or Achievements].
Ques:- Tell me about your achievements in last 5 years?
Right Answer:
In the last five years, I successfully exceeded my sales targets by an average of 20% each year, developed strong relationships with key clients that resulted in repeat business, and led a team project that improved our sales process, increasing efficiency by 30%. Additionally, I received the "Top Sales Performer" award for two consecutive years.
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