Interview Questions

Money market instruments are debt securities that generally give the owner the unconditional right to receive a stated, fixed sum of money on a specified date.

There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities.

A protected method may only be accessed by classes or interfaces of the same package or by subclasses of the class in which it is declared.

When I was working on a software employment team at XYZ Company, we took over one more company and had to turn many clients to a new product in a short period of time. It took a lot of planning, hard work, time and effort, but we were able to finish the project in a timely manner.

User names and passwords in PHP can be encrypted using md5 function.

MD5 function calculates the md5 hash of a string. It is basically used for encryption. It is also used for digital signature applications, where a large file must be "compressed" in a secure manner.

Example:

Md5($str);

Crypt() function can also be used to encrypt a string,. It used MD5, DES or blow fish algorithms for encryption.

Syntax:

Crypt(str, salt)

Salt is an optional parameter used to increase the number of characters encoded, to make the encoding more secure

Retain -Specifies that retain should be invoked on the object upon assignment. takes ownership of an object

Assign - Specifies that the setter uses simple assignment. Uses on attribute of scalar type like float,int.

An OOK-Rec is a one of a kind record set, used to get to another record set.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon.