Interview Questions

Q:

What is NTFS?

Answer

NTFS is short for New Technology File System. It is the standard file system that is being used by operating systems starting from Windows NT, Windows 2000, Windows XP, and even the newer versions like Vista and 7. It was originally designed to have a better performance on file storage and retrieval under the Windows NT family.

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Q:

What is the proper way of setting up an Android-powered device for app development?

Answer

The following are steps to be followed prior to actual application development in an Android-powered device:


- Declare your application as “debuggable” in your Android Manifest.


- Turn on “USB Debugging” on your device.


- Set up your system to detect your device.


 

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Q:

Do you work well under pressure?

Answer

In most cases, the best answer to this question is answering yes. Working well under pressure is a good trait to have. However, I think if you answer that you work the same with pressure and without pressure, the interviewer will be more impressed. However, you will need to explain in words why this is better. Here are some of my answers.


1. "I work well under pressure because I use the pressure to help me work more efficiently."


2. "I enjoy working under pressure because I believe it helps me grow. In my previous experience, I always worked well during deadlines, and I always learned how to work more efficiently afterwards."


3. "I work well under pressure because I don't panic. I maintain self control and work as efficiently as possible. In all my experiences, I did well and I always enjoyed the experience."

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Q:

What does drop ship mean in Accounts ?

Answer

Drop Ship refers to, a manufacturer shipping goods directly to one of its customers' customer (instead of delivering the goods to the customer that placed the order with the manufacturer).


This concept of shipping goods is called as drop ship, drop shipping or a drop shipment.

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Subject: Accounts Receivable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

What is commercial Bank ?

Answer

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products.


Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public.

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Subject: Bank Interview

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Q:

What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?

Answer

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him.

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Subject: Accounts Payable

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Q:

Why do capital expenditures increase assets (PP&E), while other cash outflows, like paying salary, taxes, etc., do not create any asset, and instead instantly create an expense on the income statement that reduces equity via retained earnings ?

Answer

Capital expenditures are capitalized because of the timing of their estimated benefits – the lemonade stand will benefit the firm for many years. The employees’ work, on the other hand, benefits the period in which the wages are generated only and should be expensed then. This is what differentiates an asset from an expense.


 

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Subject: Accounts Receivable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

When referring to student loans what is a grace period?

A) 6 months B) 12 months
C) 18 months D) 24 months
 
Answer & Explanation Answer: A) 6 months

Explanation:

6 months after graduating or quitting school when you have to start paying back the loans.

 

A grace period is one term that’s provided for student loans that allow you to delay payments up to a certain length of time, without penalty. During a grace period no late charges would apply, and the loan would not risk falling into default for missed payments. The grace period allows you time to find financial stability prior to having to make payments on your student loans.

 

Many students use student loans to help pay for their college expenses, including tuition, books, room and board, and other living expenses. Students are expected to repay these loans when they graduate.

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

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