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Micro finance Interview Questions and Answers
Ques:- How to maintain creditors account
Right Answer:
To maintain creditors' accounts, regularly record all transactions related to purchases and payments, ensure accurate entry of invoices and credit notes, reconcile statements from suppliers, monitor payment due dates, and maintain clear communication with creditors regarding any discrepancies or payment issues.
Ques:- How do i know wheather Tds deducated from Inv.or Not?(eg.If someone printing a banner for our office for Advertisement & he issue a Tax Invoice for the same. If Tds is deducted -then why & if tds is not deducted then why
Right Answer:
To determine whether TDS (Tax Deducted at Source) is deducted from an invoice, check the invoice for a mention of TDS deduction or a separate TDS amount. If TDS is deducted, it is usually because the service provider falls under a specified category where TDS is applicable, such as professional services. If TDS is not deducted, it may be due to the service provider being below the threshold limit for TDS or the nature of the service not requiring TDS deduction.
Ques:- Present ages of X and Y are in the ratio 5:6 respectively. Seven years hence this ratio will become 6:7 respectively. What is X’s present age in years?
Right Answer:
X's present age is 35 years.
Comments
shivangi sharma Aug 14, 2022

the ratio of present age of x:y is 5:6
And,we have to find the present age of x.
so,the present age of X is definitely will be multiple of 5.
X=35
so,35 is the answer.

Ques:- What are the two most basics financial statements prepared by the companies?
Right Answer:
The two most basic financial statements prepared by companies are the Income Statement and the Balance Sheet.
Ques:- A can run a kilometer race in 4 1/2 min while B can run same race in 5 min. How many meters start can A give B in a kilometer race, so that the race mat end in a dead heat?
Right Answer:
A can give B a start of 100 meters.
Comments
Abhi Chatterjee Jan 8, 2022

A can give B (5 min – 4 1/2 min) = 30 sec start.
The distance covered by B in 5 min = 1000 m.
Distance covered in 30 sec = (1000 * 30)/300 = 100 m.
A can give B 100m start.

Ques:- Define undercapitalization? What are the causes of undercapitalization?
Right Answer:
Undercapitalization refers to a situation where a business does not have enough capital to support its operations and growth. Causes of undercapitalization include inadequate initial funding, poor financial planning, high operational costs, low sales revenue, and excessive debt.
Ques:- Define Price Earnings (P/E) Ratio?
Right Answer:
The Price Earnings (P/E) Ratio is a financial metric that compares a company's current share price to its earnings per share (EPS). It is calculated by dividing the market value per share by the earnings per share.
Ques:- Define secured loans and unsecured loans.
Right Answer:
Secured loans are loans backed by collateral, meaning the borrower offers an asset (like a house or car) that the lender can claim if the loan is not repaid. Unsecured loans, on the other hand, are not backed by any collateral, relying solely on the borrower's creditworthiness for approval and repayment.
Ques:- What are the different sources a company can use to meet its fund requirements?
Right Answer:

A company can meet its fund needs through:

  • Equity Capital: Issuing shares to investors

  • Debt Capital: Borrowing via loans, bonds, or debentures

  • Internal Funds: Retained earnings and reserves

  • Trade Credit: Credit from suppliers

  • Grants and Subsidies: From government or agencies

  • Venture Capital and Angel Investors: For startups and growing firms

Ques:- What if you did’nt get any growth in our company even working for 3 or 4 years.
Right Answer:
If I don't see any growth in my role after 3 or 4 years, I would seek feedback on my performance, explore opportunities for professional development, and discuss potential career paths within the company to align my goals with the organization's needs.
Ques:- Why are you willing to join here?
Right Answer:
I am willing to join here because I admire the company's commitment to customer satisfaction and its positive work culture. I believe my skills in communication and customer service align well with your values, and I am excited about the opportunity to contribute to your team.
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