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Nus investment society Interview Questions and Answers
Ques:- Why is export higher than import in India?
Right Answer:
Export is higher than import in India due to strong demand for Indian goods and services in international markets, competitive pricing, and government initiatives promoting exports.
Ques:- Explain fixed assets and investments?
Right Answer:
Fixed assets are long-term tangible assets that a company uses in its operations to generate income, such as buildings, machinery, and equipment. Investments refer to financial assets that a company purchases with the expectation of generating a return, such as stocks, bonds, or real estate.
Ques:- How to make a VAT entry in books including setoff?
Right Answer:
To make a VAT entry in the books including setoff, follow these steps:

1. Record the purchase entry:
- Debit the relevant expense or asset account for the net amount.
- Debit the VAT input account for the VAT amount.
- Credit the accounts payable or cash account for the total amount (net amount + VAT).

2. Record the sales entry:
- Debit the accounts receivable or cash account for the total amount (net amount + VAT).
- Credit the relevant sales account for the net amount.
- Credit the VAT output account for the VAT amount.

3. To record the setoff:
- Calculate the net VAT payable or receivable (VAT output - VAT input).
- If VAT output is greater, credit the VAT payable account.
- If VAT input is greater, debit the VAT receivable account.

4. Finally, ensure to report the VAT in the VAT return as required.
Ques:- Given Data for doing different formats like pivot, and matching the data for another data
Right Answer:
To analyze data for different formats like pivot tables and matching datasets, you should:

1. **Identify Key Variables**: Determine the key fields that will be used for matching and pivoting.
2. **Clean the Data**: Ensure that the data is free from duplicates, errors, and inconsistencies.
3. **Use Pivot Tables**: Create pivot tables to summarize and analyze the data by aggregating values based on categories.
4. **Match Data**: Use functions like VLOOKUP or JOIN operations in SQL to match data from different sources based on the identified key variables.
5. **Validate Results**: Check the accuracy of the matched data and the pivot table outputs to ensure they meet business requirements.
Ques:- In order to attract deposits, banks offer various types of products with distinguishing features. As a student of banking law do you observe any challenge/threat from money laundering for banks in this struggle? Discuss
Right Answer:
Yes, banks face significant challenges from money laundering when attracting deposits. Money laundering can lead to reputational damage, regulatory penalties, and financial losses. Banks must implement strict compliance measures and due diligence processes to detect and prevent illicit activities, which can complicate their efforts to attract legitimate deposits.
Ques:- Explain in brief about the Documentation – CFD, DFD, Functional Documentation.
Right Answer:
**CFD (Context Flow Diagram)**: A high-level diagram that shows the flow of information between external entities and the system, helping to define system boundaries and interactions.

**DFD (Data Flow Diagram)**: A visual representation that illustrates how data moves through a system, detailing processes, data stores, and data flows, typically used to analyze and design systems.

**Functional Documentation**: A comprehensive document that outlines the functionalities of a system, including requirements, use cases, and specifications, serving as a guide for development and testing.
Ques:- A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
Right Answer:
Rs. 2450
Comments
bruce May 6, 2021

I think -

1750 / 7 Years = 250
250 * 2% = 5
5 * 7 Years = 35

Ques:- What functions do the registrars to the issue perform?
Right Answer:
Registrars to the issue perform functions such as managing the issuance of securities, maintaining records of shareholders, processing applications for shares, ensuring proper allocation of shares, and handling the transfer of shares between buyers and sellers.
Ques:- What Is Bank Reconciliation?
Right Answer:
Bank reconciliation is the process of comparing and matching the balances in an organization's accounting records to the corresponding information on a bank statement. This ensures that the records are accurate and helps identify any discrepancies.
Ques:- Define Accelerated Cash Collection?
Right Answer:
Accelerated Cash Collection is a strategy used by businesses to speed up the process of receiving payments from customers, often by implementing methods such as electronic invoicing, offering discounts for early payments, or improving the efficiency of the billing process.
Ques:- What current liabilities can be used as spontaneous sources for financing the working capital?
Right Answer:
Current liabilities that can be used as spontaneous sources for financing working capital include accounts payable, accrued expenses, and short-term loans.
Ques:- Which ratio is considered as safe margin of solvency?
Right Answer:
The ratio considered as a safe margin of solvency is the "solvency ratio," typically expressed as total assets divided by total liabilities. A solvency ratio above 20% is generally considered safe.
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