Find Interview Questions for Quantum Phinance

Right Answer:
Bill receivable is a financial instrument that represents a promise to receive payment from a debtor at a future date, while a consignment account records transactions related to goods sent to an agent for sale, where the ownership remains with the consignor until sold.

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Provision for taxation should be treated as a current liability.

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Capital Receipt refers to funds received that result in the creation of a liability or the reduction of an asset, such as loans or sale of fixed assets. Revenue Receipt, on the other hand, refers to funds received from regular business operations, such as sales revenue or service income, which do not create a liability or reduce an asset.

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No, late fee and service tax on LIC premium are not eligible for deduction under section 80C.

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Yes, I have submitted my two weeks' notice to my current employer.

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I am looking for new challenges and opportunities for growth that align more closely with my career goals.

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BRD (Business Requirements Document) outlines the high-level business needs and objectives. SRS (Software Requirements Specification) details the functional and non-functional requirements for the software. Use Case documents describe specific interactions between users and the system to achieve particular goals.

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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.

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Could you please specify the exact question related to databases?

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MS Project is used for project management to plan, schedule, and track project progress, allocate resources, manage budgets, and analyze workloads.

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Descriptive statistics summarize and describe the main features of a dataset, using measures like mean, median, mode, and standard deviation. Inferential statistics use sample data to make predictions or inferences about a larger population, often employing techniques like hypothesis testing and confidence intervals.

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Some common data visualization techniques include:

1. Bar Charts
2. Line Graphs
3. Pie Charts
4. Scatter Plots
5. Histograms
6. Heat Maps
7. Box Plots
8. Area Charts
9. Tree Maps
10. Bubble Charts

Right Answer:
The different types of data analysis are:

1. Descriptive Analysis
2. Diagnostic Analysis
3. Predictive Analysis
4. Prescriptive Analysis
5. Exploratory Analysis

Right Answer:
The different types of data distributions include:

1. Normal Distribution
2. Binomial Distribution
3. Poisson Distribution
4. Uniform Distribution
5. Exponential Distribution
6. Log-Normal Distribution
7. Geometric Distribution
8. Beta Distribution
9. Chi-Squared Distribution
10. Student's t-Distribution

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The purpose of feature engineering in data analysis is to create, modify, or select variables (features) that improve the performance of machine learning models by making the data more relevant and informative for the analysis.

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The interest earned is Rs. 3575.

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The various systems of accounting are:

1. **Single Entry System**: A simple method that records only cash transactions and does not maintain a complete record of all financial transactions.

2. **Double Entry System**: A more comprehensive method where every transaction affects at least two accounts, ensuring that the accounting equation (Assets = Liabilities + Equity) remains balanced.

3. **Cash Basis Accounting**: Records revenues and expenses when cash is actually received or paid, rather than when they are incurred.

4. **Accrual Basis Accounting**: Records revenues and expenses when they are incurred, regardless of when cash is exchanged, providing a more accurate financial picture.

5. **Managerial Accounting**: Focuses on providing information for internal management to aid in decision-making, planning, and controlling operations.

6. **Financial Accounting**: Involves preparing financial statements for external users, such as investors and creditors, based on standardized guidelines.

7. **Tax Accounting**: Focuses on tax-related

Right Answer:

To secure the engagement, emphasize your understanding of their business model, highlighting the importance of both upstream and downstream operations. Discuss how you can help optimize their revenue and profit strategies, particularly focusing on the upstream side where they generate most of their profits.

Right Answer:
The woman is the man's mother.

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The rate of interest for debentures is decided by the issuing company based on market conditions, credit rating, and investor demand.