Find Interview Questions for Rungta Mines

Right Answer:
Luxury tax is a tax imposed on goods and services that are considered non-essential or luxury items, typically aimed at high-end products like expensive cars, jewelry, and luxury accommodations.

Right Answer:
1. Attention to detail
2. Strong analytical skills
3. Good communication skills
4. Organizational skills
5. Ethical integrity

Right Answer:
Current accounts are designed for frequent transactions and typically do not earn interest, while savings accounts are intended for saving money, earn interest, and have limited transaction capabilities.

Right Answer:
I have prepared the following accounting reports:

1. Income Statement
2. Balance Sheet
3. Cash Flow Statement
4. Accounts Receivable Aging Report
5. Accounts Payable Aging Report
6. Budget vs. Actual Report
7. General Ledger Report
8. Trial Balance Report

Right Answer:
Fictitious assets are non-physical assets that do not have any real value but are recorded on the balance sheet, such as preliminary expenses, advertising expenses, or losses that are yet to be recovered.

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Working capital refers to the difference between a company's current assets and current liabilities. It represents the funds available for day-to-day operations. The primary objective of working capital management is to ensure that a company has sufficient liquidity to meet its short-term obligations while maximizing its operational efficiency and profitability.

Right Answer:
Public deposits are funds that a company raises from the general public for a fixed term, usually at a specified interest rate. Companies find public deposits attractive because they provide a cost-effective source of financing, are less formal than bank loans, and allow for greater flexibility in terms of repayment and terms.

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The terms of premium on redemption and the period of conversion for debentures are decided by the company's board of directors, typically based on the terms outlined in the debenture trust deed or offering document.

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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.

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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.

Right Answer:
I have extensive experience in budgeting, including creating, managing, and analyzing budgets for various projects. I am knowledgeable in financial forecasting, cost control, and using budgeting software to track expenses and ensure financial goals are met.

Right Answer:
To control all expenses and revenues, implement a budget plan, track all transactions regularly, categorize expenses, set spending limits, review financial reports frequently, and adjust the budget as needed based on actual performance.

Right Answer:
The process of budgeting involves setting financial goals, estimating revenues and expenses, creating a budget plan, monitoring actual performance against the budget, and making adjustments as necessary. The importance of budgeting lies in its ability to help organizations allocate resources effectively, control spending, plan for future financial needs, and make informed decisions to achieve financial stability and growth.

Right Answer:
To allocate finance effectively, I would first assess the current financial situation and prioritize essential expenses. Then, I would allocate funds based on the potential return on investment, focusing on high-impact areas that align with our target output. Regular monitoring and adjustments would ensure we stay on track to meet our goals.

Right Answer:
The percentage deducted in FP (Fixed Price) contracts typically ranges from 10% to 20%, depending on the specific terms agreed upon.

Right Answer:
SQL (Structured Query Language) is used in data analysis to query, manipulate, and manage data stored in relational databases. It allows analysts to retrieve specific data, perform calculations, filter results, and aggregate information to derive insights from large datasets.

Right Answer:
Regression analysis is a statistical method used to examine the relationship between one dependent variable and one or more independent variables. It is used to predict outcomes, identify trends, and understand the strength of relationships in data.

Right Answer:
1. Remove duplicates
2. Handle missing values
3. Correct inconsistencies
4. Standardize formats
5. Filter out irrelevant data
6. Validate data accuracy
7. Normalize data if necessary

Right Answer:
Supervised learning uses labeled data to train models, meaning the output is known, while unsupervised learning uses unlabeled data, where the model tries to find patterns or groupings without predefined outcomes.

Right Answer:
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