Sample questions of Finance job interview

Management Interview Questions (Finance)

Finance is a wide field covering insurance, retail banking, investment banking and other financial services. Interview questions will vary depending on the employer, the level of the job and your work experience. However there are certain core competencies and skills that are essential to success in most finance positions. hese are the type of financial interview questions that explore those competencies and which you can expect in some form in interviews for finance vacancies. What motivates you Finance interview questions that explore your motivation are designed to assess whether you will be a good motivational fit with the job opportunity and the company. !ake your motivation relevant to what the finance job provides. !ost finance positions require highly self"motivated people whose motivators include challenge, getting the required results, achievement and recognition. !ow "o you go about persua"ing others to your point of view Finance professionals regularly have to persuade and influence people to accept their services, their expertise and their advice. #etermining needs, selecting the most suitable approach and deciding on the right interpersonal style are all factors in successfully influencing others. $upport your answer with a recent example. #ell me about your approach to team wor$% !ow have you ha" to a"apt to wor$ effectively as part of a team Finance interview questions about team work look at your ability to build relationships and contribute to team success. %our ability to work successfully with other people in the finance business is essential. $how how you have assessed each team member and selected the best approach for their particular needs. &daptability is key to success.

#ell me about a recent high stress situation you were in% !ow "i" you manage it Finance jobs demand working well under pressure. he interviewer wants to know whether you are able to perform under pressure and cope with difficult situations. $how that you can stay calm and are able to plan to reduce stress.

&ive me an e'ample of a win win situation you negotiate"% his financial interview question explores your ability to communicate information or alternatives in a manner that gains agreement and acceptance. $how how you are able to look at the position of others, present alternatives and reach an agreement that is positive for all parties. !ow can you a"" real value to this organi(ation %our answer should showcase your comprehensive research and knowledge of the company and how well you understand its achievements, its goals and the challenges it faces. 'rovide examples of the skills and ideas you bring that would result in a contribution to profits and growth. What are the biggest challenges an" opportunities that the finance professional faces to"ay Highlight your awareness and insight into the current economic situation and the state of the financial sector including regulatory changes, reputation issues, availability of credit, cost reduction and recent industry innovations among others.

Sample e'cellent responses)

*% !ow woul" you "escribe yourself !y background to date has been centered around preparing myself to become the very best financial consultant I can become. (et me tell you specifically how I)ve prepared myself. I am an undergraduate student in finance and accounting at ********* +niversity. !y past experiences has been in retail and higher education. ,oth aspects have prepared me well for this career. +% What specific goals, inclu"ing those relate" to your occupation, have you establishe" for your life I want to be working for an excellent company like yours in a job in which I am managing information. I plan to contribute my leadership, interpersonal, and technical skills. !y long" range career goal is to be the best information systems technician I can for the company I work for. -% !ow has your college e'perience prepare" you for a business career I have prepared myself to transition into the work force through real"world experience involving travel, internship, and entrepreneurial opportunities. -hile interning with a private organi.ation in """"""""""""""""""""""""""""" as a summer project assignment, I developed a /0 "page marketing plan composed in """""""1""""""" that recommended more effective ways the company could promote its services. I also traveled abroad on two other occasions in which I researched the """""""""""""""""""""""""""""""""""""""""", and participated in

a"""""""""""""""""""""""""""""""""""""""""""""""""". &s you can see from my academic, extracurricular, and experiential background, I have unconditionally committed myself to success as a marketing professional. .% /lease "escribe the i"eal job for you following gra"uation% !y ideal job is one that incorporates both my education and practical work skills to be the best I can be. 2amely combining my education in finance with my working knowledge of customer service operations, entrepreneurial abilities, computer skills, and administrative skills. I want to utili.e my analytical expertise to help people meet their financial goals. his is exactly why I am convinced that I would be a very valuable member of the !errill (ynch team. 0% What influence" you to choose this career !y past experiences have shown me that I enjoy facing and overcoming the challenge of making a sale. -ithout a doubt, once I have practiced my presentation and prepared myself for objections, I feel very confident approaching people I don)t know and convincing them that they need my product. (astly, I like sales because my potential for success is limited only by how much of myself I dedicate toward my goal. If any profession is founded on self"determinism, it surely must be sales. 1% 2t what point "i" you choose this career I knew that I wanted to pursue information systems technology about my sophomore year in college. It was then that I reali.ed that my that my hobby 3computers4 was taking up most of my time. !y favorite courses were I courses. I also reali.ed that I was doing computer"oriented work"study that I enjoyed so much I would have done it for free. 3% What specific goals have you establishe" for your career !y goals include becoming a 5ertified Financial &dvisor so I can obtain a better working knowledge of financial research analysis, which would allow me contribute to my client base as a better financial consultant since I would have that extra insight into the companies they are seeking to invest in. &lso this is the foundation block to advancing my career to portfolio manager or even branch office manager. 4% What will it ta$e to attain your goals, an" what steps have you ta$en towar" attaining them I)ve already done some research on other workers at !errill (ynch to see how they achieved similar goals. I know that !errill (ynch encourages the pursuit and will reimburse for tuition of a graduate degree. I plan on pursuing a !,& to give me an even more extensive knowledge of business and financial analysis.

Handling frequently asked interview questions

&nswering 6off"the"wall6 questions7 8xample7 If you had to live your life over again, what would you change9 8xample7 If you were a color, what color would you be "" and why9 8xample7 If they were making a movie of your life, who should be hired to play you in it9 6:ff"the"wall6 questions "" also referred to as -ild 5ard questions "" are asked by interviewers to see how well you think on your feet, whether you will get flustered. he trick is to keep your cool and your sense of humor. ;enerally speaking, there are no wrong answers.

More off5the5wall 6wil" car"6 job interview questions

If you could be any character in fiction, whom would you be9 If ,ollywood made a movie about your life, whom would you like to see play the lead role as you9 If you could be a superhero, what would you want your superpowers to be9 If someone wrote a biography about you, what do you think the title should be9 If you had to be shipwrecked on a deserted island, but all your human needs " such as food and water " were taken care of, what two items would you want to have with you9 If you had six months with no obligations or financial constraints, what would you do with the time9 If you had only six months left to live, what would you do with the time9 If you could have dinner with anyone from history, who would it be, and why9 If you could compare yourself with any animal, which would it be and why9 If you were a type of food, what type of food would you be9 If you won <s.=0 million in the lottery, what would you do with the money9 If you were a salad, what kind of dressing would you have9 How do I rate as an interviewer9 If you were a car, what kind would you be9

-ho do you admire the most and why9 In the news story about your life, what would the headline say9

7ommon Interview Questions an" 2nswers)

<eview these typical interview questions and think about how you would answer them. <ead the questions listed> you will also find some strategy suggestions with it. *% #ell me about yourself) he most often asked question in interviews. %ou need to have a short statement prepared in your mind. ,e careful that it does not sound rehearsed. (imit it to work"related items unless instructed otherwise. alk about things you have done and jobs you have held that relate to the position you are interviewing for. $tart with the item farthest back and work up to the present. +% 8o you consi"er yourself successful %ou should always answer yes and briefly explain why. & good explanation is that you have set goals, and you have met some and are on track to achieve the others. -% What "o you $now about this organi(ation his question is one reason to do some research on the organi.ation before the interview. Find out where they have been and where they are going. -hat are the current issues and who are the major players9 .% What have you "one to improve your $nowle"ge in the last year ry to include improvement activities that relate to the job. & wide variety of activities can be mentioned as positive self"improvement. Have some good ones handy to mention. 0% 2re you applying for other jobs ,e honest but do not spend a lot of time in this area. ?eep the focus on this job and what you can do for this organi.ation. &nything else is a distraction.

1% Why "o you want to wor$ for this organi(ation

his may take some thought and certainly, should be based on the research you have done on the organi.ation. $incerity is extremely important here and will easily be sensed. <elate it to your long"term career goals. 3% 8o you $now anyone who wor$s for us ,e aware of the policy on relatives working for the organi.ation. his can affect your answer even though they asked about friends not relatives. ,e careful to mention a friend only if they are well thought of.

4% What $in" of salary "o you nee" & loaded question. & nasty little game that you will probably lose if you answer first. $o, do not answer it. Instead, say something like, that@s a tough question. 5an you tell me the range for this position9 In most cases, the interviewer, taken off guard, will tell you. If not, say that it can depend on the details of the job. hen give a wide range. 9% 2re you a team player %ou are, of course, a team player. ,e sure to have examples ready. $pecifics that show you often perform for the good of the team rather than for yourself is good evidence of your team attitude. #o not brag> just say it in a matter"of"fact tone. his is a key point. *:% !ow long woul" you e'pect to wor$ for us if hire" $pecifics here are not good. $omething like this should work7 I)d like it to be a long time. :r &s long as we both feel I)m doing a good job. **% What is your philosophy towar"s wor$ he interviewer is not looking for a long or flowery dissertation here. #o you have strong feelings that the job gets done9 %es. hat)s the type of answer that works best here. $hort and positive, showing a benefit to the organi.ation. *+% ;'plain how you woul" be an asset to this organi(ation% %ou should be anxious for this question. It gives you a chance to highlight your best points as they relate to the position being discussed. ;ive a little advance thought to this relationship. *-% Why shoul" we hire you 'oint out how your assets meet what the organi.ation needs. #o not mention any other candidates to make a comparison.

*.% What irritates you about co5wor$ers his is a trap question. hink real hard but fail to come up with anything that irritates you. & short statement that you seem to get along with folks is great. *0% What is your greatest strength 2umerous answers are good, just stay positive. & few good examples7 %our ability to prioriti.e, %our problem"solving skills, %our ability to work under pressure, %our ability to focus on projects, %our professional expertise, %our leadership skills, %our positive attitude

*1% #ell me about your "ream job% $tay away from a specific job. %ou cannot win. If you say the job you are contending for is it, you strain credibility. If you say another job is it, you plant the suspicion that you will be dissatisfied with this position if hired. he best is to stay genetic and say something like7 & job where I love the work, like the people, can contribute and can)t wait to get to work. *3% Why "o you thin$ you woul" "o well at this job ;ive several reasons and include skills, experience and interest. *4% What are you loo$ing for in a job See answer < *0 *9% What $in" of person woul" you refuse to wor$ with #o not be trivial. It would take disloyalty to the organi.ation, violence or lawbreaking to get you to object. !inor objections will label you as a whiner. +:% What is more important to you) the money or the wor$ !oney is always important, but the work is the most important. here is no better answer. +*% What woul" your professor say your strongest point is here are numerous good possibilities7 (oyalty, 8nergy, 'ositive attitude, (eadership, eam player, 8xpertise, Initiative, 'atience, Hard work, 5reativity, 'roblem solver ++% #ell me about your ability to wor$ un"er pressure%

%ou may say that you thrive under certain types of pressure. ;ive an example that relates to the type of position applied for. +- 8o your s$ills match this job or another job more closely 'robably this one. #o not give fuel to the suspicion that you may want another job more than this one. +.% What motivates you to "o your best on the job his is a personal trait that only you can say, but good examples are7 5hallenge, &chievement, <ecognition +0% 2re you willing to wor$ overtime =ights Wee$en"s his is up to you. ,e totally honest. +1% !ow woul" you $now you were successful on this job $everal ways are good measures7 %ou set high standards for yourself and meet them. %our outcomes are a success.%our boss tell you that you are successful +3% Woul" you be willing to relocate if require" %ou should be clear on this with your family prior to the interview if you think there is a chance it may come up. #o not say yes just to get the job if the real answer is no. his can create a lot of problems later on in your career. ,e honest at this point and save yourself uture grief. +4% 2re you willing to put the interests of the organi(ation ahea" of your own his is a straight loyalty and dedication question. #o not worry about the deep ethical and philosophical implications. Aust say yes. +9% 8escribe your management style% ry to avoid labels. $ome of the more common labels, like progressive, salesman or consensus, can have several meanings or descriptions depending on which management expert you listen to. he situational style is safe, because it says you will manage according to the situation, instead of one si.e fits all. -:% What have you learne" from mista$es on the job Here you have to come up with something or you strain credibility. !ake it small, well intentioned mistake with a positive lesson learned. &n example would be working too far ahead of colleagues on a project and thus throwing coordination off.

-*% 8o you have any blin" spots rick question. If you know about blind spots, they are no longer blind spots. #o not reveal any personal areas of concern here. (et them do their own discovery on your bad points. #o not hand it to them. -+% If you were hiring a person for this job, what woul" you loo$ for ,e careful to mention traits that are needed and that you have. --% 8o you thin$ you are overqualifie" for this position <egardless of your qualifications, state that you are very well qualified for the position. -.% !ow "o you propose to compensate for your lac$ of e'perience First, if you have experience that the interviewer does not know about, bring that up7 hen, point out 3if true4 that you are a hard working quick learner. -0% What qualities "o you loo$ for in a boss ,e generic and positive. $afe qualities are knowledgeable, a sense of humor, fair, loyal to subordinates and holder of high standards. &ll bosses think they have these traits. -1% #ell me about a time when you helpe" resolve a "ispute between others% 'ick a specific incident. 5oncentrate on your problem solving technique and not the dispute you settled. -3% What position "o you prefer on a team wor$ing on a project ,e honest. If you are comfortable in different roles, point that out. -4% 8escribe your wor$ ethic% 8mphasi.e benefits to the organi.ation. hings like, determination to get the job done and work hard but enjoy your work are good.

-9% What has been your biggest professional "isappointment ,e sure that you refer to something that was beyond your control. $how acceptance and no negative feelings. .:% #ell me about the most fun you have ha" on the job% alk about having fun by accomplishing something for the organi.ation.

.*% 8o you have any questions for me &lways have some questions prepared. Buestions prepared where you will be an asset to the organi.ation are good. How soon will I be able to be productive9 and -hat type of projects will I be able to assist on9 are examples.

Questions on Finance (7apital Mar$et)

-hat is difference between primary market C secondary market9 -hat is the difference between depreciation and provision #o you think India is :ut of recession9 If #ebtors payment is D0 days then what is working capital of software company999 Is amalgation results windig up9 what is called re"capitali.ation 5apital"IB -hat is finance9 -hat do you mean by hedging9 what are the documentsEprocedure required for hypothecation of stocks -hat are off balance sheet items9 -hat is the !utual Funds9 -hat is the 'ortfolio !anagement $ervices 3'!$49 -hat is the difference between !utual funds and 'ortfolio !anagement services9 ;ive me detail explanation9

Financial 2nalyst Interview Questions

he position of financial analyst is considered to be a very lucrative job opportunity. his is one of the best finance jobs available in the job market which can really pay you well if you have all the qualities to become a successful financial analyst. he main task of a financial analyst is to give precise investment advice for the organi.ation in order to maximi.e their profits. 8ntry level financial analyst interview questions are generally tough and challenging and would require you to think in an analytical way. his is the reason why you need to go through some sample financial analyst job interview questions and answers. he financial analyst salary has seen a

growing trend over the years. ,efore we discuss these interview questions, let us first acquaint ourselves with the financial analyst job description in the next paragraph. Aob #escription of a Financial &nalyst & financial analyst is responsible for conducting a general financial analysis of the reports which he receives from various departments of the company in which he works. hese departments can be the marketing department, sales department or the production department. Financial analysts conduct a detail research over the various investment opportunities and prepare a final report of the same. his report is discussed by them with seniors or the higher management of the organi.ation. he task of these analysts, who are sometimes also referred to as business analysts, becomes extremely important as any wrong investment or financial decision can really be detrimental to the interests of the company. Financial management, reading financial statements of the organi.ation, learning new techniques of financial analysis and fact verification are some other tasks which are performed by financial analysts. In order to become a financial analyst, you should ideally have a graduation degree in marketing, sales or preferably in finance. & post graduate or doctorate degree can increase your chances of getting a high flying job to a great extent. 2ow, having understood the duties of a financial analyst, let us know about the financial analyst interview questions in the next paragraph. 7ommonly 2s$e" Financial 2nalyst Interview Questions ;eneral Buestions

ell me about yourself and your educational qualifications -hat exactly was your job profile in your last job9 -hat was the reason for you to resign from your last job9 &re you really interested and looking forward to a career in the finance sector9 -here do you see yourself five to seven years from now, personally and professionally9 -hy should we hire you9 &re you ready to give your hundred percent while doing all the work given to you9 &re you capable of working in a team9 -hat is the salary that you expect9 #o you have a positive attitude and passion for your work9

!ost 5ommonly &sked echnical Buestions &re you capable of creating sales reports for the entire month9 5an you explain the concept of capital market9

8xplain the importance of ratio analysis in financial planning -hich practices are used for financial reporting9 -hich profitability models are generally used for forecasting9 How can you calculate the cash flows of a company9 -hich stocks do you track on a daily basis and why9 ;ive the exact definition of marginal costing -hat precautionary steps do you take to avoid giving wrong financial analysis9 -hich are the latest softwares available for accurate financial analysis9 5an you state the advantages and disadvantages of activity based costing9 Have you ever committed mistakes in your task of financial analysis9 If yes, then how did you rectify them9 -hich method do you follow to find the valuation of a company and why9

277>?=#I=& Q?;S#I>=S I=#;@AI;W

&ccountants are extremely important employees of any organi.ation. hough their job profile involves many, behind"the"curtains duties, their timely execution of duties keeps the organi.ation functioning. here are several different types and sub"types of accountants, who are involved in indifferent duties, such as accountants for credit, record and analy.e the credit related activities of the organi.ation. Investment accountants keep up the different investment related records and staff accountants are in charge of all staff related financial transactions. ?now more on job interview questions and answers.

2ccounting Interview Questions to 2s$

-hen employers hire accountants, there is quite a dilemma about what questions should be asked to the candidate. $ince the field is quite vast and dynamic and with every accounting concept having a different effect on the books of accounts and the financial condition of the company. he following are some of the questions that one can ask during the interview.

7ommon 2ccounting Interview Questions

he following are some random questions that can be asked to the candidate to evaluate his competency as an accountant and also get to know his perception of the field of accountancy.

-hy have you chosen accountancy as your career9 -hich accounting software, are you familiar with9 -ill be able to work over"time as the financial year end approaches9 3&nswer should be yes, though it won)t be exactly necessary.4 -ould you like to work over"time as the financial year end approaches9 3(ogical answer is )I wouldn)t have to because I have a habit of keeping all books undated and true to fact).4 &fter you come back from grocery shopping, do you immediately put all the things into the refrigerator or cupboard9 3logical answer should be )yes)4 -hat time did you arrive for this interview9 3&nswer7 perfectly in time4 -ould you be able to prepare books of accounts by using just a set of papers and a pen9 3If the answer is yes, then you have a very good candidate sitting in front of you4 #o you read the business section of the newspaper every day9 ;iven a choice, would you prefer a salary from under the table, without any deductions and taxes9 3%es is the worst answer that can be given.4 -ould you compromise on the quality to get larger quantity of production9 3(ogical answer should be no.4

;ntry Bevel 2ccounting Interview Questions

he above mentioned questions were generali.ed in nature and would give you an impression about the person)s aptitude and seriousness towards maintaining punctuality towards the accounting functions. he following are some questions, that would help you to test the knowledge of the person.

F. -hat is the meaning of #r and 5r in the ledger books and what is the effect of one transaction on each column9 he terms #r and 5r stand for )debit recorded) and )credit recorded) and are widely used in the double entry system. &ny kind of expenditure and loss is recorded on the debit side and whatever is gained or profited during the transaction goes to the credit side.

=. From the point of view of the company, what is better G& tax or sales tax9 G& tax is better than sales tax because, in spite of the compliances involved the taxpayer needs to only pay what value has been added into the product. &nother advantage is that G& can get the company valuable tax credit.

H. -hat is better, timely payment of installment to a lender out of a bank account, or casual reserve, or a late payment9 he answer in this situation can be tricky to interpret, but a payment out of a reserve if inflow of cash in near future is assured, is better than late payment. ,ut if inflow is not assured then late payment is a better choice.

Finance Interview Questions

he field of finance, accounting and banking are diverse and yet closely inter"related. Aobs in the financial sectors are one of the highest paid careers in the +$ and their interviews range from questions about your personality to the ones testing your financial knowledge. &lthough one can)t prepare for each of the finance interview questions, it is definitely important to keep one)s basic concepts extremely clear. his can help an individual to crack the interview.

Finance Interview Questions an" 2nswers

5andidates who are interviewed for jobs in finance operations or finance sector jobs must have skills of numeric ability, share market, capital investment and various other branches of finance. Here is some information about finance interview questions for freshers.

8escribe yourself -ell, we all know that this is the most basic question that is asked in any interview, however, an excellent response to this question is like winning half the battle. his question can convey to the interviewers your confidence and passion for the work. In regards to the answer to this question, you can mention about your strengths and positive aspects of your personality. %ou can also talk about your hobbies and areas of special interest.

#ell us about your e"ucational qualifications his question can be answered by summari.ing your interest areas since your school days. %ou must talk about your educational qualifications and what motivated you to pursue a certain field. In case you have some work experience, give examples of challenging projects that you handled while working in finance field. &lways substantiate your answer with some authentic examples. his is one of the most important finance interview questions. <ead more on tough interview questions.

What are the goals that you have establishe" for your career his is one of those finance interview questions that can easily answer about your career plan and how serious you are with respect to your career. In a response to this question, you can mention about your goals that you have planned to achieve within a time gap of two to three years, like taking financial advisor certificates and then working for two years to understand the industry. <ead more on good interview questions.

What steps have you ta$en to achieve your goals his question is an excellent way to make your prospective employers believe that you are genuinely interested in this career. his is one of the most interesting finance interview questions that must be answered with confidence. In an answer to this question, you can talk about the research you have done before coming for the interview about the firm and after doing the research you found out that the firm supports worker and reimburses for tuition of a !,& degree in the future. %ou can say that you plan to do your !,& after two years and working in this firm will be rewarding for you in career terms. <ead more on common interview questions.

Finance Interview Questions to 2s$

How do you take up challenges9 -hat are the parameters that one must consider while choosing a stock9 -hich is better for a firm, debt or equity financing9 -hat factors make impact in mergers and acquisitions9 8xplain interest on a certain capital9 -hat are your strength areas in finance9 -hat does success and failure mean to you9 -hat are the merits and demerits of various accounting packages that have been used by you recently9 hrough some examples explain the cash flow statement with pipeline theory9 -hat do you mean by accumulated depreciation9 -hat do you mean by fictitious assets9 -hat is meant by the term trail balance9 -hat is consolidation9 ;ive some names of efficient software that are used in accounting packages9 -hat are your strengths9 -hy do you want to choose this career9 -hat is 'urchase :rder9 #efine <econciliation $tatement9 8xplain what is meant by company code9 -hat are sundry creditors9 8xplain differences between accounts and finance9 8xplain the terms7 fixed cost, variable cost and marginal cost9 -hat is the significance of ,reak 8ven 'oint9 8xplain what is meant by charging back9

How does goodwill affect the net economy of a firm9 #escribe a current event in the market that has significantly affected the market9 -hat have been your proudest accomplishments9 -hat is recession and discuss factors that cause recession9 #o you think the banking system needs improvement in the procedures after recession has affected the country9 -hat according to you is an ideal job for you9 -hat is data audit stored9 -hat differentiates between pay check and pay slip9 #escribe some problems that you faced while working on your previous position9 #ifferentiate between I"banking and 'rivate 8quity9 -hich maga.ines you prefer to read for business news9 #o you read -all $treet Aournal9 If yes, what is the latest news today9 2ame some newspapers that you read for financial news of global economy9 -hich is a better indication of firm)s growth9 ,alance sheet or income of statements9

Investment Can$ing Interview Questions

%es, the market is rising againII hat)s a good news for all of usI $everal job avenues for marketing, financial management, accounting, investment banking, etc. are once again finding place in the employment advertisements. herefore, many competitive souls are catching interview appointments with large multinationals and are securing jobs for themselvesI $o you are interested in investment banking9 &nd your job application posted somewhere in the past, has yielded you an interview in some investment banking organi.ationI -ell, its great to know, but are you ready for the interview9 :f course, as a responsible career aspirant, you would certainly beI However, revise some investment banking interview questions, which are likely to be asked to you during the interview. <ead more on investment advisor and career opportunities.

Interview Questions for Investment Can$ing

&t the outset, I)ll answer a question, what is investment banking9 Investment banking is all about managing corporate collaborations, acquisitions, raising capital, trading securities, etc. he financial institutions that deal in all these matters are termed as investment banks and receive most of their profits from large companies and multinationals by insuring bonds, issuing and selling off securities in markets and rendering professional advice on collaborations and acquisitions. -ith an overview of what is investment banking, we can now move on to investment banking interview questions. o ask, there would be questions pertaining to your personal details, technical knowledge, etc. $ome of the questions asked in these rounds are dealt with in the following text. <ead more on job interview tips.

Investment Can$ing Interview Questions 5 /ersonal @oun" !ost people tend to have a casual attitude towards personal round, however, this is not the case with your prospective employersI %our approach towards your career and your life in general, are of prime importance to your employer. $o be sure, you prepare on all the below mentioned questions before going to the interview.

&cquaint us with yourself and your family9 #escribe some of your merits and demerits9 -hich is your biggest achievement in life9 How do you deal with criticism, at work and in personal life9 How do you cope up with or overcome failures9 #o you think, there)s a leader in you9 How much do you believe in teamwork9 -hat has been the biggest failure of your life, till today9 -here do you see yourself J " F0 years ahead in your career9 -hy did you choose investment banking as a career option9 -hat is the definition of success in your terms9

8xcept investment banking, what are the other career opportunities you are exploring in the market and why9 Investment Can$ing Interview Questions 5 In"ustrial Dnowle"ge @oun" his is not a very tough round, provided you have done your homework on the latest industrial trends, modern methodologies, etc. his round will deal with questions that address the entire industry and some questions would also check your study on the organi.ation, where you intend to workI herefore, ensure that you research and study the industry in depth, so that you would not become blank during this round. Here are some questions for your reference. -hat is the F $8 on today)s date9 -hat are your personal views on the headlines of the Financial imes published today9 -here do you see the interest rates F= " FK months down the line9 ell us about any happening of the market in the recent past. -hat was our organi.ation)s share price yesterday9 #escribe the current market scenario> we want to know your personal comments and views on the same9 -ho are our latest competitors9 In which areas is our organi.ation the strongest and which areas do you think, it is the weakest and why9 Investment ,anking Interview Buestions " echnical <ound In what way would you calculate an organi.ation)s -&559 -hat are the most common anti"takeover techniques9 $pecify the main line items of a cash flow statement. #istinguish between income statement and balance sheet. -hat do you mean by deferred taxes9 -hy do you think, two organi.ations collaborate with each other9 How you determine the firm value9 -hat are main factors affecting the corporate bond yield9

#istinguish between pooling accounting and purchase. -hich one would you prefer amongst both of them9 -hat is the meaning of working capital and how is it determined9 ell us in brief about the job description of an investment banking analyst9 -hich is your biggest concern in investment banking9 If you know the net income of a firm, then how would you determine its cash flows9 In what way would you value an organi.ation9 ell us something about convexity and duration9 How do you determine the delta of an option9 ell us about the difference between, prepayment risk and default9 ;ive us a short description of the underwriting process9

;7>=>MI7S I=#;@AI;W Q?;S#I>=S What is the importance of strategic management towar"s the success of a business $trategic management used to play a different after the $econd -ord -ar. $trategic plans of the past usually range H to J years. $ome companies could even have plans for F0 good years. hat is not possible today given rapid evolution of our society. What is inflation an" how is it measure" Inflation means an overall increase in the prices of goods and services. It is a decrease in the value of a currency. here are three types of measurement, 5ore Inflation, 5'I, and -'I. 5ore Inflation is a measurement of non"volatile goods such as food and non"precious metals. It leaves out goods like oil because oil)s price is subject to wild fluctuations. 5'I is the most common measurement, using a market basket of goods and measuring their price from a point in the past 3a 5'I of F00 is arbitrarily the same price level for FLM="FLMK4. hus, the equation is 3'rice of most recent market basketEprice of same market basket in FLM="FLMK4 N F00. he F00 is to give us the number we normally see. -'I is -holesale 'rice Index. It is a measure of wholesaler)s prices and is generally considered a pre"cursor to what 5'I will be 3as it takes time for goods to read the consumer4.

What are the effects of globali(ation on In"ian in"ustry Indian industry has progressed a lot due to globali.ation. & lot of improvement has been seen in Indian industry.

!ow "o tra"e barriers affect international tra"e

rade barriers come in many forms. Buota is one. his is when a country sets a limit to the imported products. his is done for a number of reasons. :ne is because the government of the importing country wants to protect the local manufacturers. In this way, trade barriers can affect the international trade because it does not promote free trade. -hen countries trade with each other they do not want to have trade barriers because it can result in an unfair trade where country & may export goods to country , but country , cannot do vice versa because country & sets up trade barriers such that it makes it very difficult for country , to export. :ne example is a trade barrier concerning with health and safety. What is @icar"os #heory ,riefly, the price of anything is based on comparative advantage. If &dam produces clocks better and cheaper than ,ill, all clock production should go to &dam. What is causing the rise in the price of oil he rise in the price of oil can be traced to a simple factor, but there are several other contributing factors. he simplest explanation is that the demand for oil is greater than the current production. -hen demand exceeds supply, price will increase, as people are willing to pay more to ensure that they get their scarce resource 3oil in this case4. #epending on your political views and knowledge of the situation, you may also believe that the production of oil is much lower than capacity because certain middle"eastern countries know that &merica depends on oil imports more than other countries. &n increase in oil prices will lead to a slightly weaker +$ economy.

Why "o some people believe that a mi'e" economic system solves basic economic problems It is because both the private sector and public sector have a say in answering the basic economic questions, thus, there will be a degree of high efficiency 3due to the private sector involvement4 and social welfare too 3due to the public sector involvement4. It allows the ;overnment to intervene when the economy faces market failure. he mixed economic system allows markets to operate freely until it fails to allocate resources efficiently, after this, the government agencies, such as the 8+ 5ompetition 5ommission, are able to correct for these failures. If this had been a completely free economic system, ;overnment agencies would not have the means of power to be able to intervene. Why is economics seen as a social science ,eginning with a definition7 he social sciences are a group of academic disciplines that study human aspects of the world. hey diverge from the arts and humanities in that the social sciences tend to emphasi.e the use of the scientific method in the study of humanity, including quantitative and qualitative methods. 8conomics is clearly a human phenomenon. 8ven though some topics in economics, such as game theory, are used in the natural sciences and mathematics, economics remains a study of purely human phenomenon. !ow is e"ucation an investment in human capital -ell, the idea of humans as capital means that humans have a certain worth to a company 3or society4. 8ducation increases that worth, making individuals more able to contribute to a company 3or to society4. herefore, investing in 8ducation... in your employees, for instance, is worthwhile because then your employees increase their value to you, as an employer. In a general sense, society)s investment in educational programs increases people)s value to society in general. !ow "o you "efine a control in economics & control in economics means a steady profit rate that is increasing. herefore, after one year you could have 9Fmill profit then the next year 9Hmill profit etc. What is @amsay pricing It assigns costs based on the price elasticity of demand. %et higher the elasticity 3elastic4, the lower the charge of fixed costs when allocated amongst products.

What $in" of mar$et "eman" an" supply information woul" be useful to you in "eci"ing upon a business strategy !arket #emand and $upply Information & customer"filled form of the following fields will be of great use. F4 #o you need product urgently9 =4 How many times have you visited our store9 H4 -as the proper information provided to you9 K4 -ere you attended properly9 J4 5an you afford to pay more for a quick delivery9 D4 Have you ever used our product9 /4 How do you know about our product9

What is C>/ It is called as ,alance of payments " an economic term. 3,:'4 measures the payments that flow between any individual country and all other countries. It is used to summari.e all international economic transactions for that country during a specific time, usually a year. he ,:' is determined by the country)s exports and imports of goods, services, and financial capital, as well as financial transfers. It reflects all payments and liabilities to foreigners 3debits4 and all payments and obligations received from foreigners 3credits4.

What is the inci"ence of ta' -ell tax incidence refers to who actually pays the tax. ax incidence can be divided into" F. Formal incidence7 the party liable to the tax =. Informal incidence7 party, who actually pays the tax

he tax incidence is decided by the elasticity of demand and supply for a good or service. What are the a"vantages of capitalism he advantages of capitalism are that the governments have limited control over other business, which lets business compete.

What is the "ifference between service in"ustry an" in"ustry in economy Industry is a generic term, but is most commonly used as a substitute term for a manufacturer of goods such as 'epsi or Ford. he term industry can also be used to refer to a very specific group of companies. he service industry is essentially non"good producing industries such as retail trade, wholesale trade, and the service industries. &ccording to the +.$. 5ensus ,ureau, these companies make up /0O of the total economic activity in the +nited $tates. ;ood examples of the service industry include health care, hospitality C accommodations, and real estate. he financial and insurance sectors would also be included within the service industry. In economic terms, the differences are essentially the same. his is obviously a little simplistic, but check out ;oogle Finance or any financial site under the $ector $ummary to see how each of the 6industries6 are broken down for the purpose of comparison and reporting. What is a tariff & tax on goods leaving or entering some place What is ?niversal Can$ing It generally refers to the combination of commercial banking and investment banking. It is a supermarket for both wholesaler n retailer financial services as it offers a wide range of financial services !ow "o ta' cuts affect the economy ax cuts improve the economy by giving the people more spending power and higher consumer confidence, which leads to them spending more of all of their income which leads to more jobs, more business investment in more efficient technologies, and ultimately higher ;#' growth.

What are the capitalist countries in the worl" 5apitalism is the dominant, most used form of government there is in the world today. 5urrently, over M0O of countries use capitalism and a free market economy. What is meant by the term =ational 8ebt -hen a government spends more than it receives in taxes, it runs a budget deficit, which is usually covered by issuing debt obligations to domestic andEor international investors. In the +$, these obligations are reasury bills, reasury notes, and reasury bonds. he total outstanding amount of such obligations constitutes a 2ational #ebt. Why "oes an in"ifference curve never meet 2o indifference curve can intersect because all points on indifference curve are ranked equally preferred and ranked or less more preferred than every other point on the curve.

What are the "isa"vantages of mi'e" economy system he disadvantages of a mixed economy really depend on how 6mixed6 it is. For instance, if it is mixed more towards a free"market, there is little regulation 3some may see this as a good, though4, but if it is mixed more towards a command economy, the control may stifle growth. !ixed economies can also have different characteristics. 8ach of these will share a different set of disadvantages. & will stifle profits due to it)s high tax structure, but will encourage new ideas due to its low regulation 3this could result in many weird effects such as an economy comprised almost solely of small, well"niche businesses4. , will encourage profits, but due to its regulation, some new ideas 3and some growth4 will be stifled. For instance, if environmental regulations are strict, the building of new plants or refineries might be lowered. his could result in a small number of very large and profitable businesses.

Is there a "ifference between corporate profit ma'imi(ation an" ma'imi(ation of sharehol"er wealth

$ure, profit maximi.ation relates to profits PonlyP while shareholder wealth also involves total company equity, debt ratios and any of FJ other financial performance measure ratios. !anagement could focus on profit maximi.ation over a longer period of time, say, K0 years 3 oyota4, while the shareholder would rather see stock values and corporate total value increase immediately 3get in and get out4 3L0O of &merican manufacturers4. If management focused on short"term profit maximi.ation, say at the expense of long"term sales revenues, then shareholder wealth 3stock price4 could actually decrease because of the loss of market share. What is the significance of foreign e'change rate ris$ an" how can this ris$ be mitigate" Foreign exchange risk is the level of uncertainty that a company must manage for changes in foreign exchange rates that will adversely affect the money the company receives for goods and services over a period. For example, a company sells goods to a foreign company. hey ship the goods today, but will not receive payment for several days, weeks or months. #uring this grace period, the exchange rates fluctuate. &t the time of settlement, when the foreign company pays the domestic company for the goods, the rates may have traveled to a level that is less than what the company contemplated. &s a result, the company may suffer a loss or the profits may erode. o minimi.e or manage the risk, companies enter into contracts to buy foreign currency at a specified rate. his allows the companies to minimi.e the uncertainty of the risk, so that they can price their products accordingly.

Why "o prices ten" to up ,ecause of the increasing inflation level

What is the impact on the economy if price ceiling or price floor were remove" 'rice ceiling is government rules or laws setting price floors or ceilings that forbid the adjustment of price to clear markets. 'rice ceilings make it illegal for sellers to charge more than a specific maximum price. 5eilings may be introduced when a shortage of a commodity threatens to raise its price a lot.

What is an interest sensitive goo"

hings like housing and autos tend to be affected by changes in interest rates because financing is typically required to make such purchases. If financing becomes more expensive due to an increase in interest rates, sales in these goods tend to be effected in a negative way. :n the other hand, when interest rates are low sales are usually positively impacted for interest rate sensitive goods.

What is 7ollateral management 5ollateral !anagement is a function to manage collateral effectively. It provides interface to enter collateral data, and it has a master data of collateral descriptions and types. It maintains customer, collateral, and credit account relationships so the amount of idle collateral can be determined. It is usually packaged in an application or part of the core"banking application. What is consumption 65onsumption6 is an old name for tuberculosis 3 ,4 that describes how the illness wastes away or consumes its victims. , is 6an ancient enemy6 that has plagued humankind for more than five thousand years. It can also mean to 6consume6, consumption of food or resources. What are the "ifferences between absolute a"vantage an" comparative a"vantage &bsolute advantage and comparative advantage are two basic concepts to international trade. +nder absolute advantage, one country can produce more output per unit of productive input than another can. -ith comparative advantage, if one country has an absolute 3dis4advantage in every type of output, the other might benefit from speciali.ing in and exporting those products, if any exist. & country has an absolute advantage economically over another, in a particular good, when it can produce that good at a lower cost. +sing the same input of resources, a country with an absolute advantage will have greater output. &ssuming this one good is the only item in the market, beneficial trade is impossible. &n absolute advantage is one where trade is not mutually beneficial, as opposed to a comparative advantage where trade is mutually beneficial. What is the importance of microeconomics in stu"y of managerial economics It@s a economics for decision making where we have to be very optimi.e and implement those situation which will be helpful in profit maximi.ation in our business effectively and efficiently

$ince the microeconomics explains the concepts like demand, production, supply analysis, so that it maximi.es the profit.

What is profitability analysis his is an analysis of costs and revenue to determine whether a venture will make a profit. his is important information in deciding on whether to make an investment. he length of time required to repay the initial investment can be a critical factor. 8oes ;urope the ?S2 or 7hina have the largest economy F" 8urope 3remember Italy, French, +? and ;ermany are K world)s power4 =" +$& H" 5hina. =00D ;#' Figures from the 5I& -orld Fact book, in rillions of dollars, purchasing power parity7 8uropean +nion7 FH.0M0 +nited $tate7 FH.0D0 5hina7 F0.=F0 'rior to =00J, and probably back to FLK=, the +nited $tate surpassed the 8+. What currency was use" in the *3::s his depends on the country. !ost currencies, however, were based on gold and silver. In &merica, in the FH colonies, tobacco was mostly used as a type of currency.

!ow tourism is an upcoming in"ustry ourism is an upcoming industry because it is generating high level of income, nowadays it is third number of high income generating industry...

What "oes macroeconomics mean

he study of the overall aspects and workings of a national economy is such as income, output, and the interrelationship among diverse economic sectors. It is the study of all aspects of the economy. It is different from microeconomics, which studies how individual entities 3such as people, families, or even corporations4 fit in the economy. &s the word macro economics mean the economic which deal with aggregate term. eg macro economics deals in national income of economy and it deal in all income and expenditure. macro economy also deal in balance of trade and payment. What is globali(ation an" what are its effects on the In"ian economy It is largely positive. ;lobali.ation has brought many jobs and large sums of investment to India. India)s economy has been growing at exceptional rates for the past several years and many new opportunities have opened up for India. %et, India does remain quite poor. Its ;#' per capita is less than Q=,000, a fraction of the ;#' per capita found in some (atin &merican and 8astern 8uropean nations. !ost of those who profit from globali.ation in India are the upper classes, with many in the lower classes being displaced and suffering from miserable labor conditions. 2onetheless, globali.ation has created a large economic boom for India with largely positive effects #efine economics on the welfare and scaruty of resources. 8conomics need to be studied to see where the economy is going, what can be removed from the economy and what can be added in order to improve it. 8conomics is one of the fundamentals of business and if studied carefully, one can do very well business if all the right moves are made. What is a monopoly -hen one business or company dominates its area and squee.es out all its competition, the result is the consumer does not have a free choice, and inevitably, the price of its products or services will increase, and the )!onopoly) increases its profit. &lthough, sometimes prices stay low to discourage anyone from entering the market, profit still does occur. 2ot to be confused with a pure monopoly, where a company has control over the entire market for a product because of barriers. However, a monopoly is a philosophical process of direct competition leading to a pure monopoly it is not in itself a purely dominating force. It is rather, the process of obtaining competitive grounds for strive toward total control.

What is the "ifference between project proposal an" project feasibility stu"y

'roject feasibility study is required to make a decision whether the project proposal is technically and economically feasible. &fter finali.ation of the project feasibility report by the experts 3technical C economical4, the decision for going ahead for preparation of #etailed 'roject <eport 3#'<4 for the project proposal.

!ow woul" you "ifferentiate between stri$e labor "ispute an" labor unrest +nrest is unexcused walkouts or absences or you have unresolved issues that may lead to a strike. (abor strike is just that. -orkers walk out on jobs and do not return until a new contract is negotiated and approved by membership What is the "ifference between an economic lu'ury an" an economic necessity &n economic luxury is wasting land on pools huge garden, etc. &n economic necessity is what you need a certain amount of space 3houses4 to make something very necessary 3to live in4 What perfect competitive mar$et an" pure monopoly mar$et have in common & perfect competitive market and pure monopoly market both have to follow the 6law of demand6. What is tric$le "own economics & derogatory term applied to <eaganomics, or supply"side economics, trickle"down economics is the theory that tax cuts for the wealthy merely 6trickled down6 to the bottom groups and that the rich benefited at the expense of the economy. $imilar criticisms were raised about the supply"side tax cuts enacted by reasury $ecretary &ndrew !ellon in FL=F but not for those made by Aohn ?ennedy in the FLD0s. $upply"side cuts involve cutting taxes across the board but most dramatically for those in the top tax brackets. he rationale was that those who paid the most taxes would then be able to reinvest their tax 6savings.6 hus, supporters have countered the phrase 6trickle"down6 with the one coined by Aohn ?ennedy7 6a rising tide lifts all boats.6 What is the Service sectors percentage in In"ian &8/ 5urrently service sector is contributing JJ.FOtowards ;#'

What are the steps in hypothesis testing

&n experiment is described by an exponential random variable with mean 9 and xF and x=. & proposed test of the hypothesis 91= against the alternative 919 uses the critical region R3xF, x=47 min3xF, x=4 S9T $how that this test has si.e of approximately 0.== and find its power. :btain a better test of the same si.e What is privati(ation 'rivati.ation is the transfer of ownership from the public sector 3government4 to the private sector 3business4. Why "i" the ;uropean ?nion ma$e monetary unification I think the reason was that by standardi.ing the monetary system, trade between the countries of the 8+ would become much less complicated, and therefore easier and hopefully would increase significantly, benefiting all involved. What happens to unsol" newspapers hey are picked up by the delivery driver and transported back to the distribution center where they are kept for recycling. Is it true that government revenues are increase" because of lower ta' rates It is true to a point. he (affer curve shows that revenues increase as the tax rates rise 30 tax rate 1 0 revenue4 up to a point, but the increase slows as the rate rises higher and at some point total revenue begins to decline. If your incremental tax rate is FO and you can work K hours to make QF00, you will get to keep QLL and most people would be willing to do this. %ou would probably will to work the extra hours if you were taxed J or F0O. However, if you were subject to an incremental rate of LLO, you would not work that long knowing the government was only going to let you keep QF. he 6magic number6 seems to be somewhere around FJ"=0O. If the rates are above this, people are not motivated to increase their earnings. ,ig corporations react the same way. Which is a better measure of economic well5being real &8/ or =ominal &8/ -ell real ;#' takes into account the inflation rate and thus is more accurate at recording the actual increase in production activities. herefore, <eal ;#' is better.

What is a retention bonus & <etention bonus is an incentive paid to a key employee to retain them through a critical business cycle. his could be a transitional period 3such as mergers and acquisitions4 to ensure productivity or to meet a critical milestone. It has proven to be a very good tool in persuading employees to stay. What is the "ifference in changing the scope between a spiral approach an" a waterfall approach he scope of requirements changes in -aterfall model is less than that in $piral !odel. In -aterfall model, you progress to the next stage only when the requirements of the stage above it are finali.ed and signed off. $o literally, we do not have any scope of changing the requirements once we move down the phases in this model. However, $piral model gives us flexibility to change the requirements and scope anytime during the life cycle. In this model, we implement the individual requirements following all the standard phases of $oftware (ife 5ycle. herefore, if any new change is there, we can implement it in next version of the software. What is globali(ation an" what are its effects on the In"ian economy It is largely positive. ;lobali.ation has brought many jobs and large sums of investment to India. India)s economy has been growing at exceptional rates for the past several years and many new opportunities have opened up for India. %et, India does remain quite poor. Its ;#' per capita is less than Q=,000, a fraction of the ;#' per capita found in some (atin &merican and 8astern 8uropean nations. !ost of those who profit from globali.ation in India are the upper classes, with many in the lower classes being displaced and suffering from miserable labor conditions. 2onetheless, globali.ation has created a large economic boom for India with largely positive effects #efine economics on the welfare and scaruty of resources. 8conomics need to be studied to see where the economy is going, what can be removed from the economy and what can be added in order to improve it. 8conomics is one of the fundamentals of business and if studied carefully, one can do very well business if all the right moves are made.

What is the opportunity cost of "evoting scarce university lan" to car par$ing

$ince opportunity cost is defined as the cost of any activity measured in terms of the best alternative activity, which is forgone, in this case, the opportunity cost can be a field for students to play around or a land where a library can be built. &nother example would be the opportunity cost of coming to school. his answer will be the time enjoyed going to the cinema or time spent with your partner. Hence, the opportunity cost of coming to school will be the cost of not going to cinema and spending time with your partner.

!ow "o re"uctions in government spen"ing affect the economy ;enerally the government is very good at wasting money and resources so less spending, by the government helps the economy as those resources are allocated in areas that are more efficient. !ow "o the "eterminants of "eman" affect the price of a particular pro"uct &s demand for a good goes up, the price goes up. $o any determinant of demand that has positive or negative effect on demand will have the same affect on the price. What is a monopoly -hen one business or company dominates its area and squee.es out all its competition, the result is the consumer does not have a free choice, and inevitably, the price of its products or services will increase, and the )!onopoly) increases its profit. &lthough, sometimes prices stay low to discourage anyone from entering the market, profit still does occur. 2ot to be confused with a pure monopoly, where a company has control over the entire market for a product because of barriers. However, a monopoly is a philosophical process of direct competition leading to a pure monopoly it is not in itself a purely dominating force. It is rather, the process of obtaining competitive grounds for strive toward total control.

!ow "oes outsourcing affect the economy In principle, outsourcing makes things a little cheaper and increase profitability. However, some things need to be done )in house). For example, some employers 3largely4 outsource recruitment to key posts. he people making the decisions may be good at picking bright people, but they often do not really know what is needed by the employer. In ,ritain, it often said that corporations )hire people who are good at getting jobs but bad at doing them). o the extent that this is true, it is damaging for all concerned.

What is an >ligopoly :ligopoly is a market where the supply is controlled by a small group of companies. In this condition, the actions of one company will have a material effect on the entire market for a product. $everal characteristics of an :ligopoly7 F4 $ubstantial barriers to entry =4 !arket dominated by a few large firms H4 #ifferentiated products K4 'rice rigidity &n example of this type of monopoly would be the corporations Gisa and !aster5ard. hey are in the business of card securities and hold major market share. However, it could be noted that Gisa holds more of a pure monopoly status> !aster5ard does have a high level of control to create a competitive market situation.

!ow "o you e'plain &=I per capita & measure of the wealth is earned by nations through economic activates all around the world. ;ross 2ational Income comprises the total value of goods and services produced within a country 3i.e. its ;ross #omestic 'roduct4, together with its income received from other countries 3notably interest and dividends4, and less similar payments made to other countries. It is also known as ;2'. It can be calculated as follows7 ;2I 1 ;ross #omestic 'roduct U 2et property income from abroad.

What is the average stan"ar" of living in 2frica It is extremely low. &frica is the most impoverished continent on the face of the planet. he average &frican has scarce access to safe drinking water and most commonly lacks plumbing. 6Informal housing6 is the rule with electricity and safe transportation remaining luxuries. 8ven life style attributes taken for granted by the average !exican or <ussian are out of reach for many &fricans. In terms of employment, many &fricans are unemployed or employed in agriculture. $ub"$aharan &frica in particular is one the world)s poorest regions. &ccording to the -orld ,ank /K.LO of the population lived on less than Q= a day in =00H> KKO lived on less than QF a day. What are the a"vantages of regional integration &dvantages of <egional Integration !ost economic experts cite that regional integration allows disadvantaged countries to reali.e economies of scale, compete on a broader 3often global4 platform and increase overall economic efficiency. &lassane #. :uattara the #eputy !anaging #irector of the International !onetary Fund states that regional integration )enables participating countries to pool their resources and avail themselves of regional institutional and human resources, in order to attain a level of technical and administrative competence that would not be possible on an individual basis).

What is the a"vantage of mi'e" economy system &dvantages are7 F4 'eople can make there own decisions =4 he government has limited control, which is good for structure H4 'rovides freedoms such as 8nterprise, ownership, $ocial -elfare, 'rofit 8arnings, 'olitical Freedom K4 &ll national resources are utili.ed under mixed economy. J4 It will activate the government support and direction.

What are the a"vantages an" "isa"vantages of both a fi'e" e'change rate regime an" a fle'ible e'change rate regime here are two ways the price of a currency can be determined against another. & fixed, or pegged, rate is a rate the government 3central bank4 sets and maintains as the official exchange rate. & set price will be determined against a major world currency 3usually the +.$. dollar, but also other major currencies such as the euro, the yen, or a basket of currencies4. In order to maintain the local exchange rate, the central bank buys and sells its own currency on the foreign exchange market in return for the currency to which it is pegged. If, for example, it is determined that the value of a single unit of local currency is equal to +$# H.00, the central bank will have to ensure that it can supply the market with those dollars. In order to maintain the rate, the central bank must keep a high level of foreign reserves. his is a reserved amount of foreign currency held by the central bank which it can use to release 3or absorb4 extra funds into 3or out of4 the market. his ensures an appropriate money supply, appropriate fluctuations in the market 3inflationEdeflation4, and ultimately, the exchange rate. he central bank can also adjust the official exchange rate when necessary.

What are the "ifferences between absolute a"vantage an" comparative a"vantage &bsolute advantage and comparative advantage are two basic concepts to international trade. +nder absolute advantage, one country can produce more output per unit of productive input than another can. -ith comparative advantage, if one country has an absolute 3dis4advantage in every type of output, the other might benefit from speciali.ing in and exporting those products, if any exist. & country has an absolute advantage economically over another, in a particular good, when it can produce that good at a lower cost. +sing the same input of resources, a country with an absolute advantage will have greater output. &ssuming this one good is the only item in the market, beneficial trade is impossible. &n absolute advantage is one where trade is not mutually beneficial, as opposed to a comparative advantage where trade is mutually beneficial. What a"vantages might a socialist system have in respon"ing to the nee"s of the poor he socialist system is based on the notion of equality for everyone, everyone has a job and everyone has a place to live. 8veryone has to forfeit his or her class rights in a socialist system. & socialist system has universal health care and dental care, childcare, as well as similar access to resources such as food and water. Ideally, the socialist system could cater to the needs of the poor because it provides equal access to all folks, regardless of income.

&lthough advantageous to the poor, the socialist system can mean heavy taxation on all citi.ens. here could be corruption as well as unequal access to resources, which means that the people who tow the party line usually have more access to better goods. he socialist system means highly unusual labor quotas, food ration cards, long lines at the store, or below superior quality goods available.

What are the functions of price mechanism in a free mar$et economy 'rice !echanism 'rice mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. he price mechanism is one, which allows the prices of good and services to be decided by the interplay between supply and demand. here is no centrali.ed price fixing. he price mechanism is the concept that the free market, when left to its own devices, will formulate fair prices of the goods or services on its own by the natural laws of supply and demand. What is the impact on the economy if price ceiling or price floor were remove" 'rice ceiling is government rules or laws setting price floors or ceilings that forbid the adjustment of price to clear markets. 'rice ceilings make it illegal for sellers to charge more than a specific maximum price. 5eilings may be introduced when a shortage of a commodity threatens to raise its price a lot. What is inflation It is when the price of everything starts going up. :ften an outside stimulus can start a cycle of inflation. he price of goods and services is going up because of an over supply of money. &s the amount of money in wallets increases so does the temptation to increase prices, which increases costs 9 especially by banks and finance institutions9, hey have the least to lose as they hike up interest rates to regain losses. What are the a"vantages of leaving resource allocation to price allocation he J advantages are 2eutral, Flexible, Freedom of choice, 2o administrative cost and lastly #iminished incentives. #istinguish between diminishing returns and diseconomies of scale. #iseconomies of scale I guess means as you produce more it becomes more expensive to produce. For example, you produce output F for Q= but output = for QJ thus the second one required QH 2ow let us say input for output F had to be doubled for input =. :ne land gave output F. :utput =

needed = lands. hen there are not diminishing returns. However, as second land was costing QH there was diseconomies of scale.

What is the role of In"ian government in In"ian economy ?eynesian 3Aohn ?eynes4 economics is all about using monetary and fiscal 3;overnment4 policies to help direct the market towards equilibrium. ?eynes did not believe that the market was self"correcting, and thus required government involvement. ?eynesian economics also uses the view that prices are constant in the short term and only adjust in the long term 3sticky price theorem4. his delay in price adjustment pulls the market away from equilibrium.

What is an opportunity cost :pportunity cost is cost of an alternative that must be forgone in order to pursue a certain action. 'ut another way, the benefits you could have received by taking an alternative action. 5oncept of opportunity cost is central to economics because it reminds us that everyday we each have choices to make and for each choice, that we make there is a second best option that we foregoRthat we pass upT

What is pricing of Factors of /ro"uction -henever we have touched on the pricing of productive factors, we have signified the prices of their unit services, i.e., their rents. In order to set aside consideration of the pricing of the factors as 6wholes,6 as embodiments of a series of future unit services, we have been assuming that no businessmen purchase factors 3whether land, labor, or capital goods4 outright, but only unit services of these factors. his assumption will be continued for the time being. (ater on, we shall drop this restrictive assumption and consider the pricing of 6whole factors.6

What is meaning of mar$et economy he meaning of a market economy is in which the decision and production are made. he consumption of goods services are based on voluntary exchange in markets.

What "oes it mean when a rupee appreciate I think the answer to this question lies in the reasons, which are contributing to the rise and fall of a price of any commodity. India has now good amount of dollars and as such, demand of dollars has come down comparatively. !ow best to "efine economics 8conomics is usually defined as the problem of how best to distribute limited resources, limited because wants are characteri.ed as unlimited, but common sense tells us that rather than limited resources, there is an abundance of resources. he difference is one of perspective and this is core to any alternative understanding of economics. If wants are the focus, then of course resources are limited by definition, but if minimum needs or essentials are used as the foundation, then resources are seen to be abundant. he difference is between a description and an explanation. & focus on wants or desires describes a market situation, while a focus on essentials or needs allows an explanation of choices to begin.

!ow "oes one arrive at a competitive pricing strategy for a multi5service practice where there are no specific pro"ucts in question If your question is competitive pricing of services then utili.e &,5 3&ctivity ,ased 5osting4 to determine the 5ost per activity related to the service. &ccumulate all such activities into a package and arrive at 5ost per 'ackage. &naly.e the overall revenues that packages may stream in discounted over the next three years. %ou now have two points of 'lay a4 5ost per package b4 :verall discounted cost per enhanced package

What is the marginal cost of capital !arginal or incremental cost of capital is cost of the additional capital raised in a given period

!ow "o the "eterminants of "eman" affect the price of a particular pro"uct &s demand for a good goes up, the price goes up. $o any determinant of demand that has positive or negative effect on demand will have the same affect on the price.

&eneral Eob Interview Questions about Fou

What is your greatest wea$ness

-hen I)m working on a project, I don)t want just to meet deadlines. <ather, I prefer to complete the project well ahead of schedule.

,eing organi.ed wasn)t my strongest point, but I implemented a time management system that really helped my organi.ation skills.

I like to make sure that my work is perfect, so I tend to perhaps spend a little too much time checking it. However, I)ve come to a good balance by setting up a system to ensure everything is done correctly the first time.

I used to wait until the last minute to set appointments for the coming week, but I reali.ed that scheduling in advance makes much more sense. ;'perience I don)t have experience in the banking sector, but I consider it as a great challenge in my career. 8ifficult to 7on"emn I find it difficult to condemn people. 8ven if they seem not really useful or active, I still want to bring out the best in them. Ba(y /eople I feel bad when I work with la.y people and those that don)t complete their work on time. Ba(y /eople I feel bad when I work with la.y people and those that don)t complete their work on time.

My /arents !y parents are my greatest weakness. I)m very sensitive about my parents because they expect a lot from me. Wea$ness in communication !y weakness is in 8nglish communications. I know it is a temporary problem. I will definitely put in an effort to improved and get success. What is your greatest wea$ness I find it hard to cope up with people who work slowly. I 7anGt Sleep If I)m involved in a project, I can)t sleep at night until I can complete the task. My greatest wea$ness It)s hard for me to accept that I don)t have any clue about any question that may come my way and I always force myself until I get things right. &reatness an" Wea$ness !y greatness is the achievements that I)ve done in my life and my weakness is those things or emotions that distract me when I)m doing something. ;fficiency my greatest weakness i am just nervous if I am hurt by someone then after my work is to be improved in such a way and doing better as well as possible by me What is Four &reatest Wea$ness I am not a people person, I work well alone but do not care for a large group of people. I can delegate and teach but I don)t do people well. IGm a Wor$aholic !y greatest weakness is that I)m a workaholic. I don)t want to stop until I)m perfectly done with my job for the day. What is Four &reatness Wea$ness I find it very hard to stay on a restricted diet because I have a weakness for junk food whenever I get stressed. 7onfi"ence in Myself

If there)s something that i don)t understand, I will be shy to ask for help, will try and summari.e or try to put my question in a professional way. I get a disappointment if I don)t win. 7riticism 5riticism of the people around me. I take criticism positively with clear mind set. 5riticism doesn)t really mean that you are not good but they see a room for improvement, for you to be a better person and on the long run to be the best. =ames I have difficulties in pronouncing names but I have reali.ed that and I am now working on it. &reatest wea$ness It used to have an inability to accept constructive criticism, but as I was taking courses at college in human resource management, I learned a lot about being a better employee and what was expected of me. I really had to work on it, but I)m a much better person for it. I Have a $hort emper I have a short temper. I can get angry very easily. -hat is your greatest weakness9 I always want to be given the room to do my best rather than someone always issuing instructions to me. #urn a Wea$ness into a /ositive &s a human being created by our almighty ;od,we do experienced such mistakes in every decisions we had preferred to expressed, my weakness is that I turn it to be positive one. Stage Fright !y greatest weakness is stage fright. -henever I)m on stage I feel nervous and if shiver out of fear. IGm 2gressive I)m agressive by nature. However, over the years I)ve matured and have come to a balance of being well composed , articulate and collective. Ceing !onest

I hate working. I only do it for the money and I only pretend to give a darn. +sually everyone hates me because I)m more important than everyone else. his goes on until I get fired. I probably won)t do anything about it. I already hate this job. Spelling !y spelling is below 3my own4 standards, so I find myself using spell"checks and the dictionary often. I am constantly trying to improve my spelling by looking up words that I am unsure about. &reatness Wea$ness -hat I want to say it answering this question. I have a hard time relating to this question. I was a receptionist. #eacher Who 8oesnGt 8o Besson /lans !y greatest weakness is that I don)t do lesson plans and review what Ii am going to give to the children before I present to the them.

What is your greatest strength 5 Sample 2nswers

-hen I)m working on a project, I don)t want just to meet deadlines. <ather, I prefer to complete the project well ahead of schedule. I have exceeded my sales goals every quarter and I)ve earned a bonus each year since I started with my current employer. !y time management skills are excellent and I)m organi.ed, efficient, and take pride in excelling at my work. I pride myself on my customer service skills and my ability to resolve what could be difficult situations.

Frien"ly an" fair I am a very friendly and fair person . If I)m faced with problems or situations I make sure to get them resolved before the end of the day. I use my failures and mistakes as opportunity to learn and grow. Wor"age I take pride in being sesquipedalian, and try to exhibit it whenever possible. Celief in Myself

!y greatest strength is my belief in myself. I believe I can do anything if I have confidence in myself. here is no word like impossible in my life. $econdly, my friendly nature and acceptance of changes are my strength. My strength !y greatest strengths are myself motivation, team work, and leadership. I li$e to show my effort !y effort is much when I work and time I work incredibly much on projects. #o Ce 2ble to Wor$ un"er /ressure !y strength to be able to work under pressure and adjust to an abnormal situation and give my best at the same time, while learning on how to overcome the problems that I went through when I was dealing with the task. My &reatest Strength !y greatest strength is being able to take the focus off of myself and listen to the needs of the person I am working with. I am able to work with the individual to accomplish their goals without impressing my values, beliefs, and desires on them. Strength in analytically problem a am best at analytically skill and symmetric skill which is give me to strength to understand people )s behavior and their react toward the particular point. My parents support !y best strength is my parents who always guide or motivated me to do best in my life. &reatest strength for every job , I like to study the related things , in which way can i satisfy the stated objectives. and basically I am cool minded so I believes that for each work there is a problem thus as the same way there is also one easy way to fulfill the goals. My &reatest Strength I am very cool minded. I do every and each responsibility and job given to me without any pressure. hat@s why I always finish my work by deadline without mistakes. Strength In this question you would answer what your professional strength such as outsourcing 6!y greatest strength is my understanding in manufacturing by which I can estimate the

price of the part and then I negotiate the price. find out the supplier is capable of doing our company job done on time and keep try to find out the new supplier with quality and competitive price and$ave money to achieve the company objective. 7ommunication s$ills I am good at sociali.ing and am accustomed to do lots of talking to the clients. I presume I)m a bit of a psychologist as my primary goal is to listen to a person, try to analy.e and understand hisVher point and give himVher my helping hand or a shoulder to cry on. /ri"e in My Wor$ 'ride in my work, organi.ed, and efficient. (ike a challenge and see things through to the end. Will /ower !y will power encourages me to do more and more and finally I get what I want. I =ever &ive ?p I never give up and that@s how things become easy for me. Celieve in Fourself !y greatest strength is my belief in myself. I believe I can do anything if have confidence in me. here is no word like impossible in my life. $econdly my friendly nature and acceptance to the changes are my strength. I =ever Beave #hings Incomplete I never leave things incomplete. I have great determination, devotion and love for my job. Willpower I have much strength... my top most strength is my willpower. $econdly, I consider my confidence, enthusiasm, and friendly nature, ability to convince people, desire to learn, and perfection. Quic$ Wor$ I understand problem immediately and solve the problem. Self 7onfi"ence !y best feature is my self confidence, positive attitude, quick decision making, and make things easier from complexity, and most of all my ambitions, which are higher than my si.e. 7omparison with >thers I think my strength is" I do my work with honesty, responsibly, and I finish my work on time. &nd one more thing is I always see my friends, neighbors as my competitors. My /ositive =ature

!y greatest strength is my extremely positive nature. I am a positive person and i am very confident that whatever I am doing is perfect for me. IGm Strong I am physically strong, sound mind in the sound body. I always respect each and every employee of the organi.ation whether peon or clerk . I am a good learner. I always keep myself cool and calm even in the tense situation also, and always achieve the organi.ational goals. Se"ate I posses quality of being calm which is most mandatory quality at the time of any organi.ational mishap. Intelligence I think that intelligent is my strength. I can understand problem quickly. I can learn everything easily. Strength I have understand easily and I am always thinking about how to increase productivity. My S$ills i pride myself in my organi.ation, analytical and communication skills, Ii tend to be very proactive and result oriented. and I also consider my ability to manage people"give respect and earn respect as well as my strong people psychology, a great strength that has given me great slide through my profession so far. I 7an 7ope With Failures I am industrious and exhibit the ability to cope with failures and try to correct my mistakes for improvement in the future. W My Strengths I think about my strengths " there are many, but my intense desire to learn, my quick grasping ability, and my friendly approach are my strengths.

8o you ta$e wor$ home with you #o you take work home with you is a tricky question, be ready. he longer the answer, the bigger the hole you)ve dug. Cest 2nswer

-hen I need to, no problem. I reali.e the importance of meeting deadlines and getting work done on time.

!ow many hours "o you normally wor$ ,e careful before you answer questions about how many hours a week you work. %ou don)t want to be construed as a slacker or as someone who works too many hours. &t some companies, the norm is a K0 hour week and everyone goes home on time. &t others, everyone might work J0 or D0 hours a week. However, working a lot of hours isn)t necessarily a good thing " it could mean you)re not productive enough to get the job done in a reasonable amount of time. $o, unless you)re sure about the company culture and expectations, the safest answer is not to mention a certain number of hours. <ather, mention that you work as much as necessary to get the job done.

!ow woul" you "escribe the pace at which you wor$ -hen you)re asked to describe the pace at which you work, be careful how you respond. his is another question where faster isn)t necessarily better. !ost employers would rather hire employees who work at a steady pace. $omeone who is too slow to get the job done in a reasonable time frame isn)t going to be a good hire. 2either is a candidate who works frenetically all day. :ptions for answering this question include saying that you work at a steady pace, but usually complete work in advance of the deadline. #iscuss your ability to manage projects and get them done on, or ahead, of schedule. If you work at a job where you have set criteria 3i.e. number of calls made or responded to4 that measures accomplishments, discuss how you have achieved or exceeded those goals.

!ow "o you han"le stress an" pressure & typical interview question, asked to get a sense of how you handle on"the"job stress, is 6How do you handle pressure96 8xamples of good responses include7

$tress is very important to me. -ith stress, I do the best possible job. he appropriate way to deal with stress is to make sure I have the correct balance between good stress and bad stress. I need good stress to stay motivated and productive. I react to situations, rather than to stress. hat way, the situation is handled and doesn)t become stressful. I actually work better under pressure and I)ve found that I enjoy working in a challenging environment. From a personal perspective, I manage stress by visiting the gym every evening. It)s a great stress reducer. 'rioriti.ing my responsibilities so I have a clear idea of what needs to be done when, has helped me effectively manage pressure on the job. If the people I am managing are contributing to my stress level, I discuss options for better handling difficult situations with them.

It)s a good idea to give examples of how you have handled stress to your interviewer. hat way, they get a clear picture how well you can work in stressful situations

What motivates you here isn)t a right or wrong answer to interview questions about what motivates you. he interviewer is trying to understand the key to your being successful in the job he is interviewing for, and wants to make sure it)s a good fit. 5onsider, in advance of interviewing, what actually does motivate you and come up with some specific examples to share during the interview. %our response will vary based on your background and experiences, but, you will want to share your enthusiasm and what you like3d4 best about your job. Here are some examples7

I was responsible for several projects where I directed development teams and implemented repeatable processes. he teams achieved F00O on"time delivery of software products. I was motivated both by the challenge of finishing the projects ahead of schedule and by managing the teams that achieved our goals. I)ve always been motivated by the desire to do a good job at whatever position I)m in. I want to excel and to be successful in my job, both for my own personal satisfaction and for my employer. I have always wanted to ensure that my company)s clients get the best customer service I can provide. I)ve always felt that it)s important, both to me personally, and for the company and the clients, to provide a positive customer experience. I have spent my career in sales, typically in commission"based positions, and compensation has always been a strong factor in motivating me to be the top salesperson at my prior employers.

What are your salary e'pectations ,efore you start talking pay 3and salary negotiations4 with a prospective employer, you need to find out how much the job 3and you4 is worth. %ou will need to take the time to research salaries, so, you are prepared to get what you)re worth and a job offer that)s realistic and reasonable. Salary =egotiations :nce you know what you should be earning, how do you go about getting it9 $tart by being very patient. -hen interviewing for a new position, do your best not to bring up compensation until the employer makes you an offer. If you)re asked what your salary requirements are, say that they are open based upon the position and the overall compensation package. :r tell the employer you)d like to know more about the responsibilities and the challenges of the job prior to discussing salary. &nother option is to give the employer a salary range based upon the salary research you)ve done up front. :nce you)ve received the offer you don)t need to accept 3or reject4 it right away. & simple 6I need to think it over6 can get you an increase in the original offer. &nd if you)re ambivalent about the position a 6no6 can bring you a better offer too. I turned down a position I knew I didn)t want, regardless of salary, and received three follow"up phone calls upping the compensation package. ,e careful though, if you do definitely need that new job there)s a risk that the employer may accept your declining the position and move on to the next candidate. =egotiating a @aise If you are currently employed and want a raise, start by being prepared. ;ather your salary survey information, recent performance appraisals that document the job you)re doing, and any other relevant information. ,e aware of company policy regarding compensation. $ome employers are limited by budget constraints and can only give raises at certain times of the year, regardless of the circumstances. Have a clear idea of what you want. #etermine the salary range you)re looking for and justification for the increase and have both ready to review with your supervisor. ,e flexible. -ould you consider an extra couple of weeks vacation instead of a raise9 I know someone who)s regularly taken time"off instead of money and now has six vacation weeks a year... hen, ask your supervisor for a meeting to discuss salary. 'resent your request, supported by documentation, calmly and rationally. #on)t ask for an immediate answer. %our boss is mostly likely going to have to discuss it with Human <esources andEor other company managers. #espite your best efforts, there may simply not be enough money in the budget to increase your salary or compensation package offer. he company may also not want to create inequities by

paying one person more than others in a similar position. In that case, you can at least know you tried. 'lus, if this is a job you really think that you)re going to love, consider whether the company culture, the benefits, and the job itself are worth it " regardless of the salary. What has been the greatest "isappointment in your life %our response to the question 6-hat has been the greatest disappointment in your life96 will help the interviewer determine know how easily you are discouraged. Cest 2nswer If possible, tell about a personal disappointment i.e. the early death of a parent, child, or school friend. ,elieve it or not, it is okay to have not had a 6greatest6 disappointment.

What are you passionate about -hen you)re asked what you)re passionate about during a job interview it)s a good opportunity to share what is important in your life. It)s also an opportunity to show your dedication and what)s important to you. %our response doesn)t need to be work focused, but do be sure that what you share isn)t something that could potential cut in to your working hours. For example, you don)t want to say that you)re a mountain climber with the goal of climbing !ountain 8verest or that you)re getting ready for the our de France or looking to spend the winter skiing in &spen. Sample 2nswers) What 2re Fou /assionate 2bout

:ne of my greatest passions is helping others. -hen I was younger, I)ve enjoyed helping mom with household repairs. &s I grew older, that habit grew and I desired to help others as well. I like helping people find solutions that meet their specific needs. I)m passionate about painting. I take an evening art class once a week and try to find time each weekend to paint. 'ainting is a good way for me to relax and even though I don)t have much talent, I do it enjoy it. I lost my father to pancreatic cancer and ever since then, I have spent time volunteering to help raise awareness and funding for cancer research. I volunteer for 'an5an, the advocacy group, and I)m part of their volunteer network. :ne of the things I)m passionate is to assist in finding a cure, however I can.

I)m passionate about making a difference. -hen I)m involved with a project at work I want to do my best to achieve success. I feel the same way about what I do in my personal life. I)m an avid skier and I like to spend weekends and vacations on the ski slopes.

What "o people most often critici(e about you he interview question 6-hat #o 'eople !ost :ften 5ritici.e &bout %ou96 is asked to find out how sensitive to you are. here)s no on"going criticism. I)m open to personal and professional growth and welcome the opportunity to improve. If humor is appropriate, this is a good time to use it. 8xample7 I have a teenage daughter " few things I do are okay on her radar screen. IGm Straight Forwar" hey tell me that I am very much straight forward which hurts the people a lot at that time. #ough 2"ministrator I am very particular about the stipulated rules even for late arrival,late submission of reports, any faults or errors in stores. I &et #oo ;motional I get too emotional in stressful situations and I react negatively towards people then I become hyper and aggressive. Aery !onest I dont know why but my friends usually say)s that I am so honest whenever I praise them haha...but, sometimes they said I am liar whenever I said some truths about them. IGm #oo Serious hey tell me that I)m very serious and should loosen up a bit.

I am 2greeable 'eople tell me that I always consideration every viewpoint, including the wrong views. but I believe that even wrong opinion has something positive. I =ee" to !urry up hey tell me that I)m too slow and this in turn motivates me to be be more sufficient as well as efficient in completing my daily tasks. I 2m #oo Slow I spend too much time with customers. I make friends with all my clients. IGm Stupi" 'eople tell me a lot that I am stupid. I don)t listen to them though. 7riticism IsnGt =egative I don)t take criticism in a negative way because it helps me to improve myself.

#oo Shy I am too shy, and not talkative or I talk too slowly. IGm Way #oo >rgani(e" hey tell me that I am way too organi.ed and detail oriented which makes me look controlling. I am #oo Motivate" I am too motivated to get everything done and get it done right, I can sometimes take on too much, but I have learned how to ask for help when I need it. #oo Straight Forwar" hey tell me that I)m very straight forward and blunt. IGm =ot 7ooperative hey tell me you are not cooperative and don)t have much enthusiasm

If you coul" relive the last *: years of your life, what woul" you "o "ifferently 5 -hen asking what you would do if you could relive your life, the interviewer is looking for a flaw in your interview. &lways remember, the goal for the first few interviews is to get the next interview. For the interviewer, it is to weed out as many applicants as possible. Here)s where a personal answer could work. /ersonal 2nswer I lost my mother to &l.heimer)s. I wish I)d known more about the disease to help me through that difficult time. =on5personal 2nswer <eally, nothing. I)ve learned from each experience I)ve had.

8o you prefer to wor$ in"epen"ently or on a team -hen the interviewer asks 6#o you prefer to work independently or on a team96 he or she wants to know if you)re a team player or would rather work on your own. Cest 2nswers I am equally comfortable working as a member of a team and independently. In researching the (!2 company, your mission statement and the job description, I could see similarities to my previous position where there were some assignments that required a great deal of independent

work and research and others where the team effort was most effective. &s I said, I)m comfortable with both. In high school, I enjoyed playing soccer and performing with the marching band. 8ach required a different kind of team play, but the overall goal of learning to be a member of a group was invaluable. I continued to grow as team member while on my sorority)s debate team and through my advanced marketing class where we had numerous team assignments. I)m very comfortably working on a team, but I can also work independently, as well.

&ive some e'amples of teamwor$% Sample 2nswers In high school, I enjoyed playing soccer and performing with the marching band. 8ach required a different kind of team play, but the overall goal of learning to be a member of a group was invaluable. I continued to grow as team member while on my sorority)s debate team and through my advanced marketing class where we had numerous team assignments. In my last postion, I was part of a software implementation team. -e all worked together to plan and manage the implementation schedule, to provide customer training, and ensure a smooth transition for our customers. :ur team always completed our projects ahead of schedule with very positive reviews from our clients. !ow "o you evaluate success ;valuate success in different ways. &t work, it is meeting the goals set by my supervisors and my fellow workers. It is my understanding, from talking to other employees, that the ;;< company is recogni.ed for not only rewarding success, but giving employees opportunity to grow as well. &fter work, I enjoy playing softball, so success on the field is catching the winning pop"up. If you $now your boss is *::H wrong about something how woul" you han"le it he question 6If you know your boss is F00O wrong about something, how would you handle this96 is asked to find out how you deal with a difficult situation. Cest 2nswers &n answer that works well is7 6It depends on the situation and the personality of the supervisor.6 o elaborate, give examples7 !y present supervisor does not like to have his authority questioned. He)s fairly new on the job and almost all of the people he supervises have been on the job longer than he has. He)s never bothered to learn the procedures, how things are done or how the computer system works. ,ut if any of us tell him that how he wants something done won)t work, he gets extremely angry. $o, I never tell him he)s wrong. 2ever. -hatever he tells me to do> I smile and say 6okay.6 hen if I

know a way to get it done that will work, I do it that way, give him the results he wants and never tell him I didn)t do it the way he told me to. He got the results and is happy. I saved myself the stress of being yelled at and gave him what he wanted, so I)m happy. !y prior supervisor was more easy"going and if I told her 6you know, I think it might work better if I do what you asked in such and such a way,6 she says 6okay, try it.6 If I were a new hire on a job, I would probably not question a supervisor because I might think I didn)t know enough. 8xcept on the new job I)m going to. he director has admitted that she)s new on the job and there are a lot of things that a secretary does that she doesn)t know how to do, so she will be depending on me to know how to keep the office running.

8escribe a "ifficult wor$ situation I project an" how you overcame it% here is no right or wrong answer to questions like 6-hat are the most difficult decisions to make96 or 6#escribe a difficult work situation E project and how you overcame it.6 hese are behavioral interview questions designed to discover how you handled certain situations. he logic behind these type of questions is that how you behaved in the past is a predictor of what you will do in the future. ;ive concrete examples of difficult situations that actually happened at work. hen discuss what you did to solve the problem. ?eep your answers positive 368ven though it was difficult when Aane #oe quit without notice, we were able to rearrange the department workload to cover the position until a replacement was hired.64 and be specific. Itemi.e what you did and how you did it. he best way to prepare for questions where you will need to recall events and actions, is to refresh your memory and consider some special situations you have dealt with or projects you have worked on. %ou can use them to help frame responses. 'repare stories that illustrate times when you have successfully solved a difficult situation.

What interests you about this job -hen you)re asked what interests you about the position you are interviewing for, the best way to respond is to describe the qualifications listed in the job posting, then connect them to your skills and experience. hat way, the employer will see that you know about the job you)re interviewing for 3not everyone does4 and that you have the qualifications necessary to do the job. For example, if you were interviewing for a Human <esources !anager job where you would be responsible for recruiting, orientation, and training, you will want to discuss how you were

responsible for these functions in your past positions, and why you are interested in continuing to develop your expertise in Human <esources management. &nother example would be if you were interviewing for a 'rogrammer E &nalyst position. In that case, you would mention your interest in learning and excelling at new technologies, your experience in programming both new applications, and your interest in and your ability to problem solve. In all cases, you will want to convey your enthusiasm for the opportunity to interview, along with your solid ability to do the job.

Why "o you want this job

his is not only a fine opportunity, but this company is a place where my qualifications can make a difference. &s a finance executive well versed in the new stock options law, I see this position as made to order. It contains the challenge to keep me on my toes. hat)s the kind of job I like to anticipate every morning. I want this job because it seems tailored to my competencies, which include sales and marketing. &s I said earlier, in a previous position I created an annual growth rate of == percent in a flat industry. &dditionally, the team I would work with looks terrific. I well understand that this is a company on the way up. %our -eb site says the launch of several new products is imminent. I want be a part of this business as it grows. Having worked through a college business major building decks and porches for neighbors, this entry"level job for the area)s most respected home builder has my name on it. &s a dedicated technician, I like doing essential research. ,eing part of a breakthrough team is an experience I)d love to repeat. his job is a good fit for what I)ve been interested in throughout my career. It offers a nice mix of short" and long"term activities. !y short"term achievements keep me cranked up and the long"term accomplishments make me feel like a billion bucks. I want this job selling theater tickets because I)d be good at it. I)m good at speaking to people and handling cash. I would like a job with regular hours and I)m always on time. &lthough some companies are replacing &mericans with imported low"wage workers, you are standing tall. his company)s successful strategies, good reputation and values make it heads and shoulders above its competition. I)d fit right in as a counter clerk in your fine drycleaners. I have observed that the counter clerk position requires competence at handling several activities in quick order "" customer service, payments, bagging and phones. I like multitasking and, as a homemaker, I have a lot of practice in keeping all the balls in the air.

he work I find most stimulating allows me to use both my creative and research skills. he bu.. on this company is that it rewards people who deliver solutions to substantial problems.

What applicable attributes I e'perience "o you have 5 Cest 2nswers 2re you overqualifie" for this job 5 Cest 2nswers What can you "o for this company 5 Cest 2nswers Why shoul" we hire you 5 Cest 2nswers Why are you the best person for the job 5 Cest 2nswers What "o you $now about this company 5 Cest 2nswers Why "o you want to wor$ here 5 Cest 2nswers What challenges are you loo$ing for in a position 5 Cest 2nswers What can you contribute to this company 5 Cest 2nswers 2re you willing to travel 5 Cest 2nswers What is goo" customer service 5 Cest 2nswers Is there anything I havenGt tol" you about the job or company that you woul" li$e to $now 5 Cest 2nswers Interview Questions) #he Future

What are you loo$ing for in your ne't job What is important to you 5 Cest 2nswers What are your goals for the ne't five years I ten years 5 Cest 2nswers !ow "o you plan to achieve those goals 5 Cest 2nswers What are your salary requirements 5 both short5term an" long5term 5 Cest 2nswers Questions about your career goals% 5 Cest 2nswers What will you "o if you "onGt get this position 5 Cest 2nswers 7an"i"ate Specific Eob Interview Questions