Interview Questions : B.COM

Interview Questions : B.COM

1. Questions on favorite subject: (Income Tax) were asked. Specifically on capital gains.
2. Should the limited liability clause be abrogated.
3. Make a profit and loss account and a balance sheet.
4. What is operating profit? Gross profit? Net profit? Cost of goods sold? Cost of sales? Where will commission on sales come?
5. Differentiate between commerce, trade and business.
6. Comment on the new EXIM policy.
7. Comment on India’s EXIT policy.
8. What is zero base budgeting?
9. What are disclosure norms?
10. When should a firm be shut down?
11. What constitutes insider trading and why is it wrong?
12. What are the principles of accounts? What does dy/dx mean? What is a point of influx?
13. What is capital account convertibility?
14. What are ‘double entry accounts’? Give a definition that your grandmother would understand.
15. What is ‘single entry’?
16. Explain the entry for unpaid/accrued interest. Where is the double entry?
17. What are the principles of costing? If I had a factory and wanted to undertake a costing exercise, how would I go about it?
18. What is break – even analysis?
19. Give examples of fixed, variable and semi – variable costs?
20. What is net present value?
21. What is internal rate of return?
22. If I gave you Rs. 1,00,000 for a year @ 5%, what would you do with it?
23. What is sunk cost?
24. What is the difference between accounts and finance?
25. Assets are shown on the balance sheet at cost less depreciation. If the market value of the asset is higher, is this not a misrepresentation? What accounting concept is involved in this?
26. What is working capital ratio? Acid test ratio? Proprietary ratio? What is the ideal acid test ratio?
27. Is a bank loan a current liability?
28. What are the things you would look for in a balance sheet if you are analyzing the performance of a company?
29. What is the difference between owned and borrowed capital? For a company with long gestation period, which kind is better?
30. What is capital gearing ratio?
31. What is costing?
32. What is marginal costing? What are its applications?
33. After an asset has been fully depreciated, how should its cost be allocated to the product?
34. Draw the various cost curves. Is the fixed cost curves always downward sloping?
35. What is the difference between preference shares and equity shares?
36. What is working capital? How would you manage a company with high working capital requirements/
37. What are direct and indirect taxes? When was excise started? What is a presumptive tax?
38. What is discounted cash flow? How is it used? Why is depreciation not deducted form profit after tax for the purpose of discounting?
39. What is transfer pricing?
40. What is SLR? CRR? What is the difference between the two?
41. What are the other ways to raise funds from public other than shares and debentures?
42. What is a brand? Do you think you can have brands in the service sector? Name three product categories which have better sales in the rural areas than the urban areas.
43. What do you understand by ‘Value for Money’? What is India’s BPO figure for the last quarter?
44. What is Gold Bond Scheme? Why was it introduced?
45. What is MOD VAT/ Professional tax? Corporation tax? Differentiate between excise and customs duty.
46. Comment on Gold Bond Scheme. Don’t you think it will encourage black marketing? If your neighbor converts his black money into white money through this Gold Bond Scheme, what will your reaction be?
47. What is to be done to improve the BPO situation?
48. What is the difference between growth and development?
49. Where does India figure in world trade?
50. What is the difference between IMF and the World Bank? Name some projects that the World Bank has taken up in India?
51. Which is the largest company in the world? In India? Which do you think is a better index of measuring size – profits, sales, assets?
52. Difference between cash and funds. Break even point definition and plotting.
53. What does a chartered accountant do?
54. What is meant by legal entity of a company? Can a shareholder be an employee/creditor of a company?
55. What is the maximum number of companies a chartered accountant can audit? In a CA firm, if there are 20 partners, how many companies can be audited?
56. What is full convertibility? Who will gain from it? Exporters or importers?
57. Are banks allowed to buy/sell shares in India?
58. What is the difference between finance and accounts, shares and debentures?
59. What does the ISI mark stand for?
60. What is rupee convertibility?
61. What is black money? Who has worked on it?
62. What are transfer earnings?
63. What do you mean by trade account?
64. What is the effect of depreciation on the balance sheet and a P&L a/c (cash flow)? What is working capital? How do you control the flow of stocks?
65. Different tools used in capital budgeting. Which is the best? When can IRR and NPV methods contradict? What is a cash flow? What is NPV, IRR? Can there be more than one IRR?
66. Differentiate between fiscal, revenue and budgetary deficits.
67. Can net worth of a company be negative? When? Name a company which has negative net worth?
68. Can a layman understand the financial position of a company from a balance sheet? What is the role of SEBI?
69. Have you heard that marginal costing increases the range of products? Why? Explain.
70. What do you mean by double entry accounts? How does it differ from single entry? What is a balance sheet? How is it related to a P&L a/c? What is an accrued expenditure?
71. What is Break-even analysis? Explain as if I were a layman by drawing a graph.
72. What is the MRTP Act? How do you define monopolistic trade practices and restrictive trade practices?
73. You have studied income tax. Explain to me if I am a doctor and purchased a car an year ago for a certain amount and sold it a few days back for a Rs. 15,000 profit, how will it be treated for income tax purposes if I use it for professional purpose and if I use it personally?
74. Draw the demand curve for petroleum products considering that their demand has been continuously growing inspite of a high rate of rise in their prices.
75. When will deficits not be harmful (budget deficits, fiscal deficits)?
76. What is budget deficit? How is deficit met? Is budget deficit a boon or curse for commerce?
77. What is annuity? When is present value more than future value?
78. What are the various items of information required for calculation under the net present value method of capital budgeting?

INTERVIEW DATABASE: FOR ARTS STUDENTS

INTERVIEW DATABASE: FOR ARTS STUDENTS

Economics Questions

1 What is the difference between macro economics and micro economics? Explain with an example
2 What is meant by the IS-LM curve?
3 What is meant by the monetary policy?
4 What is meant by CRR. Explain.
5 What is the current CRR?
6 What is the difference between Repo rate and Reverse Repo rate?
7 What are the current Repo and reverse Repo rates?
8 What is meant by the Bank Rate?
9 How does the RBI try to control inflation?
10 How can the Government try to control inflation?
11 Is inflation always bad for the economy?
12 Is the fiscal deficit always bad for the economy?
13 What is meant by exchange rate controls?
14 What are ECBs?
15 What is M3?
16 How is M3 different from M1?
17 What is the current employment rate in India?
18 Explain the ‘Food for Work’ programme
19 Name some of the schemes started by the Government aimed at uplifting the weaker sections of society
20 What kind of exchange rate system does India follow?
21 How is a mixed economy different from a capitalist one?
22 Is the US Government nationalizing its banks indirectly?
23 Who is the head of the Prime Minister’s Economic Advisory Council?
24 What is the difference between direct and indirect taxes?
25 Explain the VAT system.
26 What is the GST system?
27 What is MAT?
28 Is service tax a direct or indirect tax?
29 What is the difference between real and nominal interest rates?
30 What is meant by Purchasing Power Parity?
31 What influences the value of the Rupee in international markets?
32 What is the difference between FDI and FII investment?
33 What is meant by BOP?
34 What is meant by the capital account?
35 What is the current account?
36 What do you understand by capital account convertibility?
37 Who was Irving Fischer?
38 Who was John Maynard Keynes. Explain his theories?
39 What theories did Amartya Sen propound?
40 Who is the latest Nobel Prize winner in Economics? What theories did he propose?
41 Who is the Governor of the RBI?
42 Who is the head of the Federal Reserve Bank of the US?
43 Do you think a common currency for Asia is workable?
44 What do you think about the formation of regional trade blocs (such as SAARC, ASEAN etc)
45 What are the characteristics of an oligopolistic market?
46 What are the characteristics of a monopolistic market?
47 What are the characteristics of a market with monopolistic competition?
48 Name some sectors where oligopolistic markets exist
49 Name some sectors where monopolies exist
50 Is there any such thing as perfect competition?
51 Where do we see perfect competition, if anywhere?
52 What is a cartel?
53 Name a famous cartel
54 What is meant by liquidity?
55 What is the most liquid asset?
56 What is meant by marginal costing?
57 Differentiate between fixed and variable costs
58 Is insurance a fixed or variable cost?
59 What is meant by MR=MC? Where is this seen?
60 What do you understand by economies of scale?
61 What is meant by economies of scope?
62 Name some major M&A deals that have taken place recently
63 What is a kinked demand curve?
64 How does ‘rent’ arise?
65 What is meant by ‘rent seeking behaviour’?
66 What is meant by super-normal profits?
67 What is meant by the term ‘normal profits’?
68 What is meant by ‘break-even’ point?
69 What is elasticity of demand?
70 What is price elasticity?
71 Why are the interest rates high on credit cards?
72 What is meant by the risk-reward trade-off?


For Commerce Students

1 What is the difference between a Balance Sheet and a PL statement?
2 Is Profit a Liability?
3 What is meant by ‘break-even’ point?
4 When was the Indian Companies Act framed?
5 What is meant by Limited Liability?
6 What is a Limited Liability Partnership?
7 What are current assets?
8 What is the importance of ratio analysis?
9 Name some important ratios derived from a Balance Sheet/ PL statement?
10 How is a Cash Flow Statement and Funds Flow Statement different?
11 What is meany by ‘Cash from Financing Activity’?
12 What are NPAs?
13 What does transfer pricing mean? When is it applicable?
14 What are debentures?
15 What are the basic rules of accounting?
16 What is the difference between a real and nominal account?
17 What are Convertible debentures?
18 What is meant by the AUM of a Mutual Fund?
19 What is NAV?
20 What is EVA?
21 What does Working Capital mean?
22 What is meant by the principle of Prudence in Accounting?
23 Name one firm with negative working capital? Is it good or bad?
24 What is meant by the term ‘Commercial Paper’? Why is it used?
25 What are Bills of Lading?
26 Who is the Chairman of SEBI?
27 What is the difference between FDI and FII investment?
28 What is meant by ‘leveraging’?
29 What is meant by BOP?
30 What is meant by ‘acid test Ratio’?
31 What is meant by the debt-equity ratio?
32 What is the interest coverage ratio?
33 Explain how Net Profit is arrived at from Sales/ Revenues?
34 What is meant by the term ‘Going Concern’?
35 What is meant by amortization?
36 What are ‘deferred expenses’?
37 What is the difference between direct and indirect taxes?
38 Explain the VAT system.
39 What is the GST system?
40 What is MAT?
41 Is service tax a direct or indirect tax?
42 What is meant by the capital account?
43 What is the current account?
44 Why are the interest rates high on credit cards?
45 What is meant by the risk-reward trade-off?
46 Is there any ideal Debt-Equity ratio?
47 What is meant by PLR?
48 What is meant by CRR. Explain.
49 What is the current CRR?
50 What is the difference between Repo rate and Reverse Repo rate?
51 What are the current Repo and reverse Repo rates?
52 What is meant by the Bank Rate?
53 How does the RBI try to control inflation?
54 How can the Government try to control inflation?
55 Is inflation always bad for the economy?
56 Is the fiscal deficit always bad for the economy?
57 What is meant by ‘due diligence’?
58 What is meant by exchange rate controls?



History Questions

1 Who deciphered the Brahmi script?
2 Why did Buddhism spread in India in ancient times?
3 Speak a little about the Buddha?
4 Name some famous Buddhist sites.
5 Name some of the famous temple towns of south India?
6 Tell us something about the Vijaynagar empire. What was its most famous city?
7 Tell us a little about the H arappan civilization.
8 Name some major sites of the Harappan civilization
9 Tell us about the medieval rulers of Delhi. Which cities did they build?
10 Name the sons of Shahjahan
11 Speak a little about the battles of Panipat? Why are they so famous?
12 Who do you consider to be the best ruler in Indian history? Why?
13 Which religion was founded by Akbar?
14 Name some of the nine gems of Akbar’s court.
15 Who wrote the Akbar-nama?
16 Name some of the famous literary works of the medieval period.
17 Name some Sufi saints.
18 Who translated the Ashokan inscriptions?
19 Who discovered the city of Troy?
20 When did the split between the moderates and extremists in the Indian National Congress occur pre-independence?
21 Name some of the ‘moderates’ and ‘extremists’?
22 What is the Kakori conspiracy case?
23 Do you agree with the methods of Bhagat Singh? Why?
24 Who were the associates of Bhagat Singh?
25 Why is the Lahore session of the Congress in 1929 so famous?
26 What was the Gandhi-Irwin pact all about?
27 Tell us about the Quit India movement. On what date was it launched?
28 Do you agree with the methods of Subhas Chandra Bose? Why?
29 Who was Thomas McCaulay?
30 Tell us something about Mohammed-bin-Tughlaq?
31 Who built the Qutb Minar?
32 Whose capital city was Fatehpur Sikri?
33 Name some of the dynasties of south India?
34 Who designed the modern capital city of New Delhi?



For Geography Graduates

1 What is India’s base station in Antarctica called?
2 What are laterite soils? Where are they found?
3 What are ‘black cotton’ soils? Where are they found?
4 Name some states where sugarcane is cultivated?
5 Name some states where tobacco is cultivated?
6 Which is considered to be the oldest mountain range in India?
7 Name some places where uranium is mined?
8 Which are India’s largest coal fields?
9 Name some places known for iron-ore mining?
10 What is the Pamir plateau?
11 Which is the highest plateau in the world?
12 Name some of the mountain ranges in Kashmir.
13 Name some of the mountain ranges in north-east India
14 Name some of the tribes of north-east India
15 Which place receives the highest rainfall in India? Why does it do so?
16 What is the El-Nino affect?
17 How places in the US are known for hurricanes? Name some of the recent big hurricanes?
18 Which is the highest mountain in Europe?
19 Which is the highest mountain in Africa?
20 Name some major deserts in the world.
21 Name some of the world’s major mountain ranges.