Interview Questions on Technical Aspects

Interview Questions on Technical Aspects

1.            Distinction between Repo Rate and Reverse Repo Rate.

2.            What is the relationship between Repo Rate changes and inflation?

3.            Which of these two (i) Repo Rate Changes; or (ii) CRR Changes, is highly effective in curbing inflation and how?

4.            What is meant by “Rising Loan and Falling Equity” under Income Tax Act?

5.            What is the operational law behind power of attorney?

6.            Can affidavit once given be withdrawn?

7.            What are the various categories of paragraphs in a legal document?

8.            Distinguish between Judicial Stamp Paper and Non-judicial Stamp Paper.

9.            How these are interrelated (i) Gold, (ii) US Dollar and (iii) Crude Oil?

10.        What is difference between Writs and Appeals?

11.        What is meant by SWIFT Code?

12.        What is NASDAQ?

13.        What is meant by Headquarter in context of ROC eFiling services?

14.        What is meant by ‘Body Shopping’?

15.        What is ‘Circuitiary Transaction’?

16.        What is the usage of words Instant, Ultimo and Proximo in a M&A Agreement?

17.        What is the reason of Copenhagen Summit failure?

18.        What is meant by BRIC Nations?

19.        What is the legislation that applies to Clearing Mechanism in Banks?

20.        What is DICGC?

21.        Difference between NBFC and Bank.

22.        Difference between PSU and Government Company.

23.        Difference between Book Overdraft and Bank Overdraft.

24.        Difference between Overdraft and Cash Credit.

25.        Difference between adoption and convergence to IFRS.

26.        Difference between IAS and IFRS.

27.        Is CDT payable of deemed dividend under section 2(22)(e) of Income Tax Act?

28.        Can CDT be claimed as Refund?

29.        Is DTAA applicable to Service Tax in respect of export/ import of services?

30.        What are the conventions/ models followed in India in respect of Transfer Pricing regime?

31.        If a company has taken an asset on finance lease then can it be given as security for raising loan and if yes, whether its charge registration is required under section 125 of Companies Act, 1956?

32.        What is deferred revenue?

33.        Difference between hypothecation, pledge and mortgage.

34.        What are the consequences if a document is not stamped or is not properly stamped?

35.        What is meant be CGST, SGST and IGST under proposed GST Regime and how they would be applied to function under GST?

36.        Why certain Acts are not applicable to J&K?

37.        Can amount of compensation paid by employee to the employer on premature resignation under bond period be claimed as deduction etc. by such employee under Income Tax Act?