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Interview Questions1

The document provides mock interview questions tailored for a finance-related resume, along with tips and sample answers. Key topics include self-introduction, internship responsibilities, understanding of GST, financial statements, stock analysis, accounting software, tax types, and future career aspirations. It emphasizes the importance of concise and structured responses, particularly using the STAR method for situational questions.

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Arnish
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0% found this document useful (0 votes)
28 views3 pages

Interview Questions1

The document provides mock interview questions tailored for a finance-related resume, along with tips and sample answers. Key topics include self-introduction, internship responsibilities, understanding of GST, financial statements, stock analysis, accounting software, tax types, and future career aspirations. It emphasizes the importance of concise and structured responses, particularly using the STAR method for situational questions.

Uploaded by

Arnish
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Here are some *mock interview questions* tailored to your resume, along with

*tips on how to answer them*:

*1. Tell me about yourself.*


*Tip:* Keep it concise. Cover your education, internship experience, and career
aspirations.

*Sample Answer:*
"I am currently pursuing an MBA + PGPM from IQ City United World School of
Business, specializing in finance. I completed my B.Com (Hons) from Burdwan Raj
College with 83%. During my internship at C.A. Sushil Bhakat & Co., I gained
hands-on experience in accounting, taxation, and auditing. I have also completed
certifications like the PWC Tax Launchpad, which helped me deepen my
understanding of taxation. Apart from academics, I actively invest in financial
instruments and enjoy analyzing stock market trends. I am now looking to apply
my financial knowledge in a dynamic role that allows me to grow professionally."

---

### *2. What were your key responsibilities during your internship?*
*Tip:* Use the STAR method (Situation, Task, Action, Result) to structure your
answer.

*Sample Answer:*
"During my internship at C.A. Sushil Bhakat & Co., I assisted in *audits,
bookkeeping, GST return filing, and financial reporting*. One of my key
contributions was supporting the preparation of tax returns for multiple clients,
ensuring compliance with GST regulations. I also interacted with clients to address
their taxation queries, which improved my communication skills. This experience
strengthened my understanding of financial regulations and practical accounting."

---

### *3. What do you know about GST, and why is it important?*
*Tip:* Explain the concept clearly and mention its benefits.
*Sample Answer:*
"GST, or Goods and Services Tax, is an indirect tax that replaced multiple taxes like
VAT, service tax, and excise duty in India. It follows a *multi-stage, destination-
based tax system* and is classified into CGST, SGST, and IGST. GST is important
because it simplifies taxation, eliminates cascading taxes, and increases
compliance and transparency in the economy."

---

### *4. Can you explain a financial statement and its components?*
*Tip:* Mention balance sheet, income statement, and cash flow statement.

*Sample Answer:*
"A financial statement consists of three key reports:
1. *Balance Sheet* – Shows a company’s assets, liabilities, and equity at a specific
point in time.
2. *Income Statement* – Highlights revenue, expenses, and profit over a period.
3. *Cash Flow Statement* – Tracks cash inflows and outflows from operations,
investing, and financing activities.

Understanding these statements helps in analyzing a company’s financial health


and making informed investment decisions."

---

### *5. How do you analyze stocks before investing?*


*Tip:* Show your knowledge of fundamental and technical analysis.

*Sample Answer:*
"When analyzing stocks, I use both *fundamental and technical analysis*:
- *Fundamental Analysis:* I study the company’s financials, revenue growth, P/E
ratio, debt levels, and future growth potential.
- *Technical Analysis:* I check price trends, moving averages, and market
sentiment before making investment decisions.
For long-term investments, I focus more on fundamentals, while for short-term
trading, I rely on market trends and technical indicators."

---

### *6. What accounting software or tools have you used?*


*Tip:* If you’ve used Tally, Excel, or any taxation software, mention them.

*Sample Answer:*
"I have experience working with *Tally, Microsoft Excel, and GST filing software*.
During my internship, I used Excel for financial reporting and Tally for
bookkeeping. I also worked with GST filing software to help clients prepare and
submit their returns."

---

### *7. What is the difference between direct and indirect taxes?*
*Sample Answer:*
"*Direct taxes* are paid directly by individuals or businesses to the government,
such as *income tax and corporate tax*.
*Indirect taxes* are collected by intermediaries and passed on to the government,
such as *GST and excise duty*.

The key difference is that direct taxes are based on income, while indirect taxes
are levied on goods and services."

---

### *8. Where do you see yourself in the next 5 years?*


*Tip:* Align your answer with your career goals in finance.

*Sample Answer:*
"In the next five years, I see myself working in the financial sector, specializing in *taxation, auditing, or
investment management*. I aim to develop expertise in financial consulting and eventually take on a
leadership role where I can help businesses with tax optimization and financial planning."

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