Inspiration Unlimited Interview Questions and Answers

Amortization is the process of spreading out a loan into smaller, regular payments over a period of time.

• It is used to pay off a debt over time with regular payments

• Each payment includes both principal and interest

• The amount of interest decreases over time as the principal is paid off

• Examples include mortgages, car loans, and student loans

The financial statements (BS, IS, CF) have common elements such as assets, liabilities, equity, revenue, expenses, and cash flows.

• Assets: resources owned by the company

• Liabilities: obligations owed by the company

• Equity: residual interest in the assets of the company

• Revenue: income generated by the company

• Expenses: costs incurred by the company

• Cash flows: inflows and outflows of cash

A stock split increases the number of shares outstanding and decreases the price per share, but does not affect the market capitalisation.

• Stock split does not affect the total value of the company

• Market capitalisation remains the same after a stock split

• Stock split increases the number of shares outstanding and decreases the price per share

• For example, if a company has 1 million shares outstanding and the stock splits ...read more

Cash flow statements have three main components: operating activities, investing activities, and financing activities.

• Operating activities: cash inflows and outflows from the company's core business operations.

• Investing activities: cash inflows and outflows from buying or selling long-term assets.

• Financing activities: cash inflows and outflows from borrowing or repaying debt, issuing or buying back stock, and paying di...read more

EPS is calculated by dividing the company's net income by the number of outstanding shares.

• EPS = Net Income / Outstanding Shares

• Net Income is the company's total earnings after expenses and taxes

• Outstanding Shares are the total number of shares issued by the company

• EPS is an important metric for investors to evaluate a company's profitability

• Higher EPS indicates better profitability and potential for higher dividends

Managed team of 10 sales associates, created and implemented sales strategies, conducted performance evaluations

• Managed a team of 10 sales associates

• Created and implemented sales strategies to increase revenue

• Conducted performance evaluations to assess team's progress

• Collaborated with marketing department to develop promotional campaigns

Kotak Securities is a leading financial services company with a strong reputation and commitment to customer satisfaction.

• Kotak Securities has a proven track record of success in the financial services industry

• The company is known for its innovative products and services

• Kotak Securities has a strong commitment to customer satisfaction and building long-term relationships

• The company offers excellent career growth opport...read more

Dynamic professional with diverse experience in management, team leadership, and strategic planning, eager to contribute to organizational success.

• Over 5 years of experience in management roles, leading teams to achieve operational goals.

• Successfully implemented a new project management system that increased team efficiency by 30%.

• Strong background in customer service, having improved client satisfaction scores by 15% ...read more

I worked at XYZ brokerage firm for 3 years, specializing in commercial real estate transactions.

• Managed a portfolio of high-net-worth clients

• Negotiated lease agreements and property sales

• Developed marketing strategies to attract new clients

• Collaborated with legal and financial teams on complex deals

Demat saving offers a range of benefits for investors.

• Eliminates the risk of loss, theft or damage of physical share certificates

• Facilitates easy and quick transfer of securities

• Reduces paperwork and transaction costs

• Enables investors to hold a variety of securities in a single account

• Provides access to real-time information and updates on investments

I am looking for a competitive salary that reflects my skills and experience, ideally in the range of $X to $Y.

• Research industry standards: For example, similar roles in our region typically offer between $X and $Y.

• Consider my experience: With over X years in the field, I believe a salary towards the higher end is justified.

• Emphasize value: I can bring unique skills, such as [specific skill], which can contribute to th...read more

Home loan sourcing involves understanding eligibility criteria, calculating loan eligibility, setting targets, and effectively countering client objections.

• Home loan sourcing involves finding potential customers who are interested in taking a loan to purchase a home.

• Eligibility calculation involves assessing the financial capability of the customer to repay the loan based on their income, credit history, and other fact...read more

Market value is the price at which an asset would trade in a competitive auction setting.

• Market value is determined by supply and demand

• It is influenced by factors such as economic conditions, competition, and consumer preferences

• Market value can fluctuate over time

• Examples include stock prices, real estate values, and commodity prices

Loan to value is the ratio of the loan amount to the appraised value of the property.

• It is used by lenders to determine the risk of a loan.

• A higher LTV ratio indicates a higher risk for the lender.

• Lenders typically have a maximum LTV ratio they are willing to lend.

• For example, if a property is appraised at $100,000 and the borrower wants a loan of $80,000, the LTV ratio is 80%.