A Total Failure.ON 3/309 we had this interview scheduled for Bank of Baroda.I thought that I would get selected but then I had committed this array of errors and just minutes back I got a confirmation on my stupidity.
The interview flowed in the wrong direction since the beginning.I was asked about VaR, and I gave a vague mumbling answer.Then I was asked about VI(Volatility INdex), And this time I showed much surprise on discovery of such a curious existing thing.I was told repeatedly that VI is for indices and then daily it is published in newspapers and then, many people say that its utility is not much, and what do I opine.I had just managed to say that I did not know anythinga bout it.Then I was asked about Derivatives.Options to be defined.I did that in my own words.Then I was asked to tell about European and American Options.I did that.Then I was asked about Call and Puts.I defined that.Then I was asked a trick question.Rather say that was an easy one but then I messed it up very beautifully.
Q-"If I have purchased a Call Option for Reliance Industries at 1400 and the share is trading at 1350, whether I am in-the-money or Out-of-money?"
A-"Its in-the-money, as you will not exercise the option, because the share is trading much lower than you had anticipated."
Fact-This clearly indicates that the option is out-of-money, as it is larger than what the spot price is.The Call Option is higher so Its OUt-Of-Money.
This discovery has been corroborated just nmow, when Jyoti had come to show me the correct answer in the Derivtive module.
Then tthere was this question upon Mutual FUnds.WHich ones to invest in.How Mutual Funds are like a ladder to the stock market for a layman.Which funds to invest in.What is the allocation of the sectors in the Mutual Fund.
A very shabby answer to all such questions.He was asking me stuff for a layman and here I was , behaving like another layman, and just giving them the basic idea in my own broken words.And to top it all, I clearly missed out to mention the INdex-based funds, which are the best performers, after the Gold ETF.And imagine this comng from an AMFI Mutual Fund (Advisor).
Then why does Rupee depreciate.I mumbled answers like FII's withdraw and then low forex reserves and then we have to pay more of our money to get foreign currency.
WHy do FII's withdraw.I asnwered that Low confidence in the indian economy and the latest Satyam Fiasco.I could have uttered about several other factors that affect the confidence in a country's economy.Like Poilitical stability, Social security (terrorist attacks) etc. BUt I conveniently chose to forget it all.
Tehn questions on Corporate Governance.What .Why? DId the presentation that they had given ,earlier in the day, before starting the interviews, were a part of corporate governance?I denied flatly, that NO they weren't.But they told that it was a part of maintaining transparency.And Corporate Governance is nothing but maintaining transparency in ur acts.
And bingo... There I am.After a totally messed up interview.First Technical Interview of my Life.And I screwed it up like hell.And this is utterly ridiculous.And then I hear people all around me saying that I will get selected in this.This is theone which was made for me.I will surely get through this.But I have very strong reasons to beleive that I will not make through this interview.SO its Bye Bye Bank of Baroda.And Hello others- UCO, ALlahabad, Canara, Indian Overseas Bank, NABARD, Syndicate, National Small INdustries Corp. Ltd. etc.
Jesus Christ Swami !!!!! ALl these days I have been an utter idiot.Reading all kind of rubbish and then wasting my time idling it away like useless.Getting influenced under the idleness of the surroundings.
WHy have I become so complicated Swami.?? Why do I not understand myself anymore? WHy do I feel like a stranger? WHy am I unable to take responsibilities of my actions.????? WHy do I behave so strangely that I feel that it is surely someone else doing this... Yeah You are always there but then I must have little credibility on me.I mean more credibility.I need to clarify all my concepts.Here at college itself.Before I fall in the trap.So today I hsall give them the issues and the porter model stuff.And I must finish my part of the project.And then by 9th we shall be ready with the project copy.I must clear up the cobwebs of laziness and the dust balls of joblessness settling the empty spaces of my brain.Clean the room.Sweep Mop and open the windows.Let Fresh air come in.And let me expand my horizon.I must go to the fields also.I must workout also.I must improve my language also.I must have an extra credential also.I must improve fluency.I must work on clarity of thought.I must give a new shape to myself.I need to give a new shape to my identity and my personality.
Ranjan sir asked for those business plans long back.I did not do it and just hoaxed it that I did.Now i need to give that to him.He passes sarcastic remarks at me in the class.I have to send the application form at NSIC, Delhi also.I need to prepare for this mids also.PO exams also.This is the penultimate exams that I shall be giving.Last days of student life.Come On yaar Gary.Have some courtesy for that atleast.
Ok boss...
I am leaving for more work.Breakfast is halfway through. More improvements later on.
Bye.. n Swami you are coming with me.ALl this while I have been straying away leaving ur hand.Now You have to hold me strongly.Please Swami.I am waiting for You.Come Fast..!!!!!!!
