Excel 2
Excel 2
Excel is an essential tool in many industries, and acing an Excel interview requires
more than just basic knowledge. Whether you're applying for a data analyst,
financial analyst, or administrative role, your ability to work efficiently with Excel
can set you apart. We will provide you with 200 Excel interview questions and
answers designed to cover a wide range of topics.
From simple functions to more complex operations, this guide will help you
understand the key concepts that are frequently tested. With practical insights into
formulas, data manipulation, and problem-solving techniques, you’ll be prepared
to tackle any Excel-related challenge in your upcoming interview.
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You can save your file using the excel shortcut Ctrl + S or by navigating to
File > Save As. This allows you to save your work in various formats,
including .xlsx, .xls, or .csv.
To insert a worksheet, click the + button at the bottom of the screen or use
the shortcut Shift + F11. This creates a blank worksheet within the same
workbook.
The Ribbon is the toolbar at the top of Excel that contains various tabs and
commands. It is divided into sections like Home, Insert, Data, and Formulas,
each offering specific tools for your tasks.
Undo allows you to reverse your last action (Ctrl + Z), while Redo re-applies
an undone action (Ctrl + Y). These shortcuts are useful for correcting
mistakes or reapplying changes.
Use Ctrl + C to copy and Ctrl + V to paste data. This is a quick way to
duplicate data or formulas between cells.
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The formula bar is a field at the top of the Excel window that displays the
contents of the selected cell. It’s especially useful for viewing and editing
formulas.
To merge cells, select the cells you want to combine and click Merge & Center
in the Home tab. This is often used for creating headings or labels.
Columns are vertical sections identified by letters (A, B, C), while rows are
horizontal sections identified by numbers (1, 2, 3). Together, they form the
grid of an Excel worksheet.
To wrap text, select a cell and click Wrap Text in the Home tab. This adjusts
the cell content to fit within its boundaries without spilling over into adjacent
cells.
Right-click the sheet tab and select Delete. Deleting a sheet permanently
removes its data, so it’s recommended to back up your workbook first.
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Drag the boundary of a column header to resize it manually or double-click
the boundary to auto-adjust based on the longest cell content.
Conditional formatting highlights cells based on rules you set. For example,
you can apply red shading to cells with values less than 50 using Home >
Conditional Formatting.
To filter data, select your dataset and click Data > Filter. Dropdown arrows
appear, allowing you to filter rows based on specific criteria.
VLOOKUP searches for a value in the first column of a table and returns a
value from a specified column in the same row. For example,
=VLOOKUP("Apple", A1:C10, 2, FALSE) looks for "Apple" in column A and
returns the corresponding value from column B.
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21. What is the difference between COUNT and COUNTA?
COUNT counts numeric values, while COUNTA counts all non-empty cells,
including text. For example, =COUNT(A1:A10) returns the count of numbers,
and =COUNTA(A1:A10) includes text and numbers.
Select your data, go to Insert > Chart, and choose a chart type. Charts
visually represent data trends and patterns, making analysis more accessible.
CONCATENATE combines text from multiple cells into one. For example,
=CONCATENATE("Hello", " World") results in "Hello World."
Select your data, then go to Data > Remove Duplicates. This helps clean
datasets by eliminating redundant entries based on selected columns.
Data validation restricts data entry to specified types or ranges. For instance,
you can limit a cell to accept only whole numbers between 1 and 100.
Power Query automates data import, transformation, and cleaning tasks. It’s
especially useful for consolidating data from multiple sources into one table.
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27. What is the XLOOKUP function?
The IF function performs logical tests and returns different values based on
the result. For instance, =IF(A1>10, "Pass", "Fail") returns "Pass" if A1 is
greater than 10 and "Fail" otherwise.
INDEX returns the value of a cell at a specified row and column, while
MATCH finds the position of a value in a range. Combined, they perform
advanced lookups. For example, =INDEX(A1:C10, MATCH("Apple", A1:A10, 0),
2) finds "Apple" in column A and returns the corresponding value from
column B.
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A slicer is a visual filtering tool used with Pivot Tables or Pivot Charts. It
allows users to filter data dynamically by clicking on buttons corresponding
to filter criteria.
The TRIM function removes all extra spaces from text except for single
spaces between words. For example, =TRIM(" Excel Tips ") returns "Excel
Tips."
Goal Seek finds the input value needed to achieve a desired result in a
formula. Navigate to Data > What-If Analysis > Goal Seek, set your target
value, and let Excel calculate the required input.
Solver is an advanced optimization tool used to find the best solution for a
problem with multiple constraints. It’s often used for resource allocation,
portfolio optimization, and scheduling.
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The PMT function calculates loan payments based on constant interest rates
and payment schedules. For example, =PMT(5%/12, 60, -10000) calculates the
monthly payment for a loan.
A dynamic chart updates automatically when its source data changes. You
can create one using named ranges or Excel tables, ensuring the chart adapts
to data additions or removals.
Power Pivot enables advanced data modeling and analysis. It allows users to
create relationships between tables, build complex calculations using DAX
formulas, and handle large datasets efficiently.
Use Data > Text to Columns to split text based on delimiters (e.g., commas,
spaces) or fixed widths. This is useful for separating names, addresses, or
other concatenated data.
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You can use conditional formatting to highlight matching or non-matching
values between datasets. Alternatively, use formulas like =IF(A1=B1,
"Match", "No Match").
The UNIQUE function, available in Excel 365, extracts unique values from a
range. For example, =UNIQUE(A1:A10) generates a list of unique items from the
specified range.
To normalize data, subtract the mean and divide by the standard deviation: =
(Value - MEAN) / STDEV. This scales the data for comparison across datasets.
Use Conditional Formatting > Highlight Cells Rules > Duplicate Values to
identify duplicate entries in a dataset.
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DATEDIF calculates the difference between two dates in years, months, or
days. For example, =DATEDIF(A1, B1, "Y") returns the number of years
between two dates.
The SORT function sorts data dynamically based on specified criteria. For
example, =SORT(A1:A10, 1, -1) sorts the range A1:A10 in descending order.
You can automate reports using macros (VBA) or Power Query for data
refreshes. Use dynamic ranges and Pivot Tables to handle recurring updates.
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56. How do you connect Excel to external data sources?
Use Data > Get Data to import data from databases, web sources, or APIs.
This feature allows integration with tools like SQL Server and Power BI.
Excel 365 Copilot automates tasks, generates insights, and creates formulas
based on natural language prompts. For instance, asking “Summarize
quarterly sales data” generates an immediate summary.
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The WRAPCOLS function organizes a single row or column of data into
multiple columns with a specified number of entries per column. For
example, =WRAPCOLS(A1:A10, 3) groups the range A1:A10 into columns of
three values each.
ROI is calculated using the formula (Revenue - Cost) / Cost. For example, =
(10000 - 5000) / 5000 results in an ROI of 100%.
66. How do you split names into first and last names?
Use Text to Columns or formulas like =LEFT(A1, FIND(" ", A1)-1) for the first
name and =RIGHT(A1, LEN(A1)-FIND(" ", A1)) for the last name.
Use the RANK function, such as =RANK(A1, A1:A10) to find the position of a
value within a range.
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MAKEARRAY creates an array based on a custom formula. For example,
=MAKEARRAY(3, 3, LAMBDA(row, col, row*col)) generates a 3x3 array with the
product of row and column numbers.
Use AVERAGE with dynamic ranges or the Analysis ToolPak for a built-in
Moving Average feature. For example, =AVERAGE(A1:A3) calculates a 3-period
moving average.
Copilot can suggest and apply data cleaning methods like removing
duplicates, filling missing values, or reformatting text. For example, you can
ask, “Standardize product names in this dataset.”
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Revenue.
You can ask Copilot to “Create a monthly sales report” or “Summarize this
dataset,” and it generates summaries, charts, and insights automatically.
Save your Excel file to OneDrive or SharePoint, then import it into Power BI
Desktop or Power BI Service using Get Data.
Click on a visualization in Power BI, then select Export Data to download the
data as an Excel or CSV file for further analysis.
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Use Data > Refresh All to sync Excel files with live Power BI datasets.
Ensure the dataset is stored in the cloud for automatic updates.
80. How do you combine multiple Excel files into Power BI?
Use Power BI Desktop’s Get Data > Folder option to load all Excel files in a
folder. Power Query consolidates data from these files based on a common
structure.
81. How do you use Power Query in Excel and Power BI?
Power Query is used to clean and transform data before analysis. In Excel,
it’s found under Data > Get & Transform; in Power BI, it’s part of the data
preparation process.
82. How do you schedule data refreshes for Power BI-integrated Excel
files?
Create a Gantt chart by organizing tasks, start dates, and end dates. Use
conditional formatting to visualize progress and highlight overdue tasks.
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85. How do you calculate employee turnover rates in Excel?
Divide the number of employees who left during a period by the average
number of employees. Formula: (Leavers / Average Employees) * 100.
Use TRIM to remove extra spaces, CLEAN for non-printable characters, and Text
to Columns for splitting concatenated data.
Use statistical formulas like =QUARTILE and calculate the interquartile range
(IQR). Highlight values outside the range with conditional formatting.
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Dynamic named ranges automatically adjust their size when new data is
added. Use the OFFSET function to define them, such as =OFFSET(A1, 0, 0,
COUNTA(A:A)).
Use Data Validation > List and the INDIRECT function to create a drop-down
list where options depend on another cell's selection.
The RANK function returns the rank of a number within a dataset. For
example, =RANK(A1, A1:A10) ranks the value in A1 among the range A1:A10.
Subtract the mean and divide by the standard deviation using =(Value -
MEAN) / STDEV. This standardizes data for comparison across variables.
Encrypt the workbook using File > Info > Protect Workbook. Lock specific
cells with Format Cells > Protection and enable sheet protection.
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98. How do you create a performance dashboard in Excel?
Combine Pivot Tables, slicers, and interactive charts to track KPIs. Use Excel
tables to enable automatic updates as new data is added.
99. What is the difference between absolute and relative cell references?
Solver finds the optimal solution by adjusting input values within defined
constraints. Use it for resource allocation or cost minimization problems.
Use the CORREL function to calculate the correlation coefficient. For example,
=CORREL(A1:A10, B1:B10) measures the strength of the relationship between
two variables.
Copy the chart in Excel (Ctrl + C) and paste it into PowerPoint (Ctrl + V).
Use the Paste Special option to link the chart for real-time updates.
Use the Data Analysis ToolPak or Insert > Chart > Histogram to group data
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into intervals and display the frequency distribution.
Use Copilot to perform common tasks like cleaning data, formatting tables, or
creating formulas. For example, prompt it to “Remove duplicates and
highlight outliers in this dataset.”
The IMAGE function embeds images directly into cells using a URL. For
example, =IMAGE("https://example.com//logo.jpg") displays the image in the
cell.
Copilot can consolidate data from multiple sheets or files, identify patterns,
and suggest charts or Pivot Tables for better visualization.
With Copilot, you can generate automated reports by providing prompts like
“Create a quarterly performance report” or “Summarize sales by region.”
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The UNIQUE function extracts unique values from a dataset dynamically. For
example, =UNIQUE(A1:A10) generates a list of distinct items from the range
A1:A10.
The SEQUENCE function generates a numeric array in rows and columns. For
example, =SEQUENCE(5, 2) creates a 5x2 array with sequential numbers
starting from 1.
The TOROW function converts a range of cells into a single row. For
example, =TOROW(A1:C3) consolidates the range A1:C3 into a horizontal array.
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The TOCOL function converts a range of cells into a single column. For
example, =TOCOL(A1:C3) consolidates the range A1:C3 into a vertical array.
Interactive slicers are created by selecting the Pivot Table and navigating to
Insert > Slicer. Slicers allow filtering data with clickable buttons.
Create a Gantt chart by using bar charts to represent task durations. Adjust
bar start and end dates using conditional formatting or chart customization.
Use a running total formula like =SUM($A$1:A1) and drag it down to calculate
the cumulative total for each row.
Use the formula =((New Value - Old Value) / Old Value) * 100 to calculate
the percentage change.
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123. How do you identify duplicates in Excel?
Use conditional formatting with the rule Highlight Cells Rules > Duplicate
Values to easily spot duplicate entries.
Use the TRANSPOSE function or Paste Special > Transpose to switch rows
to columns or vice versa.
Right-click a value in the Pivot Table and select Group. Grouping can be used
to organize dates into months, quarters, or years.
Use the TRIM function to remove unnecessary spaces, leaving only single
spaces between words.
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DAX (Data Analysis Expressions) is used in Power Pivot to create calculated
columns and measures. For example, =SUM(Sales[Amount]) calculates the total
sales.
Use conditional formatting with the rule Top/Bottom Rules > Top 10 Items to
automatically highlight the highest values in a dataset.
Automate tasks using VBA macros or Excel’s built-in Power Automate tools
to streamline recurring workflows.
Use the MODE.SNGL function to find the most frequently occurring number in a
dataset.
Use the PMT, IPMT, and PPMT functions to calculate loan payments, interest, and
principal for each period.
The CONCAT function combines text from multiple ranges into one string.
For example, =CONCAT(A1:A5) concatenates all values in the range A1:A5.
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136. How do you use Excel to manage inventory?
Create an inventory tracker using tables, formulas like SUMIF for totals, and
conditional formatting to flag low stock levels.
Use the LARGE function, such as =LARGE(A1:A10, 3), to find the 3rd largest
value in a range.
Use the NPV function to calculate the present value of cash flows based on a
discount rate. For example, =NPV(10%, A1:A5) calculates NPV with a 10%
rate.
Combine Pivot Tables with slicers and charts to create a dynamic dashboard
for interactive data exploration.
140. How do you use the OFFSET function for dynamic ranges?
Use the MEDIAN function to find the middle value of a dataset. For example,
=MEDIAN(A1:A10) returns the median value in A1:A10.
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patterns and make predictions.
Go to Format Cells > Custom and enter a format code like "Total: "$#,##0 to
display numbers with custom text or styles.
Use the FREQUENCY function to calculate how often values occur within
intervals. For example, =FREQUENCY(A1:A10, B1:B5) counts occurrences in
specified bins.
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Use conditional formatting with a formula like =OR(WEEKDAY(A1)=1,
WEEKDAY(A1)=7) to identify weekends.
Calculate cumulative cash flows and identify the period where the
cumulative value becomes positive.
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Insert a scatter plot (Insert > Chart > Scatter) to visualize relationships
between two variables, such as sales and advertising spend.
Use VBA to send emails from Excel based on cell data, or integrate with
Power Automate for more advanced automation.
161. How do you extract data from a web page into Excel?
Use Data > Get Data > From Web to scrape data directly from a web page into
an Excel sheet.
Use Power Query’s Get Data > Combine Queries feature to merge data from
multiple Excel files.
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Use Data > Data Validation to restrict entries to specific formats, such as
dates, numbers, or text length.
Use Pivot Tables to group and analyze data, and Power Query to clean and
reshape large datasets before summarization.
ROI is calculated using the formula (Revenue - Cost) / Cost. For example, if
a campaign cost $5,000 and generated $15,000 in revenue, =(15000 - 5000)
/ 5000 gives an ROI of 200%.
Create a table with columns for metrics like impressions, clicks, and
conversions. Use Pivot Tables to summarize and analyze the data, and charts
to visualize trends.
Use the formula Total Marketing Expenses / Number of New Customers. For
example, if marketing expenses are $50,000 and 1,000 new customers are
acquired, CAC is $50.
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169. How do you analyze customer segmentation in Excel?
Build separate sheets for inputs, calculations, and outputs. Use formulas like
NPV, IRR, and PMT to analyze cash flows, valuations, and debt schedules.
Use Data > What-If Analysis > Data Table to vary input values and see their
impact on key financial metrics, such as profit or ROI.
Use the PMT function. For example, =PMT(5%/12, 60, -10000) calculates the
monthly payment for a loan of $10,000 with a 5% annual interest rate over
60 months.
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components.
Create a table with columns for dates and employees. Use COUNTIF to count
attendance status like “Present” or “Absent” for each employee.
Use formulas like Gross Pay - Deductions = Net Pay and IF functions to
calculate tax brackets. For example, =IF(Salary>50000, Salary*0.3,
Salary*0.2) applies tiered tax rates.
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Use Excel tables to organize candidate details. Use filters to sort candidates
by status, and charts to visualize metrics like time-to-hire and source
effectiveness.
Use a Gantt chart with task names, start dates, and durations. Use
conditional formatting to highlight task progress and overdue tasks.
Create a table for tasks, estimated costs, and actual costs. Use SUM to
calculate totals and =(Actual - Estimated) / Estimated * 100 to calculate
cost variance percentages.
Create a resource matrix with tasks as rows and team members as columns.
Use formulas to calculate workloads and highlight over-allocated resources.
Create a risk assessment matrix with probability and impact scores. Use
conditional formatting to color-code high, medium, and low-risk items.
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Chartered Accountant (CA) and Company Secretary (CS) Excel
Interview Questions
Excel questions tailored for professionals in accounting and corporate compliance
roles.
Use logical functions like IF to calculate applicable tax rates. For example,
=IF(Income<=500000, Income*0.05, Income*0.1) applies tiered tax rates.
Use the SLN and DB functions to calculate straight-line and declining balance
depreciation. Create tables to track yearly depreciation values.
Use the formula Net Profit * Dividend Payout Ratio. For example, if net
profit is $1,000,000 and the payout ratio is 30%, the dividend is $300,000.
Flash Fill automatically fills patterns based on the first example. Use Ctrl +
E to quickly split or combine text without complex formulas.
Use Data Validation > List to create a dropdown. Enter the items manually
or reference a cell range for dynamic lists.
Select a range and click the Quick Analysis icon to access formatting, charts,
totals, and more. This provides instant visualizations and summaries.
Use Data > Text to Columns and select a delimiter (e.g., space or comma) to
split text into separate cells.
Use Ctrl + Arrow Keys to jump to the edges of data ranges and Ctrl + Shift
+ Arrow Keys to select large ranges.
Select a cell with the desired format, click Format Painter, and apply it to
other cells to replicate formatting.
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Use the OFFSET function to create ranges that adjust automatically as data
grows. For example, =OFFSET(A1, 0, 0, COUNTA(A:A)).
Use the Alt + = shortcut to automatically insert a SUM formula for a selected
range.
Select cells, go to Format Cells > Protection, and check Locked. Protect the
sheet to enforce cell locking.
Conclusion
Equipped with the 200 Excel interview questions and answers from this guide,
you now have a solid foundation to approach your Excel interview with
confidence. This collection covers not just the basics, but also the advanced
techniques that interviewers look for in a proficient Excel user. Understanding the
concepts behind each question will allow you to think critically and respond with
clarity, showcasing your Excel expertise. By applying these insights, you can walk
into your interview ready to impress and demonstrate your comprehensive Excel
skills.
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