What are the similarities between interfaces and abstract classes?

Short answer: Both can define contracts for derived classes. Both support polymorphism. Both cannot be instantiated directly. Both can be used with dependency injection.

Real-world example (ShopNest)

Checkout calls IPaymentGateway.Charge(). Razorpay and Stripe adapters implement the same interface, so ShopNest can switch gateways without rewriting the order service.

Say this in the interview

1. Define — one clear sentence (the short answer above).
2. Example — relate it to a project like ShopNest or your real work.
3. Trade-off — when you would not use it.