CAT Questions

Q:

Choose the option that best captures the essence of the text.
Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.

A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them. B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them. D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
 
Answer & Explanation Answer: B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.

Explanation:

The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.

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Filed Under: English
Exam Prep: CAT , GRE , TOEFL

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Q:

On what basis currency value depends?

A) inflation B) employment
C) imports and exports D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

In economy, the currency value depends on imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices.

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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

A word processor would most likely be used to do

A) type a biography B) maintain an inventory
C) a word processor would most likely be used to do D) do a computer search in media center
 
Answer & Explanation Answer: A) type a biography

Explanation:
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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

In which body cavities are the lungs located

A) Pelvic cavity B) Thoracic cavity
C) Abdominal cavity D) Body cavity
 
Answer & Explanation Answer: B) Thoracic cavity

Explanation:
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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Where does translation occur?

A) Nucleus B) Ribosomes
C) Cytoplasm D) mitochondrion
 
Answer & Explanation Answer: C) Cytoplasm

Explanation:

Right after that, the mRNA enters the cytoplasm through nuclear pores. There, it could be translated into proteins by ribosomes. This process is called translation.

 

Translation occurs in the cytoplasm whereas transcription occurs in the nucleus.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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5 2718
Q:

Anaerobic glycolysis occurs without

A) water B) glucose
C) oxygen D) All of the above
 
Answer & Explanation Answer: C) oxygen

Explanation:

Anaerobic glycolysis is the transformation of glucose to lactate when limited amounts of oxygen (O2) are available. 

 

Hence, Anaerobic glycolysis occurs without oxygen.

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Filed Under: Chemistry
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Q:

In the first 39 overs of a cricket match, the run rate was 4.6 runs/over. Calculate the required run rate in the remaining 11 overs to reach the target of 252 runs?

A) 7.2 B) 5.7
C) 6.3 D) 6.6
 
Answer & Explanation Answer: D) 6.6

Explanation:
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Filed Under: Average
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

What do you understand by Intercompany Settlement ?

Answer

A company may also have various company codes across the different locations. There will be exchange of services between these company codes. These goods and services which are shared or exchanged between these company codes are bring to terms during the month end process. The exchange difference has to be settled by a company code in the way of money transfer.


This process is known as Intercompany Settlement. 

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Subject: Accounts Payable Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

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