CAT Questions

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Sumitra Mahajan is the current speaker of Lok Sabha.

Airtel Payments Bank is the first payment bank in India. A payments bank is a new category of banks conceptualized by the Reserve Bank of India, which operates at a smaller scale than an actual bank and doesn't involve any credit risk. It can carry out most banking operations but can't advance loans or issue credit cards.

The RBI as of date has given licences to 11 payments bank of which six are currently operational. These include

1. Aditya Birla Payments Bank,
2. Airtel Payments Bank,
3. India Post Payments Bank,
4. Fino Payments Bank,
5. Jio Payments Bank (and)
6. Paytm Payments Bank.

The Nobel Peace Prize is awarded in Oslo city in Norway while other Nobel Prizes in Physics, Chemistry, Literature, Medicine,... are awarded in Stockholm, Sweden.

The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production. 

Yes, Every integer is a rational number.  A rational number is a number which can be expressed as a ratio of two integers numerator and denominator where (the denominator not being 0 ).

Hence, Every integer can be expressed in ratio of two integers. 

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.