CAT Questions

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Japanese Ukiyo-e prints depicted the everyday world or the transitory world we live.

About 71% of the earth's surface is covered with water. In that 71% only 4% of water is a fresh water.

A chemical reaction in which involves the absorption of heat from the environment is called a Endothermic reaction. 

Examples : Dissolving ammonium chloride in water, photosynthesis, melting ice cubes, mixing of potassium chloride with water,...

In the contrast, chemical reactions involving release of heat are known as exothermic reactions.

Examples : Combustion, coal is burnt, mix of CaO with water,...

The words "asset" and "liability" are two very common words in accounting. Liabilities are legally binding obligations that are payable to another person or entity. Accounts payable, loans, mortgages, deferred revenue,... come under liabilities.

The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".

For example:

If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.

Storage containers for recyclables must be designed to prevent the entry of rodents.

Administered prices are prices set by government or firms which are not determined by regular market forces. They do not vary in response to short-run fluctuations in demand and supply conditions.

Examples include price controls and rent controls.