CAT Questions

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Whereas

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Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.

The main principles of mercantilism:

• the country's wealth is determined by the amount of precious metals in the country,

• Wealth is created in business relations (International Trade)

• The goal is an active trade balance of trade,

• to serve protectionism, government subsidies and the issue of protective tariffs.

Industrialization resulted in both economic growth and increased urbanization in American society.

The temperance movement of the late nineteenth and early twentieth centuries was an exception in many ways: "Temperance" refers to the moderate consumption of alcoholic beverages.

However, in the context of the temperance movement, the term usually indicated complete abstinence, which means drinking no alcohol at all. The goal of the temperance movement in the United States was to make the production and sale of alcohol illegal. Supporters believed that prohibiting alcohol would solve a number of society's problems, making people safer, healthier, and more productive.

Day               Play

Monday        No play
Tuesday           P
Wednesday       S
Thursday          R
Friday              Q
Saturday          T

Answers :

From the above table :

1) On Friday play Q was organised.

2) On Monday Noplay  was organised.

3)  On Thursday Play R was organised.

‘Assets’ mean things that have earning power or some other value to their owner. ‘Auction’ means a public sale in which goods or property are sold to the highest bidder. ‘Autarky’ refers to the idea that a country should be self-sufficient and not take part in international trade. ‘Arbitrage’ means the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. ‘Amortisation’ means the running down or payment of a loan by instalments. The given passage includes the presence of an ‘auctioneer’ who is defined as a person who conducts auctions by accepting bids and declaring goods sold. Thus, option 2 is the correct fit for all three blanks.