CAT Questions

Q:

A capital expenditure results in a debit to 

A) an asset account B) a liability account
C) an expense account D) a capital account
 
Answer & Explanation Answer: A) an asset account

Explanation:
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Q:

Speed Maths Test

3 5 10 12 18 20 32 33 35 44 49 54 56 60

From the list above, how many pairs of numbers have a difference of 12?

Answer

From the given list of numbers, by observing


Only 3 pairs of numbers have the difference of 12.


They are 


20 - 32


44 - 32


44 - 56.

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Q:

To the economist, total cost includes

A) neither implicit nor explicit costs. B) implicit, but not explicit, costs.
C) explicit, but not implicit, cost. D) explicit and implicit costs.
 
Answer & Explanation Answer: D) explicit and implicit costs.

Explanation:
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Q:

Which ministry has started the exercise to revise base year to 2017 - 2018 for computation of wholesale inflation?

A) Ministry of Commerce and Industry B) Ministry of Finance
C) Ministry of Corporate Affairs D) All the above
 
Answer & Explanation Answer: A) Ministry of Commerce and Industry

Explanation:

The India's commerce and industry ministry has started the exercise to revise base year to 2017-18 for computation of wholesale inflation with a view to present more realistic picture of the price situation

 

In May last year, the government revised the base year for WPI-based inflation to 2011-12 to give a better indication of changes in prices of commodities.

 

The new index, with 2017-18, is expected to have new items, which would provide a more realistic picture of price rise and its impact on people.

 

Most of the additions could be in the manufactured products category. Currently, the index has a total of 697 items, including primary articles, fuel and power and manufactured products.

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Q:

The National Flag Code of India has taken effect from

A) 26th January 2002 B) 15th August 2000
C) 26th Jan 2001 D) 15th August 2001
 
Answer & Explanation Answer: A) 26th January 2002

Explanation:

There is universal affection and respect for and loyalty to the Indian National Flag. As it is the symbol of our national pride it represents the hopes and aspiration of the people.


The Flag Code of India 2002 permits unrestricted display of the tricolour, consistent with the honour and dignity of the flag.

 

The Flag Code of India has been divided into three parts:-

1. General Description of the National Flag.

2. Display of the National Flag by members of public, private Organizations & educational institutions etc.

3. Display of National Flag by Central or State Governments and their organizations and agencies.

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Q:

Which of these is true of all simple machines?

A) these make work easier B) work input > work output
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:
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Q:

A large underground economy results in an

A) Understated GDP price index B) Understated GDP
C) Overstated GDP D) Overstated GDP price index
 
Answer & Explanation Answer: C) Overstated GDP

Explanation:

A large underground economy results in an Overstated GDP. The underground economy is also called as Black market. It refers to illegal economic activity. Transactions in the underground economy are illegal either because the good or service being traded is illegal or because an otherwise licit transaction does not comply with government reporting requirements.

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Q:

Where is Mount Abu located?

A) Gujarat B) Haryana
C) Rajasthan D) Jharkand
 
Answer & Explanation Answer: C) Rajasthan

Explanation:

Mount Abu is a popular hill station in the Aravalli Range in Sirohi district of Rajasthan state in western India.

 

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