CAT Questions

Q:

What is 'Three-Way Match' refers in Acconting ?

Answer

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices.


Here Three-way refers to the three documents involved :


* Vendor's invoice which was received and will become part of an organization's accounts        payable if approved.


* Purchase order that was prepared by the organization.


* Receiving report that was prepared by the organization.


And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received.


After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

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

9 3166
Q:

Blasphemy is to religion as treason is to what

A) government B) constitution
C) reason D) None of the above
 
Answer & Explanation Answer: A) government

Explanation:

Treason is a violation or attack against a person's government which puts the safety of the government at risk. Blasphemy is speaking or acting against a person's religion which attacks the belief system of that religion.

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

6 3165
Q:

GDPR means

A) General Data Protection Regulation B) Generic Data Per Random
C) Generic Data Protection Regulation D) Gross Data Protection Regulation
 
Answer & Explanation Answer: A) General Data Protection Regulation

Explanation:

GDPR stands for the General Data Protection Regulation. The GDPR is a piece of EU legislation passed by the European Parliament in 2016.

 

It aims to make it simpler for people to control how companies use their personal details.

Companies will not be allowed to collect and use personal information without the person's consent.

Data includes things like a person's name, email address and phone number, and also internet browsing habits collected by website cookies.

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

0 3164
Q:

Microbial Type Culture Collection Centre is situated at

A) Chandigarh B) New Delhi
C) Hyderabad D) Bangalore
 
Answer & Explanation Answer: A) Chandigarh

Explanation:
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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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0 3164
Q:

India's largest digital bank _____________ is the only bank providing zero balance accounts and zero charges on digital transactions.

A) Paytm Payments Bank B) India Post Payments Bank
C) Airtel Payments Bank D) All the above
 
Answer & Explanation Answer: A) Paytm Payments Bank

Explanation:

Paytm Payments Bank is the India's largest digital bank providing zero balance accounts and zero charges on digital transactions.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

8 3162
Q:

Which branch of government declares war?

A) Legislative B) Executive
C) Judicial D) All the above
 
Answer & Explanation Answer: B) Executive

Explanation:
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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
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1 3162
Q:

The process of conversion of sugar to alcohol is called

A) Moulding B) Infection
C) Fermentation D) Alcohol fixation
 
Answer & Explanation Answer: C) Fermentation

Explanation:

The process of conversion of sugar to alcohol is called Fermentation in which sugar is coverted to alcohol with the help of yeast.

yeasts11551269935.png image

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT
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3 3162
Q:

Crack the relationship puzzle?

blood_relation_puzzle1562232420.jpg image

A) Sister B) Mother
C) Grand Mother D) Sister-in-law
 
Answer & Explanation Answer: C) Grand Mother

Explanation:

From drawing the relationships given above,

Sana is Grand mother of Sony.

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Filed Under: Blood Relations
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59 3162