CAT Questions

Q:

Arun took a loan of Rs. 29000 with simple interest for as many years as the rate of interest. If he paid Rs. 10440 as interest at the end of the loan period, what was the rate of interest?

A) 5.5% B) 6%
C) 6.5% D) 7%
 
Answer & Explanation Answer: B) 6%

Explanation:

Principle amount = Rs. 29000

Interest = Rs. 10440

Let rate of interest = r%

=> So, time = r years

According to the question,

10440 = 29000 x r x r/100

290 x r x r = 10440

r x r = 1044/29 = 36

r = 6

 

Hence, the rate of interest = 6% and time = 6 yrs.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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15 2632
Q:

Oxygen in our blood is transported by a protein named

A) keratin B) myoglobi
C) collagen D) haemoglobin
 
Answer & Explanation Answer: D) haemoglobin

Explanation:

Oxygen in our blood is transported by a protein named Haemoglobin.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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8 2629
Q:

When referring to student loans what is a grace period?

A) 6 months B) 12 months
C) 18 months D) 24 months
 
Answer & Explanation Answer: A) 6 months

Explanation:

6 months after graduating or quitting school when you have to start paying back the loans.

 

A grace period is one term that’s provided for student loans that allow you to delay payments up to a certain length of time, without penalty. During a grace period no late charges would apply, and the loan would not risk falling into default for missed payments. The grace period allows you time to find financial stability prior to having to make payments on your student loans.

 

Many students use student loans to help pay for their college expenses, including tuition, books, room and board, and other living expenses. Students are expected to repay these loans when they graduate.

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

2 2628
Q:

Which of the following is not a RM principle?

A) Apply the RM process to situations where serious injury might occur B) Accept no unnecessary risk
C) Integrate RM into all phases of missions and activities D) Make risk decisions at the appropriate level
 
Answer & Explanation Answer: A) Apply the RM process to situations where serious injury might occur

Explanation:

Apply the RM process to situations where serious injury might occur is not a RM (Risk Management) principle.

 

Risk Management :: A decision-making process for managing day-to-day schedules when there are conflicts.

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Filed Under: Conflict management
Exam Prep: Bank Exams , CAT
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2 2626
Q:

What event resulted in the creation of NASA?

Answer

It has been said that the creation of NASA was due to the space exploration race between the US and the Soviet Union. One of the drives to the creation of NASA is the launching of Sputnik on October 4, 1957.


 


Since then, further explorations have been made by the agency.

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Subject: World Geography Exam Prep: AIEEE , Bank Exams , CAT
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4 2626
Q:

In how many different ways the letters of the word 'TRANSFORMER' can be arranged such that 'N' and 'S' always come together?

A) 112420 B) 85120
C) 40320 D) 1209600
 
Answer & Explanation Answer: D) 1209600

Explanation:

Given word is TRANSFORMER.

Number of letters in the given word = 11 (3 R's)

 

Required, number of ways the letters of the word 'TRANSFORMER' can be arranged such that 'N' and 'S' always come together is

10! x 2!/3!

= 3628800 x 2/6

= 1209600

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7 2626
Q:

Which Bank has tied up with Samsung Pay through which cardholders will be able to pay using smartphones at merchant establishments  ?

A) HDFC Bank B) Yes Bank
C) Kotak Mahindra Bank D) Punjab National Bank
 
Answer & Explanation Answer: C) Kotak Mahindra Bank

Explanation:
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Filed Under: Marketing and Sales
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 2626
Q:

Elephant festival is celebrated in which city?

A) Jaipur B) Bangalore
C) Mizoram D) Dispur
 
Answer & Explanation Answer: A) Jaipur

Explanation:

Elephant Festival is a festival celebrated in Jaipur city in Rajasthan state in India. It is held on the day of Holi festival, usually in the month of March. The festival features Elephant polo and Elephant Dance.

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

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