CAT Questions

Q:

A government subsidy to the producers of a product

A) reduces product demand B) increases product supply
C) reduces product supply D) increases product demand
 
Answer & Explanation Answer: B) increases product supply

Explanation:
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Q:

Where is the headquarters of Tea Board of India?

A) Kolkata B) Dispur
C) Ranchi D) Imphal
 
Answer & Explanation Answer: A) Kolkata

Explanation:

The headquarters of Tea Board of India is in Kolkata, West Bengal.

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Q:

Which city has been named as the world's most liveable city for the seventh year in a row by The Economist in its Global Liveability Report ?

A) Hyderabad B) Vienna
C) Melbourne D) New Delhi
 
Answer & Explanation Answer: C) Melbourne

Explanation:
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Q:

India's longest rail-road bridge #Bogibeel Bridge has built over which river?

A) Brahmaputra B) Ganga
C) Yamuna D) Godavari
 
Answer & Explanation Answer: A) Brahmaputra

Explanation:

Bogibeel bridge ( 4940 m ) is a combined road and rail bridge over the Brahmaputra river in the north eastern Indian state of Assam between Dhemaji district and Dibrugarh district.

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Q:

Do plant cells have Mitochondria?

A) Yes B) No
C) Can't be determined D) None
 
Answer & Explanation Answer: A) Yes

Explanation:

Yes, plant cells have Mitochondria.

While plant cells have chloroplasts to photosynthesize, they also require ATP for cellular functions, and do use oxygen to break down some of the sugar they produce in order to generate that ATP. They need mitochondria for this.

In particular, at night when there is no light, plants undergo cellular respiration since there is no sunlight to photosynthesize.

They do, however, produce far more sugar and oxygen through photosynthesis than they use up in respiration.

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Q:

A master plan is devised for

A) Long-range goals B) Emergencies
C) Short-term goals D) Investments
 
Answer & Explanation Answer: A) Long-range goals

Explanation:

A master plan is devised for long-range goals.

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Q:

In the aggregate expenditures model, it is assumed that investment

in_the_aggregate_expenditures_model_it_is_assumed_that_investment1553493949.jpg image

A) does not change when real GDP changes B) does not respond to changes in interest rates
C) changes by less in percentage terms than changes in real GDP D) automatically changes in response to changes in real GDP
 
Answer & Explanation Answer: A) does not change when real GDP changes

Explanation:

In the aggregate expenditures model, it is assumed that investment does not change when real GDP changes.

 

  • The aggregate expenditure is the sum of all the expenditures undertaken in the economy by the factors during a specific time period.

 

  • The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.
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Q:

In economics, if a good is inelastic,

A) its supply or demand is not sensitive to price changes. B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it. D) its supply or demand is too sensitive to price changes.
 
Answer & Explanation Answer: A) its supply or demand is not sensitive to price changes.

Explanation:

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

 

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

 

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

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