CAT Questions

Q:

A man saves 20% of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by 15%, he is only able to save Rs. 400 per month. What is his monthly salary ?

A) Rs. 6000 B) Rs. 4500
C) Rs. 5000 D) Rs. 6500
 
Answer & Explanation Answer: C) Rs. 5000

Explanation:

Income = Rs. 100

Expenditure = Rs. 80

Savings = Rs. 20

Present Expenditure 80x(15/100) = Rs. 12 = 80 + 12 = Rs. 92

Present Savings = 100 – 92 = Rs. 8

100 ------ 8
? --------- 400 => 5000

His salary = Rs. 5000

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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24 18743
Q:

The simple interest on a sum of money will be Rs.600 after 10 years. If the principal is trebled after 5 years what will be the total interest at the end of the tenth year ?

A) Rs. 1100 B) Rs. 1200
C) Rs. 1000 D) Rs. 1840
 
Answer & Explanation Answer: B) Rs. 1200

Explanation:

P --- 10 ----- 600 

  P --- 5 ----- 300

3P --- 5 ----- 900
                __________
                   1200

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Filed Under: Simple Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

24 12123
Q:

At present, the ratio between the ages of Arun and Harish is 4:3. After 6 years, Arun's age will be 26 years. What is the age of Harish at present ?

A) 15 years B) 16 years
C) 18 years D) 21 years
 
Answer & Explanation Answer: A) 15 years

Explanation:

Let the present ages of Arun and Harish be 4x and 3x years respectively.

Then, 4x + 6 = 26 => x = 5

Harish's age = 3x = 15 years.

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Filed Under: Problems on Ages
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

8 8588
Q:

Who of the following appointed as head of Punjab National Bank  ?

A) Dinabandu Mohapatra B) Usha Ananthasubramanian
C) R A Narayan D) Sunil Mehta
 
Answer & Explanation Answer: D) Sunil Mehta

Explanation:

Dinabandu Mohapatra for - Bank of India

Usha Ananthasubramanian  for - Allahabad Bank

R A Sankara Narayan for - Vijaya Bank

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

5 4043
Q:

When is the International Firefighters' Day(IFFD) observed every year ?

A) 2 May B) 4 May
C) 3 May D) 6 May
 
Answer & Explanation Answer: B) 4 May

Explanation:

International Firefighters' Day (IFFD) is observed on May 4. It was instituted after proposal emailed out across the world on January 4, 1999 due to the deaths of five firefighters in tragic circumstances in a bushfire in Australia.

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Filed Under: Important Days and Years
Exam Prep: Bank Exams , CAT

3 2573
Q:

What is cash budget ?

Answer

Cash budget is the budget which is prepared under the finance budget. It is an estimation of the expected cash receipts and cash payments during the budget period. By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash. Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget.

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Subject: Accounting and Finance Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank PO

2 656
Q:

Nobel Prize is established in  ?

A) 1931 B) 1911
C) 1901 D) 1951
 
Answer & Explanation Answer: C) 1901

Explanation:
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Filed Under: General Science
Exam Prep: CAT , Bank Exams

8 3157
Q:

Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?

A) 4 : 5 B) 5 : 4
C) 7 : 6 D) 6 : 7
 
Answer & Explanation Answer: A) 4 : 5

Explanation:

Let x be the investment of Lasya in 5% and y be in 4%

x(5)(n)/100 = y(4)(n)/100

=> x/y = 4/5

x : y = 4 : 5

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

3 3002