CAT Questions

Q:

What are the Golden Rules Of Accounting ?

Answer

Golden rules of accounting convert complex book-keeping rules into a set of well defined principles which can be easily studied and applied.



Real accounts involve machinery, land and building etc... Similarly when you credit what goes out, you are reducing the account balance when a tangible asset goes out of the organization. Debit All Expenses And Losses, Credit All Incomes And Gains. This rule is applied when the account in question is a nominal account.


Personal-Account


---Debit the receiver


---Credit the Giver


Real-Account


---Debit what comes in


---Credit what goes out


Nominal-Account


---Debit all expenses and losses


---Credit all income and gains

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

3 2663
Q:

Which day is celebrated by United Nations Educational, Scientific and Cultural Organization (UNESCO) on May 3 ?

A) World Press Freedom Day B) World Health Day B. CD.
C) International Yoga Day D) World Malaria Day
 
Answer & Explanation Answer: A) World Press Freedom Day

Explanation:
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Filed Under: Important Days and Years
Exam Prep: Bank Exams , CAT
Job Role: Bank PO

2 2958
Q:

Which is first city in the world to get its own Microsoft font in 2017 ?

A) India B) Iran
C) Dubai D) Iraq
 
Answer & Explanation Answer: C) Dubai

Explanation:

Dubai has become the first city in the world to get its own Microsoft font.

ii. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of the Executive Council, launched the Dubai Font recently.

iii. The font, available in three styles as 'Dubai', 'Dubai Medium' and 'Dubai Light', can be in italics, underlined and bold.

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

2 1933
Q:

Which state announced the shift of financial year from March - April to Jan - December  ?

A) Assam B) Goa
C) Kerala D) Madhya Pradesh
 
Answer & Explanation Answer: D) Madhya Pradesh

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

4 2427
Q:

Who got the ‘Transformative Chief Minister Award’ in USIBC in 2017 ?

A) Mr. Vijay Singh B) Mr. Suresh Babu
C) Mr.Chandrababu Naidu D) Mr. Achuathanan
 
Answer & Explanation Answer: C) Mr.Chandrababu Naidu

Explanation:
Andhra Pradesh Chief Minister Chandrababu Naidu has been selected for the  'Transformative Chief Minister Award 2017' in recognition for his role in advancing the US-India partnership at the state level.
 
ii. The award by the US-India Business Council (USIBC) would be presented to Mr. Naidu during the USIBC West Coast Summit in Bengaluru (the Silicon Valley) on May 8.
 
 
iii. Last year’s recipient of this award was Amitabh Kant, CEO of Niti Aayog.

 

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Filed Under: Famous Personalities
Exam Prep: AIEEE , Bank Exams , CAT
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5 4696
Q:

I. a2-7a+12 = 0,

II. b2-3b+2 = 0

Solve both the equations to find the values of a and b  ?

A) if a > b B) if a < b
C) if the relationship between a and b cannot be established. D) if a ≤ b
 
Answer & Explanation Answer: A) if a > b

Explanation:

I.  (a - 3)(a - 4) = 0

 

=> a = 3, 4

 

II.   (b - 2)(b - 1) = 0

 

=> b = 1, 2

 

=> a > b

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Filed Under: Statement and Conclusions
Exam Prep: GRE , GATE , CAT , Bank Exams , AIEEE
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1 18954
Q:

Two persons start running simultaneously around a circular track of length 300 m from the same point at speeds of 15 km/hr and 25 km/hr. When will they meet for the first time any where on the track if they are moving in opposite directions  ?

A) 27 sec B) 31 sec
C) 23 sec D) 29 sec
 
Answer & Explanation Answer: A) 27 sec

Explanation:

Time taken to meet for the first time anywhere on the track

= length of the track / relative speed

= 300 / (15 + 25)5/18 = 300x 18 / 40 x 5 = 27 seconds.

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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24 18087
Q:

Two pipes A and B can separately fill a cistern in 10 and 15 minutes respectively. A person opens both the pipes together when the cistern should have been was full he finds the waste pipe open. He then closes the waste pipe and in another 3 minutes the cistern was full. In what time can the waste pipe empty the cistern when fill  ?

A) 8.21 min B) 8 min
C) 8.57 min D) 8.49 min
 
Answer & Explanation Answer: C) 8.57 min

Explanation:

1/10 + 1/15 = 1/6 x 3 = 1/2

1 - 1/2 = 1/2

1/10 + 1/15 - 1/x = 1/2

x = 8.57 min

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Filed Under: Pipes and Cistern
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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36 13420