CAT Questions

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Every year on 24th October, United Nations Day is celebrated to commemorate the day of United Nations formation. 

The United Nations is an intergovernmental organization that was tasked to maintain international peace and security, develop friendly relations among nations, achieve international co-operation and be a centre for harmonizing the actions of nations. I was started on 24 October 1945.

The most important thing to remember when answering this question is that it really is not about what you did wrong. It's about how you handled a difficult situation and what you learned from it. Describe your biggest failure and discuss what you've learned from it and ideally how you've been successful because of that lesson.The real reason why interviewers ask about your biggest failure is that it reveals a lot about your ability

- to take risks
- face challenges
- acknowledge your mistakes and
- learn from them.

The International Day of Democracy is observed every year on September 15 to highlight the values of freedom and respect for human rights as essential elements of democracy.

The theme of the 2018 International Day of Democracy is "Democracy under Strain : Solutions for a changing world".

Cost variance is nothing but the difference between the actual incurred cost and the estimated standard cost. This can be occured due to any changes in the volume of goods or services ordered. 

A favorable cost variance occurs when the actual incurred cost is less than the standard cost estimated before the production.

A monopoly is a market that has a single seller of a unique product in the market. He does not have any competition in the market as he has no substitute product for the product he is selling.