CAT Questions

Q:

First Bank to introduce ATM in India is ?

A) ICICI Bank B) HSBC Bank
C) HDFC Bank D) YES Bank
 
Answer & Explanation Answer: B) HSBC Bank

Explanation:

HSBC (Hongkong and Shanghai Banking Corporation) is the first bank to introduce ATM concept in India in the year 1987 in Mumbai.

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Filed Under: General Awareness
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12 9753
Q:

In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 ½ %  ?

A) 5.2 yrs B) 7 yrs
C) 7.9 yrs D) 6.3 yrs
 
Answer & Explanation Answer: D) 6.3 yrs

Explanation:

P = Rs. 900, R = 3 ½ % = 7/2 %, T = 2 years. 

Therefore, 

S.I. = PTR/100

S.I. = Rs. (900 x 7/2 x 2/100) = Rs. 63

Now, P = Rs. 200, S.I. = Rs. 63, R = 5 %

Time = ((100 x 63) / (200 x 5) ) years = 6.3 years.

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Filed Under: Simple Interest
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6 9737
Q:

The headquarters of the coffee board of India is

A) Bangalore B) Mysore
C) Chennai D) Hyderabad
 
Answer & Explanation Answer: A) Bangalore

Explanation:

The Coffee Board of India is an organisation managed by the Ministry of Commerce and Industry of the government of India to promote coffee production in India. The headquarters of the coffee board of India is located in Bangalore, Karnataka.

 

The Coffee Board of India was established by an act of Parliament in 1942.

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Filed Under: Indian Geography
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7 9721
Q:

Which is not true of the Intertropical Convergence Zone?

A) It features heavy precipitation B) It's where the trade winds collide
C) It's a high-pressure zone with sinking air D) It is also known as the doldrums
 
Answer & Explanation Answer: C) It's a high-pressure zone with sinking air

Explanation:

The Inter-tropical convergence zone rather has rising air, with common thunderstorms and attendant precipitation and is known by seamen as the doldrums.

Inter-tropical convergence zone is where the trade winds collide.

 

Hence, it is not a high pressure zone with sinking air.

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Filed Under: General Awareness
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5 9716
Q:

Who said 'Supply creates its own demand' ?

A) Marshall B) Ricardo
C) Adam Smith D) J. B. Say
 
Answer & Explanation Answer: D) J. B. Say

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
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15 9702
Q:

High level language is also called as ?

A) Business oriented language B) Mathematically oriented language
C) Problem oriented language D) All of above
 
Answer & Explanation Answer: D) All of above

Explanation:
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49 9697
Q:

Contra-entries are passed only when

A) Simple cash book is prepared B) Double column cash book is prepared
C) Three column cash book is prepared D) None of the above
 
Answer & Explanation Answer: B) Double column cash book is prepared

Explanation:

Contra-entry is the entry which effected the both sides in cash book.

It is occured in three times, i.e.,

1.Cash deposited in to bank,

2.Cash withdrawn from the bank for office use, and

3.Receivable cheque deposited in to the bank in another day.

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Filed Under: Accounts Receivable
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15 9684
Q:

A is 50% more efficient than B. They together start the work and 7/12th of work is left after 8 days. Find in what time B alone will complete the whole work.

A) 36 days  B) 44 days 
C) 50 days  D) 40 days 
 
Answer & Explanation Answer:

Explanation:

Ratio of efficiency of A to B is 3 : 2

Let, In 8 days they complete = (3 + 2) × 8 = 40 units

So, total work = 40 × 12/5 units

Time taken by B alone to complete whole work = 40 ×  12/5 ×2 = 48 days 

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Filed Under: Time and Work
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5 9682