CAT Questions

Q:

What is the full form of SOX and what does it means in Accounting ?

Answer

Sarbanes Oxley Act. Otherwise known as Public companies Accounting reforms and investor protection Act. It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures.

Report Error

View answer Workspace Report Error Discuss

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

7 4851
Q:

Which Bank has acquired payments wallet Freecharge for Rs. 373 crore in an all-cash deal ?

A) HDFC Bank B) Karnataka Bank
C) ICICI Bank D) Axis Bank
 
Answer & Explanation Answer: D) Axis Bank

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

12 4851
Q:

Which state become the second state to accept online applications by launching e-RTI portal  ?

A) Maharashtra B) Telangana
C) Haryana D) Delhi
 
Answer & Explanation Answer: D) Delhi

Explanation:


1. Filing an RTI application with the Delhi government is now just a click away. Delhi became the second state to launch e-RTI portal that will enable citizens to file online Right to Information (RTI). Maharashtra is the first state to launch the online RTI platform.

2. The portal launched recently will enable citizens to file RTI and seek information related to 172 departments of the Delhi government including the office of the CM and his ministers.

3. The e-RTI portal, which has been designed by the National Informatics Centre (NIC), includes filling of application, payment of fees and getting replies online.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk

13 4850
Q:

Prince of Wales cup is associated with the game of

A) Golf B) Hockey
C) Volleyball D) Basketball
 
Answer & Explanation Answer: A) Golf

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Sports
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration

8 4847
Q:

What is the place value of 0 in 103?

A) 0 B) 100
C) 10 D) 103
 
Answer & Explanation Answer: A) 0

Explanation:

The place value of 0 in 103 is given by the product of digits place in the number and the digit.

Here 0 is in 10's place in 103

=> 0 x 10 = 0.

 

Hence, The place value of 0 in 103 = 0.

Report Error

View Answer Report Error Discuss

Filed Under: Arithmetical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

13 4843
Q:

A can do a piece of work in 15 days and B can do it in 16 days and C can do it 24 days. They started the work together and A leaves after 3 days and B leaves after 4 days from the beginning. How long will work lost ?

A) 10 2/3 days B) 13 1/5 days
C) 12 2/3 days D) 11 5/7 days
 
Answer & Explanation Answer: B) 13 1/5 days

Explanation:

3/15 + 4/16 + x/24 = 1

x=1315

Report Error

View Answer Report Error Discuss

Filed Under: Time and Work
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

3 4838
Q:

A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

A) Rs. 7000 B) Rs. 4500
C) Rs. 9000 D) Rs. 8200
 
Answer & Explanation Answer: C) Rs. 9000

Explanation:

Let Rs. K invested in each scheme

Two years C.I on 20% = 20 + 20 + 20x20/100 = 44%

Two years C.I on 15% = 15 + 15 + 15x15/100 = 32.25%

Now,

(P x 44/100) - (P x 32.25/100) = 528.75

=> 11.75 P = 52875

=> P = Rs. 4500

 

Hence, total invested money = P + P = 4500 + 4500 = Rs. 9000.

Report Error

View Answer Report Error Discuss

19 4835
Q:

A watch which gains uniformly is 2 minutes low at noon on Tuesday and is 4 min 48 sec fast at 2 p.m. on the following Tuesday. When was it correct ?

A) 12 p.m. on Wednesday B) 2 p.m. on Thursday
C) 3 p.m. on Thursday D) 2 p.m. on Wednesday
 
Answer & Explanation Answer: B) 2 p.m. on Thursday

Explanation:

Time from 12 p.m. on Tuesday to 2 p.m. on the following Tuesday = 7 days 2 hours.
= 170 hours.
The watch gains = (2 + 4 x 4/5) min
= 34/5 min. in 170 hrs.
Now, 34/5 min are gained in 170 hrs.
Then, 2 min are gained in (170 x 5/34 x 2) hrs.
Watch is correct after 2 days 2 hrs after 12 p.m. on Tuesday, i.e., it will be correct at 2 p.m. on Thursday.

Report Error

View Answer Report Error Discuss

Filed Under: Clocks
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO , Network Engineer , Project Manager

9 4832