CAT Questions

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A savings account is the most basic type of account at a bank or credit union, allowing you to deposit money, keep the funds safe, and withdraw funds as needed. Savings accounts typically pay interest on your deposits, which helps you grow your money, but rates are relatively low on these low-risk accounts.

A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines and electronic debits, among other methods.

Hence, Saving accounts usually offer higher interest rates than checking accounts.

Microsoft has acquired Flipgrid, an education start-up with an app that lets students record and share videos on specific topics with their classmates.

Microsoft is making Flipgrid free of charge.

Cambodia Capital- Phnom Penh, Currency- Cambodian riel.

The only session of Indian National Congress which was presided by Mahatma Gandhi was held at Belgaum in 1924.

Polygenic inheritance involves the determination of a particular phenotypic characteristic by many genes, called polygenes(group of genes influencing a quantitative characteristic), each having a small effect individually.

Height and skin colour in humans are examples of Polygenic characters.

Capital expenditures are capitalized because of the timing of their estimated benefits – the lemonade stand will benefit the firm for many years. The employees’ work, on the other hand, benefits the period in which the wages are generated only and should be expensed then. This is what differentiates an asset from an expense.