Common Admission Test (CAT) Questions and Answers with Explanation

Q:

The Supreme Court is best characterized as

A) a judicial court	B) a federal court
C) a inferior court	D) an appellate court

Answer & Explanation Answer: D) an appellate court

Explanation:

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Q:

Oligopolistic industries are characterized by

A) a few dominant firms and no barriers to entry	B) a large number of firms and low entry barriers
C) a few dominant firms and substantial entry barriers	D) a few dominant firms and low entry barriers

Answer & Explanation Answer: C) a few dominant firms and substantial entry barriers

Explanation:

Oligopoly is market structure where a small number of large firms are there. Oligopolistic industries are characterized by a few dominant firms and substantial entry barriers.

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Filed Under: Business Awareness
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Q:

Which of the following statements about minimum payments is incorrect?

A) If you send in the minimum payment, you will be charged a late fee	B) Paying the minimum means you are only paying off a portion of your total debt
C) You will still pay interest on your balance if you submit the minimum payment	D) Minimum payments are typically only 2-4% of your total debt

Answer & Explanation Answer: A) If you send in the minimum payment, you will be charged a late fee

Explanation:

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Q:

Who has been appointed as Chairman of Insurance Regulatory and Development Authority of India (IRDAI) and is an IAS officer?

A) TS Vijayan	B) Subhash Chandra Khuntia
C) Devendra Jhajharia	D) T K Malhotra

Answer & Explanation Answer: B) Subhash Chandra Khuntia

Explanation:

Subhash Chandra Khuntia, a 1981-batch Indian Administrative Services (IAS) officer who was a former Karnataka Chief Secretary, has been appointed as Chairman of Insurance Regulatory and Development Authority of India (IRDAI).

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Filed Under: General Awareness
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Q:

When should you stop at green and go at red?

Answer

While eating a watermelon, we all go along the red and stops at green.

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Subject: Logic Puzzles Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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Q:

Who is the new president of News Broadcasters Association (NBA) for 2017-18 ?

A) Barun Das	B) K. V. L Narayan Rao
C) Ashok Venkatramani	D) Rajat Sharma

Answer & Explanation Answer: D) Rajat Sharma

Explanation:

India TV chairman and editor-in- chief Rajat Sharma will be the new president of the News Broadcasters Association (NBA) for 2017-18.

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Q:

The difference between two numbers is 25. The smaller number is 1/6th of the larger number. What is the value of the smaller number?

A) 10	B) 5
C) 50	D) 25

Answer & Explanation Answer: B) 5

Explanation:

Let the larger number be p

Then, smaller number = 1/6 x p = p/6

Given difference between two numbers = 25

p - p/6 = 25

5p/6 = 25

5p = 150

p = 30

Then, p/6 = 30/6 = 5

Hence, larger number = 30 and smaller number = 5 which makes the difference = 25.

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Filed Under: Problems on Numbers
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Q:

C and D started a business by investing Rs 4000 and Rs 5000 respectively. After 3 months, C withdraws Rs 1000 while D invest Rs 1000 more after 6 months of the starting of business. At the end of the year C’s share is Rs 3900. What will be the total profit (in Rs) at the end of year?

A) 7800	B) 10500
C) 8400	D) 12200

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