CAT Questions

Q:

What do you understand by Intercompany Settlement ?

Answer

A company may also have various company codes across the different locations. There will be exchange of services between these company codes. These goods and services which are shared or exchanged between these company codes are bring to terms during the month end process. The exchange difference has to be settled by a company code in the way of money transfer.


This process is known as Intercompany Settlement. 

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

1 2613
Q:

A car moves at a speed of 72 km/hr after repairing and moves at the speed of 54 km/hr before repairing. It covers X distance in 6 hours after repairing. How much time (inhours) will it take to cover 3X distance before repairing?

A) 20 B) 24
C) 18 D) 21
 
Answer & Explanation Answer: B) 24

Explanation:
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Filed Under: Time and Distance
Exam Prep: Bank Exams , CAT

0 2613
Q:

Which city has been named as the world's most liveable city for the seventh year in a row by The Economist in its Global Liveability Report ?

A) Hyderabad B) Vienna
C) Melbourne D) New Delhi
 
Answer & Explanation Answer: C) Melbourne

Explanation:
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Filed Under: Famous Places
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

8 2612
Q:

In economics, if a good is inelastic,

A) its supply or demand is not sensitive to price changes. B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it. D) its supply or demand is too sensitive to price changes.
 
Answer & Explanation Answer: A) its supply or demand is not sensitive to price changes.

Explanation:

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

 

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

 

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

2 2611
Q:

What does Earned Income Tax Credit (EITC) means ?

Answer

The United States Federal Earned Income Tax Credit (EITC) is a refundable tax credit, that helps low and medium - income individuals and couples, primarily for those who have qualifying children. 

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

5 2611
Q:

What does ADP stand for army?

Answer

ADP stand for Army Doctrine Publication.  An official written document that provides established principles in the U.S. Army that support national objectives.

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Subject: General Awareness Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 2609
Q:

A master plan is devised for

A) Long-range goals B) Emergencies
C) Short-term goals D) Investments
 
Answer & Explanation Answer: A) Long-range goals

Explanation:

A master plan is devised for long-range goals.

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk , Analyst

3 2608
Q:

If in an A.P series 18th term is 29 and 29th term is 18. Then find the 49th term ?

A) -3 B) -2
C) 0 D) 1
 
Answer & Explanation Answer: B) -2

Explanation:

We know that in A.P series
18th term = a + 17d
29th term = a + 28d
But given
a + 17d = 29..........(i)
a + 28d = 18......... (ii)
Solving equation (i) and (ii), we get
d = -1
put d = -1 in any of the above equations and we get,
a = 46
Now, we know 49th term can be written as, a + 48d
putting the value of a and d in the above equation,
a + 48d = 46 + 48(-1)
= 46 - 48
= -2

Hence, the 49th term is -2.

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

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