CAT Questions

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The new MD & CEO of Corporation Bank was Jai Kumar Garg. Before this, he was Executive Director at UCO Bank.

The Cold War started with building tensions between the US and the USSR during World War II. As Stalin began to annex more countries and spread communism throughout Eastern Europe, the US began to feel threatened and feared that they would start a war amongst the capitalist nations. The US started an attempt to limit the spread of communism and protect capitalism, which led to a series of passive aggressive and indirectly hostile exchanges between the two nations.

The beginning of the end of the cold war, the Berlin Wall came down. The USSR began to collapse the following year, in 1990.

A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.

The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.

Mercury is the only metal that is in liqid form at room temperature. Caesium, Gallim and Rubidium are also metals that are in liquid form but at slightly high temperature than the room temperature.

China shares land borders with 14 different countries, the longest being with Mongolia followed by Russia and then India.

Debts owed by a business are referred to as Liabilities. Liabilities include all loans, outstanding expenses, mortgages, creditors, etc...