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CAT Questions

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Q:

Employment in agriculture comes under

A) organised sector B) service sector
C) unorganised sector D) semi organised sector
 
Answer & Explanation Answer: B) service sector

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

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Q:

Bad debt expense is reported on the income statement as

Answer

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.


 


You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

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

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Q:

An increase in price of which of these products will have a ripple effect in increasing the prices of many products, thereby resulting in inflation?

A) Petroleum B) Medicines
C) Smartphones D) Automobiles
 
Answer & Explanation Answer: A) Petroleum

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.


I asked the shopkeeper (A)/"Do you have change(B)/for a five hundred rupees note?"(C)/No error(D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

Explanation:
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Filed Under: English
Exam Prep: GRE , CAT , Bank Exams , AIEEE

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Q:

Find the odd one out.

A) B B) A
C) D D) C
 
Answer & Explanation Answer: C) D

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Filed Under: Odd Man Out
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Read the statement below followed by two arguments.
Statement:
Should there be strict laws for maintaining ponds and lakes?
Arguments:
I. Yes, it will naturally maintain the water level for generations to come. It affects the migration of birds too.
II. No, it comes in the way of modern urban development and growth. Which argument(s) of the below is/are strong in the context of the statement?

A) Only argument I is strong B) Neither argument I nor II is strong
C) Only argument II is strong D) Both arguments I and II are strong
 
Answer & Explanation Answer: A) Only argument I is strong

Explanation:
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Filed Under: Statement and Arguments
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

The term market in economics refers to

Answer

The term market in economics refers to the place or arrangement where the buyers and sellers come to contact directly or indirectly for buying and selling goods. Market refers to not a specific or particular place it is the place for commodities..


The_term_market_in_economics_refers_to1559201392.jpg image

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

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Q:

Four statements are given below at A, B, C and D. There may be some errors in the given statement(s). The incorrect statement is your answer.

A) A. People as many as those in a small nation can be seen, at stations, commuting from faraway places every day. B) B. People from faraway places are poured out by the stations of numerical small nations.
C) C. The stations pour out people commuting from faraway places every day, of the numerical magnitude of small nations. D) D. People of a numerical magnitude of small nations commuting from faraway places are poured out by the stations every day.
 
Answer & Explanation Answer: B) B. People from faraway places are poured out by the stations of numerical small nations.

Explanation:

Ans. B.
Option B- ‘stations of numerical small nations’ is incorrect.
The other statements make complete sense, hence are correct.

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Filed Under: English
Exam Prep: CAT , GRE , TOEFL

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