CAT Questions

Q:

The supply curve for a monopolist is

A) Verticle B) Horizontal
C) Downward sloping D) Doesn't exist
 
Answer & Explanation Answer: D) Doesn't exist

Explanation:

A monopoly firm has no well-defined supply curve. In other words, there is no unique supply curve for the monopolist derived from his MC curve.

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Filed Under: Business Awareness
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Q:

If you had the chance to start your career over again, what would you do differently ?

Answer

This depends on several factors. Different Individuals have different answers for it.
You can answer as - " I will most likely be involved in a different but still related career path; something to do with the creative side. If I were to start over I would attempt to get myself to specialize in one area as a young man. It’s very interesting to follow one’s interests all at the same time, but you don’t get anywhere very quickly this way. By pursuing lots of interests all at the same time, it takes a long, long time to acquire professional level skills."

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Q:

Teacher is related to Class in the same way Driver is related to

A) Brake B) Wheel
C) Parts D) Vehicle
 
Answer & Explanation Answer: D) Vehicle

Explanation:
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Filed Under: Analogy
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Q:

Which day is celebrated as United nations Day every year?

A) 24 October B) 26 October
C) 24 November D) 26 November
 
Answer & Explanation Answer: A) 24 October

Explanation:

Every year on 24th October, United Nations Day is celebrated to commemorate the day of United Nations formation. 

The United Nations is an intergovernmental organization that was tasked to maintain international peace and security, develop friendly relations among nations, achieve international co-operation and be a centre for harmonizing the actions of nations. I was started on 24 October 1945.

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Filed Under: Important Days and Years
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Q:

Compared with earlier presidents modern presidents are more involved in

A) Social issues B) Economic issues
C) Foreign policy D) Labor policy
 
Answer & Explanation Answer: B) Economic issues

Explanation:

Compared with earlier presidents modern presidents are more involved in Economic issues.

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Filed Under: Indian Politics
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Q:

Accounts Receivable financing is based on

Answer

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.


when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.


 


How it works ::


Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.


The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.


The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.


When the payment arrives, the seller decreases the accounts receivable and increases cash.


Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

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Subject: Accounts Receivable Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Chipko Movement is associated with

A) Forests B) Agriculture
C) Industries D) Education
 
Answer & Explanation Answer: A) Forests

Explanation:

Chipko Movement is associated with the planting & protection of trees in the forests against the deforestation. It was started on January 9, 1927 in Uttarakhand.

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Filed Under: Indian History
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Q:

P and Q are brothers. P is the father of S. R is the only son of Q and is married to U. How is U related to S?

A) Sister-in-law B) Mother-in-law
C) Sister D) Mother
 
Answer & Explanation Answer: A) Sister-in-law

Explanation:
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Filed Under: Blood Relations
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