Common Admission Test (CAT) Questions and Answers with Explanation

Q:

The demand curve facing a perfectly competitive firm is

Answer

Demand curve is the relationship between price and quantity of product. In perfect competition, the demand curve for the product by a firm is perfectly elastic at maket price.

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

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Q:

Which of the following bank will allow its customers to make card-less cash withdrawals at over 100000 ATMs across India?

A) Bank of Baroda	B) ICICI Bank
C) AU Small Finance Bank	D) State Bank of India

Answer & Explanation Answer:

Explanation:

Airtel Payment Bank, India's first payments bank, has announced that its customers can now make cardless cash withdrawals at over 100,000 ATMs.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Capitalism falls under _ economic system?

A) Market	B) Planned
C) Command	D) Mixed

Answer & Explanation Answer: A) Market

Explanation:

Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.

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

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Q:

Geneva-based International Campaign to Abolish Nuclear Weapons (ICAN) received the 2017.....

A) Nobel Peace Prize	B) Albert Einstein Peace Prize
C) Gandhi Peace Award	D) Bruno Kreisky Award

Answer & Explanation Answer: A) Nobel Peace Prize

Explanation:

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Filed Under: Honours and Awards
Exam Prep: CAT , Bank Exams , AIEEE

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Q:

Find co-ordinates of the mid point of the segment joining points C (3,-5) and D (-7,3).

A) (-2, -1)	B) (5, -4)
C) (-5, 4)	D) (2, 1)

Answer & Explanation Answer: A) (-2, -1)

Explanation:

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Filed Under: Simplification
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

When a number of resistors are connected in series in a circuit, the value of current:

A) increases	B) becomes half
C) decreases	D) remains the same

Answer & Explanation Answer: D) remains the same

Explanation:

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Filed Under: Physics
Exam Prep: CAT , Bank Exams , AIEEE

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Q:

Who is the Chairman of the Economic Advisory Council to the Prime Minister (PMEAC) as of February 2018?

A) Bibek Debroy	B) Amit Mitra
C) Amartya Sen	D) Najma Heptulla

Answer & Explanation Answer: A) Bibek Debroy

Explanation:

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Which movie won the award for the best movie at the Oscar Awards 2017?

A) La La Land	B) Arrival
C) Moonlight	D) Manchester by the Sea

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