CAT Questions

Q:

The accounting process involves all of the following except

A) identifying economic transactions that are relevant to the business B) analyzing and interpreting financial reports
C) communicating financial information to users by preparing financial reports D) recording nonquantifiable economic events
 
Answer & Explanation Answer: B) analyzing and interpreting financial reports

Explanation:

The three steps in the accounting process are

 

1. Identification,

2. Recording, and

3. Communication. 

 

Hence, analyzing and interpreting financial reports is not involved in the accounting process.

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Filed Under: Accounts Receivable
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0 2510
Q:

Arun took a loan of Rs. 29000 with simple interest for as many years as the rate of interest. If he paid Rs. 10440 as interest at the end of the loan period, what was the rate of interest?

A) 5.5% B) 6%
C) 6.5% D) 7%
 
Answer & Explanation Answer: B) 6%

Explanation:

Principle amount = Rs. 29000

Interest = Rs. 10440

Let rate of interest = r%

=> So, time = r years

According to the question,

10440 = 29000 x r x r/100

290 x r x r = 10440

r x r = 1044/29 = 36

r = 6

 

Hence, the rate of interest = 6% and time = 6 yrs.

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Filed Under: Simple Interest
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15 2510
Q:

Which of the following is not a RM principle?

A) Apply the RM process to situations where serious injury might occur B) Accept no unnecessary risk
C) Integrate RM into all phases of missions and activities D) Make risk decisions at the appropriate level
 
Answer & Explanation Answer: A) Apply the RM process to situations where serious injury might occur

Explanation:

Apply the RM process to situations where serious injury might occur is not a RM (Risk Management) principle.

 

Risk Management :: A decision-making process for managing day-to-day schedules when there are conflicts.

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Filed Under: Conflict management
Exam Prep: Bank Exams , CAT
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Q:

Which continent has the most countries?

A) Asia B) Africa
C) Antarctica D) Europe
 
Answer & Explanation Answer: B) Africa

Explanation:

We know that, there are 7 continents in the world. They are :

Asia, Africa, Australia, North America, South America, Europe and Antarctica.

 

Africa - 53 countries

Asia - 48 countries

Europe - 45 countries

Antarctica - 0 countries

 

Hence, the continent Africa has most number of countries with 53 countries and in second place Asia has 48 , third Europe has 45 countries.

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Filed Under: General Awareness
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7 2510
Q:

To paraphrase a poem means to

A) rewrite it in one's own words B) determine the rhyme scheme
C) summarize its theme D) analyze the meter
 
Answer & Explanation Answer: A) rewrite it in one's own words

Explanation:
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Filed Under: English
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4 2509
Q:

Which is the only bird that can rotate its head to 270 degrees?

A) Kiwis B) Owl
C) Peacock D) Pigeon
 
Answer & Explanation Answer: B) Owl

Explanation:

The only bird that can rotate its head to 270 degrees is OWL.

the_only_bird_that_can_rotate_its_head_to_270_degrees1552025348.jpg image

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Filed Under: Animals and Birds
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Q:

What do lines of latitude measure?

A) east-west position between the poles B) north-south position between the poles
C) north-east position between the poles D) south-west position between the poles
 
Answer & Explanation Answer: B) north-south position between the poles

Explanation:

Lines of latitude measure north-south position between the poles.

 

Lines of latitude are imaginary reference lines that describe how far north or south a location on the Earth is from the Equator. The equator is defined as 0 degrees, the North Pole is 90 degrees north, and the South Pole is 90 degrees south. Lines of latitude are all parallel to each other, thus they are often referred to as parallels.

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Filed Under: World Geography
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2 2507
Q:

Countries with autocracy-based governments have

A) regular elections to select representative officials B) a single ruler who may be a monarch or dictator
C) a small group of leaders with similar political views D) shared decisions between citizens and leaders
 
Answer & Explanation Answer: B) a single ruler who may be a monarch or dictator

Explanation:

Countries with autocracy-based governments i.e, Monarchy have a single ruler or a monarch until his death.

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Filed Under: Indian Politics
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