CAT Questions

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The term PIL refers to Public Interest Litigation.

Public Interest Litigation was originated in United States in 1980's. 

Public Interest Litigation is directly filed by an individual or group of people in the Supreme Court of India and High Courts and judicial member.  This petition is accepted by the court only if there is interest of large public involved. Generally this petition is filed by a public spirited person or organisation, if it was felt that certain interests are undermined by the government.

2

Finance person in his department = 26
IT persons in his department = 18
Finance person in his section = 16
IT persons in his section = 8
Total in his section = 16+8 = 24
Total people in his depatment = 26+18 = 44
only 15 people in his dept are not in his sec
and 44-24 = 20
so 20-15 = 5 people belong to both finance and IT

Answer 1)  is 'C'.  

IT persons in his department = 18(total IT) - 8(section) - 5(both) = 5

Answer 2) is 'B'  

Finance persons not in his section = 26 - 16 = 10

An increase in demand means that the demand curve shifts to the right, and hence quantity demanded will be high at each price.

The persons whose primary investing objective is to preserve capital while generating a tax-free income stream, then municipal bonds are worth considering.

Municipal bonds (munis) are debt obligations issued by government entities. When you buy a municipal bond, you are loaning money to the issuer in exchange for a set number of interest payments over a predetermined period. At the end of that period, the bond reaches its maturity date, and the full amount of your original investment is returned to you.

Types of Municipal Bonds :

Municipal bonds come in the following two varieties:

1. General obligation bonds (GO)
2. Revenue bonds

General obligation bonds, issued to raise immediate capital to cover expenses, are supported by the taxing power of the issuer.

Revenue bonds, which are issued to fund infrastructure projects, are supported by the income generated by those projects.

Both types of bonds are tax exempt and particularly attractive to risk-averse investors due to the high likelihood that the issuers will repay their debts.