CAT Questions

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Ans. E.
Option A: ‘legally state-issued currencies’ is incorrect. The word describes the state-issued currencies; hence it should be an adjective and not an adverb. Option B: ‘state-issues’ is incorrect and should be replaced by ‘state-issued’. Option C: ‘carry-in’ is grammatically incorrect. Option D: ‘to carrying out’ is grammatically incorrect.

Market failure arises because it is not possible for the market to correctly weight cost and benefits in a situation in which some of the cost is completely unaccounted.

Demand-side market failures happen when demand curves do not reflect consumer’s full willingness to pay for goods or services.

Supply-side market failures occur when supply curves do not reflect the full cost of producing a good or services.

Sir William Herschel discovered Infra-red radiation in 1800.

A substance that dissociates into ions in solution and acquires the capacity to conduct electricity. Sodium, potassium, chloride, calcium, and phosphate are examples of electrolytes, informally known as lytes.

Rashid Khan a bowler from Afghanistan, has become the first-ever bowler in T20I history to pick 4 wickets in 4 balls.

Haryana state government has recently decided to rename Child Care Institutes as Jagannath Ashrams.