CAT Practice Question and Answer

Q: What is cash budget ? 1495 0

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Answer :
Explanation :

Cash budget is the budget which is prepared under the finance budget. It is an estimation of the expected cash receipts and cash payments during the budget period. By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash. Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget.

Q: Who of the following appointed as head of Punjab National Bank  ? 1316 0

  • 1
    Dinabandu Mohapatra
    Correct
    Wrong
  • 2
    Usha Ananthasubramanian
    Correct
    Wrong
  • 3
    R A Narayan
    Correct
    Wrong
  • 4
    Sunil Mehta
    Correct
    Wrong
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Answer : 4. "Sunil Mehta"
Explanation :

Answer: D) Sunil Mehta Explanation: Dinabandu Mohapatra for - Bank of India Usha Ananthasubramanian  for - Allahabad Bank R A Sankara Narayan for - Vijaya Bank

Q: At present, the ratio between the ages of Arun and Harish is 4:3. After 6 years, Arun's age will be 26 years. What is the age of Harish at present ? 1488 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    16 years
    Correct
    Wrong
  • 3
    18 years
    Correct
    Wrong
  • 4
    21 years
    Correct
    Wrong
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Answer : 1. "15 years"
Explanation :

Answer: A) 15 years Explanation: Let the present ages of Arun and Harish be 4x and 3x years respectively. Then, 4x + 6 = 26 => x = 5 Harish's age = 3x = 15 years.

Q: The simple interest on a sum of money will be Rs.600 after 10 years. If the principal is trebled after 5 years what will be the total interest at the end of the tenth year ? 1903 0

  • 1
    Rs. 1100
    Correct
    Wrong
  • 2
    Rs. 1200
    Correct
    Wrong
  • 3
    Rs. 1000
    Correct
    Wrong
  • 4
    Rs. 1840
    Correct
    Wrong
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Answer : 2. "Rs. 1200"
Explanation :

Answer: B) Rs. 1200 Explanation: P --- 10 ----- 600    P --- 5 ----- 300 3P --- 5 ----- 900                __________                   1200

Q: A man saves 20% of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by 15%, he is only able to save Rs. 400 per month. What is his monthly salary ? 2353 0

  • 1
    Rs. 6000
    Correct
    Wrong
  • 2
    Rs. 4500
    Correct
    Wrong
  • 3
    Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 6500
    Correct
    Wrong
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Answer : 3. "Rs. 5000"
Explanation :

Answer: C) Rs. 5000 Explanation: Income = Rs. 100 Expenditure = Rs. 80 Savings = Rs. 20 Present Expenditure 80x(15/100) = Rs. 12 = 80 + 12 = Rs. 92 Present Savings = 100 – 92 = Rs. 8 100 ------ 8? --------- 400 => 5000 His salary = Rs. 5000

Q: K and L start a business jointly. L invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit B claims 2/7th share. How much money is contributed by B  ? 1742 0

  • 1
    Rs. 9040
    Correct
    Wrong
  • 2
    Rs. 10,400
    Correct
    Wrong
  • 3
    Rs. 12,800
    Correct
    Wrong
  • 4
    Rs. 6350
    Correct
    Wrong
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Answer : 3. "Rs. 12,800"
Explanation :

Answer: C) Rs. 12,800 Explanation: 16x8 : Px4 = 5:2 P = 12.8 => Rs.12,800

Q: The average monthly salary of 24 employees in an organisation is Rs. 1500. If the manager's salary is added, then the average salary increases by Rs. 400. What is the manager's monthly salary ? 2093 0

  • 1
    Rs. 8840
    Correct
    Wrong
  • 2
    Rs. 11,500
    Correct
    Wrong
  • 3
    Rs. 12,800
    Correct
    Wrong
  • 4
    Rs. 9450
    Correct
    Wrong
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Answer : 2. "Rs. 11,500"
Explanation :

Answer: B) Rs. 11,500 Explanation: Manager's monthly salary = Rs. (1900 x 25 - 1500 x 24) = Rs. 11,500

Q: A letter lock consists of three rings each marked with six different letters. The number of distinct unsuccessful attempts to open the lock is at the most  ? 1926 0

  • 1
    215
    Correct
    Wrong
  • 2
    268
    Correct
    Wrong
  • 3
    254
    Correct
    Wrong
  • 4
    216
    Correct
    Wrong
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Answer : 1. "215"
Explanation :

Answer: A) 215 Explanation: Since each ring consists of six different letters, the total number of attempts possible with the three rings is = 6 x 6 x 6 = 216. Of these attempts, one of them is a successful attempt.   Maximum number of unsuccessful attempts = 216 - 1 = 215.

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