CAT Practice Question and Answer
8Q: Demand side market failures occur when 2092 05b5cc6a6e4d2b4197774cdb6
5b5cc6a6e4d2b4197774cdb6- 1supply curves do not reflect the full cost of producing a good or servicesfalse
- 2demand curves do not reflect consumer’s full willingness to pay for goods or servicestrue
- 3government imposes tax on a good or a servicefalse
- 4a good or service is not produced because no one demands itfalse
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Answer : 2. "demand curves do not reflect consumer’s full willingness to pay for goods or services"
Explanation :
Answer: B) demand curves do not reflect consumer’s full willingness to pay for goods or services Explanation: 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.
Q: What could cause a Fixed Disk Error? 2092 05b5cc6b6e4d2b4197774d589
5b5cc6b6e4d2b4197774d589- 1Slow Processor Speedfalse
- 2RAM Spacefalse
- 3Incorrect CMOS Settingstrue
- 4Nonefalse
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Answer : 3. "Incorrect CMOS Settings"
Explanation :
Answer: C) Incorrect CMOS Settings Explanation:
Q: Which file format can be added to a powerpoint show? 2091 05b5cc626e4d2b4197774b855
5b5cc626e4d2b4197774b855- 1.Giffalse
- 2.Wavfalse
- 3.Jpgfalse
- 4All of the abovetrue
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Answer : 4. "All of the above"
Explanation :
Answer: D) All of the above Explanation:
Q: The primary Economic function of the Financial system is to 2091 05b5cc6a3e4d2b4197774cc39
5b5cc6a3e4d2b4197774cc39- 1Providing experts advice to investors and saversfalse
- 2Match one person's savings with another person's investmenttrue
- 3Keeping interest rates lowfalse
- 4Match one person's consumpion expenditure with another person's capital expenditurefalse
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Answer : 2. "Match one person's savings with another person's investment"
Explanation :
Answer: B) Match one person's savings with another person's investment Explanation: The primary Economic function of the Financial system is to match one person's savings with another person's investment. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.
Q: Last year vivek saved 10% of his annual earnings, this year he earned 5% more than last year and he saved 12% of his annual earnings. The amount saved this year was what percentage of the amount saved last year ? 2090 05b5cc723e4d2b4197774f6c3
5b5cc723e4d2b4197774f6c3- 187%false
- 298%false
- 3138%false
- 4126%true
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Answer : 4. "126%"
Explanation :
Answer: D) 126% Explanation: Suppose total earnings = Rs. 1000010% saving = 10000 x (10/100) = Rs. 1000This year 5% more income than prev year = Rs. 1050012% saving = 10500 x (12/100) = Rs. 1260Percentage of amount saved = (1260/1000) x 100 = 126%
Q: Graphically, the market demand curve is 2088 05b5cc61ee4d2b4197774b7a2
5b5cc61ee4d2b4197774b7a2- 1greater than the sum of the individual demand curvesfalse
- 2the horizontal sum of individual demand curvestrue
- 3steeper than any individual demand curve that is part of itfalse
- 4the vertical sum of individual demand curvesfalse
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Answer : 2. "the horizontal sum of individual demand curves"
Explanation :
Answer: B) the horizontal sum of individual demand curves Explanation:
Q: Total 100 members are writing exam. In that 48 members are writing first exam, 45 members are writing second exam and 38 members are writing third exam. 5 members are writing all the three exams. How many members are writing 2 exams ? 2087 05b5cc6fbe4d2b4197774f0a4
5b5cc6fbe4d2b4197774f0a4- 126false
- 223false
- 327false
- 421true
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Answer : 4. "21"
Explanation :
Answer: D) 21 Explanation: Total number of exams written by 100 students = 48 + 45 + 38 = 131Now let us say x members are writing only 1 exam, y members are writing only 2 exams, z members are writing only 3 exams.Therefore, x + 2y + 3z = 131 also x + y + z = 100.Given that z = 5. So x + 2y = 116 and x + y = 95.Solving we get y = 21.So 21 members are writing exactly 2 exams.
Q: Which of the following rivers have almost the same point of emerging ? 2086 15b5cc6d9e4d2b4197774e834
5b5cc6d9e4d2b4197774e834- 1Tapi and Beasfalse
- 2Brahmaputra and Gangafalse
- 3Indus and Gangafalse
- 4Brahmaputra and Industrue
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Answer : 4. "Brahmaputra and Indus"
Explanation :
Answer: D) Brahmaputra and Indus Explanation:

