CAT Practice Question and Answer

Q: Demand side market failures occur when 2092 0

  • 1
    supply curves do not reflect the full cost of producing a good or services
    Correct
    Wrong
  • 2
    demand curves do not reflect consumer’s full willingness to pay for goods or services
    Correct
    Wrong
  • 3
    government imposes tax on a good or a service
    Correct
    Wrong
  • 4
    a good or service is not produced because no one demands it
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    Slow Processor Speed
    Correct
    Wrong
  • 2
    RAM Space
    Correct
    Wrong
  • 3
    Incorrect CMOS Settings
    Correct
    Wrong
  • 4
    None
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Incorrect CMOS Settings"
Explanation :

Answer: C) Incorrect CMOS Settings Explanation:

Q: Which file format can be added to a powerpoint show? 2091 0

  • 1
    .Gif
    Correct
    Wrong
  • 2
    .Wav
    Correct
    Wrong
  • 3
    .Jpg
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    Providing experts advice to investors and savers
    Correct
    Wrong
  • 2
    Match one person's savings with another person's investment
    Correct
    Wrong
  • 3
    Keeping interest rates low
    Correct
    Wrong
  • 4
    Match one person's consumpion expenditure with another person's capital expenditure
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    87%
    Correct
    Wrong
  • 2
    98%
    Correct
    Wrong
  • 3
    138%
    Correct
    Wrong
  • 4
    126%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    greater than the sum of the individual demand curves
    Correct
    Wrong
  • 2
    the horizontal sum of individual demand curves
    Correct
    Wrong
  • 3
    steeper than any individual demand curve that is part of it
    Correct
    Wrong
  • 4
    the vertical sum of individual demand curves
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    26
    Correct
    Wrong
  • 2
    23
    Correct
    Wrong
  • 3
    27
    Correct
    Wrong
  • 4
    21
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 1

  • 1
    Tapi and Beas
    Correct
    Wrong
  • 2
    Brahmaputra and Ganga
    Correct
    Wrong
  • 3
    Indus and Ganga
    Correct
    Wrong
  • 4
    Brahmaputra and Indus
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Brahmaputra and Indus"
Explanation :

Answer: D) Brahmaputra and Indus Explanation:

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully