CAT Practice Question and Answer

Q: What is the full form of SOX and what does it means in Accounting ? 1310 0

  • Show AnswerHide Answer
  • Workspace

Answer :
Explanation :

Sarbanes Oxley Act. Otherwise known as Public companies Accounting reforms and investor protection Act. It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures.

Q: Why do you want to work in the service line to which you have applied ? 1309 0

  • Show AnswerHide Answer
  • Workspace

Answer :
Explanation :

The interviewer is looking for similar things whether asking about company or position. The interviewer wants to : - Learn about your career goals and how this position fits into your plan. - Make sure that you are sincerely interested in the job and will be motivated to perform if hired. - Find out what you know about the company, industry, position. - Understand your priorities and preferences.

Q: What do you understand by Intercompany Settlement ? 1309 0

  • Show AnswerHide Answer
  • Workspace

Answer :
Explanation :

A company may also have various company codes across the different locations. There will be exchange of services between these company codes. These goods and services which are shared or exchanged between these company codes are bring to terms during the month end process. The exchange difference has to be settled by a company code in the way of money transfer. This process is known as Intercompany Settlement.

Q: Which ideas or initiatives you've led and what was the outcome? 1309 0

  • Show AnswerHide Answer
  • Workspace

Answer :
Explanation :

In your answer, you need to show not only that you are capable of coming up with good ideas, but also that you can persuade other people to give you a chance to put them into action. Describe your most unique idea and initiative that gave the best results for the company. Make sure you highlight your creativity, your results, your diligence and your ability to execute.

Q: A man purchases two articles, on selling one at loss of 20% while the other at a profit of 25%, he gains the overall profit of 5% than find the ratio of their selling price ? 1308 0

  • 1
    8 : 62.5
    Correct
    Wrong
  • 2
    55 : 8
    Correct
    Wrong
  • 3
    8 : 65
    Correct
    Wrong
  • 4
    64.4 : 9
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "8 : 62.5"
Explanation :

Answer: A) 8 : 62.5 Explanation:                       Article I                   Article II                         -20                         25%                                        5%                         20%                       25%                                                4              :              5 Now, Selling of first article = (4-20%) = 0.8 Selling of second article = (5+25%) =  6.25 Therefore the ratio of selling price = 8 : 62.5

Q: What is the name of a 12-year-old Indian-origin boy who has been crowned as the UK's 'child genius' in a popular television quiz competition ? 1308 0

  • 1
    Rahul Doshi
    Correct
    Wrong
  • 2
    Anshul Verma
    Correct
    Wrong
  • 3
    Ravi Sharma
    Correct
    Wrong
  • 4
    Ronan Kumar
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rahul Doshi"
Explanation :

Answer: A) Rahul Doshi Explanation:

Q: "World Fisheries Day" is observed on _____ ? 1307 0

  • 1
    21st Nov
    Correct
    Wrong
  • 2
    11th Dec
    Correct
    Wrong
  • 3
    10th Oct
    Correct
    Wrong
  • 4
    29th Sep
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "21st Nov"
Explanation :

Answer: A) 21st Nov Explanation:

Q: With which Bank Amazon has signed an agreement to provide Micro-loans to sellers  ? 1307 0

  • 1
    Union Bank
    Correct
    Wrong
  • 2
    SBI Bank
    Correct
    Wrong
  • 3
    Bank of Baroda
    Correct
    Wrong
  • 4
    United Bank
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Bank of Baroda"
Explanation :

Answer: C) Bank of Baroda 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