CAT Practice Question and Answer

Q: What is 'Three-Way Match' refers in Acconting ? 1452 0

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Answer :
Explanation :

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices. Here Three-way refers to the three documents involved : * Vendor's invoice which was received and will become part of an organization's accounts        payable if approved. * Purchase order that was prepared by the organization. * Receiving report that was prepared by the organization. And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received. After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

Q: When an already listed organisation makes fresh issue of securities to the public, it is known as ________. 1451 0

  • 1
    IPO
    Correct
    Wrong
  • 2
    Preferential Issue
    Correct
    Wrong
  • 3
    Rights Issue
    Correct
    Wrong
  • 4
    FPO
    Correct
    Wrong
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Answer : 4. "FPO"
Explanation :

Answer: D) FPO Explanation: FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the promoters. FPO is used by companies to diversify their equity base. A follow-on public offer (FPO) is also called Further Public Offer.

Q: When was Barb Wire patented 1447 0

  • 1
    1898
    Correct
    Wrong
  • 2
    1868
    Correct
    Wrong
  • 3
    1874
    Correct
    Wrong
  • 4
    1866
    Correct
    Wrong
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Answer : 3. "1874"
Explanation :

Answer: C) 1874 Explanation: Joseph F. Glidden - Father of Barbed Wire. Glidden was born in New York in 1812. He invented Barbed Wire in 1873 and was granted the patent on Nov. 24, 1874. After a three year battle over the patent, which he eventually won received a patent for the modern invention in 1874 after he made his own modifications to previous versions.

Q: Israel’s Rafael Defense Systems ltd has formed a joint venture with ________ to produce anti-tank guided missiles for the Indian armed forces. 1445 0

  • 1
    Goa Shipyard
    Correct
    Wrong
  • 2
    Hindustan Aeronautics Limited
    Correct
    Wrong
  • 3
    Kalyani Group
    Correct
    Wrong
  • 4
    Hindustan Aeronautics Limited
    Correct
    Wrong
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Answer : 3. "Kalyani Group"
Explanation :

Answer: C) Kalyani Group Explanation:

Q: Which state government has launched 'People First' mobile application for grievance redressal ? 1444 0

  • 1
    Uttar Pradesh
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Gujarat
    Correct
    Wrong
  • 4
    Andhra Pradesh
    Correct
    Wrong
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Answer : 4. "Andhra Pradesh"
Explanation :

Answer: D) Andhra Pradesh Explanation:

Q: Who has been appointed as new Chairman of Indian Railway Board in August 2017 ? 1444 0

  • 1
    Ashwani Lohani
    Correct
    Wrong
  • 2
    S. K. Bhagat
    Correct
    Wrong
  • 3
    Akhil Agarwal
    Correct
    Wrong
  • 4
    A. K. Mittal
    Correct
    Wrong
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Answer : 1. "Ashwani Lohani"
Explanation :

Answer: A) Ashwani Lohani Explanation: Ashwani Lohani is IRSME officer, appointed as new Chairman of the Indian Railway Board soon after A.K. Mittal stepped down from the post. He is former Chairman & Managing Director of Air India.

Q: Which results in an increase in power? 1441 0

  • 1
    doing more work in less time.
    Correct
    Wrong
  • 2
    doing less work in more time.
    Correct
    Wrong
  • 3
    doing less work in less time.
    Correct
    Wrong
  • 4
    doing more work in more time.
    Correct
    Wrong
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Answer : 1. "doing more work in less time."
Explanation :

Answer: A) doing more work in less time. Explanation: Doing more work in less time, results in an increase in power to do a work.

Q: Crack the code? 1437 0

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Answer :
Explanation :

STARTLING is a required 9 letter English word is still a word each time you remove a letter from the word. And how it is shown below:    1. Remove the L, and the word becomes: STARTING 2. Remove one T, and the word becomes: STARING 3. Remove the A, and the word becomes: STRING 4. Remove the R, and the word becomes: STING 5. Remove the other T, and the word becomes: SING 6. Remove the G, and the word becomes: SIN 7. Remove the S, and the word becomes: IN 8. Remove the N, and the word becomes: I

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