Mini Mock || CAT 2022 || 12 December for CAT & MBA Exams

Question 1

Direction: In the given question, a part of the sentence is printed in bold. Below the sentence alternatives to the bold part are given at (A), (B), (C), (D) and (E) which may help improve the sentence. Choose the correct alternative.

While the hardware components in the Internet infrastructure can often be used to support other software systems, it is the design and the standardization process of the software that characterizes the Internet and provides the foundation for their scalability and success.

Question 2

Direction: In the given question, a part of the sentence is printed in bold. Below the sentence alternatives to the bold part are given at (A), (B), (C) (D) and (E) which may help improve the sentence. Choose the correct alternative.

Farmers were unlikely to benefit from the move given that they lack the expertise in complex financial instruments and importantly, do not have access to market intelligence to take timely decisions.

Question 3

Direction: In the given question, a part of the sentence is printed in bold. Below the sentence, alternatives to the bold part are given at (A), (B), (C) and (D) which may help improve the sentence. Choose the correct alternative. In case the given sentence is correct, your answer is (E), i.e., 'No correction required'.

The continuous deterioration in asset quality, especially at the public sector banks (PSBs), have led to low profitability and substantial value erosion to the principal shareholder — the government.

Question 4

Answer the following questions based on below given information.

The local office of the APP-CAB company evaluates the performance of five cab drivers, Arun, Barun, Chandan, Damodaran, and Eman for their monthly payment based on ratings in five different parameters (P1 to P5) as given below:

P1: timely arrival

P2: behavior

P3: comfortable ride

P4: driver's familiarity with the route

P5: value for money

Based on feedback from the customers, the office assigns a rating from 1 to 5 in each of these parameters. Each rating is an integer from a low value of 1 to a high value of 5. The final rating of a driver is the average of his ratings in these five parameters. The monthly payment of the drivers has two parts – a fixed payment and final rating-based bonus. If a driver gets a rating of 1 in any of the parameters, he is not eligible to get bonus. To be eligible for bonus a driver also needs to get a rating of five in at least one of the parameters.

The partial information related to the ratings of the drivers in different parameters and the monthly payment structure (in rupees) is given in the table below:

The following additional facts are also known:

1) Arun and Barun have got a rating of 5 in exactly one of the parameters. Chandan has got a rating of 5 in exactly two parameters.

2) None of drivers has got the same rating in three parameters.

If Damodaran does not get a bonus, what is the maximum possible value of his final rating?

Question 5

Answer the following questions based on below given information.

The local office of the APP-CAB company evaluates the performance of five cab drivers, Arun, Barun, Chandan, Damodaran, and Eman for their monthly payment based on ratings in five different parameters (P1 to P5) as given below:

P1: timely arrival

P2: behavior

P3: comfortable ride

P4: driver's familiarity with the route

P5: value for money

Based on feedback from the customers, the office assigns a rating from 1 to 5 in each of these parameters. Each rating is an integer from a low value of 1 to a high value of 5. The final rating of a driver is the average of his ratings in these five parameters. The monthly payment of the drivers has two parts – a fixed payment and final rating-based bonus. If a driver gets a rating of 1 in any of the parameters, he is not eligible to get bonus. To be eligible for bonus a driver also needs to get a rating of five in at least one of the parameters.

The partial information related to the ratings of the drivers in different parameters and the monthly payment structure (in rupees) is given in the table below:

The following additional facts are also known:

1) Arun and Barun have got a rating of 5 in exactly one of the parameters. Chandan has got a rating of 5 in exactly two parameters.

2) None of drivers has got the same rating in three parameters.

If Eman gets a bonus, what is the minimum possible value of his final rating?

Question 6

Answer the following questions based on below given information.

The local office of the APP-CAB company evaluates the performance of five cab drivers, Arun, Barun, Chandan, Damodaran, and Eman for their monthly payment based on ratings in five different parameters (P1 to P5) as given below:

P1: timely arrival

P2: behavior

P3: comfortable ride

P4: driver's familiarity with the route

P5: value for money

Based on feedback from the customers, the office assigns a rating from 1 to 5 in each of these parameters. Each rating is an integer from a low value of 1 to a high value of 5. The final rating of a driver is the average of his ratings in these five parameters. The monthly payment of the drivers has two parts – a fixed payment and final rating-based bonus. If a driver gets a rating of 1 in any of the parameters, he is not eligible to get bonus. To be eligible for bonus a driver also needs to get a rating of five in at least one of the parameters.

The partial information related to the ratings of the drivers in different parameters and the monthly payment structure (in rupees) is given in the table below:

The following additional facts are also known:

1) Arun and Barun have got a rating of 5 in exactly one of the parameters. Chandan has got a rating of 5 in exactly two parameters.

2) None of drivers has got the same rating in three parameters.

If all five drivers get bonus, what is the minimum possible value of the monthly payment (in rupees) that a driver gets?

Question 7

Answer the following questions based on below given information.

The local office of the APP-CAB company evaluates the performance of five cab drivers, Arun, Barun, Chandan, Damodaran, and Eman for their monthly payment based on ratings in five different parameters (P1 to P5) as given below:

P1: timely arrival

P2: behavior

P3: comfortable ride

P4: driver's familiarity with the route

P5: value for money

Based on feedback from the customers, the office assigns a rating from 1 to 5 in each of these parameters. Each rating is an integer from a low value of 1 to a high value of 5. The final rating of a driver is the average of his ratings in these five parameters. The monthly payment of the drivers has two parts – a fixed payment and final rating-based bonus. If a driver gets a rating of 1 in any of the parameters, he is not eligible to get bonus. To be eligible for bonus a driver also needs to get a rating of five in at least one of the parameters.

The partial information related to the ratings of the drivers in different parameters and the monthly payment structure (in rupees) is given in the table below:

The following additional facts are also known:

1) Arun and Barun have got a rating of 5 in exactly one of the parameters. Chandan has got a rating of 5 in exactly two parameters.

2) None of drivers has got the same rating in three parameters.

If all five drivers get bonus, what is the maximum possible value of the monthly payment (in rupees) that a driver gets?

Question 8

Veeru invested Rs. 10000 at 5% simple annual interest, and exactly after two years, Joy invested Rs. 8000 at 10% simple annual interest. How many years after Veeru’s investment, will their balances, i.e., principal plus accumulated interest, be equal?

Question 9

A man gives his wife a birthday present, giving her each year a number of rupees equal to the number of years of her age. If her birthday falls on August 8^th, what sum must be placed at simple interest at 7% on January 1^st, before she is 42, in order to raise the required sum? (Note year is not leap year)

Question 10

Gopal borrows Rs. X from Ankit at 8% annual interest. He then adds Rs. Y of his own money and lends Rs. X+Y to Ishan at 10% annual interest. At the end of the year, after returning Ankit’s dues, the net interest retained by Gopal is the same as that accrued to Ankit. On the other hand, had Gopal lent Rs. X+2Y to Ishan at 10%, then the net interest retained by him would have increased by Rs.150. If all interests are compounded annually, then find the value of X + Y.