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Previous Year Paper

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CAT-2008-Previous Years Paper

Question
24 out of 25
 

There are 100 employees in an organization across five departments. The following table gives the department-wise 
distribution of average age, average basic pay and allowances. The gross pay of an employee is the sum of his/her basic pay and allowance.

Department

Number of Employees

Average Age (Years)

Average Basic Pay (Rs)

Allowances 
(% of Basic Pay)

HR

5

45

5,000

70

Marketing

30

35

6,000

80

Finance

20

30

6,500

60

Business Development

35

42

7,500

75

Maintenance

10

35

5,500

50

There are limited numbers of employees considered for transfer/promotion across departments. Whenever a person is transferred/promoted from a department of lower average age to a department to higher average age, he/she will get an additional allowance of 10% of basic pay over the above his/her current allowance. There will not be an change in pay structure if a person is transferred/promoted from a department with higher average age to a department with lower average age.

Questions below are independent of each other.


There was a mutual transfer of an employee between Marketing and Finance departments and transfer of one employee
from Marketing to HR. As a result, the average age of Finance department increased by one year and that of Marketing department remained the same. What is the new average age of HR department?



A 30
B 35
C 40
D 45

Ans. A

CAT-2008-Previous Years Paper Flashcard List

25 flashcards
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Abdul, Bikram and Chetan are three professional traders who trade in shares of a company XYZ Ltd. Abdul follows the strategy of buying at the opening of the day at 10 am and selling the whole lot at the close of the day at 3 pm. Bikram follows the strategy of buying at hourly intervals: 10 am, 11 am, 12 noon, 1 pm and 2 pm, and selling the whole lot at the close of the day. Further, he buys an equal number of shares in each purchase. Chetan follows a similar pattern as Bikram but his strategy is somewhat different. Chetan’s total investment amount is divided equally among his purchases. The profit or loss made by each investor is the difference between the sales values at the close of the day less the investment in purchase. The “return” for each investor is defined as the ratio of the profit or loss to the investment amount expressed as a percentage. One day, two other traders, Dane and Emily joined Abdul, Bikram and Chetan for trading in the shares of XYZ Ltd. Dane followed a strategy of buying equal numbers of shares at 10 am, 11 am and 12 noon, and selling the same numbers at 1 pm,  2 pm and 3 pm. Emily, on the other hand, followed the strategy of buying shares using all her money at 10 am and selling all of them at 12 noon and again buying the shares for all the money at 1 pm and again selling all of them at the close of the day at 3 pm. At the close of the day the following was observed: (i) Abdul lost money in the transactions. (ii) Both Dane and Emily made profits. (iii) There was an increase in share price during the closing hour compared to the price at 2 pm. (iv) Share price at 12 noon was lower than the opening price. Share price was at its highest at A 10 amB 11 amC 12 noonD 1 pm
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Abdul, Bikram and Chetan are three professional traders who trade in shares of a company XYZ Ltd. Abdul follows the strategy of buying at the opening of the day at 10 am and selling the whole lot at the close of the day at 3 pm. Bikram follows the strategy of buying at hourly intervals: 10 am, 11 am, 12 noon, 1 pm and 2 pm, and selling the whole lot at the close of the day. Further, he buys an equal number of shares in each purchase. Chetan follows a similar pattern as Bikram but his strategy is somewhat different. Chetan’s total investment amount is divided equally among his purchases. The profit or loss made by each investor is the difference between the sales values at the close of the day less the investment in purchase. The “return” for each investor is defined as the ratio of the profit or loss to the investment amount expressed as a percentage. One day, two other traders, Dane and Emily joined Abdul, Bikram and Chetan for trading in the shares of XYZ Ltd. Dane followed a strategy of buying equal numbers of shares at 10 am, 11 am and 12 noon, and selling the same numbers at 1 pm,  2 pm and 3 pm. Emily, on the other hand, followed the strategy of buying shares using all her money at 10 am and selling all of them at 12 noon and again buying the shares for all the money at 1 pm and again selling all of them at the close of the day at 3 pm. At the close of the day the following was observed: (i) Abdul lost money in the transactions. (ii) Both Dane and Emily made profits. (iii) There was an increase in share price during the closing hour compared to the price at 2 pm. (iv) Share price at 12 noon was lower than the opening price. Which of the following is necessarily false? A Share price was at its lowest at 2 pm. B Share price was at its lowest at 11 am. C Share price at 1 pm was higher than the share price at 2 pm. D Share price at 1 pm was higher than the share price at 12 noon.
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