CAT 2008 Question Paper
Directions for the following four questions: Answer the following questions based on the information given below: The bar chart below shows the revenue received in million US Dollars (USD), from subscribers to a particular Internet service. The data covers the period 2003 to 2007 for the United States (US) and Europe. The bar chart also shows the estimated revenues from subscription to this service for the period 2008 to 2010.
The Y axis represents the subscription revenue in Million (USD) and the X axis represents the years.
Consider the annual percent change in the gap between subscription revenues in the US and Europe. What is the year in which the absolute value of this change is the highest?
While the subscription in Europe has been growing steadily towards that of the US, the growth rate in Europe seems to be declining. Which of the following is closest to the percent change in growth rate of 2007 (over 2006) relative to the growth rate of 2005 (over 2004)?
Directions for the following five questions: Answer the following questions based on the information given below:
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, 11am, 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 sale value 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.
On a day of fluctuating market prices, the share price of XYZ Ltd. ends with a gain, i.e, it is higher at the close of the day compared to the opening value. Which trader got the maximum return on that day?
On a “boom” day the share price of XYZ Ltd. keeps rising throughout the day and peaks at the close of the day. Which trader got the minimum return on that day?
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
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?
Directions for following three questions: Answer the following questions based on the information given below: 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 allowances.
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 of higher average age, he/she will get an additional allowance of 10% of basic pay over and above his/her current allowance. There will not be any 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.
What is the approximate percentage change in the average gross of the HR department due to transfer of a 40-year old person with basic pay of Rs. 8000 from the Marketing department?
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?
If two employees (each with a basic pay of Rs. 6000) are transferred from Maintenance department to HR department and one person (with a basic pay of Rs. 8000) was transferred from Marketing department to HR department, what will be the percentage change in average basic pay of HR department?
