GATE Practice Question and Answer

Q: Ravi and Ramu are partners in a business.Ravi contributes 1/6 of the capital for 16 months and Ramu received 2/3 of the profit. For how long Ramu's money was used ? 2265 0

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    11 months
    Correct
    Wrong
  • 2
    10 months
    Correct
    Wrong
  • 3
    9 months
    Correct
    Wrong
  • 4
    8 months
    Correct
    Wrong
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Answer : 4. "8 months"
Explanation :

Answer: D) 8 months Explanation: Let the total Profit be Z.Ramu's profit share is 2/3 of profit (i.e 2Z/3)Ravi's profit is (Z-2Z/3) =Z/3Hence the profit ratio is , Ravi : Ramu = Z/3 : 2Z/3 = 1:2 Let total Capital be Rs.X and Ramu has contributed for Y months.Since Ramu's profit share is 2/3, his invest share will be 2/3 in capital. Ravi's invest for 16 months / Ramu's invest for Y months = Ravi's profit share / Ramu's profit sharei.e. (X/6 x 16) / (2X/3 x Y) = 1/2 Solving the above equation, we get Y = 8.So Ramu's money has been used for 8 months.

Q: Selling an article at a profit of 20%, Aman gets Rs. 400 more than selling at a loss of 20%. The cost price of the article is ? 2263 0

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    Rs.1000
    Correct
    Wrong
  • 2
    Rs. 1020
    Correct
    Wrong
  • 3
    Rs.1210
    Correct
    Wrong
  • 4
    Rs.1140
    Correct
    Wrong
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Answer : 1. "Rs.1000"
Explanation :

Answer: A) Rs.1000 Explanation: Cost price of the article is given by = 400x100/(20+20) = Rs.1000

Q: 5 C in an OF? 2260 0

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    5 Cards in an Old Fan
    Correct
    Wrong
  • 2
    5 Circles in an Olympic Flag
    Correct
    Wrong
  • 3
    5 Colors in an Old Football
    Correct
    Wrong
  • 4
    5 Colors in an Old Flag
    Correct
    Wrong
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Answer : 2. "5 Circles in an Olympic Flag"
Explanation :

Answer: B) 5 Circles in an Olympic Flag Explanation: 5 C in an OF denotes 5 Circles in an Olympic Flag. These are riddles of type 12 S of the Z 52 W in a Y.

Q: The sum of three consecutive odd numbers is 93. What is the middle number? 2259 0

  • 1
    31
    Correct
    Wrong
  • 2
    33
    Correct
    Wrong
  • 3
    29
    Correct
    Wrong
  • 4
    27
    Correct
    Wrong
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Answer : 1. "31"
Explanation :

Answer: A) 31 Explanation: Let the three consecutive odd numbers be x, x+2, x+4 Then, x + x + 2 + x + 4 = 93 => 3x + 6 = 93 => 3x = 87 => x = 29 => 29, 31, 33 are three consecutive odd numbers.   Therefore, the middle number is 31.

Q: If Rs. 782 be divided into three parts, proportional to 1/2:2/3:3/4, then the first part is: 2257 0

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    Rs. 408
    Correct
    Wrong
  • 2
    Rs. 204
    Correct
    Wrong
  • 3
    Rs. 412
    Correct
    Wrong
  • 4
    Rs. 220
    Correct
    Wrong
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Answer : 2. "Rs. 204"
Explanation :

Answer: B) Rs. 204 Explanation: Given ratio = 1/2:2/3:3/4 = 6:8:9 1st part = 782 x 6/23 = Rs. 204.

Q: P and Q can do a work in 4 hours and 12 hours respectively. P starts the work at 9am and they work alternately for one hour each. When will the work be completed ? 2256 0

  • 1
    3 am
    Correct
    Wrong
  • 2
    12 pm
    Correct
    Wrong
  • 3
    1 pm
    Correct
    Wrong
  • 4
    3 pm
    Correct
    Wrong
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Answer : 4. "3 pm"
Explanation :

Answer: D) 3 pm Explanation: Work done by P and Q in the first two hours, working alternately = First hour P + Second hour Q ⇒14+112=13 work is completed in 2 hours Then, the total time required to complete the work by P and Q working alternately=2 x 3= 6hours Thus, work will be completed at 3pm.

Q: The Largest Component of National Income is 2255 0

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    Proprietors Income
    Correct
    Wrong
  • 2
    Compensation of Employees
    Correct
    Wrong
  • 3
    Corporate Profits
    Correct
    Wrong
  • 4
    Rental Income
    Correct
    Wrong
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Answer : 2. "Compensation of Employees"
Explanation :

Answer: B) Compensation of Employees Explanation: National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year. National Income is categorized into 6 components. They are : 1. Compensation of Employees (Wages and Benefits) 2. Corporate Profits 3. Rental Income 4. Proprietors Income (Income of unincorporated business) 5. Net Interest The Largest Component of National Income is Compensation of Employees.   The Largest component of National Income in India is Service Sector.

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Answer : 4. "None of the statements is required"
Explanation :

Answer: D) None of the statements is required Explanation: From the given data, (60 - 45)% = 12.5 + 415% = 16.5=> 100% = ?100% = 16.5 x 100/15 = 110 Hence, P = 45% of 110 = 45x110/100 = 49.5 Q = 50% of 110 = 55R = 60% of 110 = 60 x 110/100 = 66M = 12.5 + 49.5 = 62 or 66 - 4 = 62   Hence, no statement is required to answer.

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