Group QuestionAnswer the following question based on the information given below.*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.Correct answer is '0.2%'. Can you explain this answer?

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Group Question

Answer the following question based on the information given below.

*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).

Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?

Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.

Correct answer is '0.2%'. Can you explain this answer?

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Group QuestionAnswer the following question based on the information g...

CCE as a percentage of PCE is highest for I.
Total amount spent by credit cards

Amount spent by credit cards as percentage of GDE

Answer: 0.2

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*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. What is the female population of country F given that the number of males and the number of females in country F are in the ratio 3 : 1 and the number of credit cards in country F is 40% of the total population? Correct answer is '800000'. Can you explain this answer?

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Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.Water, electricity, transport, education, health, financial transactions the average rural resident spends much more time on these pursuits than the average urban resident. The poor urban resident spends much more time on these pursuits than the rich urban resident. Stated differently, since some services have been outsourced, so to speak, the relatively rich person has more time to spend on more productive pursuits. Conversely, the relatively poor person spends a lot of time on unproductive pursuits that are unnecessarily in-sourced. Isnt it surprising that there is little research in India on what poor people spend their time on? If you are poor, you will spend more of your income on food. If you are rich, you will have more discretionary income. There is plenty of stuff on distribution of consumption expenditure, nothing on distribution of time. Part of the reason is lack of data, since the National Sample Survey Office (NSSO) asks questions on consumption expenditure, not on time expended. But surely it would be interesting to obtain answers to such questions?Does it make a difference? Low per capita consumption expenditure and high share of time spent on unproductive pursuits are likely to be correlated. If nothing else, it makes a difference in terms of mindset. Consumption and income are outcomes of a process of engaging with the labour market. Time is more in the nature of an input. We have plenty of public expenditure schemes for what can broadly be called public goods and services. If we focus on consumption expenditure, the mindset is one of enhancing consumption expenditure and income and therefore, the lens becomes one of income transfers and subsidies, rather than the causes of low consumption expenditure or income. If, in addition (not as a replacement), we focus on time, we will begin to recognise that in-sourcing occurs because of a lack of collective goods. Whether it is Union or state resources, the kitty for public expenditure is limited. Because of market failures, there is scope for private-sector engagement in such areas, but it is also limited. Therefore, there is a question of prioritisation in the expenditure of public resources.Q. What is the central idea of the passage?

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Water, electricity, transport, education, health, financial transactions the average rural resident spends much more time on these pursuits than the average urban resident. The poor urban resident spends much more time on these pursuits than the rich urban resident. Stated differently, since some services have been outsourced, so to speak, the relatively rich person has more time to spend on more productive pursuits. Conversely, the relatively poor person spends a lot of time on unproductive pursuits that are unnecessarily in-sourced. Isnt it surprising that there is little research in India on what poor people spend their time on? If you are poor, you will spend more of your income on food. If you are rich, you will have more discretionary income. There is plenty of stuff on distribution of consumption expenditure, nothing on distribution of time. Part of the reason is lack of data, since the National Sample Survey Office (NSSO) asks questions on consumption expenditure, not on time expended. But surely it would be interesting to obtain answers to such questions?Does it make a difference? Low per capita consumption expenditure and high share of time spent on unproductive pursuits are likely to be correlated. If nothing else, it makes a difference in terms of mindset. Consumption and income are outcomes of a process of engaging with the labour market. Time is more in the nature of an input. We have plenty of public expenditure schemes for what can broadly be called public goods and services. If we focus on consumption expenditure, the mindset is one of enhancing consumption expenditure and income and therefore, the lens becomes one of income transfers and subsidies, rather than the causes of low consumption expenditure or income. If, in addition (not as a replacement), we focus on time, we will begin to recognise that in-sourcing occurs because of a lack of collective goods. Whether it is Union or state resources, the kitty for public expenditure is limited. Because of market failures, there is scope for private-sector engagement in such areas, but it is also limited. Therefore, there is a question of prioritisation in the expenditure of public resources.Q. What can be inferred from the statement Consumption and income are outcomes of a process of engaging with the labour market?

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Group QuestionAnswer the following question based on the information given below.*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.Correct answer is '0.2%'. Can you explain this answer?

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Group QuestionAnswer the following question based on the information given below.*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.Correct answer is '0.2%'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Group QuestionAnswer the following question based on the information given below.*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.Correct answer is '0.2%'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Group QuestionAnswer the following question based on the information given below.*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.Correct answer is '0.2%'. Can you explain this answer?.

Solutions for Group QuestionAnswer the following question based on the information given below.*AII cards are used only for personal consumption expenditure. Note that personal consumption expenditure is part of Gross Domestic Expenditure, (GDE).Q. If the Gross Domestic Expenditure (GDE) of the country whose, CCE as a percentage of PCE is the highest is $2400 billions, then what percentage of the GDE of that country is spent through credit cards?Note: (i) Enter only numerical value. (ii) Round off your answer upto one decimal place, if required.Correct answer is '0.2%'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

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