The Indian Institute of Foreign Trade (IIFT) MBA entrance exam is going to held on Sunday, November 22, 2015 from 10 a.m. to 12 p.m. IIFT conduct paper-pencil based entrance examination. Approximately 60-70,000 students write the IIFT entrance examination every year, with 1000 odd candidates being given a call for the essay-GD-PI round. Approximately 250 odd students make it to both the campuses combined. Preparing for the exam is the most difficult task as the paper pattern is very different and difficult. Here is the question paper of year 2008 for better preparation:
1. Three children won prizes in the ‘Tech India Quiz’ contest. They are from three schools: Lancer, Columbus and Leelavati, which are located in different states. One of the children is named Binod. Lancer school’s contestant did not come first. Leelavati school’s contestant’s name is Rahman. Columbus school is not located in Andhra Pradesh. The contestant from Maharashtra got third place and is not from Leelavati School. The contestant from Karnataka did not secure first position. Columbus school’s contestant’s name is not Badal.
Which of the following statements is TRUE?
(1) 1st prize: Rahman (Leelavati), 2nd prize: Studies, Trade policy and Finance to five of six newly Binod (Columbus), 3rd prize: Badal (Lancer) appointed faculty members. Prof. Fotedar does not
(2) 1st prize: Binod (Columbus), 2nd prize: Rahman (Leelavati), 3rd prize: Badal (Lancer)
(3) 1st prize: Badal (Lancer), 2nd prize: Rahman (Leelavati), 3rd prize: Binod (Columbus)
(4) 1st prize: Binod (Columbus), 2nd prize: Badal (Lancer), 3rd prize: Rahman (Leelavati)
2. Mother Dairy sells milk packets in boxes of different sizes to its vendors. The vendors are charged Rs. 20 per packet up to 2000 packets in a box. Additions can be made only in a lot size of 200 packets. Each addition of one lot to the box results in a discount of one rupee an all the packets in the box. What should be the maximum size of the box that would maximize the revenue per box for Mother Dairy?
(1) 2400 packets
(2) 3000 packets
(3) 4000 packets
(4) None of the above
3. All employees have to pass through three consecutive entrance doors to enter into the office and one security guard is deployed at each door. These security guards report to the manager about those who come to office after 10 AM. Ms. Rani is an employee of this office and came late on the annual day. In order to avoid report to the manager she had to pay each security guard half of the money she had in her purse and 2 rupees more besides. She found only one rupee with her at the end. How much money Ms. Rani had before entering the office on the annual day?
(1) Rs. 40
(2) Rs. 36
(3) Rs. 25
(4) Rs. 42
Instructions for questions 4 and 5:
Answer the questions based on the following information.
Director of an institute wants to distribute teaching assignments of HRM, Psychology, Development Studies, Trade policy and Finance to five of six newly appointed faculty members. Prof. Fotedar does not want any assignment if Prof. Das gets one of the five. Prof. Chaudhury desires either HRM or Finance or no assignment. Prof. Banik opines that if Prof. Das gets either Psychology or Trade Policy then she must get the other one. Prof. Eswar insists on an assignment if Prof. Acharya gets one.
4. Which of the following is valid faculty assignment combination if all the faculty preferences are considered?
(1) Prof. Acharya – HRM, Prof. Banik -Psychology, Prof. Chaudhury – Development studies, Prof. Das – Trade Policy, Prof. Eswar – Finance
(2) Prof. Chaudhury – HRM, Prof. Das – Psychology, Prof. Acharya – Development studies, Prof. Banik – Trade Policy, Prof. Eswar – Finance
(3) Prof. Acharya – HRM, Prof. Banik – Psychology, Prof. Eswar – Development studies, Prof. Das – Trade Policy, Prof. Fotedar – Finance
(4) Prof. Banik – HRM, Prof. Fotedar – Psychology, Prof. Eswar –Development studies, Prof. Chaudhuri – Trade Policy, Prof.Acharya – Finance
The Indian Institute of Foreign Trade (IIFT) was established in the year 1963 by the Government of India as an autonomous organisation to help professionalise the country’s foreign trade management and increase exports by developing human resources, analysing and disseminating data and conducting research. The Institute’s role could be defined such as, a catalyst for new ideas, concepts and skills for the internationalisation of the Indian economy. The primary provider of training and research-based consultancy in the areas of international business, both for the corporate sector, Government and the students community. IIFT is an institution with proven capability to continuously upgrade its knowledge base with a view to servicing the requirements of the government, trade and industry through both sponsored and non-sponsored research and consultancy assignments.
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