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Question Booklet Serial No. Time: 2 Hours ROLL NUMBER NAME (in Capital Letters)

IIFT QUESTION PAPER
IIFT 2011

ADMISSION TEST FOR PROGRAMME 2012 - 2014 Marks: 100

INSTRUCTIONS 1. Write the Question Booklet Serial Number in the space provided in the Answer Sheet. Question Booklet Serial Number is given at the top of this page. 2. Write your Roll No. clearly in the space provided in both the Question Booklet and the Answer Sheet. 3. Mark your answers in the Answer Sheet only. The Answer Sheet alone will constitute the basis of evaluation. 4. All rough work must be done in the Question Booklet only. 5. Do not make any stray marks anywhere in the answer sheet. 6. Do not fold or wrinkle the answer sheet. 7. Use only HB Pencil to mark the answers in the answer sheet. 8. All Questions have one correct answer. Every answer must be indicated clearly darkening one circle for each answer. If you wish to change an answer, erase completely the already darkened circle, then make a fresh mark. If you darken more than one circle your answer will be treated as wrong, as shown in the example below: WRONG METHOD 2 3 RIGHT METHOD 2 3 4

9. There is negative marking equivalent to 1/3rd of the mark allotted to the specific question for wrong answer. 10. The candidates are advised to read all options thoroughly. 11. No clarification of any sort regarding the question paper is permitted.

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IIFT 2011 THE ENTIRE QUESTION PAPER IS DIVIDED INTO THE FOLLOWING SECTIONS
SECTIONS (a) Section – 1 Section – 2 Section – 3 Section – 4 Section – 5 Section – 6 Total NO. OF QUESTIONS (b) 15 (Questions 1 – 15) 23 (Questions 16 – 38) 24 (Questions 39 – 62) 16 (Questions 63 – 78) 21 (Questions 79 – 99) 21 (Questions 100 – 120) 120 MARKS PER QUESTION (c) 0.75 0.75 1.00 1.00 1.00 0.50 TOTAL MARKS (d) = (b) × (c) 11.25 17.25 24.00 16.00 21.00 10.50 100.00

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IIFT 2011

Section I
Direction for questions 1 to 4: Read the following passage carefully and answer the questions given at the end. Passage 1 Before the internet, one of the most rapid changes to the global economy and trade was wrought by something so blatantly useful that it is hard to imagine a struggle to get it adopted: the shipping container. In the early 1960s, before the standard container became ubiquitous, freight costs were I0 per cent of the value of US imports, about the same barrier to trade as the average official government import tariff. Yet in a journey that went halfway round the world, half of those costs could be incurred in two ten-mile movements through the ports at either end. The predominant ‘break-bulk’ method, where each shipment was individually split up into loads that could be handled by a team of dockers, was vastly complex and labour-intensive. Ships could take weeks or months to load, as a huge variety of cargoes of different weights, shapes and sizes had to be stacked together by hand. Indeed, one of the most unreliable aspects of such a labour-intensive process was the labour. Ports, like mines, were frequently seething pits of industrial unrest. Irregular work on one side combined with what was often a tight-knit, well - organized labour community on the other. In 1956, loading break-bulk cargo cost $5.83 per ton. The entrepreneurial genius who saw the possibilities for standardized container shipping, Malcolm McLean, floated his first containerized ship in that year and claimed to be able to shift cargo for 15.8 cents a ton. Boxes of the same size that could be loaded by crane and neatly stacked were much faster to load. Moreover, carrying cargo in a standard container would allow it to be shifted between truck, train and ship without having to be repacked each time. But between McLean’s container and the standardization of the global market were an array of formidable obstacles. They began at home in the US with the official Interstate Commerce Commission, which could prevent price competition by setting rates for freight haulage by route and commodity, and the powerful International Longshoremen's M-PP-02 1A.3 Association (ILA) labour union. More broadly, the biggest hurdle was achieving what economists call ‘network effects’: the benefit of a standard technology rises exponentially as more people use it. To dominate world trade, containers had to be easily interchangeable between different shipping lines, ports, trucks and railcars. And to maximize efficiency, they all needed to be the same size. The adoption of a network technology often involves overcoming the resistance of those who are heavily invested in the old system. And while the efficiency gains are clear to see, there are very obvious losers as well as winners. For containerization, perhaps the most spectacular example was the demise of New York City as a port. In the early I950s, New York handled a third of US seaborne trade in manufactured goods. But it was woefully inefficient, even with existing break-bulk technology: 283 piers, 98 of which were able to handle ocean-going ships, jutted out into the river from Brooklyn and Manhattan. Trucks bound‘ for the docks had to fiive through the crowded, narrow streets of Manhattan, wait for an hour or two before even entering a pier, and then undergo a laborious two-stage process in which the goods foot were fithr unloaded into a transit shed and then loaded onto a ship. ‘Public loader’ work gangs held exclusive rights to load and unload on a particular pier, a power in effect granted by the ILA, which enforced its monopoly with sabotage and violence against than competitors. The ILA fought ferociously against containerization, correctly foreseeing that it would destroy their privileged position as bandits controlling the mountain pass. On this occasion, bypassing them simply involved going across the river. A container port was built in New Jersey, where a 1500-foot wharf allowed ships to dock parallel to shore and containers to be lified on and off by crane. Between 1963 - 4 and 1975 - 6, the number of days worked by longshoremen in Manhattan went from 1.4 million to 127,041. Containers rapidly captured the transatlantic market, and then the growing trade with Asia. The effect of containerization is hard to see immediately in freight rates, since the oil price hikes of the 1970s kept them high, but the speed with which shippers adopted; containerization made it clear it brought big benefits www.TestFunda.com

The matter was settled by using the power of federal money: the Federal Maritime Board (FMB). as far as the military was concerned. shapes and sizes. a major shipping firm Matson Navigation used a 24-foot container since a bigger container was not suitable for its trucks. Establishing a US standard and then getting it adopted internationally took more than a decade. Because war involves massive movements of men and material. 20. the US military engaged the company of Malcolm McLean to transport equipments for their soldiers stationed in Western Europe. The US armed forces.TestFunda. (4) In the early days of container trade development. trucks bound for the New York docks had to pass through the narrow streets. Matson Navigation. This was a significant problem to overc ome.which. because that was the maximum size allowed on the highways in its home base in New Jersey. was greatly helped by the container trade that quickly built up between the US and east Asia. later renamed Sea-land. to carry equipment to the quarter of a million American soldiers stationed in Western Europe. As far as the ships were concerned. Pan. as it involved manual handling of huge variety of cargoes of different weights.Atlantic used 35foot containers. which largely traded with Latin America. an agency set up by the private sector. decreed that only the 8 x 8-foot containers in the lengths of l0. M-PP-02 1A. and its exports to the US tripled. (2) Once satisfied with the effectiveness of containerized trade. (4) The issue of standardization of the containers created led to a debate . while the ocean-borne exports from South Korea in general more than doubled. 30 or 40 feet would be eligible for handouts.9 million tons in 1969 and 6 million in 1973. and a container bigger than that would have been too heavy for a crane to lift. 1. was vital if the ships had to be commandeered in case war broke out. Taiwan. (3) Cargo loading during 1960s usually took a long period. Korea and Hong Kong.4 Indeed. It needed a couple of pushes from government both. (2) As a result of growing adoption of containerized trade during 1969-73. used a foot container that was easier to truck around winding mountain roads. (3) The outbreak of the Vietnam war functioned as a major positive force towards rapid expansion of containerization. Ocean-borne exports from South Korea were 2. not only did the US Maritime Administration have to mediate in these rivalries but also to fight its own turf battles with the American Standards Association. But the new technology did not get adopted all on its own. as American imports from the country increased heavily. Another of the big shipping companies. it is often armies that pioneer new techniques in supply chains. The government's first helping hand was to give a spur to the system by adopting it to transport military cargo. which handed out to public subsidies for shipbuilding. and then undergo a laborious three-stage process for loading onto a ship. Grace Line. given the labour-intensive ‘break-bulk’ cargo handling. The government’s other role was in banging heads together sufficiently to get all companies to accept the same size container. the same to the US tripled. largely to do with the military. which based their development strategy on exports. One of the few benefits of America's misadventure in Vietnam was a rapid expansion of containerization.com . The extraordinary growth of the Asian tiger economies of Singapore. Identify the false statement: (1) In the pre-containerization days. used a 24-foot container since its biggest trade was in canned pineapple from Hawaii. not least because all the companies that had started using the container had settled on different sizes. Identify the correct statement: (1) The freight costs accounted for around I0 per cent of the value of imports in general during early l960s. started contracting McLean’s company Pan-Atlantic. wait for an hour or two before even entering a pier. seeing the efficiency of the system.IIFT 2011 of efficiency and cost.between the US www. 2. as it happens. Standard sizes were essential to deliver the economies of scale that came from interchangeability . the same link between the merchant and military navy that had inspired the Navigation Acts in seventeenth-century England endured into twentieth-century America.

c – ii. The third message emerges from the analysis of expenditure patterns is the significance of infrequent. d . Rs.iii (4) a – iii. The emergence of containerization technology in early seventies resulted in: (1) Immediate adoption of the containerized export route by private companies. These related broadly to the (i) the sources of livelihood of the potential consumer segment for financial inclusion (ii) how they spend their money. The fact that a huge proportion of the Indian workforce is either selfemployed and in the casual labour segment suggests the need for products that will make access to credit easier to the former. c – ii. As has 1A. which in turn would help reduce the income differentials between these and more regular. McLean Set B i. ILA b. particularly on non-regular items (iii) their choices and motivations with respect to saving and (iv) their motivations for borrowing and their ability to access institutional sources of finance for their basic requirements. b – i. which were reliant on an export-oriented growth strategy. (4) All of the above 4. The second message is that the process of financial inclusion is going to be incomplete and inadequate if it is measured only in terms of new accounts being opened and operated. Grace Line d. Standardization business strategies by financial service providers. in their own accord. have low penetration amongst the lowest income households. 50. Essentially. In this section. d . From the employment and earning patterns. supported by a correspondingly low-cost health care system or a low level systematic investment plan. c – ii. what I consider to be the key messages of the lecture. New Jersey ii.com (1) a – i. I want to emphasize that we are not talking about Below Poverty Line households only. while offering opportunities for risk mitigation and consumption smoothing to the latter. Passage 2 I have tried to introduce into the discussion a number of attributes of consumer behaviour and motivations. (3) Spectacular growth in exports from the East Asian tiger economies.ii (3) a – iv. while perhaps not quite middle class. which allows even poor households to create enough of a buffer to deal with these demands as and when they arise. In discussing each of these sets of issues. b – i.000 per year in 2007.IIFT 2011 government and American Standards Association. dealing with these kinds of expenditures requires either lowcost insurance options. which I believe are important inputs into devising a strategy for commercially viable financial inclusion.iii (2) a – iii. d – i Direction for questions 5 to 8: Read the following passage carefully and answer the questions given at the end. I spent some time drawing implications for M-PP-02 . there emerged a sense that better access to various kinds of financial services would help to increase the livelihood potential of a number of occupational categories.5 www. To reiterate the question that arises from these data patterns: is this because people can’t access banks or other service providers or because they don’t see value in doing so? This question needs to be addressed if an effective inclusion strategy is to be developed. (2) An instant sharp reduction in freight costs expressed as a percentage of imports across countries.TestFunda. b – iv. The data suggest that even savings accounts. I will briefly highlight. salaried jobs. FMB c. but quantitatively significant expenditures like ceremonies and medical costs. The first message emerges from the preliminary discussion on the current scenario on financial inclusion. Mountain roads iii. was certainly quite far above the official poverty line. 3. d . but the question was finally sorted through public subsidy programme by Federal Maritime Board. c – iv. both at the aggregate level and across income categories. the most basic financial service. at the risk of some repetition. b – iv. The same concerns about lack of penetration amongst the lowest income group for loans also arise. Match the following Set A a. Dockers iv.

This. plays such an important role in both sets of motivations. as has been said. the commercial viability and profitability of a financial inclusion strategy need not be viewed only from the perspective of immediacy. (4) Financial Institutions must deliver social service through financial inclusion. of course. both financial and medical. 60. (3) It is felt that financial inclusion could be profitable from day one if a commercially viable strategy is devised. Every aspect of a financial inclusion strategy — whether it is the design of products and services or the delivery mechanism — needs to be viewed in terms of the business opportunity that it offers and not as a deliverable that has been imposed on the service provider. www. The fifth and final message is actually the point I began the lecture with. amenable to a low-cost. (4) There is lack of penetration for loans amongst the lowest income group.TestFunda. ln other words. It is striking that the need to deal with emergencies. it is also important to emphasize that commercial viability need not necessarily be viewed in terms of immediate cost and profitability calculations. In fact. which offer at least some minimum income security and consumption smoothing. how much security they should offer and for how long and how they should be financed are fundamental policy questions that go beyond the realm of the financial sector. significantly overlap with each other. as one might reasonably expect. It is really a matter of extending them to make them accessible to a very large number of lower income households. the former. financial services also offer the prospect of a life-cycle model of marketing. with a low and possibly uncertain ability to maintain regular contributions. with the attendant service provision. certainly suggests that the need for some kind of income and consumption smoothing product is a significant one in an effective financial inclusion agenda. Which of the following statements is correct? (1) Financial inclusion is exclusively measured in terms of new accounts being opened and operated. The latter is. 7. It is the critical importance of the principle of commercial viability. in a way which provides practical answers to all these three questions. (3) Financial sector should also look into their role of broadening social safety nets. which. 6. which is a theme that recurs through the entire discussion on consumer characteristics. raises broader questions about the role of social safety nets. Like in many other products. The fourth message comes strongly from the motivations to both save and borrow. it must receive the attention of any meaningful financial inclusion strategy. However. Identify the correct statement from the following: (1) Casual labour segment may not require risk mitigation products like insurance as their expenditures on consumption are high relative to their incomes. financial inclusion has to be commercially viable. 5.com . Establishing a relationship with first-time consumers of financial products and services offers the opportunity to leverage this relationship into a wider set of financial transactions as at least some of these M-PP-02 1A. There is a viable investment dimension to it as well. to the extent that risk mitigation is a significant financia l need. mass insurance scheme. in a high growth scenario. Which of the following statements is incorrect? (1) In order to succeed.6 consumers move steadily up the income ladder.000 per year is the benchmark for official Poverty Line. a high proportion of such households are likely to move quite quickly from very basic financial services to more and more sophisticated ones. However. (2) Savings account is one of the basic vehicles for financial inclusion. it is not as though such products are not being offered by domestic financial service providers. However. (2) There is a felt need for better access to credit products for the self-employed. (4) Risk mitigation of casual labour must receive attention in any meaningful financial inclusion strategy. How extensive these mechanisms should be. (2) Income of upto Rs. (3) Savings accounts have low penetration amongst “Below Poverty Line” households only.IIFT 2011 already been pointed out.

The dispute dated back three-and-a-half years to when Anil filed case against his brother for reneging on an agreement to supply 28 million cubic metres of gas per day from its Krishna-Godavari basin fields at a rate of $ 2.5 lakh each just to ensure that the Jindals would not be able to make a proper case on a taxation issue. only few of the consumers are expected to move up the income ladder. Both the brothers had booked their legal teams in the same hotel. lt’s not the essentials as much as the frills that raise eyebrows. 1. The 50 court hearings in the Haldia Petrochemicals vs. Identify the wrong statement from the following: (1) High expenditures on ceremonies and medical costs can be met through a low level Systematic Investment Plan. For instance. “There is a reason why we have more than one www. “A Lawyer’s job is to appear for any client that comes to him. Vodafone taxation or Bombay Mills case.75 lakh at a Chennai five star. at a conservative estimate. must have cost the Ambanis at least Rs. He could afford philanthropy with one of India’s wealthiest tycoons. after the 26/ ll Mumbai attacks. first the Oberoi and. (3) Financial and medical emergencies motivate one to save and borrow.TestFunda. Direction for questions 9 to 12: Read the following passage carefully and answer the questions given at the end. providing a steady source of income. whether it is the Ambani gas case. Some expect the client not to blink while picking up a dinner tab of Rs. shrugs Rohatgi. Some lawyers prefer to be paid partly in cash but the best are content with cheques. He will never be the second counsel in a case. Some high profile cases have continued for years. The lawyers’ fees alone. (4) There is an opportunity for banks to crosssell their products to the bottom of the pyramid. Indeed.7 strength of the client's purse. The average legal fee was Rs. use of the private jet. There are a few familiar faces to be found in most of the big ticket cases. A lawyer is know n to carry his home linen and curtains with him while travelling on work. cost the mill owners almost Rs. Large corporate firms. the West Bengal Government cost the former a total of Rs. Raytheon had paid seven top lawyers a retainer fee of Rs. The veteran Jethmalani is surprisingly the most modest in his fees since he does not charge rates according to the M-PP-02 1A. 15 crore each. which dragged on for three years. former additional solicitor general. All he did was “window dressing”. The former solicitor general had been topping the legal charts ever since he scripted a surprising win for Mukesh Ambani against his brother Anil. A firm may even have to pick up a hot Vertu phone of the moment or a Jaeger-LeCoutre watch of the hour to keep a lawyer in good humour. from the Scindia succession battle which dates to 1989. 25 crore in lawyer fees and the 20 hearings in the Bombay Mill Case. But as the crises have multiplied. and Abhishek Manu Singhvi. (2) Given the high growth scenario of the country. Salve will only accept the first brief. Think of the large law firms as the big Hollywood studios and the senior counsel as the superstar.34 for 17 years. which engage star counsels on behalf of the client. Explains Salve. claiming his right to privacy had been violated. That dispute set the gold standard for legal fees. lt’s not for the lawyers to judge if a client is good or bad but the court”. On Mukesh’s side were Salve. after all. not to mention the overnight stays at Mumbai's five-star suites. Or take Raytheon when it was fighting the Jindals. The younger brother had an equally formidable line-up led by Ram Jethmalani and Mukul Rohatgi. 10 crore. They miscalculated when a star lawyer fought the case at the last minute. to the JetLite Sahara battle now in taxation arbitration to the BCCI which is currently in litigation with Lalit Modi. Ramalinga Raju did not ‘fudge any account in the Satyam Case. He is. the lawyer who argued so famously in court that B.Aryama Sundaram was retained by Anil Ambani in the gas feud but he did not fight the case. lawyers‘fees have exploded.com .IIFT 2011 8. and on occasion. “I don’t take negative retainers”. Little wonder though that Salve agreed to take on Tata’s case pro bono. Rajasthan Royals and Kings XI Punjab. Some are even paid to not appear at all for the other side . he called Harish Salve. Passage 3 When Ratan Tata moved the Supreme Court. also need to know their quirks. The choice was not surprising. the Trident. business class travel. 25 lakh for a full day's appearance. 2. Rohinton Nariman.

com . What does a ‘negative retainer’ refer to? (1) Giving a lawyer only his fees and not the frills (2) Paying a lawyer to not fight a case for the other side (3) Having more than one senior advocate on a case (4) Reimbursing law firms for doing groundwork for the counsel 12. Abhishek Manu Singhvi Distinguishing Quality i. What does the phrase ‘pro bono’ mean? (1) Charged according to the client’s purse (2) Done without compensation for the public good (3) Carried out in the prescribed form (4) Taken up from the beginning Direction for questions 13 to 15: Read the following passage carefully and answer the questions given at the end. “The four jewels in the crown today are Salve. with the flourish that has seen him pick up many Dhurandhares and Senakas at pricey art auctions. Rohatgi can run up billings of Rs. Says Karanjawala. b-iv. c-i. Best Law library in his brain (1) a-ii. Rohinton c. Harish Salve b. shot to fame (and wealth) after he got bail M-PP-02 1A. When you're arguing.IIFT 2011 senior advocate on a case. the same as a mid-sized corporate law firm like Titus and Co that employs 28 juniors.” points out Diljeet Titus. c-iv.8 for Sanjay Dutt in 1996. 9.K. of course in different cases. So a one-man show by. whose firm has prepared the briefs for cases ranging from the Tata's recent right to privacy case to Karisma Kapoor’s divorce. Jethmalani is the man to call for anyone in trouble. The courts have become stronger. “The lawyer. Even Jethmalani’s junior Satish Maneshinde. Greatest multi . Rohinton has the best law library in his brain. Today's Fali Nariman iii. governments have questioned corporates and corporates are questioning each other. d-iii (3) a-iii. say. India's busiest lawyer ii. “Harish is the closest example in today's bar to Fali Nariman. There are so few lawyers and so many matters. Rohatgi. “We are partners in this. Match the following: Lawyer a. and an array of new issues has come up. b-ii. 40 crore. Which of the following is not true about Ram Jethmalani? (1) In judicial circles. b-iv. They have replaced the old guard of Fali Nariman. d-i 11.tasker iv.” says Sundaram. Mukul Rohatgi d.” The demand for superstar lawyers has far outstripped the supply.” Each purohit is head priest of a particular style. The big law filik such as AZB or Amarchand & Mangaldas or Luthra & Luthra have to do all the groundwork for the counsel.TestFunda. d-i (2) a-ii. who came to Mumbai in I993 as a penniless law graduate from Karnataka. In judicial circles he is known as the first resort for the last resort. “The one person who defies the generational gap is Jethmalani who was India's leading criminal lawyer in the 1960s and is so today. Parkash Singh Badal and Amarinder Singh.” Says Rajan Karanjawala. d-ii (4) a-iii. Soli Sorabjee. b-iii. c-i. Ashok Desai and K. “has emerged as the modern day purohit. Venugopal. Rohinton Nariman and Singhvi.that Indian banks should aim to www. Lalit Modi and Subhash Chandra and even the Ambani brothers.” Salve has managed a fine balancing act where he has represented Mulayam Singh Yadav and Mayawati. c-iv. Passage 4 The second issue I want to address is one that comes up frequently . he is known as the first resort for the last resort (2) He is the most modest in his fees (3) He has been India’s leading criminal lawyer since 1960s (4) None of his juniors have done well in their careers 10. He picks up a point or a vibe that you may have missed.” He adds. from humouring the clerk to ensure the A-lister turns up on the hearing day to sourcing appropriate foreign judgments in emerging areas such as environmental and patent laws. Now he owns a plush office in Worli and has become a one-stop shop for celebrities in trouble. Mukul is easily India's busiest lawyer while Manu Singhvi is the greatest multi-tasker. he’s reading the court. As the trust between individuals has broken down.

The current structure is that India has 81 scheduled commercial banks of which 26 are public sector banks. 13. lt should be noted though that bank consolidation through mergers is not always a totally benign option.TestFunda. A natural sequel to this issue of the envisaged structure of the Indian banking system is the Reserve Bank’s position on bank consolidation. (2) Some people expect all banks to become global in coming years. On the negative side. Even a quick review would reveal that there is no segmentation in the banking structure along the lines of Narasimham II. It is. 21 are private sector banks and 34 are foreign banks. They should look out more actively in regions which hold out a promise of attractive acquisitions. The initiative for this has to come from the boards of the banks concerned which have to make a decision based on a judgment of the synergies involved in the business models and the compatibility of the business cultures. Opinion on this is divided. Nevertheless. The main argument is that the increasing global size and influence of Indian corporates warrant a corresponding increase in the global footprint of Indian banks. Having given that broad brush position on bank consolidation let me address two specific questions: (i) can Indian banks aspire to global size?. with a network of branches throughout the country and engaged in universal banking. It is possible to take a middle path and argue that looking outwards towards increased global presence and looking inwards towards deeper financial penetration are not mutually exclusive. and (ii) should Indian banks aspire to global size? On the first question. unlikely that any of our banks will jump into the top ten of the global league even after reasonable consolidation.9 www. Then comes the next question of whether Indian banks should become global. there has definitely been a pause to the rapid expansion overseas of our banks. In its 1998 report. This can be achieved both through organic and inorganic growth. With the onset of the global financial crisis. they only see this as an aspiration consistent with India’s growing international profile. international acceptance and recognition. together with its subsidiaries. notwithstanding the risks involved. experience shows that consolidation would fail if there are no synergies in the business models and there is no compatibility in the business cultures and technology platforms of the merging banks. focus their efforts on financial deepening at home rather than aspiring to global size. based on profitability considerations and brought about through a process of mergers & amalgamations (M&As). improved risk management and improvement in financials due to economies of scale and scope. the State Bank of India (SBI). The opposing view is that Indian banks should look inwards rather than outwards. it should be possible to aim for both. as per the current global league tables based on the size of assets. M-PP-02 1A. is that Indian banks should increase their global footprint opportunistically even if they do not get to the top of the league table.IIFT 2011 become global. in line with globalization. The surmise. Identify the correct statement from the following: (1) Large banks having an international presence should not be engaged in universal banking. in the middle. I45 and Bank of Baroda at 188. However. therefore. and local banks and regional rural banks operating in smaller regions forming the bottom layer. comes in at No. On the positive side are a higher exposure threshold. The Reserve Bank’s role in the reorganisation of the banking system will normally be only that of a facilitator. it will be opportune for some of our larger banks to be looking out for opportunities for consolidation both organically and inorganically. our largest bank. 8-10 mid-sized banks. the Narasimham (II) Committee envisaged a three tier structure for the Indian banking sector: 3 or 4 large banks having an international presence on the top. the Indian banking system has not consolidated in the manner envisioned by the Narasimham Committee.com . Most people who put forward this view have not thought through the costs and benefits analytically. therefore. Those who argue that we must go global contend that the issue is not so much the size of our banks in global rankings but of Indian banks having a strong enough.74 followed by ICICI Bank at No. Our view on bank consolidation is that the process should be market-driven. global presence.

14.IIFT 2011 (3) Indian banking system has not consolidated as was foreseen by the Narasimham Committee. (3) None of the Indian banks presently are global. some regions hold out a promise of attractive acquisitions for banks. 15.10 www.com . (3) Indian banks cannot be global even after reasonable consolidation. M-PP-02 1A. (4) Reserve Bank of India envisages the role of a facilitator for itself in the direction of bank consolidation. Identify the correct statement from the following: (1) Indian banks should not go for global inorganic expansion as there is no compatibility in business cultures. (4) After the onset of the global financial crisis. (2) Indian banks do not aspire to be global. (4) Global financial crisis has increased the risks of overseas expansion. (2) There is still scope for Indian banks to expand internally.TestFunda. Identify the wrong statement from the following: (1) Bank consolidation through mergers increases the merged entity’s ability to take higher exposures.

Mark the option that best completes the sentence. c – i. I. d – ii. e . d – v. b – iv.TestFunda. 16. C and D.iii (2) a – ii.iii (4) a – iii. (1) a number of people even larger (2) an even larger amount of people (3) a group of people even greater (4) an even greater number of people Direction for question 20 and 21: In the question below. Evanescence c. mild breeze iii. 24. This behaviour does not compliment his position. Identify the underlined part that must be change to make the sentence correct. (1) A (2) B (3) C (4) D (1) only sentence I is correct (2) only sentence II is correct (3) both sentence I and II are correct (4) both sentences I and II are incorrect 21. (1)It was the first map (2) The first map (3) There was a first map (4) That the first map 19. A vote of censur was passed against the Chairman. No Error (D). II. c – i. I. c – ii. B. choose the most appropriate “one word” for the given expressions. marked A. ____________made after English settlers came to Jamestown was a map of Virginia by john Smith. the famous adventurer. C and D are given beneath each sentence.iv (3) a – v. Vanish ii. II. The art of cutting trees and bushes into ornamental shapes: (1) Horticulture (3) Pruning (2) Bonsoi (4) Topiary Direction for question 24 and 25: Match the words in column 1 with their appropriate meaning in column 2. Diaphanous e.11 23. The concept this weekend promises to attract ___________ than attended the last one. partiality (1) a – v. Inane iv. Neither the examiner (A) nor his assistant (B) were informed (C) about the cancellation of the examination. c – iii. Column 1 a.com . which may either be mis –spelt or inappropriately used in the context of the sentence. there are two sentences containing underlined homonyms. A gentle.IIFT 2011 Section II Direction for question 16 – 17: Each sentence below has four underlined words or phrases. M-PP-02 1A. B. Four words or pharses marked A. b – i. Completely transparent and translucent v. Before release. Predilection b. One who is unrelenting and cannot be moved by entreaties : (1) Inexorable (3) Impregnable (2) Infallible (4) Inexplicable 17. Select the appropriate answer from the option given below: 20. every film is passed by the Censor Board. 22. e . e . b – iv. 18. b – i. e – ii www. Zephyr d. d – v. Fatuous Column 2 i. d – iv. Being (A) a short holiday (B) we had to return (C) without visiting many of the places (D) (1) A (2) B (3) C (4) D Direction for question 18 and 19: Each question below consists of an incomplete sentence. He thanked his boss for the complement (1) only sentence I is correct (2) only sentence II is correct (3) both sentences I and II are correct (4) both sentences I and II are incorrect Direction for question 22 and 23: For each of the following sentences.

www. p. c – iv. 28. a. 32. C and D. _________________ It is the duty of all the numbers of the team to observe discipline in its proper perspective. the options 1. with the spread of civilisation. 26. but has been ruthlessly destroying them. b – i.IIFT 2011 25.b or c that will best complete the paragraph. c – i. It is on historical record that the vast sahara desert of today once used to be full of thick forests. Dotting upon wife ii. b – i. A proper team spirit can seldom be based on discipline. 2. Uxorious c. (1) Septaganarian (3) Septagenurian (2) Septagenarian (4) Septuagenarian Direction for question 33: In the following question. Human evolution itself has taken place in the forests. d –iii. In cultivating team spirit. c. particularly in the tropical regions of the earth. The financial conditions. Risible: (1) serious (3) ludicrous 27. meaningful sentence. C and D. Tenebrous: (1) dark (3) bright (2) truthful (4) quarrelsome (2) amusing (4) ridiculous Direction for question 30: Given below are the first and last parts of a sentence. e .12 31. choose the arrangement of these parts that forms a complete. Inchoate Column 2 i. to deceive a. Undeveloped. Identify the correctly spelt word. 2. q. and the remaining sentence is broken into four parts p. 3 and 4 have a word written in four different ways. For mobilisation of resources r. Which of the following cannot be termed as an ‘oxymoron’? (1) a living death (2) conspicuous by one’s absence (3) the sound of music (4) deafening silence Direction for question 32: In the following question.b. b – iv. From A. q.iii (3) a – iv. Perspicacity b. B. man has not only spurned the forests. followed by fillers a. b –i i. Chicanery e. and the parts have been scrambled and numbered.v Direction for question 26 and 27: Identify antonyms for the following words. b. 30.c. d – iii. e . B. Choose the correct order of these parts from the alternatives 1.TestFunda. one should not forget the importance of discipline. Nebbish d. d – v. From options A. immature iv. A large part of humanity still lives deep inside forests. e . Discipline in its right perspective would mean sacrificing self to some extent. d – v. c – ii. Are being taken by the State Governments (1) psqr (3) rsqp (2) qrsp (4) sqrp Direction for question 28 and 29: A partially completed paragraph is below. r and s. identify the right combination and order of fillers a. to trick. (1) Only a and b (3) Only c and b (2) Only c and a (4) c and a or b (1) a – ii. It is a well known fact that team spirit and discipline can never go hand in hand c.v (2) a – iv. In order to improve s. (1) a and b only (2) b and c only (3) Either a or b only (4) c only 29. Keenness of mental perception v. a sentence has been broken up into parts. c –i. ineffective person iii. insignificant. 3 and 4. A number of measures ______________ of the Municipal Corporations. Forests are gifts of nature __________. M-PP-02 1A. Yet. b. Column 1 a.iii (4) a – ii.com . of which only one is correct. e .

in situ c. e. pastrol industry and fishing d. e. c-ii. the productivity from agriculture g. a. g. 37. c-i.IIFT 2011 33. b 34. 36. c. storage. Direction for question 38: Match the Latin phrases in column 1 with their appropriate meaning in column 2: 38.com . circa d. g. b-iv. f. f. P 1 M 2 O 3 T 4 R 5 (2) 8 6 7 1 4 2 3 5 (4) 5 3 7 1 8 4 2 6 (1) a-iv. The teacher said. e. (2) The teacher called the boys and ordered them to be quite. (3) The teacher urged the boys to be quiet. g. g. ad nauseum Column 2 i. c . b-iv. b-iii. besides increasing e. distribution and handling c. by preventing wastage in f.” (1) The teacher ordered that the boys should be quiet.a. a. d-ii (2) a-iii. “Are you coming to the party?” (1) He asked her whether she was coming to the party. (3) He asked her if she was coming to the party. (4) He asked her if she will be coming to the party. c. c-ii. f (3) d. ex libris b. (2) He enquired with her if she was coming to the party. d-i (4) a-iii. He said to her. in its original place (1) 1 3 5 2 4 6 8 7 (3) 4 2 3 5 8 6 7 1 35. can be increased (1) a. c-i. D 1 V 2 E 3 O 4 R 5 E 6 A 7 H 8 (2) d. d. from the books iv. approximately iii. b (4) f. c. d-ii C 6 T 7 E 8 T 9 O 10 (1) 1 5 10 7 8 6 9 4 3 2 (2) 6 3 2 1 8 7 4 9 10 5 (3) 9 8 5 1 0 2 4 3 1 7 6 (4) 10 6 7 3 1 8 5 4 2 9 Direction for questions 36 and 37: In each of the following question a sentence is given in “Direct Speech “Identify the right alternative 1 2 3 and 4 which best expresses this sentence in “Indirect Speech”. “Be quiet. repeating to the point of boredom ii.13 www. b (4) The teacher commanded the boys that they be quiet. boys. M-PP-02 1A. d. b. d-i (3) a-iv. b-iii. food supply b.TestFunda. Column 1 a. e. a.

They stayed in a hotel which is exactly 250 meters away from the railway station.IIFT 2011 Section III 39. which is a seaside town and also known for the presence of the historical ruins of an ancient kingdom. each of which have the full marks of 100. It is observed that one-third of the marks obtained by Romit in Logical Analysis is greater than half of his marks obtained in Verbal English By 5. 500 (2) Rs. due to certain compulsions.000/. Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. The remaining profit will be distributed among the friends in line with their contribution. 12 men and 18 boys completed construction of a primary health center in 60 days. Subsequently the residents of the neighbouring Harigarh village also decided to construct a primary health center in their locality.for 8 months.50. Next morning they visited the sea-beach to witness sunrise and afterwards decided to have a race from the beach to the gate of the ruins. G Software’s and R Mindpower respectively for decade. The friends decided to float a new software firm named XY Infotech in January 2010. The following morning they had another round of race from the railway station to the hotel. It was decided between friends that Sujoy will be running the venture as the full time director during 2010. 35. which would be twice the size of the facility build in Bilaspur. then Paranjoy earned a profit of: (1) Rs. At the hotel. If a man is able to perform the work equal to the same done by 2 boys. Mandeep and Jagdeep learnt from a tourist information booklet that the distance between the sea-beach and the gate of the historical ruins is exactly 1 km. He has obtained a total of 210 marks in the examination and 70 marks in Mathematics. and Mritunjoy and Paranjoy will be able to join the business only in January 2011. 75. Mritunjoy invested Rs. namely Mathematics. Jagdeep defeated Mandeep in the race by 60 meters or 12 seconds. working 9 hours a day? (1) 45 boys (3) 40 boys (2) 48 boys (4) 42 boys 40. How long did Jagdeep take to cover the distance on the second day? (1) 53 seconds (3) 51 seconds (2) 47 seconds (4) 45 seconds 41. 1. Sujoy invested Rs. 4.000/. 1. 1. 39. 1. Mandeep and Jagdeep had gone to visit Ranpur. 500 (3) Rs. What is the difference between the marks obtained by him in Mathematics and Verbal English? (1) 40 (2) 10 (3) 20 (4) 30 M-PP-02 1A. However.5 hours a day. If the total profit earned during 2010 was Rs.14 www.30.com . In order to compensate Sujoy for his efforts. Verbal English and Logical Analysis. In Bilaspur village. 35. it was decied that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. Mritunjoy and Paranjoy are three friends.for 6 months and Paranjoy invested Rs. 75. 500 (4) None of the above 44. by working for 7.000/-. While preparing for a management entrance examination Romit attempted to solve three paper. then how many boys will be required to help 21 men to complete the work in Harigarh in 50 days.for 12 months. Sujoy. who have worked in software firms Z Solutions.TestFunda.000/.

000/(4) Rs. 750/. The difference between the amount invested in NSC by Animesh and Aniket is: (1) Rs. There are four prime numbers written in ascending order of magnitude.000/(3) Rs. then the price of the two books are: (1) Rs. A cube of each side 4 cm. 65. 400/(3) Rs. 2 years ago.and Rs. 4 and 5 without repetition. NSC and PPF. 3. 13 books were purchased from MN Distributors. then: (1) 0 ≤ x ≤ 4 (3) x ≤ -2 or x ≥ 3 (2) x ≤ 0 or x ≥ 4 (4) None of the above 54. Consider the volumes of the following objects and arrange them in decreasing order: i. In March 2011. the average age of three of them declines to 24.000/. 900/. 600/. Aniket and Animesh are two colleagues working in PQ Communications. What will be the average age of Sumita and Paramita 3 years from now? (1) 25 years (3) 27 years (2) 26 years (4) cannot be determined 51.000/respectively.ii.i (3) iv.com 48. 500/(4) None of the above 47. wide.ii (2) iv.3| ≥ 6. 1. A cylinder of radius 3 cm and length 3 cm iv.and Rs. It is observed that one-third of the savings made by Animesh in PPF is equal to one-half of his savings in NSC.during a certain period. 40. Animesh uses his entire savings in Public Provident Fund (PPF) and National Saving Certificates (NSC). (1) 19 (3) 13 (2) 17 (4) None of the above 50.IIFT 2011 45. The total number of ways in which this can be done is: (1) 220 (3) 240 1A. Find the first number. breadth 3 cm and height 4 cm ii. 10. 600/(2) Rs. Of these books. 10 (3) Rs. 12 (4) None of the above 49. If x satisfies the inequality |x – 1| + |x .and Rs.TestFunda. A five digit number divisible by 3 is to be formed using the numerals 0. Find the volume of the cylinder.15 (2) 600 (4) None of the above www. 15 (2) Rs. 50.000/(2) Rs. 90 and a gift M-PP-02 .000/after service of one year. A rectangular piece of paper is 22 cm. He served only 9 months and received the gift and Rs.iii. Find the value of the gift. (1) Rs. Aniket prefers to go for higher return opportunities. 20.ii.i (4) None of the above 53. It is observed that his investments in share market exceeds his savings in NSC and PPF by Rs. 25. 1. 2. Find the value of x from the following equation: Log103 + log10 (4x+1) = log10 (x+1) + 1 (1) 2/7 (3) 9/2 (2) 7/2 (4) None of the above 52. The product of the first three is 7429 and last three is 12673. one-fifth of Amita’s age was equal to one-fourth of the age of Sumita. and the average of their age was 27 years. EF Public Library purchased a total of 15 new books published in 2010 with a total expenditure of Rs. On the other hand. A parallelepiped of length 5 cm. An old lady engaged a domestic help on the condition that she would pay him Rs. Aniket distributes his investible funds in share market. If the age of Paramita is also considered. 15. It is observed that one-sixth of the average price of all the 15 books purchased is equal to one-fifth of the average price of the 13 books obtained from MN Distributors.and Rs. Of the two books obtained from UV Publishers. iii. if one-third of the price of one volume is equal to one-half of the price of the other. long and 10 cm. A sphere of radius 3 cm (1) iv.iii. (1) 175 cm3 (3) 185 cm3 (2) 180 cm3 (4) None of the above 46.iii. While Animesh is a risk-averse person. while the remaining two were purchased from UV Publishers. 000/. 4500.i.2| + |x . and each of them earned an investible surplus of Rs. A cylinder is formed by rolling the paper along its length. 20.

000/. The ratio of number of male and female journalists in a newspaper office is 5:4. He then gave 20 percent of the remaining amount to each of his two sons for investing in their M-PP-02 1A.IIFT 2011 55. A bag contains 8 red and 6 blue balls. Mr. The newspaper has two sections.00. the height of an arc is 21 cm and the diameter is 84 cm. while Mrs. 1.) in the newspaper is currently involved in sports reporting? (1) 65 percent (3) 70 percent (2) 60 percent (4) None of the above 56.00. Writtik and Kajol. each working 8 hours a day.com . and Mrs. Mr. He purchased a new vehicle with 40 percent of the money received. If 26 kg of Alloy ‘B’ and 14 kg of Alloy ‘A’ are mixed then find out the ratio of ‘metal 1’ and ‘metal 2’ in the new Alloy.TestFunda. and Mrs. political and sports. 8. What was the amount of his cash prize? (1) Rs. Gupta respectively at the time of Pratik’s birth? (1) 35 years. If 30 percent of the male journalists and 40 percent of the female journalists are covering political news. If 2.000/. 26 years (2) 30 years. (1) 3:2 (3) 2:3 (2) 2:5 (4) None of the above 59. Mr. find out the value of ‘e’. each man now working 9 hours per day? (1) 56 men (3) 46 men (2) 65 men (4) None of the above 57. How many additional men may be employed so that work may be completed on time. Pratik is 2 years elder to Writtik.(2) Rs. f and 65 form an arithmetic progression. what is the probability that 3 of them are red and 2 are blue? (1) 80/143 (3) 75/143 (2) 50/143 (4) None of the above 58. 2/5th of the work is finished. b. A contract is to be completed in 56 days and 104 men are set to work. In a circle.16 www. 21 years (3) 37 years. Thereafter. If 5 balls are drawn at random. After 30 days. One-fourth of the remaining amount was then used for purchasing a LCD TV and the remaining amount – Rs.000/(3) Rs. Gupta was 30 years of age when Kajol was born in Hyderabad. Sinha spent half of the remaining amount for renovation of his house. 9. then what were the ages of Mr.35. what percentage of the journalists (approx. 10. The ratio of ‘metal 1’ and ‘metal 2’ in Alloy ‘A’ is 3 :4. Sinha received a certain amount of money by winning a lottery contest. e. a. Gupta was 28 years of age when Writtik was born in Bangalore.(4) None of the above 61. all of whom were born in different cities. If Kajol was 5 years of age when Pratik was born in Mumbai.00. In Alloy ‘B’ same metals are mixed in the ratio 5:8. (1) 48 (3) 41 (2) 47 (4) None of the above business. d. Gupta have three children – Pratik. c. Find the chord of ‘half of the arc’ (1) 45 cm (3) 42 cm (2) 40 cm (4) None of the above 62. Mr. 28 years (4) None of the above 60.000/.was deposited in a bank.

Approximately negative growth of 49 percent (4) None of the above 65. 45 percent (4) None of the above 67.75 percent (4) None of the above 64.24 percent (3) 6. Approximately negative growth of 39 percent (2) March. The FDI figures are reported US$ Million. 40 percent (2) February. In which month Country XX’s Outward Investment to Singapore dropped most and what is the ‘month on month’ growth in that period? (1) April. 4000 3500 3075 3000 2568 2500 2000 1500 1000 500 0 Jan .TestFunda. In which month the share of Country XX’s total Outward Investment together in Singapore and UAE achieved the highest level and what is the value? (1) April.5 percent (3) Approximately 5.11 Others World 273 86 119 29 117 116 1211 2358 3701 3221 2628 1551 1378 227 741 686 378 157 125 44 615 142 286 30 May . 45 percent (3) March. Approximately negative growth of 49 percent (3) April. What is the compound average growth rate of Country XX’s overall Outward Investment during the period January 2011 and May 2011? (1) Approximately 6 percent (2) Approximately 3.30 percent (4) None of the above 66.11 1390 13337 70 a 63.com M-PP-02 .17 (2) UK (4) Others www.79 percent (2) 8.11 UAE Apr . which reports Country XX’s monthly Outward Investment flows to various countries and the World. Between February 2011 and April 2011.IIFT 2011 Section IV Direction for question 63 to 67: Answer the following questions based on the Diagram below.11 Singapore Mar . What is the share of Country XX’s Outward Investment together in USA and UK in February 2011 of its total investment in the world? (1) 7. to which country did Outward Investment from XX witness the highest decline? (1) Singapore (3) UAE 1A.11 USA UK Feb .

Identify the correct Statement: (1) GDP (at Factor Cost) expressed as a percentage of GNP (at Factor Cost) has increased consistently between 2004-05 and 2009-10. then over 2004-05 to 2009-10. (2) GDP (at Factor Cost) expressed as a percentage of GDP (at Market Prices) has increased consistently between 2004-05 and 2008-09. which reports certain data series from National Accounts Statistics of India at Current Prices. Crore C 744755 859410 1033410 1205464 1351795 1499601 Value of GDP (at Factor Cost) Rs. Value of GDP From Primary Sector (at Factor Cost) Rs. 72.70 percent to 56. (4) Contribution to GDP from Primary Sector (at Factor Cost) expressed as a percentage of GDP (at Factor Cost) has decreased consistently between 2004-05 and 2009-10. Had Gross Domestic Savings (GDS) between 2008-09 and 2009-10 increased by 30 percent. (2) Percentage change in GDP at Market Prices between 2008-09 and 2009-10.27 percent (2) 52. (4) Percentage change in Gross Domestic Capital Formation between 2008-09 and 2009-10.85 percent (4) None of the above 71. Crore F 2949089 3363505 3919007 4560910 5249163 6095230 Gross Domestic Capital Formation Rs. (3) Percentage change in Gross Domestic Savings between 2004-05 and 2005-06. If that be the case. Crore D 2971464 3389621 3952241 4581422 5282086 6133230 Value of GDP (at Market Prices) Rs. Mark the highest figure from the following: (1) Percentage change in GDP from Secondary sector (at Factor Cost) between 2006-07 and 2007-08. (1) 2008-09 and 2009-10 (2) 2006-07 and 2007-08 (3) 2007-08 and 2008-09 (4) 2005-06 and 2006-07 70. (3) Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) has increased consistently between 2004-05 and 2007-08. Crore G 1050703 1235288 1486044 1837498 1798347 2207423 68.86 percent to 54. The GDP is sum total of the contributions from primary sector.05 percent to 55.20 percent (3) 53.TestFunda.18 www.14 percent 69. M-PP-02 1A.04 percent to 55.70 percent (3) 35. The annual growth rate in the GNP series at factor cost was highest between.IIFT 2011 Direction for question 68-72: Answer the following questions based on the table below.83 percent (4) 52. Crore A 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 B 650454 732234 829771 961330 1067592 1243566 Value of GDP From Secondary (Manufacturing) Sector (at Factor Cost) Rs. then during 2009-10 GDS expressed as a percentage of GDP at market prices would have been: (1) 33. Crore H 1052232 1266245 1540749 1896563 1973535 2344179 Year Gross Domestic Savings Rs.com . the share of tertiary sector at factor cost in GDP has increased from: (1) 53. secondary sector and the tertiary sector. Crore E 3242209 3692485 4293672 4986426 5582623 6550271 Value of GNP (at Factor Cost) Rs.69 percent (2) 36.

0 3.9 2.5 6. global import share has remained unchanged only for five countries.4 6.6 4.6 0.9 1.5 0. global export share has remained unchanged only for two countries.7 0.1 1.8 21.6 0.4 4.5 1.1 0.3 2.5 26.5 7.3 32.6 0.1 6.19 74.3 2.8 9.4 1.4 3.8 2.8 Percentage Shares of selected countries in Global Imports Chemical Products 2000 43.5 0.4 1.7 1.9 Importing Countries EU (27) USA Canada China Thailand Malaysia India Mexico Japan South Korea Clothing Products 2000 41. (3) Between 2000 and 2009.0 4.6 2.0 15.com .6 8.2 14.3 3.8 34.0 4.1 0.0 13.5 3.1 49.3 6.3 0.4 8.1 3.1 5.3 0.3 5.0 4.2 3.2 3.6 EU (27) USA Canada China Thailand Malaysia India Mexico Japan South Korea 2009 2000 2009 2000 2009 2000 2009 30.9 10.3 2009 45.1 2.6 1.1 Automotive Products 2000 42.8 8.6 2009 48.2 2.4 4.9 15.2 2009 44.7 0.3 7.2 15.9 54.0 2.4 2.5 0.3 2.1 0.3 0. (2) Between 2000 and 2009.9 3. www.2 0.3 2.9 6.3 29.4 2.0 2009 13.5 0.2 5.8 2.9 0.7 53.0 11.9 6.4 2.1 73.7 0.2 4.5 4.1 3.1 0.2 6.4 2.9 1.7 0.8 29.7 16.9 0.2 11.2 0.0 Integrated Circuits and Electronic Components 2000 2009 22.0 0.7 1. Percentage Shares of selected countries in Global Exports Sectors Exporting Countries Clothing Products 2000 28.8 12.2 0.4 1.7 Office and Telecom Equipment 2000 33.9 10.1 1. Mark the correct statement: (1) Barring the exception of Integrated Circuits and Electronic Components.9 6.0 2.3 4.4 0.3 14.2 0.1 0.6 0.3 0.8 1.2 24.5 1.3 0.5 10.6 15.IIFT 2011 Direction for questions 73-78: Answer the following questions based on the table below.7 0.1 7.9 0.4 0.6 15.8 1.6 1.4 2.1 4.1 11.5 1.5 5.7 53.8 0.6 11.5 1.1 1.5 4.7 1.1 4.1 18.1 1.8 8.4 1.2 2.6 7.3 0.1 0.3 1.3 3.3 0.2 3.2 1.2 0.0 33.3 1.8 0.4 0.4 5.6 0. which reports global market share of Leading Exporting and Importing countries for Select Product groups.1 20.6 0.0 0.4 1.2 0.2 2.5 4.3 0.1 Chemical Products Automotive Products Office and Telecom Equipment Integrated Circuits and Electronic Components 2000 19.2 1.2 12.1 0.1 3.1 5.1 0.5 2.4 2.9 5. Identify the highest number: (1) Increase in Malaysia’s share in global Chemical Products export between 2000 and 2009 (2) Increase in India’s share in global Office and Telecom Equipment export between 2000 and 2009 (3) Increase in Mexico’s share in global Chemical Products export between 2000 and 2009 (4) Increase in Thailand’s share in global Integrated Circuits and Electronic Components export between 2000 and 2009 M-PP-02 1A. the share of the EU has increased in global import for all other product groups.8 2.3 4.0 4.5 21.6 0.4 1.6 1.9 0.3 2009 30.4 1.2 7.7 0.5 10.TestFunda.

77. EU. (iv) Asia. (iii) Asia. EU. North America. EU North America (iv) Asia. 76. (ii) EU. North America. Asia. (iii) Office and Telecom Equipment Products and (iv) Integrated Circuits and Electronic Components respectively. the increase in global import share in case of India has been highest for Chemical Products. North America. North America. (2) Japan’s global export share for Chemical Products between 2000 and 2009 has decreased by 30 percent. North America. North America.20 www. (iii) Asia. (iv) Asia EU. North America. North America. the rank of the country in terms of market share in 2009 would have been: (1) Sixth (3) Seventh (2) Eighth (4) None of the above (1) (i) EU.TestFunda. (ii) EU. North America. Then in terms of export market share for (i) Chemical Products. (3) (i) EU. Asia. (4) Malaysia’s global import share for Clothing Products between 2000 and 2009 has increased by 100 percent. (ii) EU. North America. EU and Asia. (ii) EU. (4) (i). EU. EU.com . North America. EU. (iv) Asia. between 2000 and 2009. Asia. (2) (i) Asia.IIFT 2011 (4) Among all reported product groups. Considering both global export and import market dynamics. EU. the continent-wise ranking in 2009 would be: M-PP-02 1A. North America. North America. If between 2000 and 2009. India’s export market share in Integrated Circuits and Electronic Components had increased by 600 percent. Asia. (ii) Automotive Products. China has witnessed highest percentage change in its market share between 2000 and 2009 in the following product groups: (1) Integrated Circuits and Electronic Components imports (2) Office and Telecom Equipment exports (3) Integrated Circuits and Electronic Components exports (4) Automotive Products imports 78. EU. North America. Asia. EU. Suppose the ten countries reported in the above table are arranged according to their continent: North America. (3) South Korea’s global export share for Integrated Circuits and Electronic Components between 2000 and 2009 has decreased by 6 percent. (iii) Asia. North America. Asia. Mark the false statement: (1) India’s global export share for Clothing Products between 2000 and 2009 has increased by 20 percent. (iii) Asia. Asia. 75.

c) Criteria (V) but can deposit at least Rs. Handloom (4) May be referred to the Director of Industry Direction for questions 82 and 83: Each of the questions below starts with a few statements. There is no problem submitting an environmental clearance. The firms must – I. However. Possess minimum asset worth Rs. Ramayan Enterprise is a textiles firm which possesses assets worth Rs. 1 lakh. followed by four conclusions numbered 1. It has got grade – A certificate and can submit an environment clearance certificate issued by the Pollution Control Board of the state. The firm agreed to deposit Rs.21 (1) Licence can be issued (2) Licence not to be issued (3) May be referred to the Development Commissioner. IV. Deposit the margin money of Rs. you have to decide which course of action should be taken against each firm. 50 lakhs and is located in Surat where no firm having any legal dispute is permitted to operate.TestFunda. even if it does not conform to the accepted facts. No legal case is there against it. Based on the above criteria and information provided on each of the firms in the questions below. M-PP-02 1A. Department of Industry of the state. It is ready to pay the required security amount and possesses assets of Rs. (1) Licence can be issued (2) Licence not to be issued (3) May be referred to the Development Commissioner. if the firm satisfies all the above mentioned criteria except: a) Criteria (I). Hirabhai Chamanlal is the owner of the firm as well as the President of State Handloom Association. II. (1) Licence can be issued (2) Licence not to be issued (3) May be referred to the Development Commissioner. Read the conclusions carefully and then decide which www. the firm will be given import licence only and the case may be referred to the Deputy Director. b) Criteria (IV). 50000.com . Have a Grade – ‘A’ certified unit for any products. It managed to get three guarantors with their personal IDs. 1 crore. Mahalaxmi Weaving Center is a traditional handloom production unit. the criteria for issuing of import / export licence to eligible business firms for the year 2011-12 were finalized as follows. Handloom (4) May be referred to Deputy Director of Industry 81. Submit an environment clearance certificate issued by the Pollution Control Board (PCB) of the state where the firm is located. V. It is also ready to deposit Rs. the case may be referred to the Director. VI.IIFT 2011 Section V Direction for questions 79 to 81: Read the following instructions and answer the questions. You have to consider every given statement as true. After the discussion at a high level meeting of government officers. 79. It has property worth more than Rs. as the same is already issued to it by the State Pollution Control Board. Department of Industry of the state. Handloom (DCH) of the state. but is a traditional handloom production unit. 1 lakh. Hence getting more than three guarantors with their IDs is not a problem. Arrange for three guarantors with their personal identity cards (IDs). 2. 1 lakh and give details of three guarantors with their personal details as required. Hirabhai Handlooms is a Vadodara based traditional Gujarati handloom firm keen to get an export licence. 3 and 4. the decision should be based on the information provided. Without assuming anything regarding any applicant firm. then the case may be referred to Development Commissioner. Not have any legal dispute case against it. but is a local employment provider / thread (input) supplier / cloth supplier. 55 lakhs. III. The firm possesses the environmental clearance certificate from the State Pollution Control Board after it was made mandatory for all handloom firms in the state. 40 lakhs. Handloom (4) May be referred to the Director of Industry 80.

_OPO_QOPQ_RQPO_POR_O (1) APRQO (3) QPROO (2) QPORO (4) None of the above Conclusions: (1) Only 1 and 2 follow (2) Only 1 and 3 follow (3) Either 1 or 4 follow (4) None of the above Direction for questions 84 and 85: Study the information given below carefully to answer the following questions. b. c. 86. 3. 3. In a certain code language the following lines written as – ‘lop eop aop fop’ means ‘Traders are above laws’ ‘fop cop bop gop’ means ‘Developers were above profitable’ ‘aop bop uop qop’ means ‘Developers stopped following traders’ ‘cop jop eop uop’ means ‘Following maps were laws’ 84. 4. 3 M % 2 N and N % 3 O. www. N @ P. All teachers are professors All professors are researchers All researchers are consultants Some consultants are teachers All professors are consultants Some researchers are teachers All professors are teachers 87. and 4 follow (3) Either 1 or 2 and 3 follow (4) None of the above 83. Some boys are scholars Some teachers are boys All scholars are observers Some scholars are boys Some scholars are not boys Some observers are boys Some teachers are scholars (2) ‘lop bop eop uop’ (3) ‘oup cop lop aop’ (4) None of the above 85.TestFunda. Choose the correct alternative. then: (1) O @ N (3) O $ N (2) O # N (4) None of the above Direction for questions 90 and 91: In each question given below. ‘qop gop cop eop’ would correctly mean: (1) Profitable laws were stopped (2) Developers stopped following laws (3) Traders were above profitable (4) None of the above Direction for questions 86 and 87: In each of the following letter series. some of the letters are missing. then: (1) O @ M (2) M # O (3) 2 O % M (4) None of the above 89. O @ M and N % M. P # O. You have to assume everything in the statement to be true.22 Direction for questions 88 and 89: In each of the following questions. ‘Developers are following laws’ would be correctly written as (1) ‘bop cop uop eop’ M-PP-02 1A. D_F_DEE_D_EF_DE_F (1) EFFDED (3) EFFDFE (2) EFFDDF (4) None of the above Conclusions: (1) 1. Statements: a. find the relationship that can definitely be deduced on the basis of the relations given. and then decide which of the three suggested courses of action logically follow(s). a statement is followed by three courses of action numbered 1. If it is given that. 2.com . If it is given that. 3. b. 4. 1. and 3 follow (2) 1. 82. c. 2 and 3. which are given below it.IIFT 2011 of the conclusion(s) logically follow(s) from the given statements. 1. Statements: a. 2. disregarding commonly known facts. The symbols used to define the relationship are as follows: @ means ‘greater than’ # means ‘less than’ $ means ‘not equal to’ % means ‘equal to’ 88.

Nuri is granddaughter of Mona and she supports Badminton. The people should be advised to go for drought resistant variety. The committee members are to be selected from five shortlisted professors (Prof. Prof. ii. The drought relief team should be ready for relief work. Statement: In a recent bulletin the Meteorological Department of India has forecasted severe drought in next cropping season which may cause failure of crops. Prakash and Sushil (4) None of the above M-PP-02 1A. ii. Ahuja. 92.IIFT 2011 90.com . Courses of action: i. Chakravarty. who likes Punjabi food. (1) Only (i) and (ii) follow (2) Only (ii) follows (3) Only (ii) and (iii) follow (4) None of the above Direction for questions 92-93: Read the following information carefully to answer the questions given below it. Prof. Only two couples are there in the family. supports Basketball. Ahuja and Sushil have to be together Prakash cannot be put with Ravi Prof. Identify the correct pair of two couples from the following: (1) Mona-Varun and Rakesh-Sonalika (2) Varun-Mona and Rakesh-Nuri (3) Rakesh-Sonalika and Tarun-Nuri (4) Cannot be determined 93. Queen. Ravi and Sushil). The forecast should be widely published in media. ii. Courses of action: i. Law on universal education and ban on child labour should be made rigorous. The person who likes egg supports Rugby and his wife likes traditional food. Some conditions for selection of the committee members are given below: i. (1) Only (i) and (ii) follow (2) Only (ii) and (iii) follow (3) Only (i) and (iii) follow (4) All follow 91. who are the other committee members? (1) Prof. Prof. iii. Banerjee. Prof. and what sport / game does he / she support? (1) Nuri and Badminton (2) Sonalika and horse riding (3) Tarun and Basketball (4) None of the above Direction for questions 94 to 95: Read the following paragraph and following conditions to answer the questions. iii. The Vice Chancellor of a University wants to select a team of five member organizing committee for the next convocation of the University to be held in March 2012. Mona is mother-in-law of Sonalika and she supports Athletics.TestFunda. Equbal have to be selected v. Prof. Who likes Punjabi food. Chakravarty. Statement: School dropout rate is very high in the rural areas as children support their parents in income earning activities. Das is one of the members of the committee. Sushil and Prakash (3) Prof. Das and Prof. Each member of the family has different food preference and they support different sports / games. Rakesh likes continental food and his wife neither likes dry fruits nor supports gymnastics. Compensation should be given to those parents whose children are in the school. Chakravarty. Ravi cannot be selected with Prof. Chakravarty and Prof. Ahuja. Prof. Nuri’s mother supports horse riding. Malhotra’s family is a traditional joint family from Jalandhar having six persons from three generations. Prakash and Queen (2) Prof. Prof. Das and Queen cannot go together Prof. Banerjee. Banerjee. Varun is grandfather of Tarun and Tarun. iii. Public awareness programme on primary education should be expanded immediately to educate parents. Equbal) and four short listed students (Prakash. Equbal. iv. 94. If two members of the committee are students and Prof.23 www. Mr. Banerjee.

Equbal and Sushil (2) Prof. Tripathy and Prof. Tripathy and Prof. Tripathy and Prof. Prof. If the word ‘EXAMINATION’ is coded as 56149512965. Purohit (4) None of the above 99.24 www. Usman’s flat. Equbal. Prof. Sawant’s flat. Tripathy (4) None of the above M-PP-02 1A. Sawant and Prof. It has six flats on a floor in two rows facing North and South which are allotted to Prof. Tripathy’s flat is North facing. Usman? (1) Prof. whose flat will be next to that of Prof. Prof. Rathor. Purohit are interchanged. then the word ‘GOVERNMENT’ is coded as: (1) 7645954552 (3) 7645965426 (2) 7654694562 (4) 7654964526 97. In case Prof. Chakravarty are members. Which of the following professors get South facing flats? (1) Prof. Usman (2) Prof.com . Purohit (3) Prof. then the word ‘MONKEY’ is coded as: (1) 11141216425 (3) 12151411325 (2) 12141310424 (4) 12151210424 Direction for questions 98 and 99: Read the following information carefully and mark the correct answer to the questions given below Sampada Apartment is a housing society formed by a group of professors of a University. Prof. Qureshi. 98. Usman. In a certain code language ‘HORSE’ is written as 71417184. Prof. Rathor gets a south facing flat which is next to Prof.TestFunda. Sawant (2) Prof. If the flats of Prof. Rathor (3) Prof. who are the other members who cannot be selected for the committee? (1) Prof. Ahuja and Prof. Usman. Sawant. Banerjee. Prof. Prof. Rathor and Prof. Qureshi. Usman get their flats which are diagonally opposite to each other. Tripathy and Prof. Prof. Sushil and Prakash (3) Prof. Equbal. Prakash and Queen (4) None of the above 96. Prof. Prof. Purohit. Prof.IIFT 2011 95. Usman. Prof. Qureshi gets a North facing flat and it is not next to Prof.

Who did declare. Which of the following rivers do not flow across Uttarakhand? (1) Bhagirathi and Ganga (2) Ramaganga and Yamuna 103. c. d-ii (3) a-iv. c-iv-3. The upper classes are physically and morally dead’’? (1) Gopalkrishna Gokhale (2) Bal Gangadhar Tilak (3) Mahatma Gandhi (4) Swami Vivekananda 109. Viagra Tylenol Tamiflu Brufen i. b-iv. Manufacturer Roche Pfizer Johnson & Johnson Abbott Laboratories 101. Who won the 2011 FIFA Women’s World Cup Final? (1) Sweden (3) USA (2) Japan (4) France 105. d-ii-1 107. c-ii. iv.25 www. ii. Bhagwan Dass Annie Besant Bharat Muni Bhavabhuti i. b-i. iii. c-i. A. 4. b-ii. c-iii. c. iv. d-iii (3) a-ii. Identify the correct match for the Personality with what he/she is known for: Personality a. c-iv. Which of the following is a space mission by ISRO? (1) SROSS-C2 (3) SAMPEX (2) QuickSeat (4) Stardust (1) a-i-4. c-iv. c-iv. b. Brand of Vests Amul Macho Dollar Club MacroMan GenX (1) a-ii. b-ii. ‘’The only hope for India is from the masses. d-ii 102. Hrithik Roshan Saif Ali Khan Neil Nitin Mukesh Akshay Kumar i. c-iv-1. b-iii. d-iii M-PP-02 1A. b. In the table below. b-i. 2. Elzie Crisler Segar is best known as the creator of the cartoon character of _____________. iv. Canada? (1) British Commonwealth Games (2) British Empire and Commonwealth Games (3) British Empire Games (4) Queen’s Empire games 108. c-iii. d-ii-4 (4) a-i-4. d-iv (4) a-i.TestFunda. c. b-i. b. Match the correct Celebrity Endorser with the Brand of Vests: Celebrity Endorser a. d. d-ii-4 (3) a-iii-1: b-i-2. iii. d. c-iii. ii. Known for Bharat Ratna Theosophical Society Natya Shastra Malatimadhava (1) a-i. By what name were the Commonwealth games known when they were first held in 1930 in Ontario. iii. P. Which book among the following is not written by Dr. d-i (4) a-iii. d-iv (2) a-iii: b-i. match the correct Trade Name of medicine with its Generic Name and the name of the pharmaceutical company that manufactures it: Trade Name a. Generic Name Acetaminophen Ibuprofen Sildenafil Citrate Oseltamivir 1. Abdul Kalam? (1) Wings of Fire (2) India in the New Millennium (3) India My Dream (4) Envisioning an Empowered Nation 106. b-ii-3. ii.com .IIFT 2011 Section VI 100. (1) Garfield (3) Scooby Doo (2) Popeye (4) Blondie 104. d-iv (2) a-ii. c-iii-2. d-iv-1 (2) a-iii-2: b-i-3. 3. J. d. c-iii-2. b-iv-3.

Oprah Winfrey (3) A. c-i-4. c-iii-4. c-iv. Argentina Ethiopia Turkmenistan Yemen i. c-iv. (3) In 1999. c-iv-4. b-iii-1. MNREGS JNNURM RHM IAY i. b-i-3. c-iv. iv. Dilma Rousseff (1) A. Michelle Obama. Angela Merkel C. and the runner-up was Albert Einstein. b-iii. c-i-1. c. States Goa Kerala Orissa Punjab (1) He was chosen for the Nobel Peace Prize in 1948. but because of his unfortunate assassination. Which of the following facts is not true about Mahatma Gandhi? M-PP-02 . b-iv. d-ii (3) a-iii: b-i. Ministry of Rural Development Panchayati Raj Urban Development Health & Family Welfare (1) a-i. d. Dilma Rousseff 1A. iv. Indira Nooyi www. d. (2) Time magazine named him the “Man of the Year” in 1930. the Peace Prize was not awarded that year. d-iii (3) a-i. d-iv (2) a-ii. because he refused to move to a third class coach while holding a first class ticket.26 B. d-iv-4 113. c-iv. Taiwan 112. Angela Merkel D. Indian Rupee received a unique symbol " " which blends the scripts of ___________ (1) Devanagari and Palli (2) Sanskrit and Roman (3) Devanagari and Roman (4)None of the above 114. Dilma Rousseff (4) A. c-iii. Irene Rosenfeld D.TestFunda. Hillary Clintion C. Vatican City (4) Vatican City. iii. d.IIFT 2011 (3) Gandak and Gomti (4) Tons and Tilak 110. b-iii. d-iii (2) a-i. Yemen. Capital City Ashgabat Buenos Aires Addis Ababa Sana Currency 1. Angela Merkel C. Hillary Clinton D. d-i 111. Irene Rosenfeld. Given below are names of select personalities who have been recently rated among the most powerful women of the world by Forbes. d-i 116. c. he was declared the “Person of the Century” by the Time magazine. Hillary Clinton. d-iv-2 (4) a-ii-2. Oprah Winfrey. b. Which of the following group of countries is not member of the United Nations? (1) Taiwan. c. Oprah Winfrey B. Hillary Clinton D. iii. b. ii. Turkish Cyprus. -2. d-ii (4) a-iii. b. Mark the correct match of Public Programmes with the Ministry: Public Programmes a. b-ii. b-iv. 115. Turkish Cyprus (3) Tunisia. Identify the option that ranks them in the right order (from 1 to 4) as they are ranked in the Forbes list of the world’s 100 most powerful women in 2011: Angela Merkel. b-iii-3. Match the correct Country with its Capital City and Currency: Country a.com (1) a-iv-2. c-i. ii. b-ii. b-ii. Identify the correct match of the Folk Dances and States given below: Folk Dances a. d-ii (4) a-ii. d-ii-1 (2) a-ii. Birr Rial Peso Manat (1) a-i. 2. 3. ii. Vatican City. Turkish Cyprus. 4. c-iii. Indira Nooyi. b-iii-1. iii. c-iv. d-i-3 (3) a-ii-3. (4) He was shoved out a train in 1893 in Pietermaritzburg in KwaZulu Natal province of South Africa. Michelle Obama C. Dhalo Ghoomra Gidda Thullal i. iv. Dilma Rousseff B. Tunisia (2) Tunisia. Michelle Obama (2) A. Indira Nooyi B.

d-i (2) a-iii. b-iv-2. Match the correct name of the Film with its Lead Actor and Director: Film a. (3) Samsung Electronics Co. d-iii-2 (3) a-i-2. d-iii 119. b. (3) Foreign shareholding in the new bank shall not exceed 5% for the first 5 years... d-ii-4 (2) a-ii-4.27 www.K. 118.. iv. Chimei Innolux Corp. Samsung Electronics. Lead Actor Russell Crowe Colin Firth Leonardo Di Caprio Ben Kingsley Director 1. b. iv. 500 crores from the beginning. c-ii. M-PP-02 1A. c-i. ii.IIFT 2011 117. c-ii-1. b-i-3. 4. iii. 3. Hari Narayan Ramesh Abhishek Milind Barve U. d. Which of the following group of companies have agreed to merge their Liquid-Crystal Display business as at August 2011? (1) Sony Corp. (1) a-iv. c. c. d.. b-i-3. ii. d-ii (3) a-iii. c-iv-1. b-iii. b-ii-1. 2. Match the correct name of the Regulator / Association with the name of its Chairman (as on 31st August 2011): Regulator / Association Securities and Exchange Board of India Forward Markets Commission Insurance and Regulatory Development Authority Association of Mutual Funds of India Chairman's Name i. b-i. d-iii-4 (4) a-iii-4. b-iv.. (4) Groups having 10% or more income or assets or both from real estate construction or broking business or both in last 3 years will not be eligible.. The Aviator A Beautiful Mind Gandhi The King's Speech i. (2) Only credible groups with 10 years track record will be eligible to set up banks.. Hitachi Ltd. c-iv-3. (4) Samsung Electronics Co. d-ii (4) a-iv. c-i. c-iv-1.TestFunda. d-i-3 a. Chimei Innolux Corp. b-ii. Richard Attenborough Martin Scorsese Ron Howard Tom Hooper (1) a-iii-2. c-iv. (2) Sony Corp. Sinha 120. Hitachi Ltd. Which of the following is not an eligibility condition placed in the ‘Draft Guidelines for Licensing of New Banks in the Private Sector’ issued by the Reserve Bank of India on 29 th August 2011? (1) New banks must have a minimum capital of Rs.com . J. iii. Toshiba Corp. Toshiba Corp. LG Electronics Co.

4 3 1 2 1 1 4 3 4 3 1 4 3 2 3 1 Section V Q. 3 1 2 1 4 2 1 3 4 3 1 4 3 1 3 4 4 1 2 3 1 Section VI Q. 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Ans. 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 Ans. 2 2 1 2 1 2 2 3 4 3 2 4 3 3 3 4 4 3 4 2 1 .Answer Key Section I Q. 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Ans. 2 2 4 1 3 3 4 3 2 1 2 4 2 1 2 4 2 1 4 3 1 1 1 3 Section IV Q. 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 Ans. 3 1 2 4 2 4 1 4 3 2 1 3 4 3 4 3 4 3 3 2 1 4 2 Section III Q. 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 Ans. 2 1 3 4 3 2 4 2 4 2 2 2 3 4 3 Section II Q. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Ans.

Option 2 is stated in Para 3. (Para 6) Option 2 is the opposite of what is mentioned in Para 5 and the same paragraph support option 3. Option 1 contradicts paragraph 7. Option 3 is incorrect from the first few lines of Para 2.1 www. 2 and 4 can be inferred from Paras 6. Options 1. (Para 4). (Rs. Thus option 2 is also true. The answer is found in Para 5: paying someone to not fight a case for the other side. Hence.” Option 4 can be inferred from the last line of the penultimate paragraph. the correct answer is option 2. Option 3 and 4 are different from what is stated in Para 6. Hence. (Para 7) Hence. since paragraph 5 lists banks which fall under the current global league tables. Mclean's company Pan Atlantic was based in New Jersey.TestFunda. Option 3 with ‘cannot be global’ is too harsh. Option 4 is correct from Para 5. Also. Option 4 is the opposite of what is mentioned in Para 9. 12. Option 4 finds support from Para 6. This match the column is based on the last para. it does not suggest that Indian banks should not go for global inorganic expansion. 10. Hence. option 4 (Para 7) Hence. “ … the Indian banking system has not consolidated in the manner envisioned by the Narasimham Committee. Option 2 should have many instead of few (Para 6). the author mentions ‘our view’ on bank consolidation and merely states that “the Reserve Bank's role in the reorganization of the banking system will normally be only that of a facilitator. the correct answer is option 3. Option 1 is the opposite of what is stated in Para 3. Hence. Option 3 is untrue. (Para 6) Option 4 should have cranes instead of trucks. Option 2 misconstrues what has been mentioned in paragraph 6. (Para 7) Option 2 is correct as given in Para 5. 2 and 5 respectively. Hence. Hence. the correct answer is option 4. Hence. which mentions the risks in relation to the pause in overseas 2.” There is nothing to indicate that this role has been envisaged by the RBI for itself.” Option 4 is incorrect. the correct answer is option 2. 14. the correct answer is option 3. Thus option 1 is true. 11. 9. The other options are correct based on the passage: option 2 (Para 6). (Para 7) And. 7. since the passage merely states that “it is unlikely that any of our banks will jump into the top ten of the global league even after reasonable consolidation. Hence. FMB (Federal Maritime Board) was responsible for standardization. 5. the correct answer is option 4. 2 and 3 respectively. the correct answer is option 2. Option 1 should say two-stage instead of three-stage. Hence. the correct answer is option 2.000 per year). Option 1 says "imports in general" rather than US imports. Grace Line used 17-foot containers that were easier to truck around mountain roads. since it states that the Reserve bank of India envisages a role of facilitator ‘for itself’. the correct answer is option 1. 50. the others options can be eliminated. Paragraph 6 urges banks to “look inwards” and “focus on financial deepening at home”. the correct answer is option 2. 3 and 7 respectively. There is nothing in the passage to support option 2. 13.1B 1. making option 1 incorrect. the correct answer is option 4. Paragraph 3 explains the negative side to consolidation – that it may fail if there is no compatibility in the business cultures. 8. Option 4 can be inferred from paragraph 7. M-PP-02 1B. 2 and 3 are mentioned in Paras 9. the correct answer is option 4. 3. Option 1 with ‘should not go for global inorganic expansion’ is incorrect. This means that there is indeed scope to do so. Option 3 has been mentioned in the first paragraph. However. Options 1 and 3 find support from Para 5. Option 1. among other reasons. 2 and 3 are different from what is stated in Para 5.com . In the second paragraph. the correct answer is option 2. the correct answer is option 3. SOLUTIONS IIFT 2011 Hence. Option 2 is the correct meaning of pro bono. (d-i) (Para 6 and 7) With this. Hence. Paragraph 3 states that one of the positive aspects to bank consolidation through mergers is a “higher exposure threshold”. 15. 6. The technology did not get adopted immediately. Options 1. 4. option 3(Para 1). (Para 1) Option 3 says "imports" rather than "moving equipment to Western Europe". Hence.

In sentence 1 the word to be used is “censure” meaning ‘an official reprimand’. moved. the correct answer is option 4. 18. It requires a subject. immature Hence. When a verb follows “Neither…nor” it takes the number of the noun/pronoun following “nor”. An interesting aspect here is that the M-PP-02 1B. 28. or accounted for Hence. if this is to be used. Hence. option 2 has the right construction to fit into the blank. The meanings of the words are as follows: Predilection – Partiality Evanescence – Vanish Zephyr – A gentle.IIFT 2011 expansion with the onset of the global crisis. the correct answer is option 4. “Censur” Is not a meaningful word. Hence. the correct answer is option 1. the verb in part C should be “was” and not “were”. the correct answer is option 4. where ‘it’ stands for the ‘short holiday’. to deceive Inchoate – Undeveloped.TestFunda. the sentence would be without a main clause. the correct answer is option 4. “That the first map” makes the sentence a subordinate clause. Option 3 with “a first map” renders it inadequate as an option. In sentence 2. Hence. 29. 24. Its antonym is “serious”. Only statement 'c' satisfies that condition. vegetables. “censor” meaning ‘an official or official body who examines materials (as publications or films) for objectionable matter’. or makes perfect. Hence. Between options 2 and 4. ‘being’ is inadequate to begin with. Its antonym is “bright”..not to be persuaded. In option 4. respect. In this paragraph completion question. Between options 2 and 4. the correct answer is option 2. on the other hand. Option 1 with “It” makes no sense as the paragraph continues with “. The meanings of the words are as follows: Horticulture .’ Other parts of the sentence are correct. “Compliment” is an expression of esteem.com . 25. What is required in the blank space is something concrete and descriptive. relating to. mild breeze Diaphanous – Completely transparent and translucent Fatuous – Inane Hence. “than attended the last one”.incapable of being explained. and trimming trees or shrubs into odd or ornamental shapes Hence.’ This rules out option 1 and option 3.a potted plant (as a tree) dwarfed (as by pruning) and trained to an artistic shape Pruning . 27. the first sentence mentions forests being gifts from nature and the last sentence mentions man ruthlessly destroying forests. option 4 is the better option. Hence. 21. Hence. completes. 16. One refers to people in ‘number’ and not in ‘amount’. Tenebrous means to ‘shut off from the light. 23. the correct answer is option 1. the correct answer is option 3. The meanings of the words are as follows: Inexorable . Risible means ‘capable of laughing or disposed to laugh’. is something that fills up. talks about ‘those people who attended the concert. Hence. 17. the main sentences talk about the positives of discipline. 22.of. Hence. ineffective person Chicanery – to trick. You may paraphrase: ‘As it was a short holiday…. interpreted. the correct answer is option 3. Look at the options carefully.to cut off or cut back parts of for better shape or more fruitful growth Topiary . hard to understand’.incapable of error Impregnable – unconquerable Inexplicable . or admiration. The meanings of the words are as follows: Perspicacity – keenness of mental perception Uxorious – Doting upon wife Nebbish – Insignificant. Complement. thus making it incorrect. the correct answer is option 2 19. especially: an admiring remark. the correct answer is option 1. The word to precede ‘than’ should be people as the latter part of the sentence.the science and art of growing fruits.2 www. the noun following “nor” is ‘assistant’ which is singular in form. or ornamental plants Bonsai . Hence. Both statements 'a' and 'b' mention the drawbacks of discipline and hence cannot be the intermediate sentences. or being the practice or art of training. or stopped Infallible . 26. In part A of question 17. cutting. Hence. Hence the intermediate sentence needs to continue (and not deviate from) talking about the importance/ virtues of discipline. 20. The words are interchanged in the sentences. the correct answer is option 3. In this case. Hence.was a map”. affection. flowers. In this paragraph completion question. the correct answer is option 3. the correct answer is option 2. The phrase “It being” is required in this sentence.

Hence.3 www. the correct answer is option 4.3.5 × 60 = 21 × 7. This means that Mandeep would travel 60m in 12s. 40. Hence. the correct answer is option 3. Although very tempting. The only sequence which makes sense with the first and the last parts is 'sqrp'.com . Sujoy invested Rs. Remaining 90% of the profit is distributed among the friends in the line with their contribution. Jagdeep defeated Mandeep in a 1000m race by 60m or 12s. This means that the intermediate sentence needs to continue stating the positives of forest before the tone of the sentence changes.6. and Paranjoy invested Rs. ∴ l + v + 70 = 210 ∴ l + v = 140 … (i) M-PP-02 1B. All the options except 'the sound of music' have a contradictory hue to them. 35. 31. An Oxymoron is a rhetorical figure of speech where incongruous.000 for 12 months. Only sequence 4. Hence. Mritunjoy’s and Paranjoy’s investments are in the ratio 35000 × 12 : 130000 × 6 : 75000 × 8 ≡ 7 : 13 : 10 ∴ Hence.000 for 8 months. Only sequence 6. Hence. 'whether' is a better fit. option 2. in 60 days = (12 + 9) × 7.it is more to do with military operations or while reprimanding someone. 39. statement 'a' begins with the vast Sahara desert of today.30. ∴ 18 boys ≡ 9 men Work done by 12 men and 18 boys. (21 + a/2) × 9 × 50 = 2 × 21 × 7. 36. A man is able to perform the work equal to the same done by 2 boys. 38. Hence.IIFT 2011 concluding statement starts with the word 'yet'. 75. 37. the correct answer is option 2. 32. 41.5 × 60 man hours As the facility in Harigarh is twice that in Bilaspur. Hence. the correct answer is option 1. Hence.000 for 6 months. option 4. the correct answer is option 3. 9. 5 makes a meaningful word. ∴ Mandeep’s speed = 5 m/s ∴ Mandeep covered 1000m in 1000/5 = 200s ∴ Jagdeep covered 1000m in 200 – 12 = 188s ∴ Jagdeep covered 250m in 47s. ∴ ∴ Hence. The correct spelling is Septuagenarian which means a person in his Seventies.both 'if' and 'whether' would fit in. man hours required to build health facility in Harigarh = 2 × 21 × 7. Let Romit score l and v marks in Logical Analysis and Verbal English respectively. option 2. If we consider this statement in the answer – it nullifies the presence of 'yet' in the last statement. the correct answer is option 4. ∴ we have.5 × 60 Let a boys be required to complete the work in 50 days. The word 'command' is not usually associated with teachers. the correct answer is option 2. 1. contradictory terms are combined. working 9 hours a day. 'Ex libirus' is 'from the books' and in situ matches 'in its original place'. Both statements 'b' and 'c' satisfy this condition. 30. the correct answer is option 3. Considering that the question is about asking her whether she is coming or not (and not about uncertainty – if she is coming at all). option 3. working 7.5 × 60 ∴ a = 42 Hence. 10. Sujoy receives 10% of the profit for his efforts. Only 'Overhead' makes a meaningful word. option 1. 7. Now. Hence.TestFunda. Hence. In this question. 33.7. 'Circa' matches 'approximately' and 'ad nauseum' to 'something which is repeated and hence is boring'.5. the correct answer is option 3. Hence. 2. 34. The word 'instruct' fits in better with teachers rather than 'command' – hence 'urge' is a better fit. 4. the correct answer is option 4. 8. Hence.5 hours a day. ∴ Sujoy’s. 35. 3.1. Mritunjoy invested Rs. Hence.2 makes a logical sequence. 44. 1. The direct to indirect ones are a little tricky and expect the test taker to have a firm grip on the fundamentals.

log10 3 + log10 (4x + 1) = log10 (x + 1) + 1 ∴ log10 3 + log10 (4x + 1) – log10 (x + 1) = 1 ∴ log10 [3(4x + 1)/(x + 1)] = 1 ∴ (12x + 3)/(x + 1) = 10 ∴ x = 7/2 Hence. and v = 50 Hence. x in PPF. Let Animesh invest Rs. Amita a a–2 Sumita s s–2 Paramita p p–2 ∴ p = 20 ∴ Average age of Sumita and Paramita 3 years from now = (s + p + 6)/2 = 26 years. iii. option 1. Case II: (1 ≤ x ≤ 2) In this case. x – 2 and x – 3 all are negative.com . total value to be paid to domestic help for one year = 90 + x ∴ Value of domestic help for 9 months = 3/4 × (90 + x) ∴ 65 + x = 3/4 × (90 + x) ∴ x = 10 Hence.IIFT 2011 Solving i and ii. b in NSC. |x – 1| + |x – 2| + |x – 3| ≥ 6 Now. Hence. 10000 Hence. (x + 40000) in shares and Rs. circumference of cylinder = 22 ∴ 2πr = 22 ∴ r = 7/2 ∴ Hence. 49. 46. ∴ 4a = 5s – 2 … (i) ∴ a + s = 58 … (ii) Solving (i) and (ii). option 2. ∴ He invests Rs. i. Also. 52. ii. ∴ |x – 1| + |x – 2| + |x – 3| = 1 – x + 2 – x + 3 – x = 6 – 3x ≥ 6 ∴ x ≤ 0. ∴ 300/6 = a/5 ∴ a = 250 ∴ Price of books purchased from MN distributirs = 250 × 13 = 3250 ∴ Price of books purchased from UV Publishers = 4500 – 3250 = Rs. y. 60000 ∴ Difference = Rs. option 4. option 4. a + b = 150000 ∴ 5b/2 = 150000 ∴ b = 60000 Let Aniket invest Rs. l = 90. 50. iii. iv. 7429 = 17 × 19 × 23 17. required difference = 70 – 50 = 20 Hence. Hence. 48. only x – 2. x and Rs. 53. option 3. Hence. consider the following cases. Hence. first number = 17 Hence. (x + 20000) in NSC. 50000 Animesh’s investment in NSC = Rs.4 www. a = 32 and s = 26 Case I: (x < 1) In this case. i.TestFunda. Average price of 15 books = 4500/15 = Rs. ∴ x/3 = y/2 As x + y = 1250 ∴ x = 750 and y = 500 Hence. 12673 = 19 × 23 × 29 Hence. option 1. Let the price of the gift be x. which is possible. 1250 Let the two books purchased from UV publishers cost Rs. ii. Volume of parallelepiped = 5 × 4 × 3 = 60 cm3 Volume of cube = 4 × 4 × 4 = 64 cm3 Volume of cylinder = πr2h = 27π > 81 cm3 Volume of sphere = 4/3 × πr3 = 36π cm3 > 81 cm3 ∴ Required order is iv. option 3. ∴ Also. Also. option 2. Cylinder is formed by rolling the paper along its length. x – 1. 19 and 23 are consecutive primes. 47. we get. M-PP-02 1B. Current age Age. x + x + 40000 + x + 20000 = 150000 ∴ x = 30000 ∴ Aniket’s investment in NSC = Rs. 51. a in PPF and Rs. and x – 3 are negative. two years ago By conditions. 45. 300 Let the average price of 13 books purchased from MN distributors be a. option 2.

65 is the eighth term of the AP. Hence. Case III: (2 ≤ x ≤ 3) In this case. ∴ Hence. 5 balls can be drawn in 14C5 ways. option 4. 4 and 5. Sinha received Rs. Out of these 5 balls. Hence. ∴ Mr. he is left with Rs. Work done by 104 men. Mrs. 2. 30% of males and 40% of females cover politics.com . ∴ Remaining work. ∴ (90 – 15 – 16) = 59 cover sports news. he is left with Rs. 18. option 2. OC ⊥ AB and OC = AO/2. Case i: 0 is included. option 4. 10. 55.000 Hence. ∴ Angle subtended by the arc AB = 2 × 60 = 120° ∴ Angle subtended by half the arc is 60° ∴ Triangle formed by the chord of ‘half the arc’ and two radii is equilateral.00. 59. 2. ∴ There are 50 males and 40 female journalists. 60. Number of five digit numbers = 5 × 4 × 3 × 2 × 1 = 120 ∴ Required count = 120 + 96 = 216 Hence. Gupta was 28 years old when Writtik was born. ∴ (104 + a) × 9 × (56 – 30) = 104 × 4 × 90 ∴ a = 56 Hence. which is 3/5th of the total work 58. Gupta was 28 – 2 = 26 years old when Pratik was born. After purchasing a vehicle he was left with Rs.IIFT 2011 Hence. Without loss of generality. Hence there is no solution in this range.5 www. The five digit number will either have 0 or it will not have 0. working 8 hours a day. the required range is x ≤ 0 and x ≥ 4 Hence. option 3. all are positive. this corresponds to Rs. (3 × 18/4) = 54/4 Now. |x – 1| + |x – 2| + |x – 3| = x – 1 + x – 2 + 3 – x =x≥6 This also is not possible. Hence. Now. M A 42 N 42 21 C 21 O B As. ∴ r=9 e is the sixth term. option 2. 4. Now. Hence. 60. After spending on the LCD. 3 will be red in 8C3 × 6C2 ways ∴ Hence. Let a more men be employed to complete this work. the five digits should be 1. Mr Gupta was 30 years old when Kajol was born. only x – 3 is negative. 3. 5 (as the number has to be divisible by 3) The count of five-digit numbers = 4 × 4 × 3 × 2 × 1 = 96 Case ii: 0 is excluded. in 30 days = 104 × 8 × 30 man hours. The five digits must be 0. ∴ 15 males and 16 females cover politics. This is 2/5th of the total work.6 × 60 = Rs. In this case. Hence. ∴ 2 + (8 – 1)r = 65. Mrs. where r is the common difference. 100 from the lottery. option 1. ∴ e = 2 + 5(9) = 47 Hence. 1. option 1. M-PP-02 1B. 56. As Pratik is 2 years older than Writtk. we can assume that Mr. Case IV: (x ≥ 3) In this case. length of chord AM = 42 cm Hence. 54. Kajol is 5 years older than Pratik. After giving 20% of the remaining to each of the sons. he was left with 0.TestFunda. The given scenario can be depicted in the diagram below. 57. |x – 1| + |x – 2| + |x – 3| = 3x – 6 ≥ 6 ∴x≥4 This is possible. option 1. option 1. Let there be 90 journalists in all. ΔAOC is a 30-60-90 triangle. 36 After spending half of the remaining amount on renovation. 135000 ∴ The original amount = 135000 × 100/(54/4) = Rs. |x – 1| + |x – 2| + |x – 3| = x – 1 + 2 – x + 3 – x =4–x≥6 ∴ x ≤ –2 This is not possible. 61. Gupta was 35 years old when Pratik was born.

74 % Hence.Initial)(1/No. there will be 3/7 × 14 = 6 kg of metal 1 and 4/7 × 14 = 8 kg of metal 2.09 2009 . Required percentage for: Option 1: (378 + 157)/1390 × 100 = 38. 66. Hence. option 3.81% Option 3: (227 – 157)/227 × 100 = 30.98 i. option 1.48% Option 2: (1211 + 227)/3221 × 100 = 44. Required share = (116 + 117)/3221 × 100 = 7. 68. option 4. The GDP from Primary and Secondary sectors and the overall GDP is given. GDP from secondary sector in 2006-07 = 1033410 GDP from secondary sector in 2007-08 = 1205464 GDP at market price in 2008-09 = 5582623 GDP at market price in 2009-10 = 6550271 M-PP-02 1B. Hence. of periods) – 1] × 100 So. Ratio of metal 1 and metal 2 in alloy A = 3 : 4 In 14 kg. alloy B contains 10 kg and 16 kg of metal 1 and metal 2 respectively. 49% Hence. 64.77 Hence. option 1. 7.TestFunda.1 This when expressed as a percentage of GDP (for the year 2009-10) at market prices would have been: Hence. option 3. negative growth in March = (741 – 1221)/741 × 100 = –39. 70.08 2008 .24% Hence.23 ≈. option 2. GDP from tertiary sector in 2004-05 is [2971464 – (650454 + 744755)] = 1576255 GDP from tertiary sector in 2009-10 is [6133230 – (1243566 + 1499601) = 3390063 By observing the options. 69. CAGR = [(Final . ∴ Metal 1 content in final mixture = 6 + 10 = 16 kg Metal 2 content in final mixture = 8 + 16 = 24 kg ∴ Required ratio = 16 : 24 ≡ 2 : 3 Hence.07 2007 . we can find out the GDP from the tertiary sector.31% Negative growth in April = (378 – 741)/378 × 100 = 48.06 2006 . 67. The gross domestic savings for the year 2008-09 is 1798347 If it had increased by 30%. Singapore has highest decline.IIFT 2011 62. Hence. then the gross domestic savings for the year 2009-10 would have become 1798347 × 1. Outward investment to Singapore in Feb = 1221 Outward investment to Singapore in March = 741 Outward investment to Singapore in April = 378 So.3 = 2337851.78% Option 2: (117 – 40)/117 × 100 = 65. option 3. CAGR = (3701/3075)1/4 – 1] × 100 = 4. Required decline for: Option 1: (1211 – 378)/1211 × 100 = 68.83% Option 4: (1551 – 686)/1551 × 100 = 55. From the given data.06.39% Option 2 is the closest. Share of tertiary sector at factor cost in GDP for 200910 is Only option A has 55.com . 71.10 GNP series(at factor cost) 3363505 3919007 4560910 5249163 6095230 Annual growth rate for the year 2005-06 to 2006-07 is Annual growth rate for the year 2006-07 to 2007-08 is Annual growth rate for the year 2007-08 to 2008-09 is Annual growth rate for the year 2008-09 to 2009-10 is We can see that the annual growth rate in the GNP series at factor cost was highest between 2005 .64% Option 3: (741 + 70)/2358 × 100 = 34. 65. option 4. option 1. GNP series at factor cost for all the years provided in the options is as follows: Year 2005 . we can see that the percentage values for 2004-05 is extremely close for two options and hence we will calculate the percentage value for the year 2009-10 to begin with.6 www. Similarly.27 percent in it and so it is the correct option. Hence. 63.e.

346101 2007 .01 Thus option 1 is incorrect. options 1 and 4 are both incorrect.2189 0. it can be inferred that the required increase is asked in terms of the increase in percentage points rather than the percentage increase. option 3.1 = 0. 74.007 which is less than 1. we can see that for the year 2005-06 is the ratio of GDP (at factor cost) to that of GNP is 3389621/3363505.9204 If we observe the rest of the data for the GDP (at factor cost) and that of GDP (at market price). option 1. Therefore. 73. option 4.01 If we observe the rest of the data for GDP at factor cost and GNP for the rest of the years. 72. Here.07 1486044 4293679 0.202116 0. The ratio of Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) for 2008 . Thus option 4 is incorrect.com .2 Mexico: Global Chemical Products export = 0.4 = 0.05 2005 . Hence.3 India: Global Office and Telecom Equipment export = 0.06 2006 .06 1266245 3692485 0.202759 We can see that the percentage change in Gross Domestic Capital Formation between 2008-09 and 2009-10 is the highest among the given options.2 Thus.216022 0. The ratio of GDP (at factor cost) and GNP in 2006-07 is 2971464/2949089.1 – 1. Thus the ratio will be around 1.7 – 0.3 – 0. each required value is: Malaysia: Global Chemical Products export = 0.3685 Gross Domestic = 1973535 Gross Domestic = 2344179 Capital Capital Formation Formation in in 2008-09 2009-10 We can see that the ratio and hence the percentage keeps on increasing in the given interval of time and hence option 3 is correct.2 = 0. Note that the difference between the numerator and the denominator in the above given ratio is around 25 thousand and the denominator is close to 33.TestFunda. The ratio of GDP (at factor cost) to that of GDP (at market price) for 2006-07 is 3952241/4293672 This ratio turns out to be 0.209949 0.IIFT 2011 the years 2004-05 to 2007-08 are as follows: Gross GDP (at Domestic market Capital price) Formation Year Gross Domestic savings in 2004-05 = 1050703 Gross Domestic Savings in 2005-06 = 1235288 Ratio 2004 .10 1243566 We can see that the ratio and hence the percentage has increased from 2008-09 to 2009-10.08 GDP from GDP (at primary factor cost) sector 650454 732234 829771 961330 2971464 3389621 3952241 4581422 5282086 6133230 Ratio 0.05 1052232 3242209 0. the highest number value is for Malaysia. Note that the difference between the numerator and the denominator in the above given ratio is around 30 thousand and the denominator is close to 30 lakhs and hence this value will be around 1.07 2007 .5 lakhs. Consider option 1: The share of EU in global import has decreased for two groups: Integrated Circuits and M-PP-02 1B. Hence. we can see that for the year 2007-08. the ratio is 4581422/4986426 This ratio turns out to be 0. Thus option 2 is also incorrect.08 1837498 4986426 0. Since the question asks for the “highest number”.342925 2006 . The ratio of contribution of GDP from primary sector to that of the GDP at factor cost for the interval 2004-05 to 2009-10 is as follows: Year 2004 .09 1067592 2009 .1 Thailand: Global Integrated Circuits and Electronic Components export = 2.209832 0.9187 We can see that the ratio and hence the percentage of GDP (at factor cost) with respect to GDP (at market price) has decreased from 2006-07 to 2007-08.7 www. options 2 and 3 should be calculated only at the end and that too only if.9 = 0. Hence.3 – 0.324542 2005 .

option 2. there is no need to calculate these values. it is given that it is a traditional handloom production unit.3% to 0. In such a case.8 = 1. Mahalaxmi Weaving Centre has property worth Rs.5)/4. it has no legal case against it and as obtained the environmental clearance issued by the State Pollution Control Board. IV. Canada and Mexico come under North America. Hence. 79. you can verify that options 2 and 3 are incorrect. option 3.4 = 0. the only option action that can be taken is that the license cannot be issued. V and VI.5 Chemical: 1.2 = 0. There is no data for conditions I and II. 81.TestFunda.3 Office and telecom: 1. Hence. condition II has no subcondition associated with it and there is no data given. it would become 0. option 2 can be eliminated. All the remaining countries. the set of scholars is a subset of boys) ii) Some scholars are boys (i. Ramayan Enterprise satisfies all the given conditions as explicitly mentioned in the question. 80. option 1.9 Integrated circuits and Electronic composers: 0. option 3.e.e. Some boys are scholars: There are two possible deductions from this statement. India’s global export share for Clothing Products increased from 3% to 3. Thus. 1 crore and is ready to submit Rs. Hence. It has the environmental clearance and can get three guarantors with personal IDs. the license can be issued to it. option 3. Hence. it satisfies conditions III. Handloom.6% i.e. Malaysia’s global import share for Clothing Products increased from 0. option 1 is true. V and VI.59% China’s growth in Automotive Products Imports = [(3.2 – 4.e.7)/1.3)/6. option 1 is incorrect. Hirabhai Handlooms possesses assets of Rs. sub-condition (a) becomes valid and the case may be referred to the Development Commissioner.22% China’s growth in Integrated Circuits and Electronic Components Exports = [(11.e a decrease of 5%. It can simple be observed that EU has the highest market share in Chemical Products as well as Automotive products. option 1. Hence.e a decrease of 30%.3 = 0. However. South Korea’s global export share for Integrated Circuits and Electronic Components decreased from 8% to 7. the intersection of the sets of scholars and boys is not a null set) Some teachers are boys M-PP-02 1B. it satisfies conditions II. Because there is no option marked “Data Insufficient”. Hence. Japans’ global export share for Chemical Products decreased from 6% to 4.1 = 0. Note: On calculating. Therefore. For Automotive products. there is no option marked “Data Insufficient”.3] × 100 = 420.29% Hence. Therefore. i) All scholars are boys (i. Therefore.8 – 0. Finally.5] × 100 = 482.7] × 100 = 414. 55 lakhs and is ready to pay the security deposit. 77.7)/0. it would be 8th.8 – 6.1%. come under Asia. India’s export market share in Integrated Circuits and Electronic Components was 0. the total for North America is 16. III. option 4 is true.2 – 0. Since it satisfies all 6 conditions. 1 lakh. It also has managed to get three guarantors with personal IDs. Hence. apart from EU. an increase of 20% Therefore.com .4 – 0.7] × 100 = 570.4 – 1. option 4 is correct.0 Automotive: 0. sub-condition (a) gets satisfies because it is given that it is a traditional handloom firm.6 – 0.6% i. Therefore. In such a case.IIFT 2011 Electronic Components as well as Office and Telecom Equipment. 76.7% in 2009.9 – 0. Consider option 4: The increase in global import share for India in each group is: Clothing: 0. USA. 82. the highest increase among all groups is for Chemical Products. where no firm having a legal dispute is permitted to operate. Therefore.6% i. option 4. However. an increase of 100%.2% i.9 while for Asia is 21. Therefore. Therefore. As far as condition I is concerned. it can be inferred that Ramayan Enterprise does not have legal dispute against it. IV. it would only be above Canada and Mexico. Hence.1 × 7 = 0. Asia should be second and North America should be third.63% China’s growth in Office and Telecom Equipment Exports = [(26. if it had increased by 600%.3 Thus. 78. Condition II gets satisfied because it is given that the firm is located in Surat.5 – 0. So. Hence. option 2. option 3 is false. in the actual exam. options 3 and 4 can be eliminated.8 www. option 2 is also true. 75. Therefore. Though nothing is mentioned about condition I. Therefore. Finally. China’s growth in Integrated Circuits and Electronic Components Imports = [(32.

Hence. 3) Some observers are boys. So. 4) All professors are teachers. 2) All professors are consultants. “developers are following laws” would be written as “lop bop eop uop” Hence. From the previous solution. This means that either the set of researchers identical to the set of consultants or the set researchers is a subset of the set of consultants.e.e. looking at the previous solution. Therefore. in (i). But this doesn’t mean that the intersection of boys and teachers will also be a null set. option 3 can be eliminated. option 2. 3) Some researchers are teachers.e. i) All boys are teachers (i. 4) Some teachers are scholars. This means that either the set of researchers identical to the set of professors or the set professors is a subset of the set of researchers. option 4. “developers”. Hence conclusion 3 is true. Thus this statement is incorrect. Hence this statement is also true. 2) Some scholars are not boys This may or may not be true because there are chances that all scholars may also be boys. “lop” ⇒are From (iii) and (iv). All researchers are consultants. i) ii) All observers are scholars (i. If we split the alphabets in a group of 3 we get following arrangement: D__F | __DE | E__D | __EF | __DE | __F Now. “qop gop cop eop” would mean “profitable laws were stopped”. if we put option 3. Consider the four statements (i) “lop eop aop fop” means “Traders are above laws” (ii) “fop cop bop gop” means “Developers were above profitable” (iii) “aop bop uop qop” means “Developers stopped following traders” (iv) “cop jop eop uop” means “Following maps were laws” From (i) and (ii): “fop” ⇒ above From (i) and (iii): “aop” ⇒ traders So. From (i) and (iv).9 www. This means that either the set of teachers is identical to the set of professors or the set of teachers is a subset of the set of professors. This is true for both the cases that have been mentioned above. the intersection of the sets of teachers and boys is not a null set) All scholars are observers. is of is of Let us analyze the conclusions now 1) Some consultants are teachers This is true as the set of teachers will atleast be a M-PP-02 1B.e. There are two possible deductions from this statement. 83. 86. “uop” ⇒ following From (ii) and (iii): “bop” ⇒ developers So. In (ii). the set of observers is definitely a subset of the set of scholars) and the intersection of the sets of scholars and boys is not a null set. 85. “cop” and “gop” correspond to “were and “profitable” in some order”.TestFunda. From the analysis of statement 1.IIFT 2011 There are two possible deductions from this statement. This is untrue because the set of professors is not a subset of teachers. This means that some observers will always be boys. Therefore. the set of observers is a subset of scholars) subset of professors which atleast will be a subset of researchers which will atleast be a subset of consultants. “eop” ⇒ laws So. option 1. we get: DEF | FDE | EFD | DEF | FDE | EF If we see the pattern it is consistent in the sense that the third alphabet in each subset is the first alphabet in Let us analyze the conclusions: 1) Some scholars are boys. 84. Hence. Also. “are” and “laws” will be represented by “lop” and “eop” in no particular order. All professors are researchers. option 1. There may or may not be some teachers who are scholars. “qop” ⇒ stopped.e. the set of observers and scholars are identical) Some observers are scholars (i. the answer should have “laws” in the sentence. “following” and “traders” have been identified.com . The intersection of set of boys and scholars is not a null set and the intersection of set of boys and teachers is not a null set. the set of boys is a subset of teachers) ii) Some boys are teachers (i. we know that this statement is also true. We know that either all or some observers are scholars (i. Hence. “eop” ⇒ laws So. All teachers are professors. Set of professors will always be atleast a subset of researchers which will always be atleast a subset of consultants.

e. Prof. So. There are two married couples. Thus options 1. 90. Mona is the mother-in-law of Sonalika. N > P. Hence. There are 6 persons in the family from 3 generations. O = M/2 Hence. Chakravarty. it does not do anything to solve or prevent the issue. having A is not logical. D). 89. So. E. It is given in the question that Tarun likes Punjabi food and supports Basketball. 96. So. Note that in the three options. 3M % 2N N % 3O In normal terms we get 3M = 2N = 3 × O/2 So. every number is substituted by its sum of digits. Now as there are only 3 generations present. option 1. 2 and 3 are incorrect. Das is one of the members. Option 3: QOPOPQOPQRRQPOOPOROO There is no pattern which is logically consistent with this option. A = 0. Prof. they will encourage their children.IIFT 2011 the next subset and the order is cyclic. i. If we arrange them in alphabetical order. 98. Option 1: AOPOPQOPQRRQPOQPOROO Here. Statement 3 brings ‘law’ in the picture. Let us put the options in the blanks and consider the patterns one by one. even rigid parents will have to agree to educate their children Hence. This means that Tarun and Nuri are siblings. option 4. Tripathy have a north facing flat. 5 we do not get any pattern that is logical. D. F or F. Note: Option 3 is also correct as O is not equal to M. 87.daughter of Mona. option 3. Qureshi and Prof. Chakravarty are members. Equbal is not present in option 1 and option 2 and hence it is not possible. Hence. Even if we divide in the groups of 3. option 1. O > M and N = M. option 2. Usman and Prof. Action 1 would only create unnecessary hype and criticism. The two Professors have to be Prof. Therefore. 4. Hence. Moreover. etc. Hence. Equbal is present. Prof. option 3. 95. Varun is the Grand Father of Tarun. MONKEY = 12141310424. Hence. This also means that Rakesh and Sonalika are married to each other. Even if we divide in the groups of 3. Option 1 has to follow as parents make decisions about their children’s schooling. P < O. Hence. X = 24 and sum of digits of 24 is 6. Since it is known that Prof. Usman also gets a south facing flat. Hence this option is eliminated. In this question every alphabet is substituted by one less than its numerical equivalent. clearly O > N and O is not equal to M. Statement 2 is a perfect action considering the nature of the drought and the damage it can cause. (D. option 3. GOVERNMENT = 7645954552. 4. Once they realize the importance of primary education. Hence. 92. Prof.com . option 1. It is given that Prof. Sawant are M-PP-02 1B. the upper row corresponds to the houses facing south and the lower row corresponds to the houses facing north. Hence. option 4. Prof. 88. 5 we do not get any pattern that is logical. substituting child labour with a decent compensation will encourage parents to educate their children. F. option 4. Equbal has to be selected in every committee. Hence. Ahuja and Sushil always go together so option 3 is also incorrect. Hence. 91. So. It is a preventive action for the forthcoming predicament. Mona and Varun are married to each other. EXAMINATION = 56149512965. It is also given that Prof. Since parents need their children to work to earn extra income. Option 2 is a direct solution to the problem of poverty in rural areas. Ahuja and Prof. 93. Prof. Equbal and Prof. 97.TestFunda. Statement 3 is also logical. E or E. Prof.10 www. option 3. option 4. B= 1. Once primary education is made compulsory and child labour is banned. Nuri is the grand . Consider the following arrangement ___ ___ ___ ___ ___ ___ Here. 94. Option 2: QOPOPQOPQORQPORPOROO There is no logical pattern which is logically consistent with this option. Rathor gets a south facing flat next to Prof. Usman. Two other members are professors and two are students. Let us analyze the options.

Prof. 99. Prof. Sawant has to be in a north facing flat and so. Purohit and Prof. Purohit has to be in a south facing flat. Tripathy are interchanged.11 www. Prof. Rathor will always be next to Prof. Purohit get south facing flats. Rathor and Prof. M-PP-02 1B. Prof. even if the flats of Prof.com . Prof. Hence. Usman. option 3. Thus. Usman. option 1.TestFunda. Hence.IIFT 2011 diagonally opposite each other. Consider the solution to the previous question A possible arrangement of the flats is: U R P Q T S Therefore.