IIFT2016QuestionPaper Related Question Answers
26. In which of the following years, total number of candidates passed from all the kingdoms is lowest?
29. Highest number of candidates passed are from which of the following kingdoms for all the years together?
30.
T-Nation, a T-shirt manufacturing company has unleashed 5-5-5 strategy, five brands (Ultimate Supreme, Smash, Paramount, Astute), five sizes, (S, M, L, XL, XXL), and five Stores (S1, S2, S3, S4, S5) to capture New Delhi market. Number of T-Shirts in each of the store is given in the stacked bar chart below.
Note: Visibility of a brand in a store is given by number of T-Shirts of the brand in the store by total number of T-Shirts in the store. Visibility across the stores is measured by sum of the scores of visibility of a brand in a store.Which brand of T-Shirt has more visibility across the stores?
32. Suppose, size M constitutes 22% of all the T-Shirts owned by T-nation. It is also given that ‘size M T-shirt’ in stores 1, 2 and 5 are 10% of the total T-shirts in these stores. Then, the total number of T-Shirts of size M in store 4 cannot be less than
34. Approximately, by what percentage are Smash T-shirts greater than Ultimate T-shirts in all the stores together?
35.
Given below is the data about Domestic Investment (DI) and Foreign Investment (FI) in 9 different sectors over 5 year period.
(In Rs. Crores)
Note: DI = Domestic Investment; FI = Foreign InvestmentWhat is the approximate ratio of the total investment in Energy sector to that of Financial services sector?
40.
The following 2 bar charts represent revenues and expenses (in thousands) of A Ltd, B Ltd, and C Ltd over a period of five years.
Revenues of A Ltd, B Ltd, C Ltd for the period 2011-2015
For which company, the average annual expenses were maximum in the given period?
42. What was the approximate percentage decline in the revenue of C Ltd in 2015 as compared to the revenue in 2012?
43. What was the approximate absolute difference between the average revenue of A Ltd in 2011, 2012 and 2013 and the average revenue of B Ltd in 2013, 2014 and 2015?
44. For which of the following years the percentage of rise/fall in profit from the previous year was the maximum for A Ltd?
45.
Read the following passages carefully and answer the questions given at the end of each passage.PASSAGE 1In a study of 150 emerging nations looking back fifty years, it was found that the single most powerful driver of economic booms was sustained growth in exports especially of manufactured products. Exporting simple manufactured goods not only increases income and consumption at home, it generates foreign revenues that allow the country to import the machinery and materials needed to improve its factories without running up huge foreign bills and debts. In short, in the case of manufacturing, one good investment leads to another. Once an economy starts down the manufacturing path, its momentum can carry it in the right direction for some time. When the ratio of investment to GDP surpasses 30 percent, it tends to stick at the level for almost nine years (on an average). The reason being that many of these nations seemed to show a strong leadership commitment to investment, particularly to investment in manufacturing. Today various international authorities have estimated that the emerging world need many trillions of dollars in investment on these kinds of transport and communication networks. The modern outlier is India where investment as a share of the economy exceeded 30 percent of GDP over the course of the 2000s, but little of that money went into factories. Indian manufacturing had been stagnant for decades at around 15 percent of GDP. The stagnation stems from the failures of the state to build functioning ports and power plants and to create an environment in which the rules governing labour, land and capital are designed and enforced in a way that encourages entrepreneurs to invest, particularly in factories. India has disappointed on both counts creating labour friendly rules and workable land acquisition norms. Between 1989 and 2010 India generated about ten million new jobs in manufacturing, but nearly all those jobs were created in enterprises that are small and informal and thus better suited to dodge India’s bureaucracy and its extremely restrictive rules regarding firing workers It is commonly said in India that the labour laws are so onerous that it is practically impossible to comply with even half of them without violating the other half.Informal shops, many of them one man operations, now account for 39 percent of India’s manufacturing workforce, up from 19 percent in 1989 and they are simply too small to compete in global markets. Harvard economist Dani Rodrik calls manufacturing the “automatic escalator” of development, because once a country finds a niche in global manufacturing, productivity often seems to start rising automatically. During its boom years India was growing in large part on the strength of investment in technology service industries, not manufacturing. This was put forward as a development strategy. Instead of growing richer by exporting even more advanced manufactured products, India could grow rich by exporting the services demanded in this new information age. These arguments began to gain traction early in the 2010s.In new research on the “service escalators”, a 2014 working paper from the World Bank made the case that the old growth escalator in manufacturing was already giving way to a new one in service industries. The report argued that while manufacturing is in retreat as a share of the global economy and is producing fewer jobs, services are still growing, contributing more to growth in output and jobs for nations rich and poor. However, one basic problem with the idea of service escalator is that in the emerging world most of the new service jobs are still in very traditional ventures. A decade on, India’s tech sector is still providing relatively simple IT services mainly in the same back office operations it started with and the number of new jobs it is creating is relatively small. In India, only about two million people work in IT services, or less than 1 percent of the workforce. So far the rise of these service industries has not been big enough to drive the mass modernisation of rural farm economies. People can move quickly from working in the fields to working on an assembly line, because both rely for the most part on manual labour. The leap from the farm to the modern service sector is much tougher since those jobs often require advanced skills. Workers who have moved into IT service jobs have generally come from a pool of relatively better educated members of the urban middle class, who speak English and have atleast some facility with computers. Finding jobs for the underemployed middle class is important but there are limits to how deeply it can transform the economy, because it is a relatively small part of the population. For now, the rule is still factories first, not service first.According to the information in the above passage, manufacturing in India has been stagnant because there is
47. According to the opinion expressed in the above excerpt, growth in services is not as impactful on the economy as manufacturing because
48. In the passage, sustained growth in exports of manufactured products has been identified as the most powerful driver of economic boom because
49. According to the above excerpt, most MNCs face problems in emerging countries because they interpret the concept of ‘glocalisation’ as
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