IIFT 2011 Question Paper
Read the following instructions and answer the questions.
After the discussion at a high level meeting of government officers, the criteria for issuing of import / export licence to eligible business firms for the year 2011-12 were finalized as follows. The firms must –
I. Have a Grade – ‘A’ certified unit for any products.
II. Not have any legal dispute case against it.
III. Possess minimum asset worth Rs. 40 lakhs.
IV. Submit an environment clearance certificate issued by the Pollution Control Board (PCB) of the state where the firm is located.
V. Deposit the margin money of Rs. 1 lakh.
VI. Arrange for three guarantors with their personal identity cards (IDs).
However, if the firm satisfies all the above mentioned criteria except:
a) Criteria (I), but is a traditional handloom production unit, then the case may be referred to Development Commissioner, Handloom (DCH) of the state.
b) Criteria (IV), but is a local employment provider / thread (input) supplier / cloth supplier, the case may be referred to the Director, Department of Industry of the state.
c) Criteria (V) but can deposit at least Rs. 50000, the firm will be given import licence only and the case may be referred to the Deputy Director, Department of Industry of the state.
Based on the above criteria and information provided on each of the firms in the questions below, you have to decide which course of action should be taken against each firm. Without assuming anything regarding any applicant firm, the decision should be based on the information provided.
Hirabhai Handlooms is a Vadodara based traditional Gujarati handloom firm keen to get an export licence. It is ready to pay the required security amount and possesses assets of Rs. 55 lakhs. Hirabhai Chamanlal is the owner of the firm as well as the President of State Handloom Association. Hence getting more than three guarantors with their IDs is not a problem. 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.
Each of the questions below starts with a few statements, followed by four conclusions numbered 1, 2, 3 and 4. You have to consider every given statement as true, even if it does not conform to the accepted facts. Read the conclusions carefully and then decide which of the conclusion(s) logically follow(s) from the given statements, disregarding commonly known facts.
Statements:
a. Some boys are scholars
b. Some teachers are boys
c. All scholars are observers
Conclusions:
1. Some scholars are boys
2. Some scholars are not boys
3. Some observers are boys
4. Some teachers are scholars
Statements:
a. All teachers are professors
b. All professors are researchers
c. All researchers are consultants
Conclusions:
1. Some consultants are teachers
2. All professors are consultants
3. Some researchers are teachers
4. All professors are teachers
Study the information given below carefully to answer the following questions.
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’
In each of the following letter series, some of the letters are missing, which are given below it. Choose the correct alternative.
In each of the following questions, find the relationship that can definitely be deduced on the basis of the relations given. The symbols used to define the relationship are as follows:
@ means ‘greater than’
# means ‘less than’
$ means ‘not equal to’
% means ‘equal to’
In each question given below, a statement is followed by three courses of action numbered 1, 2 and 3. You have to assume everything in the statement to be true, and then decide which of the three suggested courses of action logically follow(s).
Statement: School dropout rate is very high in the rural areas as children support their parents in income earning activities.
Courses of action:
i. Public awareness programme on primary education should be expanded immediately to educate parents.
ii. Compensation should be given to those parents whose children are in the school.
iii. Law on universal education and ban on child labour should be made rigorous.
