IIFT 2015 Question Paper

Rajiv Kumar (born 6 July 1951) is an Indian economist and is currently the vice-chairman of the NITI Aayog.

India is one of the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting export. India was inspired by China for setting up of SEZ. Asia's First EPZ was set up in Kandla in 1965.

Campaign organiser Thomas Feeney wasted no time in launching the campaign again. A crowdfunding campaign trying to raise €1.6 billion to bail out Greece has ended with contributions just shy of the €2 million mark - or 0 per cent of the total needed to make a difference to Greece.

To Kill a Mockingbird - Harper Lee 

A Passage to India (1924) is a novel by English author E. M. Forster.

Globalization and Its Discontents is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz.

The World Is Flat: A Brief History of the Twenty-first Century is an international best-selling book by Thomas L. Friedman.

The U.S. plans to put a woman on the $10 bill, announcing Wednesday that the next $10 bill will feature the likeness of a woman who has played a major role in American history and has been a champion for democracy.

The new note, anticipated to be released in 2020, would be unveiled just in time for the 100th anniversary of the passage of the 19th Amendment, which secured women’s suffrage. “America’s currency makes a statement about who we are and what we stand for as a nation,” Treasury Secretary Jack Lew said on a call Wednesday.

The Narendra Modi government accepted recommendations of the 14th Finance Commission for increasing share of states in central taxes to 42%.

The commission recommended increase in the share of states in the centre's tax revenue from the current 32% to 42%-the single largest increase ever recommended. The recommendation, which the government will likely accept, will give more power to states in determining how they spend this money (it also correspondingly reduces the fiscal resources available to the centre).

Hence, option A is the correct answer.

The European Union (EU) is a political and economic union of certain European states. At present, it has 28 member states: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Ireland, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Slovenia, Sweden and the United Kingdom (UK). 

Clearly, Norway is not a member of EU. 

As per the monetary policy agreement between RBI and the Finance Ministry, the RBI is required to maintain inflation in the range in 4 $$\pm$$ 2 % interval. i.e. 2% to 6%

Clyde William Tombaugh was an American astronomer. He discovered Pluto in 1930, the first object to be discovered in what would later be identified as the Kuiper belt.