[Download PDF] IIFT 2020 Question Paper Paper with Solutions

Instructions

Answer the following questions with the given information and the graphs:

There are two wholesale markets (Rajapur mandi and Sivapur mandi) in a state, where commodities are traded between buyers and sellers. Commodity A and Commodity B are traded in Rajapur mandi whereas Commodity C is traded in Sivapur mandi. First graph given below shows yearly average traded quantity of all commodities in the state. The second graph shows yearly traded quantities of Commodity A and Commodity B in the wholesale market of Rajapur mandi.

Question 61

How many times, the annual traded quantity in Sivapur mandi has been approximately same as quantities traded annually of any item in Rajapur mandi?
1. 4
2. 5
3. 6
4. 7

Video Solution

Solution

Refer the table as follows:

We can see that produce of C is matching the amounts of A or B in any particular 5 times.
Hence, 2.

Question 62

From the years given below, in which year annual percentage change in Commodity C has been lowest?
1. 2014
2. 2015
3. 2017
4. 2018

Video Solution

Solution

Consider the table given below

For 2014, % annual change over previous year = (-3/8)*100
For 2015, % annual change over previous year = (2/5)*100
For 2017, % annual change over previous year = (-1/3)*100
For 2018, % annual change over previous year = (-1/4)*100

We can clearly see that the lowest percent change is in 2014 at -37.5%

Question 63

How many times the annual percentage change in the quantity traded of any commodity in the state is same in two consecutive years?
1. 0
2. 1
3. 2
4. 3

Video Solution

Solution

From the table:

We can see that % change in consecutive years is not same for any commodity in any year. Hence, 0.

Question 64

How many times, the annual average traded quantity in Rajapur mandi has been lower than quantity of Commodity C traded in Sivapur mandi?
1. 3
2. 4
3. 5
4. 6

Video Solution

Solution

The given condition is satisfied in the following years: (Year, Avg amount in Rajapur, Avg amount in Sivapur)

2010: 350 400
2013: 750 800
2015: 550 700
2016: 500 600
2019: 350 700

Thus, the situation happens a total of 5 times.

Instructions

Answer the following questions with the given information and the graph:

Alpha company uses Rex as main raw material for manufacturing Item A, Item B, Item C and Item D.

The graph below shows the proportion of items produced and price trend of Rex. Annual Res_Index of an item in a given year is measured as follows:

Res_Index of Item A in Year 2013 = Absolute Value (Production of Item A in 2013 - Production of Item A in 2012) / Absolute Value (Rex Price in 2013 - Rex Price in 2012)

Question 65

How many times proportion of an Item manufactured has not been changed in the subsequent year?
1. 9
2. 8
3. 7
4. 6

Video Solution

Solution

This can be easily computed by observing the bars in the graph:
For item A: 2013 to 2014, 14 to 15 i.e. 2 times
For item B: 2011-12 i.e. 1 time
For item C: 2012-13, 2014-15, 2017-18 i.e 3 times
For item D: 2013-14 i.e. 1 time

Hence, a total of 7 such instances.

Question 66

In which year, Rex Price had highest percentage increase?

1. 2015
2. 2016
3. 2017
4. 2018

Video Solution

Solution

The prices in the respective years are:
2015 : 51
2016 : 62.5
2017 : 74
2018 : 62.5

The percentage increase in 2016 = (11.5/51)*100
The percentage increase in 2017 = (11.5/62.5)*100
Obviously, the answer becomes 2016

Question 67

From the years mentioned below, in which year average Res_Index of all items manufactured was highest?

1. 2012
2. 2013
3. 2016
4. 2017

Video Solution

Solution

The production and price of Rex over relevant years is tabulated as follows:

The Res-Index for the different commodities has been computed and tabulated as follows

As we can see, the average Res-Index is the highest for 2012

Question 68

From the years mentioned below,in which year Res_Index for item D was highest?

1. 2012
2. 2013
3. 2014
4. 2017

Video Solution

Solution

The Res_Index for D over the years is:

2012: Res_Index = (200-160)/(80-74) = 6.66
2013: Res_Index = (200-150)/(80-74) = 8.33
2014: Res_Index = (150-90)/(85-80) = 12
2017:Res_Index = (300-200)/(74-63) = 9.09

Thus, 2014 is the desired year.

Instructions

Answer the following questions with the given information and the data:

The table given below gives the Production, Consumption and Export details of 10 products of Timbuktu Island. All that is produced is either consumed orexported. If production of any product is falling short of consumption and exports taken together, then that product is imported. There are no Storage facilities in the island.

Question 69

For how many products, imports have shown increasing trend?

1. 1
2. 2
3. 3
4. 4

Video Solution

Solution

Imports = Consumption + Exports - Production.

Using this, the below table is created showing the imports of each product over the years.

From the table, we can observe that only products 103, 104 and 108 show an increasing trend.

Hence, the answer is option C.

Question 70

For which of the following product codes, the absolute difference between average production and average consumption is least?

1. 105
2. 106
a. 107
4. 109

Video Solution

Solution

Thus, the minimum difference is shown by product 106.

Hence, the answer is option B.

CAT Content

IIFT 2020 Question Paper

IIFT 2020 Question Paper

How many times, the annual traded quantity in Sivapur mandi has been approximately same as quantities traded annually of any item in Rajapur mandi?1. 42. 53. 64. 7

From the years given below, in which year annual percentage change in Commodity C has been lowest?1. 20142. 20153. 20174. 2018

How many times the annual percentage change in the quantity traded of any commodity in the state is same in two consecutive years?1. 02. 13. 24. 3

How many times, the annual average traded quantity in Rajapur mandi has been lower than quantity of Commodity C traded in Sivapur mandi?1. 32. 43. 54. 6

How many times proportion of an Item manufactured has not been changed in the subsequent year?1. 92. 83. 74. 6

In which year, Rex Price had highest percentage increase? 1. 20152. 20163. 20174. 2018

From the years mentioned below, in which year average Res_Index of all items manufactured was highest? 1. 20122. 20133. 20164. 2017

From the years mentioned below,in which year Res_Index for item D was highest? 1. 20122. 20133. 20144. 2017

For how many products, imports have shown increasing trend? 1. 12. 23. 34. 4

For which of the following product codes, the absolute difference between average production and average consumption is least? 1. 1052. 106a. 1074. 109

Login to your Cracku account

Hello! 👋

Ready to Unlock Your Success?

Please Enter Your OTP

Please enter the following details

Create a free Cracku account

Get Started with 5000+ Free CAT Questions & Mock Tests with Detailed Solutions!

How many times, the annual traded quantity in Sivapur mandi has been approximately same as quantities traded annually of any item in Rajapur mandi?
1. 4
2. 5
3. 6
4. 7

From the years given below, in which year annual percentage change in Commodity C has been lowest?
1. 2014
2. 2015
3. 2017
4. 2018

How many times the annual percentage change in the quantity traded of any commodity in the state is same in two consecutive years?
1. 0
2. 1
3. 2
4. 3

How many times, the annual average traded quantity in Rajapur mandi has been lower than quantity of Commodity C traded in Sivapur mandi?
1. 3
2. 4
3. 5
4. 6

How many times proportion of an Item manufactured has not been changed in the subsequent year?
1. 9
2. 8
3. 7
4. 6

In which year, Rex Price had highest percentage increase?

1. 2015
2. 2016
3. 2017
4. 2018

From the years mentioned below, in which year average Res_Index of all items manufactured was highest?

1. 2012
2. 2013
3. 2016
4. 2017

From the years mentioned below,in which year Res_Index for item D was highest?

1. 2012
2. 2013
3. 2014
4. 2017

For how many products, imports have shown increasing trend?

1. 1
2. 2
3. 3
4. 4

For which of the following product codes, the absolute difference between average production and average consumption is least?

1. 105
2. 106
a. 107
4. 109