Instructions

Answer questions on the basis of information given in the following case.

MBA entrance examination comprises two types of problems: formula - based problems and application - based problem. From the analysis of past data, Interesting School of Management (ISM) observes that students good at solving application - based problems are entrepreneurial in nature. Coaching institutes for MBA entrance exams train them to spot formula - based problems and answer them correctly, so as to obtain the required overall cut - off percentile. Thus students, in general, shy away from application - based problem and even those with entrepreneurial mind - set target formula - based problems.

Half of a mark is deducted for every wrong answer.

Question 1

ISM wants more students with entrepreneurial mind - set in the next batch. To achieve this, ISM is considering following proposals:
I. Preparing a question paper of two parts, Parts A and Part B of duration of one hour each. Part A and Part B would consist of formula - based problems and application - based problems, respectively. After taking away Part A, Part B would be distributed. The qualifying cut - off percentile would be calculated on the combined scores of two parts.
II. Preparing a question paper comprising Part A and Part B. While Part A would comprise formula - based problems, Part B would comprise application - based problems, each having a separate qualifying cut - off percentile.
III. Assigning one mark for formula - based problems and two marks for application based problems as an incentive for attempting application - based problems.
IV. Allotting one mark for formula - based problems and three marks for application - based problem, without mentioning this is the question paper.

Which of the following proposal (or combination of proposals) is likely to identify students with best entrepreneurial mind - set?

Solution

I doesn't help because we cannot calculate the sectional cutoff and cannot identify the students with the best entrepreneurial mindset. II helps calculate sectional cutoffs and further helps identify the required students. III encourages students to attempt application-based questions as they carry high weightage. IV doesn't help because if students don't know, they start solving formulae-based questions as usual.

The answer is option D.

Question 2

ISM conducts a common entrance examination every year. This year, the question paper would comprise 60 questions with an equal mix of formula - based problems and application - based problems. All questions would carry equal marks. Balaji is appearing for the examination. Before, appearing for the examination he gets the following information from coaching institutes:
I. Application - oriented problems take more time to solve in an examination hall.
II. Chances of silly mistakes would be low in application - based problems.
III. ISM would assist the students with bank loans to start a new venture.
IV. Options are generally con fusing for formula - based problems.
V.‘Practice makes a man perfect’ can apply only to formula - based problems.
VI. Students get very good campus jobs.

Based on above information, which of the following options would help him to be better
prepared for the examination?

Solution

In this question, we should consider the points that help Balaji score better in the examination. Statements III and VI discuss the benefits of joining the college and don't mention any point related to the exam, while statements I, II, IV and V would help in Balaji's preparation.

The answer is option E.

Instructions

Answer question on the basis of information given in the following case.

Question 3

Innovative Institute of Business (IIB) has decided to be the first green campus in India. IIB Administration has advised all campus residents to reduce carbon footprints. IIB faculty members did a brainstorming and came up with the following suggestions:
I. Replacing electricity source for street lights with solar panels.
II. Replacing the existing buildings with environment friendly buildings.
III. Organizing a seminar on ‘Towards a Sustainable Future’ involving all students, staff, and experts from around the country.
IV. Introducing a compulsory course on sustainability to increase awareness among students.
V. Conducting an initial energy audit to explore where IIB can reduce carbon footprints.

Which of the following options would be the most preferred sequence of actions to reduce carbon footprints on campus?

Solution

We need to identify opportunities first and then implement them accordingly. Therefore, order is V, I, II.

The answer is option C.