ANSWER KEY - IIFT 2011-13

1 C 2 D 3 A 4 B 5 C 6 D 7 C 8 D 9 A 10 D
11 C 12 B 13 D 14 C 15 A 16 A 17 B 18 C 19 C 20 D
21 B 22 B 23 A 24 B 25 B 26 D 27 B 28 D 29 C 30 B
31 B 32 C 33 *B 34 B 35 B 36 A 37 B 38 D 39 A 40 B
41 *C 42 A 43 *A 44 C 45 C 46 B 47 A 48 D 49 D 50 B
51 D 52 C 53 C 54 C 55 C 56 B 57 A 58 B 59 A 60 C
61 D 62 D 63 C 64 C 65 C 66 C 67 D 68 D 69 D 70 D
71 C 72 D 73 D 74 A 75 C 76 D 77 B 78 D 79 C 80 *D
81 *C 82 B 83 A 84 D 85 A 86 A 87 D 88 C 89 B 90 C
91 *D 92 B 93 D 94 D 95 C 96 D 97 B 98 D 99 C 100 A

101 B 102 B 103 B 104 B 105 D 106 A 107 B 108 A 109 B 110 D
111 C 112 D 113 C 114 A 115 D 116 D 117 B 118 D 119 A 120 *
121 A 122 C 123 D 124 B 125 D 126 A 127 A 128 D 129 C 130 B
131 A 132 A 133 C 134 D 135 B

2011-13 | IIFT ADMISSION TEST | 1

SOLUTION IIFT - 2011-13

1. C 2. D 3. A 4. B 5. C 6. D 7. C Now, 1 out of 14 machines is not working

13 
8. D 9. A 10. D 11. C 12. B 13. D 14. C Manufacturing cost = Rs.42000 × = Rs.39000 
14 = Rs.51,000

15. A 16. A 17. B 18. C 19. C 20. D 21. B Establishment charges = Rs.12000 

22. B 23. A 24. B 25. B 26. D 27. B 28. D 70000

and annual output = × 13 = Rs.65,000
14
29. C 30. B Profit = Rs.14,000
2000
2 3 6 11 18 Percentage decrease in profit = × 100 = 12.5%
31. B Let S = + + + + + .... 16000
1! 2! 3! 4! 5!

1 1 1 1 1 S tandard Pr eferred Ultra − preferred

Also, e = 1 + + + + + + .... 34. B
1! 2! 3! 4! 5! 50% 30% 20%
Let Tn be the nth term of S.
Pr obability 0.01 0.008 0.007
n2 − 2n + 3 n2 2n 3
Tn = = − + P(dying) 0.5% 0.24% 0.14%
n! n! n! n!
P(preferred) 0.24 3
Required probability = = = = 0.2727.
n2
∑ ∑ ∑ ∑
2n 3 11
S= Tn = − + P(dying) 0.88
n! n! n!
n =1 n =1 n =1 n =1

2
Revenue, g(x) = x  54 −
n − 1+ 1 x 
∑
n2
∑ ∑
n 35. B
= = 32 
Now, n! (n − 1)! (n − 1)! 
n =1 n =1 n =1

n −1  x  x  
2
∑ (n − 1)! ∑ (n − 1)!
1
= + = x 542 − 2 × 54 × +  
 32  32  
n =1 n =1 

∑ (n − 2)! + ∑
1 1
= 4 × 54x 3x 2
(n − 1)! = e + e = 2e ∴ g'(x) = 542 − +
n=2 n =1 32 (32)2
For zero marginal revenue, g’(x) = 0
∑ = 2∑
2n 1
= 2e
Also, n! (n − 1)! ⇒ 3x 2 − 4 × 32 × 54x + (54 × 32)2 = 0
n =1 n =1
On solving, we get

∑
3 x = 576, 1728
and, = 3e − 3
n! Since x < 900, 573 is the required number of people per trip.
n =1

⇒ S = 2e − 2e + 3e − 3 = 3(e − 1) 1
36. A sin (α + β − γ ) = ⇒ α + β − γ = 45°
2
32. C The number of numbers between 6000000 and 6999999 that
can be formed from the given digits is 2
co sec (β + γ − α ) = ⇒ β + γ − α = 60°
6 _ _ _ _ _ _ → 6! = 360 3
2!
1
The number of numbers greater than 7000000 that can be tan ( γ + α − β) = ⇒ γ + α − β = 30°
3
formed from the given digits is
1° 1°
7 _ _ _ _ _ _ → 6! = 180 ⇒ α = 37 , β = 52 , γ = 45°
2!2! 2 2
So the total number of numbers greater than 6000000 that
can be formed from the given digits is 540. 37. B Let total profit be x.
Shyam gets 0.2x for managing the business
33.*B Language of the question is very ambiguous. So, Remaining 0.8x is divided among Shyam, Gopal and Madhur
the likely solution is as follows: in the ratio 2 : 4 : 3 respectively.

Manufacturing cos t = Rs.42000  2 1.6

Out of this, share of Shyam = × 0.8x = x
 Total charges = Rs.54,000 9 9
Establishment charges = Rs.12000 
Annual output = Rs.70,000 4 3.2x
and share of Gopal = × 0.8x =
⇒ Profit = 70000 – 54000 = Rs.16,000 9 9

2 | IIFT ADMISSION TEST | 2011-13

 42. A Let efficiency of Gupta, Sharma and Singh are x, y, z
3 2.4x
and share of Madhur = × 0.8x = respectively and the time taken by them be tg, ts and th
9 9 respectively.
x = 1.4y, y = 1.2z
1.6 3.4
Share of Shyam from total profit = 0.2x + x= x
9 9 W W W
t s − t g = 10 ⇒ − = 10 ⇒ = 35 = t s .
And shares of Gopal and Madhur y 1.4y y

3.2x 2.4x 5.6x ⇒ tg = 35 – 10 = 25 days

= + =
9 9 9 and th = 35 × 1.2 = 42 days
5.6x 3.4x
∴ − = 2200 ⇒ x = 9000 W
× 10 +
W
× 15 +
W
× t 'h = W
9 9 25 35 42
2.4 2 3  14 + 15  6
∴ Share of Madhur = × 9000 = Rs.2400. t 'h
= 1−  +  = 1− 
9 =
42 5 7  35  35
6
38. D We have, S → 2, E → 2, R → 1, I → 1 ⇒ t 'h = × 42 = 7.2 days
35
Case I: All alphabet are different
Number of ways = 4! = 24
Case II: 2 alike and remaining 2 diff. 43.*A  1 +  2  +  3  = 1× 3.
     
4!
Number of ways =
2
C1 × 3C2 ×
= 72  4 +  5 +  6 +  7 +  8 = 2× 5
2!          
Case III: 2 alike and 2 alike. SSEE  9  +  10  + L  15  = 3 × 7
     
4!
Number of ways = =6 nth term is n × (2n + 1) = 2n2 + n
2!2!
n(n + 1) (4n + 5)
Total number of ways = 24 + 72 + 6 = 102 and Sn = 2 ∑ n2 + ∑ n =
6
39. A Let the third vertix be (x1, x1 + 5) Put n = 18
S18 = 4389
1 1 1
Area of triangle = 6 =
1
−1 1 =
1  361 = 19
4  
2 2
x1 x1 + 5 1 Total sum = 4389 + 19 = 4408.
*Not available in answer options.
1
⇒ 5x + 10 = 6
2 1
( )
2
44. C log4 log4 4a −b = log4 a− b + log4 4.
⇒ 5x1 + 10 = 6 × 2 ⇒ 5x1 + 10 = ±12
⇒ 5x1 = +2, –22 ( )
⇒ (a − b) = 4 a + b − 2 ab = 4a + 4b − 8 ab

+2 −22 ⇒ 3a + 5b − 8 ab = 0
⇒ x1 = ,
5 5 2
 a a
27 3 ⇒ 3   − 8 +5=0
b b
∴ y = x1 + 5 = ,  
5 5
a
∴ The coordinates of the point could be Let = x.
b
 2 27   −22 3  Then, 3x2 – 8x + 5 = 0.
 , ,  , 
5 5   5 5
5
⇒ x = 1,
3
40. B Let the number of pastries of pineapple, mango and black
forest be p, m and b respectively. Then, a 5
But a − b ≠ 0 ⇒ x = =
p2 + m2 + b2 = 211, b 3
where p, m, b are natural numbers.
Now, p + m + b = 23. 45. C Let the work done by 3 pipes per hour be TA, TB and TC.
Using options, since 11 + 9 + 3 = 23
1 1 1
and 112 + 92 + 32 = 211, TA = , TB = , TC =
(B) is the correct option. 5 10 15
For 1st hour,
3 1 1  2 1 3 3 2 9 2 97
2a ± 4a2 − 4ab a ± a2 − ab + + × = × + = + =
4  5 10  3 15 4 10 45 40 45 360
41.*C x= = =
2b b
1 1 2 1 3 2 31
=
a ( a ± a−b )× ( a m a−b )= a
For 2nd hour = + + × = + =
5 10 3 15 10 45 90
b ( am a − b) a ± a−b
1 1 1 11
For 3rd hour = + + =
*Answer (C) answer is not printed correctly. 5 10 15 30

2011-13 | IIFT ADMISSION TEST | 3

  97 31 11  7 Area of the octagon = (Area of square ABCD) – 4 (Area of
∴ Work left = 1 −  360 + 90 + 30  = 360 each triangle)
 
1
( )
2
7 = 4 − 4× . 2− 2
2
It can be completed in another 360 = 0.05 hours
11 = 8 2 − 8 square metres.
30
50. B 7 = 1× 2 × 3 × 4 × 5 × 6 × 7
∴ Total time = 3 + 0.05 = 3.05 hours.
= 24 × 32 × 51 × 71
46. B We know A.M. ≥ G.M. The smallest perfect square divisible by 7 is
3 sin x
+3 cos x
⇒ ≥ 3sin x.3cos x 24 × 32 × 52 × 72 = 176400.
2
51. D Let A, B and C are the number of people who watched
⇒ 3sin x + 3cos x ≥ 2 3sin x + cos x
exactly one, exactly two and exactly three movies
Now minimum value of six x + cos x is at respectively.
5π A + B + C = 97% (i.e. 100%-3%)
x= ⇒ sin x + cos x = − 2 A + 2B + 3C = 136%
4
Here B = 25%,
− 2
 −1  ∴ A + C = 72%
∴ 3sin x + 3cos x ≥ 2 3 − 2
= 2.3 2
= 23 2 
  and A + 3C = 86%
 
On solving, we get, C = 7%.
47. A Let the number of Professors, Associate Professors and
Assistant Professors be a, b and c respectively. Let their 52. C Let AC = 2x, where x is any natural number.
average ages be x, y and z years respectively. 1
Given, ax + by + cz = 2160 = 36(a + b + c) ∴ AB = AC = 2x −1; but AB is a perfect square
2
ax + by by + cz 360 cz + ax 110 ⇒ x – 1 is even ⇒ x is odd.
= 39; = ; =
a+b b+c 11 c+a 3
Sum of two sides of a ∆ is greater than the third side
Also, a(x + 1) + b(y + 6) + c(z + 7) = 41(a + b + c) = 2460
⇒ AB + AC > BC ⇒ 3AB > 295 ⇒ AB > 98.33
Solving these equations, we get
a = 16, b = 24, c = 20 and x = 45, y = 35, z = 30. ⇒ 2x–1 > 98.33 … (i)
Alternate Method: Also, AC – AB < BC
The best way to do this question is by using the options. ⇒ 2x – 2x – 1 < 295
Option B and C doesnot give the sum of the ages of all faculty ⇒ 2x – 1 < 295 … (ii)
positions as 2160. Option A satisfies all other conditions. The only satisfying value for equations (i) and (ii) is
x=9
48. D Let log5 2 = p ⇒ 2 = 5p ∴ AB = 28 = 256 and AC = 29 = 512
∴ Perimeter = 256 + 512 + 295 = 1063.
This is possible only if p is irrational.
53. C Sum of the house numbers of the houses preceding
A x x 2 x B
x=
( x − 1) x .
49. D
2
x x
x 2 Also sum of the house numbers of the houses following
49.50 x ( x + 1)
x= −
2 2

According to the question,

( x − 1) x = 49.50 − x ( x + 1)
2 2 2
⇒ 2x2 = 49 × 50
⇒ x2 = 49 × 25
D C Hence, x = 35.
Let the equal sides of the isosceles triangles be x metres
54. C Let the interest rates charged by the first money lender and
each. Hence, each side of the regular octagon is x 2 metres. the second money lender (r + 10)% and r% respectively.
According to the question,
x+x 2+x=2
2 2
 r + 10   r 
2 2 30000  1 + = 30000  1 +  + 7500
⇒x= = =2− 2  100   100 
2+ 2 2 +1
Perimeter of the octagon On solving the above equation, we get r = 20%
Also, let Rs. x be the amount borrowed from the first lender.
= 8 × x 2 = 8 2 2 − 2 = 16 2 − 16 ( ) Therefore,
2 2
 30   20 
x 1 +  = (60000 − x )  1 + 100  + 38800
16
= metres
2 +1  100   
On solving, we get, x = Rs.40,000.

4 | IIFT ADMISSION TEST | 2011-13

 58. B Let the production cost be Rs.100
(1 − x )
4
55. C 6
= 1 − 4.x 6 + 6x12 − 4x18 + x 24 Contribution of A = Rs.10
Contribution of B = Rs.20
−4 × −5 Selling price = Rs.120
(1 − x )−4 = 1 − 4 (− x ) + (− x )2 + L ∞ Now, cost of A = Rs.12
2 ×1
and cost of B = Rs.28
x12 will come in 3 cases:
Hence, the new production cost = Rs.110 (since cost of
other components are fixed)
Case I: xº from (1 – x6)4 and x12 from (1 – x)–4.
New selling price = 1.15 × 120 = Rs.138
In the case the coefficient will be
28
 −4 × −5 × −6 × L − 13 × −14 × −15 
(1)  ∴ Profit percentage = × 100 ≈ 25.5%.
12 × 11× 10L × 2 × 1  110
 

= 1 × 15C3 = 455 59. A Using Cosine rule,

a2 + b2 − c 2
Case II: x6 from (1 – x6)4 and x6 from (1 – x)–4 cos θ =
2ab
In the case the coefficient will be
Hence, c2 = a2 + b2 – 2ab cosθ
 −4 × –5 × –6...... × –9 
(–4) 
 6 × 5 × 4 × .....1  60. C Total number of subsets = 211
9
= –4 × C3 = –336 Total number of subsets having no even element
26 (i.e. using (1, 3, 5, 7, 11, 13)
Case III: x12 from (1 – x6)4 and x° from (1 – x)–4 Hence, answer = 211 – 26 = 1984
In the case the coefficient will be 6 × 1 = 6
Hence, required coefficient = 455 – 336 + 6 = 125. For questions 61 to 65: The competitions will be held as follows.

56. B B A DATE DAY COMPETITION

D e lh i M athu ra 19th October Wednesday Rock Band
3 00 km s 20th October Thursday No Competition

To minimize the distance they will follow the following strategy. 21st October Friday Fash-P
22nd October Saturday Debate
Two of them (let’s say Mukesh and Suresh) will start on bike
and Dinesh will start walking. Suresh will get down at point A 23rd October Sunday No Competition
and start walking towards Mathura, whereas the other 24th October Monday Street Play
person will come back on bike to pick Dinesh from B and will 25th October Tuesday Group Song
turn back so that they all reach Mathura at same time.
26th October Wednesday Folk Dance
Dinesh travelled 300 kms, partly on bike and partly walking,
whereas Suresh also did the same, both of them taking the
same time. Hence, their walking stretches should be of 61. D The cultural week started with Rock Band Competition.
equal length i.e. Delhi to B = A to Mathura = x (say)
∴ Delhi To A + AB = 4x 62. D Rock Band competition was held on 19th October whereas
(speed of bike is 4 times walking speed) the Group Song competition was held on 25 th October.
Therefore, there is a gap of 5 days between the two
4 × −x
∴ AB = = 1.5x competitions.
2
x + 1.5x + x = 300 63. C Both Rock Band competition and Folk Dance competition were
⇒ 3.5x = 300 kms held on a Wednesday. While Rock Band competition was
held on 19th October, the Folk Dance competition was held
x 2.5x exactly after one week on 26th October.
∴ Total time taken = +
15 60
64. C Street Play was preceded by the Debate competition.
300 2.5 × 300 2
= + = 9 hours.
3.5 × 15 3.5 × 60 7 65. C Fash-P follows Rock Band competition.

57. A Let the height of cylinder and cone be 5h and 3h respectively. For questions 66 to 68: The arrangement according to the given
conditions is as follows.
1
Volume of the metal solid = π.8 .5h + .π.8 .3h
2 2
3 Esteem Swift i10
Punto Alto SX4
= 384πh
8 66. C If SX4 and Esteem exchange their positions mutually then
Height of the drilled cylinder = h
following will be the arrangement of cars:
3
Let radius of the drilled cylinder = r cm SX4 Swift i10
8 1 2 8  Punto Alto Esteem
So, π.r × h = 384πh − πr ×
2
h
3 2 3  Therefore only Alto will be adjacent to Esteem.
Solving, we get r = 4 3 cm.

2011-13 | IIFT ADMISSION TEST | 5

67. D After the changes mentioned in the question the arrangement Percentage decline in cost per square feet for Pantaloon
will be as follows
388
2008 = × 100 = 18.98%
Sw ift Beatle Alto 2044
SX4 i10 Punto Percentage decline in cost per square feet for S.Stop
Therefore the cars parked adjacent to Beatle are Alto and 222
Swift. = × 100 = 9.17%
2419
Percentage decline in cost per square feet for Vishal
68. D Under the given conditions, the arrangement is:
595
WagonR Swift Jazz 2010 = 100 = 35.86%
1659
Zen Alto Beat
Hence, Vishal in 2010 shows sharpest decline.
The cars that moved out are Esteem, Punto, i10 and SX4.
77. B Increase in cost per square feet for S Stop in 2006
For questions 69 to 73: The arrangement according to the given = 2135 – 1889 = 246
conditions is as follows. Increase in cost per square feet for S Stop 2007
= 2464 – 2135 = 329
PERSON COMPANY PLACE OF WORK E-MAIL ACCOUNT Increase in cost per square feet for Pantaloon 2006
Rahul Telco Pune Rediffmail = 1996 – 1729 = 267
Kabeer Usha Martin Kolkata Yahoo Increase in cost per square feet for Vishal 2006
= 1802 – 1832 = – 30
Anup Tisco Jamshedpur Indiatimes
Hence, S Stop in 2007 shows maximum increase in cost per
Raghu Mecon Ranchi Gmail square feet.
Amit HCL Noida Sancharnet
Alok Wipro Bangalore Hotmail 78. D Average of rate of cost per square feet in 2007
2044 + 2464 + 1751 + 1525 7784
69. D Alok works in Wipro and he has an e-mail account with = = = 1946
Hotmail. 4 4
Average of rate of cost per square feet in 2010
70. D Among the given options only Raghu-Ranchi-Gmail is the
1396 + 2230 + 1064 + 1051 5741
correct combination. = = = 1435.25
4 4
71. C Among the given statements the only true statement is that –510.75
Kabeer has an e-mail id with Yahoo. Percentage change = × 100 = −26.24%
1946
–26.24%
72. D As evident from the table above none of the given sequences ∴ Required rate of change = = 8.75%.
of locations is correct. 3

5.85
73. D As shown in the table above the correct match of e-mail 79. C Rate of change for U.P.(E) = × 100 = 14.74%
account and Company is: 39.68
5.19
Tisco Indiatimes Rate of change for Bihar = × 100 = 15.65%
33.17
HCL Sancharnet
2.32
Usha Martin Yahoo Rate of change for Orissa = × 100 = 17.09%
13.57

1.37
74. A 7090070890702030045703907 Rate of change for Haryana = × 100 = 10.08%
13.59
There is only one such zero.
Hence, Orissa shows the maximum rate of change.

75. C 1 3 km
R3 R4 R5 80.*D *There is a slight ambiguity in the question regarding
the distribution of states across the eastern and
km
km

14 k R7 southern telecom circle. So avoid finding the exact fig-

11 m
km

11

ures in the region. A simple observation is that the subscrib-

14

km

11 km 1 7 km
ers of Idea and Airtel in south bears the ration 48 : 52 = 0.92.
13

R1 R2 DC
Going by options, only option (D) exactly matches this ratio.
km

19 k
m 9 km Note: Though not advisable in exams, the figures can be
15

23 k m
calculated exactly if we consider Bihar, West Bengal, Orissa,
R6
Kolkata and Assam in the eastern circle and Tamil Nadu,
The shortest path is Karnataka, Andhra Pradesh and Kerala in southern circle.
DC → R3 → R1 → R6 → R7
and the shortest distance = 14 + 11 + 23 + 15 = 63 km.

76. D Percentage decline in cost per square feet for Westside in

687
2005 = × 100 = 28.49%
2411

6 | IIFT ADMISSION TEST | 2011-13

81.*C *There is again ambiguity regarding the distribution 87. D Brand building score of Srikrishna Trader = 80
of states in the eastern circle. Moreover, no instruction Points scored for sales by Srikrishna Trader
has been given to use the data from previous question, with- = 0.25 × 2000 = 500 + 15 = 515
out which the question is not likely to be answerable. Hence, total points scored by Srikrishna Trader
Considering the data from the above question holds true, we = 80 + 515 = 595
get the following solution: Hence, it can redeem only first 3 items.
R-com subscribers in the eastern circle was 28% of the total So from given options it can redeem only Nike Cap and
subscribers whereas it is the same 28% in UP and Madhya T-Shirt.
Pradesh.
∴ R-com subscribers in new eastern circle = 28%. 88. C CO2 emission to per capita income ratio for US after two
There was no Idea subscriber in eastern region whereas
1200 × 0.875 × 0.875
32% in UP and Madhya Pradesh years = = 2.9
∴ Idea subscribers in new eastern region = 32% of (UP + 300 × 1.02 × 1.02
Madhya Pradesh) CO2 emission to per capita income ratio for China after two

32 1180 × 0.875 × 0.875

= × 111.05 = 35.536 million years = = 3.1
100 270 × 1.04 × 1.04
Total subscribers in new eastern circle = 30.03 + 77.22 + CO2 emission to per capita income ratio for Japan after two
111.05 = 218.3 million 1125 × 0.875 × 0.875
∴ Percentage of Idea subscribers years = = 3.4
240 × 1.03 × 1.03
35.536
= × 100 = 16.27%.
218.3 89. B Standard benchmark ratio = 0.75
∴ Remaining subscribers in new eastern circle using So CO2 emission for USA must be 225
Vodafone Hence, it has to buy 975 × 2.5 = 2437.5 carbon credit units.
= 100% – 28% – 16.27% = 55.73%. Similarly CO2 emission for China must be 202.5
Hence, it has to buy 977.5 × 2.5 = 2443.75 carbon credit units
In one year a country can buy 15 + 20 + 30 = 65 carbon credit
82. B Number of subscribers in December 2009 = 562.18 million
units
Number of subscribers in March 2010 = 621.3 million
Time taken by USA to achieve standard benchmark
621.3 − 562.18
Percentage change = × 100 2437.5
562.18 = = 37.5 years
59.12 65
= × 100 = 10.51% Time taken by China to achieve standard benchmark
562.18
2443.75
83. A Brand Building score for Maheshwari & Co = = 37.59 years
65
= 10 + 20 + 2.5 + 5 + 0 = 37.50
Points scored for the sales = 15 + 0.25 × 6241 Hence, required number of years is 38 .
= 15 + 1560.25 = 1575.25
Therefore, total points = 1612.75 90. C The combined per capita income of all five countries in 2010
Hence, Maheswari & Co can redeem 2 Tupperware sets. is 845.
So, per capita income in 2011 = 861.9
84. D Brand Building score for Bhowmik brothers 2012 = 883.44
= –20 + 2.5 + 2.5 + 10 = –5 2013 = 914.37
Points scored for the sales = 12 The ratio of CO2 emission to per capita income in 2010
Total points = –5 + 12 = 7 2050
Hence, 33 more points are required to be eligible for minimum = = 2.426
845
redemption.
The ratio for next three years = 0.5 × 2.426 = 1.213
85. A Brand Building points of Saha H/W = 85 ⇒ CO2 emission of 2011 = 861.9 × 1.213 = 1045.48
Points scored for sales in this quarter = 512 × 0.25 ⇒ CO2 emission of 2012 = 883.44 × 1.213 = 1071.61
= 128 + 15 ⇒ CO2 emission of 2013 = 914.37 × 1.213 = 1109.13
Brand building points of Saha H/W in next quarter = 85 The benchmark emission of CO2 = 350 × 5 = 1750 million
Total points till now = 313 tonne
Points required to redeem the Kanjivaram Saree = 4000 Savings for 2011 = 704.52
Hence points required from sale in next quarter = 3687 Savings for 2012 = 678.39
Points for achieving 100% sale in next quarter = 15 Savings for 2013 = 640.87
Points required from extra units of sale = 3672 Hence, total carbon credits earned
Hence, extra units required to be sold = 4 × 3672 = 14688
(704.52 + 678.39 + 640.87)
= × 1.25
86. A Points scored for sales by Malling Enterprise = 15 + 250 = 265 0.5
Points required to redeem three Nike Caps and an Umbrella = = 5059.45 = 5060 (approx.)
300 + 40 = 340
Hence, its brand building points = 340 – 265 = 75

2011-13 | IIFT ADMISSION TEST | 7

91.*D If the countries are arranged according to the condition given CO2 emission /
in option (A), the order is as follows: Country
per capita income
1 AUSTRALIA 0.909090909
CO2 e m is s ion /
Countr y 2 POLAND 1.025641026
pe r capita incom e
1 A USTRA LIA 1.627906977 3 UKRAINE 1.081081081
2 POLA ND 1.632653061 4 SPAIN 1.333333333
3 UKRA INE 1.70212766 5 INDIA 1.5
4 SPA IN 1.818181818 6 FRANCE 1.5625
5 INDIA 2 7 ITALY 1.764705882
6 FRA NCE 2.142857143 8 SOUTH AFRICA 1.785714286
7 ITA LY 2.272727273 9 CANADA 2.105263158
8 SOUTH A FRICA 2.368421053 10 GERMANY 2.692307692
9 CA NA DA 2.5 11 US 3.333333333
10 GERMA NY 2.903225806 12 UNITED KINGDOM 3.333333333
11 US 3.428571429 13 RUSSIA 3.346153846
12 RUSSIA 3.451612903 14 CHINA 3.62962963
13 UNITED KINGDOM 3.47826087 15 JAPAN 3.854166667
14 CHINA 3.6875 Therefore, option (C) is correct.
15 JA PA N 3.879310345 If the countries are arranged according to the condition given
in option (D), the order is as follows:
Therefore, option (A) is correct.
If the countries are arranged according to the condition given CO2 em ission /
Country
in option (B), the order is as follows: per capita incom e
1 AUSTRALIA 0.697674419
CO2 emission / per
Country 2 POLAND 0.816326531
capita income
3 UKRAINE 0.85106383
1 POLAND 2.051282051
4 SPAIN 1.090909091
2 AUSTRALIA 2.121212121
5 FRANCE 1.19047619
3 UKRAINE 2.162162162
4 SPAIN 2.222222222 6 INDIA 1.2
5 INDIA 2.5 7 SOUTH AFRICA 1.315789474
6 FRANCE 2.8125 8 ITALY 1.363636364
7 ITALY 2.941176471 9 CANADA 1.666666667
8 CANADA 3.157894737 10 GERMANY 2.258064516
9 SOUTH AFRICA 3.214285714 11 UNITED KINGDOM 2.608695652
10 GERMANY 3.461538462 12 RUSSIA 2.806451613
11 US 4 13 US 2.857142857
12 RUSSIA 4.115384615 14 CHINA 3.0625
13 CHINA 4.37037037 15 JAPAN 3.189655172
14 UNITED KINGDOM 4.444444444
Therefore, option (D) is incorrect.
15 JAPAN 4.6875 * NOTE: It is advisable not to attempt this question.

Therefore, option (B) is correct. 92. B Units produced in Bihar exceed the number of units produced
in Madhya Pradesh by
If the countries are arranged according to the condition given
in option (C), the order is as follows: 45 − 32.4
× 72000
360
= 12.6 × 200 = 2520 units

93. D Number of females in 1995 = 300 million

Number of females in 1996 = 330 million
Percentage increase in number of females
30
= × 100 = 10%
300
Number of females in 1998 = 320 million
Number of females in 1999 = 350 million
Percentage increase in number of females
30
= × 100 = 9.375%
320

8 | IIFT ADMISSION TEST | 2011-13

 Number of females in 2003 = 350 million 100. A Intel–Price of technology products reduces to half every
Number of females in 2004 = 370 million year or two (1st paragraph). Fisher–Preview cameras that
Percentage increase in number of females helped users to immediately see the pictures taken (1st
paragraph). AOL–Photo processing, developing and posting
20
= × 100 = 5.71% online photos (2nd paragraph). Correct option is A.
350
Number of females in 2004 = 370 million 101. B Statement IV hasn’t been discussed anywhere in the passage.
Number of females in 2005 = 420 million All the other statements reflect ideas author uses in order to
Percentage increase in number of females explain how, why and which errors are committed by
investors.
50
= × 100 = 13.51%
370 102. B Statement IV hasn’t been discussed anywhere in the passage.
Passage clearly states that investors follow popular trends
94. D Number of educated people in 2002 = 545 million and don’t consider probabilities while deciding how to invest.
Number of educated female in 2002
4 103. B Author implies that the investors must not be swayed by the
= × 545 million = 242.22 million advice of so called experts as their judgements have only
9
slim chance of being able to predict market trends. Hence,
Number of uneducated female in 2002 = 107.78 million option B is the correct answer.
Number of educated male in 2002
5 104. B Statement II is incorrect as the passage clearly states that
= × 545 million = 302.78 million public opinion polls have large not diminutive samples.
9
Statement III is correct as per the passage.
Number of educated male in 2003 = 378.475 million
Number of educated female in 2003 = 181.525 million 105. D Option A can be negated because of the ‘only if’ condition
Number of uneducated female in 2003 = 168.475 million present in the option. Option C is incorrect only option B is
Hence, required percentage change close but can be negated because “Single experiences
60.695 influence post experience loyalty but certainly do not over
= × 100 = 56.313 = +56% whelm the relationship between pre-experience and post
107.78
experience loyalty”.
Hence option D is the correct option.
95. C Population living in urban area in 2005 = 0.68 × 600
= 408 million 106. A ‘Institutional prediction’ has not been mentioned in the passage.
Population living in rural area in 2005 = 492 million So, option D is negated. Only the instrumental prediction deals
12 with the tangible outcomes. Hence, option A is the correct
Rural population in 2010 = × 1100 = 240 million
55 option.
492
Hence, required ratio = = 2.05. 107. B Option A deals only with legal authorities and can be negated.
240 Option D is out of the scope of the passage. Option C does
96. D Option A is incorrect as Moore predicted that the cost of a not provide an adequate summary. Option B is the best
possible summary amongst the given options.
unit of computing power would fall by 50%, not 25%, every
18 to 24 months. Option B is incorrect as “high demand for
computers” is not mentioned. Popularity of removable media 108. A “Dernier cri” means newest fashion. Passage States that
Buffett outperformed the stock market in all kinds of economic
and internet lead to easy and cost effective ways to print
and transfer photographs. Option C is also incorrect. Hence, periods. Saddle shoes represent fashion and Vietnam refers
option D is the correct answer. to war and politics. Hence, option A is the correct answer.

97. B Statement I and IV are correct. Refer to the line “Kodak had 109. B Refer to lines “Unlike the modern … such as J.P. Morgan Sr.”
decided it was really a chemicals business...” given in the given in 1st paragraph. It clearly states that Buffet resembled
magnates of a previous age. Such as J.P. Morgan. Hence,
first paragraph.
Statement II & III are incorrect. Refer to lines “Well, chemically sequence III is the correct sequence. Option II is incorrect as
treated … original purchase price.” given in the first paragraph. Buffet was in Omaha in 1956. He went to California later.
It clearly states that customers and delivery channels are Hence, option B is the correct answer.
different for the two businesses. Hence, correct answer is
option B. 110. D Refer to 2nd paragraph, It states that Buffet is a private
person and did not show emotions easily. It also states he
98. D The second part of statement I is incorrect as the passage is lived a very simple life. Hence, option D is the correct answer.
silent on number of years that Carp had spent in the company.
111. C According to the tone of the passage, only ‘opportunity’ fits
Statement II is correct according to the passage but is not a
well in the second blank ‘Curare’ means a dried aqueous
reason for Kodak loosing its market share. Hence, correct
extract especially of a vine; ‘plutocracy’ refers to government
option is D.
by the wealthy and ‘serendipity’ means the faculty or
phenomenon of finding valuable or agreeable things not sought
99. C Statement II – 1988 (1st paragraph)
for. Hence, option C is the correct answer.
Statement III – 2005 (3rd paragraph)
Statement I – 2002 (3rd paragraph)
112. D The sentence states that growth has been unaffected inspite
Statement IV – 1993 (2nd paragraph) of the global economic crisis. Hence, ‘sustainedly’ fits
Correct option is C. appropriately in the first blank of the sentence and ‘resilient’
appropriately fits the second blank. Hence, option D is the
correct answer.

2011-13 | IIFT ADMISSION TEST | 9

113. C The versions of the happenings in the city are mentioned as 124. B The term ‘the stack’ is introduced in statement (II) and is
different; ‘conflicting’ fits appropriately in the first blank. discussed in statement (IV). ‘Of course’ in statement (I) makes
Unequivocally’ refers to clearly or undoubtedly and fits well it a concluding sentence. Moreover, ‘it’ in statement (I) refers
in the second blank because the cowardly act should be to the concept discussed in statement (III). So, statements
condemned. Hence, option C is the correct answer. (II)-(IV) and (III)-(I) are mandatory pairs. Hence, option B is
the correct answer.
114. A ‘Swivel’ is a device joining two parts so that one or both can
pivot freely (as on a bolt or pin). Thus, ‘swiveled’ fits well in 125. D (I) reasons out why the speaker does not ‘want to be the
the first blank of the sentence. Hence, option A is correct. turkey’. So (I) and (II) are a mandatory pair. ‘To focus’ in (IV)
connects to ‘solely on specific organs’ in (V). So, (IV) and
115. D ‘Arbitrarily’ refers to depending on individual discretion (as of (V) are also a mandatory pair. There two mandatory pairs
a judge) not fixed by the law. Thus, the sentence states that make option D correct.
Cairn cannot bring into picture an unrelated person on his
own discretion. Hence, option D is correct. 126. A The subject of the sentence in statement (V) is ‘knowledge’
in statement (I). So statement (I) and statement (V) form a
116. D ‘Dirigisme’ refers to economic planning and control by the mandatory pair. Statement (II) and statement (IV) also form a
state. Thus, it fits well in the first blank of the sentence. The mandatory pair as verb ‘tend’ in statement (II) has two objects
statement talks about the economic growth remaining ‘to forget’ in statement (I) and ‘forget’ in statement (IV).
unaffected by either dirigisme or serious policy reform. Statement (III) connects with the context discussed in
statement (II) and statement (IV). Hence, option A is the correct
117. B The two objects of comparison should be placed one after answer.
the other in the sentence i.e. ‘large and experienced firms’
and ‘large and inexperienced firms’ are compared in the 127. A ‘Statisticians, it has been shown, tend to leave their brains in
sentence on the basis of efficiency at acquiring smaller and the classroom’ is the correct and logical sequence. Statements
distressed firms. Hence, option B is the correct answer. (V) and (I) form a mandatory pair because statement (I) tells
where the statisticians leave their brain (in the classroom).
118. D In the underlined part of the sentence, ‘more than doubled Statements (III), (V) and (I) are in sequence. Hence, option A
that of’ is not an idiomatic expression. A mistake of similar is the correct answer.
kind is repeated in option A. In options B and C, the usage of
comma between ‘quarter’ and ‘that’ is inappropriate. Hence, 128. D Statements (II) and (I) form a mandatory pair as the conjuction
option D is the correct answer. ‘and’ in statement (II) connects and completes the thought
mentioned in statement (I). Statements (IV) and (III) also form
119. A In the question statement, ‘not only’ should be followed by a mandatory pair. Hence, option D is the correct answer.
‘but also’. A mistake of similar kind is there in option D. Usage
of ‘ignoring’ and ‘warning’ in the same modifier is incorrect. 129. C ‘Cared the least about them’ in statements (II) and (IV) is
Thereby making options B and C incorrect. logically consistent. Statements (III) and (VI) are a mandatory
Hence, A is correct. In option B not only ‘should be followed pair as statement (VI) indicates what people talked about.
by ‘but also’ not ‘and also’. Statements (I) and (III) also from a mandatory pair because
the idea of getting excited in talking about the figures is
120.* ‘The given question is incorrect. In option (A), 'decrepit' is connected in these two statements. Hence, option C is the
related to 'impuissance' as both the words mean 'weak'. correct answer.
However, 'desolate' is not related to 'desecrate' (to damage
or to treat with disrespect). In option (B), both the words are 130. B ‘Omniscient’ has unlimited knowledge. ‘Boundless’ has
related to the given pair. In option (C), 'ornery' which means unlimited expanse. Hence, they are related to each other.
bad tempered is not related to impuissance while 'contort' is
related to 'desecrate'. In option (D), 'bedraggled', which means 131. A ‘Disquietude’ is the state of being anxious. ‘Nonplus’ is the
to become wet, dirty or untidy by rain etc., is unrelated to state of being confused. So, there is a relation between
impuissance while 'profanity' is related to 'desecrate'. these two.
121. A ‘Insouciant’ refers to someone who is indifferent or
132. A One ‘deviates’ during a ‘lecture’ and one ‘meanders’ during a
nonchalant. ‘Perfunctory’, ‘pococurante’, and ‘nonchalant’ are
‘drive’. Hence, they are related to each other.
synonyms of ‘insouciant’. ‘Gossamer’ refers to something
delicate, light, or insubstantial. ‘Diaphanous’, ‘pellucid’ and
133. C ‘Nebulous’ lacks form. ‘Insipid’ lacks taste. Hence, there is a
‘tiffany’ are synonyms of ‘gossamer’, Nymphs and Gehenna
relation between these two.
are unrelated to insouciant and gossamer respectively.
Hence, option A is the correct answer.
134. D In option A ‘mistake’ is redundant because ‘blunder’ and
122. C In option C, the spelling of ‘dilettante’ is incorrect. The word ‘mistake’ mean the same and are unnecessarily repeated.
refers to an admirer or lover of the arts; a person having a One does not learn word by word but reads word by word.
superficial interest in an art or a branch of knowledge; dabbler. Option C is wrong because it should be ‘she does not know
In option C, the spelling of ‘reminiscence’ is incorrect. how to swim’. Hence, option D is the correct answer.
‘Reminiscence’ refers to recall to mind a long-forgotten
experience or fact. 135. B Option A is incorrect; ‘they’ has been wrongly used for an
investor. Option B is correct as it draws a parallel comparison.
123. D In option D, the correct spellings of words are ‘munificent’ Option C is incorrect as it uses ‘are’ for ‘the number’. ‘The
and pusillanimous’. ‘Munificent’ means very liberal in giving or number’ is always singular. Option D is incorrect as in this
bestowing. ‘Pusillanimous’ means lacking courage and context the CEO must consult the employees not consider
resolution. the employees.

10 | IIFT ADMISSION TEST | 2011-13