IIFT 23 Dec 2021 LRDI | Previous Year IIFT Paper
The Table gives the data for the Currency exchange rates and Stock market Indexes. Anyperson in any country can invest in any market or currency. For investing in a country one has to use homecurrency of that country. One can either invest or withdraw on 1st of each month only.
Note: The closing price of currency and Index of a month is same as opening price of the first day of thenext month
If an Indian has invested Rs.93,000 in UK Stock Market in January 2019 then in which month his/her portfolio has declined by maximum percentage in rupee terms?
- A.
April 2019
- B.
May 2019
- C.
June 2019
- D.
July 2019
Answer: Option D
Explanation :
From the table, we can see that the % decline in the rupee was maximum in the month of July among the options and also the stock index of UK was lowest in July among the given months so the maximum decline in the portfolio was in July.
Workspace:
If an Indian has invested Rs. 100,000 in 1st January 2019 till 1st January 2020, then whichoption is best for her?
- A.
Depositing in an Indian bank at 9% per annum
- B.
Investment in Indian Stock Market
- C.
Investment in USA Stock Market
- D.
Investment in UK Stock Market
Answer: Option C
Explanation :
The percentage increase in the USA market index is the maximum among the three markets in a year.
Workspace:
If a person from USA Invest $1500 in Indian stock market in 1st February then, on which of thefollowing date investment reaches a maximum value in Dollar terms?
- A.
1st May 2019
- B.
1st June 2019
- C.
1st October 2019
- D.
1st December 2019
Answer: Option C
Explanation :
Since on 1st October, the value of the rupee has gotten stronger than its value on 1st February so the investor will be able to draw more dollars for a given amount of rupee and also the Indian stock market has reached the second-highest value among the options given so the value investment is maximum on 1st October in dollars term.
Workspace:
If a person from India Invest Rs. 108,000 in US stock market in the month of January 2019 then, on which one of the following dates the investment reaches minimum value in rupee terms?
- A.
1st May 2019
- B.
1st June 2019
- C.
1st October 2019
- D.
1st November 2019
Answer: Option A
Explanation :
Among the given options since the dollar got weak the most on 1st May 2019 and also the US market index fell below the value of the index on 1st January so therefore the minimum value reaches was in 1st May 2019.
Workspace:
Below tables give production and sales data for 4 different categories of vehicles, in last 6 years. In any category, if the production is less than domestic sales and exports then they are imported. If the production is in excess of domestic sales and exports then they are stocked up (inventory is created) to be used in the subsequent years. There was no inventory at the beginning of year 2014 15.
How many vehicles were imported in year 2017-18?
- A.
76
- B.
59
- C.
0
- D.
64
Answer: Option B
Explanation :
In 2017-18 only the production of commercial vehicles is less than the domestic sales and exports, so only commercial vehicles are imported.
No. of commercial vehicles imported = 954 - 895 = 59
Workspace:
How many two wheelers were in Inventory by the end of 2019 -20?
- A.
98
- B.
0
- C.
198
- D.
281
Answer: Option D
Explanation :
The inventory of two-wheelers which was created in 2014-15 is used up in 2015-16. The production of two-wheelers was more than the domestic and sales of two-wheelers therefore,
No. of two-wheelers in inventory by the end of 2019-20 = (19934 - 19930) + (23155 - 23015) + (24500 - 244661) + (21036 - 20938) = 4 + 140 + 39 + 98 = 281
Workspace:
In which year import of number of vehicles is highest?
- A.
2015 - 16
- B.
2016 - 17
- C.
2017 - 18
- D.
2018 - 19
Answer: Option C
Explanation :
Total vehicles imported in 2015 - 16 = (789 - 787) + (942 - 934) = 2 + 8 = 10
Total vehicles imported in 2016 - 17 = (3807 - 3802) + (822 - 810) = 5 + 12 = 17
Total vehicles imported in 2017 - 18 = (4037 - 4020) + (954 - 895) = 17 + 59 = 76
Total vehicles imported in 2018 - 19 = (4053 - 4028) = 25
Workspace:
In which of the following year inventory has maximum number of different categories?
- A.
2014 - 15
- B.
2015 - 16
- C.
2016 - 17
- D.
2018 - 19
Answer: Option D
Explanation :
From the table, we can say the for the year 2018-19 the inventory contains commercial vehicles, three-wheelers and two-wheelers.
So there are three distinct types of vehicles which is the maximum number for any year.
Workspace:
Read the following passage:
ABC Ltd is a beverages company which markets and sells six products (Product 1 to Product 6) in Tier-I cities of India. The sales are managed by a team of five sales managers (Raj, Roy, Ravi, James and Rishab)who report to Assistant Vice President of Sales. Each sales manager manages a separate territory. They are given half yearly product-wise target and rewarded with gold points for good performance or penalized with red points for underperformance. They are assessed for each product separately. They earn one gold point if performance for a product is equal to or more than 100% but less than 150%. They earn one more gold point if performance is equal to or more than 150%. These points are considered for promotion. If they earn gold points in two or more products, they get one extra bonus gold point. In case they under perform in a product (i.e. less than 100%), one gold point is deducted provided they have earned through performance in any other product/products but in case they have not earned any gold point they are given a red point.
Hence, at the end of assessment, each sales manager can have either gold points or red points, depending on their performance and penalties in six products.
Performance of Manager for a Product (%) = × 100
Revenue targets and achievements for the period January - June 2020 are given below.
For which of the following manager -product combination, the performance is closest to 100% ?
- A.
Raj-Product 3
- B.
Raj - Product 4
- C.
Ravi- Product 1
- D.
Rishab- Product 2
Answer: Option A
Explanation :
For option A the target is 47 and achievement is 46, so Performance = × 100 = 97.87%
For option B the target is 83 and achievement is 79, so Performance = ×100 = 95.18%
For option C the target is 90 and achievement is 87, so Performance = × 100 = 96.66%
For option B the target is 97 and achievement is 84, so Performance = × 100 = 86.60%
Workspace:
Who among the following managers has overall average performance closest to 100%?
- A.
Raj
- B.
Roy
- C.
James
- D.
Rishab
Answer: Option D
Explanation :
Overall performance = × 100
Overall performance of Raj = × 100 = 87.29%
Overall performance of Roy = × 100 = 75.51%
Overall performance of James = × 100 = 124.85%
Overall performance of Rishab = × 100 = 87.73%
Rishab's performance is closest to 100.
Workspace:
How many managers have performance greater than 150 percent in one or more products?
- A.
2
- B.
3
- C.
4
- D.
6
Answer: Option B
Explanation :
From the table we can conclude that Raj, James and Rishab have performance greater than 150% for one or more product.
Workspace:
How many managers will finally get four red points?
- A.
1
- B.
2
- C.
3
- D.
4
Answer: Option A
Explanation :
For 4 red points a manger need to get one gold point in one of the products and 5 red points in the remaining products.
Only Roy got one gold point and 5 red points across the products so only 1 manager will have four red points.
Workspace:
Read the following passage:
D Techno, a small firm, has eight employees (Employee IDs 1001 to 1008) working in three departments(Department A, Department B and Department C) who are involved in various planning and executionprocesses of the firm. Department C has more employees than other two departments. Most of theseemployees are involved in both, planning and execution processes, whereas remaining employees are involved in either planning or execution processes only. Employees are rated for their performance usingsix Key Performance Indicators (KPI), three indicators for performance in three planning processes(Planning KPI1 to Planning KPI3) and three indicators for performance in execution processes(ExecutionKPI1 to ExecutionKPI3). Rating varies from zero to ten where ten indicates best performance(Fig A and Fig B). Planning Average Rating is derived as average of all three Planning KPI Ratings andExecution Average Rating is average of all three Execution KPI Ratings (Fig C). Final Weighted Rating isweighted sum of Planning Average Rating and Execution Average Rating. Each department uses its own weightages for planning and execution KPIs to calculate Final Weighted Rating. One of the departmentsgives 40% weightage to Planning Average Rating & 60% to Execution Average Rating, second departmentgives 30% & 70% and third department gives 80% & 20%. Final Weighted Rating of all employees is shown in Fig.D.
Figure A
Figure B
Figure C
Figure D
How many employees have got zero rating in any of their six KPI Ratings?
- A.
1
- B.
3
- C.
4
- D.
6
Answer: Option D
Explanation :
We can count from the tables given that a total 6 employees have got a ration of 0 in atleast one of the KPI rating.
Workspace:
Who among the following employees is working in Department C?
- A.
1001
- B.
1003
- C.
1004
- D.
1005
Answer: Option D
Explanation :
From the final weighted rating , planning average rating and execution average rating we can calculate the departments to which they belong on the basis of weightage distribution.
Employee 1001 has a planning average rating of 9 and execution average rating of 3 and final rating is 4.2
Using weighted average method we can say than 20% weightage is given to planning and 80% weightage is given to execution average rating.
Similarly for other employees also we can calculate this
Employees in department which gives 40% weight to planning 60% weightage to execution are 1001, 1002
Employees in department which gives 30% weight to planning 70% weightage to execution are 1003, 1004
Employees in department which gives 20% weight to planning 80% weightage to execution are 1007, 1008, 1005, 1006
Department C has maximum employees so 1005, 1006, 1007, 1008 belong to department C.
Workspace:
How many employees are managing all the six process (three processes of Planning and threeprocesses of Execution)? Hence, they have been rated for all six process KPIs.
- A.
2
- B.
3
- C.
4
- D.
5
Answer: Option A
Explanation :
From charts we can see that only employee 1001 and 1002 have been rated in all the six KPIs.
Workspace:
Who among the following are working in same department?
- A.
1001 and 1007
- B.
1002 and 1008
- C.
1006 and 1008
- D.
1004 and 1005
Answer: Option C
Explanation :
From the final weighted rating , planning average rating and execution average rating we can calculate the departments to which they belong on the basis of weightage distribution.
Employee 1001 has a planning average rating of 9 and execution average rating of 3 and final rating is 4.2
Using weighted average method we can say than 20% weightage is given to planning and 80% weightage is given to execution average rating.
Similarly for other employees also we can calculate this Employees in department which gives 40% weight to planning 60% weightage to execution are 1001, 1002
Employees in department which gives 30% weight to planning 70% weightage to execution are 1003, 1004
Employees in department which gives 20% weight to planning 80% weightage to execution are 1007, 1008, 1005, 1006
Workspace:
Based on the information answer the questions which follow.
In a toy shop, there are 5 toys, Doll, Teddy Bear, Remote Car, Board Game and an Airplane. The cost priceand selling price are among ₹ 950, ₹ 1000, ₹ 1050, ₹1150 and ₹ 1200. The selling prices are different forall toys, and cost prices are different for all toys. The cost price of Remote Car is equal to the selling priceof Airplane and on the sale of both the shop incurred a loss. On selling Teddy Bear the shop earned a profit.The profit earned by selling any article is more than ₹ 50 and the profit is not same for any product.Similarly, the loss incurred for any two products are not same. The toy shop earned a profit on only 2products. It is also known that the Cost Price of the Board Game is lowest while the selling price of TeddyBear is ₹1150. The Profit/Loss made on selling Doll and Teddy Bear are equal in absolute terms.
What is the selling price of Remote Car?
- A.
1150
- B.
950
- C.
1200
- D.
1000
Answer: Option B
Explanation :
Workspace:
What is the difference between the cost price and selling price of Board Game?
- A.
250
- B.
200
- C.
100
- D.
150
Answer: Option A
Explanation :
Workspace:
Which article has a selling price of ₹1050?
- A.
Teddy Bear
- B.
Doll
- C.
Airplane
- D.
Board Game
Answer: Option B
Explanation :
Workspace:
Which statement is true?
- A.
Selling Price of Board Game is ₹1050
- B.
Profit made by selling a doll is ₹100
- C.
The cost price of Airplane is equal to selling price of Board Game
- D.
The profit made by selling Board Game is equal to loss made by selling Airplane.
Answer: Option C
Explanation :
Workspace:
Read the following passage:
In a B-school admission, a candidate is selected based on an entrance exam score and weightage tograduation stream and gender.
Selection is also based on interview. There are 6 graduation streams namely, MBBS, Law, Economics, Fashion Technology, CA and
Engineering, which are given different weightswith a difference of 5 each by the B-school. Silos were created for 10 candidates P, Q, R ,S,
T, U, V, W, Xand Y to assess their scores and out of 10 candidates, 7 were selected for admission. In a silo not morethan 2 candidates are from the same stream. No candidate was selected from Law stream and the finalscore of each candidate is same as the weightage for the graduation stream. Some more details providedare as follows:
(i). In the silo there are 6 females and 4 males, out of which 4 females and 3 males were selected. Onefemale and one male from the lowest weightage stream were selected with a score of 60.
(ii). Fashion Technology is the stream with highest weightage with only one candidate who is also selectedfrom this stream. R is a male, the only candidate from MBBS and not from the lowest scoring stream, whileQ a female is from engineering and is selected.
(iii). CA has a score of 70 in which 2 candidates appeared but only one female was selected.
(iv). T is from Fashion Technology while P is an engineer. V is an unselected male while U scored 65 and isfrom Economics. 2 candidates from Economics were selected.
(v). W is a selected CA and X and Y are not from the same stream. Y scores 80 while S scores 65.
In how many streams were both the appearing candidates selected?
- A.
1
- B.
2
- C.
3
- D.
4
Answer: Option B
Explanation :
Fashion and MBBS have only 1 student. Thus, 2 students are law graduates.
Also, since U and S scored a score of 65 and U is from economics, S will also be from economics.
Since 1 student each from law and CA are left, X and Y are from Law and CA.
Since W scored 70 and Y scored 80, X is a CA graduate, and Y is from the law.
Also, since MBBS does not have the lowest Silo, thus, engineering will have the lowest Silo.
The Silo of MBBS will be 75, and that of the engineer will be 60.
From statement 3, since W is selected, X will not be selected.
Now since 2 law students and 1 CA is not selected, all the other candidates will be selected(since only 3 people were rejected).
Since both the candidates from Engineering and Economics were selected, the correct answer will be 2.
Thus, B is the correct option.
Workspace:
Which statement is always true?
- A.
S is a selected female
- B.
U is a male candidate from Economics
- C.
X is an unselected female candidate from CA stream
- D.
P is a selected female with score 60
Answer: Option C
Explanation :
Fashion and MBBS have only 1 student. Thus, 2 students are law graduates.
Also, since U and S scored a score of 65 and U is from economics, S will also be from economics.
Since 1 student each from law and CA are left, X and Y are from Law and CA.
Since W scored 70 and Y scored 80, X is a CA graduate, and Y is from the law.
Also, since MBBS does not have the lowest Silo, thus, engineering will have the lowest Silo.
The Silo of MBBS will be 75, and that of the engineer will be 60.
From statement 3, since W is selected, X will not be selected.
Now since 2 law students and 1 CA is not selected, all the other candidates will be selected(since only 3 people were rejected).
Since 3 out of 4 males are getting selected and V is already rejected, all the other rejected candidates are female.
Thus, X is a female rejected candidate from CA.
The correct option is C.
Workspace:
What is the maximum possible difference in the scores of the highest scoring selected female candidate and lowest scoring male candidate?
- A.
30
- B.
20
- C.
25
- D.
35
Answer: Option C
Explanation :
Fashion and MBBS have only 1 student. Thus, 2 students are law graduates.
Also, since U and S scored a score of 65 and U is from economics, S will also be from economics.
Since 1 student each from law and CA are left, X and Y are from Law and CA.
Since W scored 70 and Y scored 80, X is a CA graduate, and Y is from the law.
Also, since MBBS does not have the lowest Silo, thus, engineering will have the lowest Silo.
The Silo of MBBS will be 75, and that of the engineer will be 60.
From statement 3, since W is selected, X will not be selected.
Now since 2 law students and 1 CA is not selected, all the other candidates will be selected(since only 3 people were rejected).
The maximum possible difference will be when T is female and U/S is male.
The difference in silos = 85 - 60 = 25.
Thus, the correct option is C.
Workspace:
If out of 3 selected males, the highest scoring male withdraws admission, then a male from the waiting list is selected. In the present silo, from which stream will be a male candidate (from the waiting list) get selected?
- A.
Law
- B.
CA
- C.
Engineering
- D.
MBBS
Answer: Option A
Explanation :
Fashion and MBBS have only 1 student. Thus, 2 students are law graduates.
Also, since U and S scored a score of 65 and U is from economics, S will also be from economics.
Since 1 student each from law and CA are left, X and Y are from Law and CA.
Since W scored 70 and Y scored 80, X is a CA graduate, and Y is from the law.
Also, since MBBS does not have the lowest Silo, thus, engineering will have the lowest Silo.
The Silo of MBBS will be 75, and that of the engineer will be 60.
From statement 3, since W is selected, X will not be selected.
Now since 2 law students and 1 CA is not selected, all the other candidates will be selected(since only 3 people were rejected).
Since only male V is not selected, he will move up the waiting list.
Thus, the correct option is A.
Workspace:
Read the following passage:
Four colleagues A,B,C and D during lunch time which is from 1:00 - 1:30 pm on a given day go for a walkthrough 2 different routes i.e. they exit from one gate and enter from the other one. A straight path, within the office, connects Gates 1 and 2. A and B exit from Gate 1 and enter from Gate 2, and again move towards Gate 1 using the straight path; while C and D exit from Gate 2 and enter from Gate 1, and again move towards Gate 2 using the straight path. The routes are in clockwise direction i.e. Gate1 to Gate 2 aperson can only walk in clockwise direction and similarly from Gate 2 to Gate 1. It takes 4 minutes to walkfrom Gate 1 exit to Gate 2 entrance and 6 minutes to walk from Gate 2 exit to Gate 1 entrance. The time taken to walk from Gate 1 to Gate 2 and vice versa within the office is 1 minute.
Initially, the colleagues leave at a gap of 2 minutes each in the order of B, A, C and D during lunch time. Each person starts thenext round of walk immediately after completing the first round.
If A leaves from Gate 1 at 1:02 pm, when will A leave for his third round?
- A.
1:16 pm
- B.
1:12 pm
- C.
1:18 pm
- D.
1:24 pm
Answer: Option B
Explanation :
Since A is moving from Gate 1 to Gate 2 and then coming back to Gate 1, the total time for completion of one round will be 5 minutes.
After completion of 2 rounds, i.e., after 10 minutes, A will leave for the third round. Thus, the correct answer is B.
Workspace:
If D leaves Gate 2 at 1:15 pm, following the same sequence as stated in the passage, thenwhich of the two colleagues will meet at Gate 2 before 1:30 pm?
- A.
A and B
- B.
C and A
- C.
D and A
- D.
B and D
Answer: Option B
Explanation :
Workspace:
Read the following passage:
On a picnic trip of a company, 3 hotels Trident, Hilton and Park were booked for 90 employees. 6 of the employees were willing to stay at any hotel. 12 wanted to stay in only Trident. 18 wanted to stay in only Park. Only Hilton had two times the employees as there were in Trident and Park only. Only Hilton and Parkhad three less than only Trident and Hilton. Also not more than 7 employees can stay in only Trident andHilton.
How many employees can stay in Hilton?
- A.
47
- B.
44
- C.
45
- D.
46
Answer: Option C
Explanation :
Now, total employees in Hilton = 2X + 2Y + 9 = 36 + 9 = 45
Thus, the correct option is C
Workspace:
How many employees can stay in Trident and Hilton only?
- A.
4
- B.
6
- C.
7
- D.
5
Answer: Option B
Explanation :
The number of employees in Trident and Hilton will be Y + 3 = 6.
Thus, the correct answer will be B.
Workspace:
Complete the following sequence:
5, 72, 412, 2658, __________?
- A.
12772
- B.
21264
- C.
21512
- D.
18876
Answer: Option C
Explanation :
The series is in the form of 2nan + 62 (n − 1), n > 1, where a1 = 5
For n = 2, a2 = 5 × 2 + 62 × 1 = 72
For n = 3, a3 = 72 × 4 + 62 × 2 = 412
For n = 4, a4 = 412 × 6 + 62 × 3 = 2658
For n = 5, a5 = 2658 × 8 + 62 × 4 = 21512
Thus the correct option is C.
Workspace:
A word arrangement, when rearranged by given input follow a particular rule/logic in each step.Following is an example of input and rearrangement. Study that rule/logic and apply on given problem.
INPUT: man’s mood varies with time and environment
Steps/Results:
I. Varies with man’s mood environment and time
II. And time environment mood man’s varies with
III. Environment time and varies with mood man’s
IV. And varies environment time man’s mood with
If Step IV reads, 'everyone was aware about their beautiful friendship', what will be the three middle wordsof Step II?
- A.
their beautiful aware
- B.
aware beautiful their
- C.
everyone were friendship
- D.
aware were beautiful
Answer: Option B
Explanation :
Since the question is only considering the 4th and 2nd lines,
Let us consider the third line of the illustration and arrange the 4th and 2nd lines accordingly.
III. Environment time and varies with mood man’s
Let Environment - 1, time - 2, and - 3, varies - 4, with - 5, mood - 6, and man's - 7.
Now, the coded version of III will be 1234567.
From the illustration, the code IV will be 3412765 and II will be 3216745.
Now after applying a similar code pattern in Step IV of the asked question, step II will be
Everyone about aware beautiful their was friendship.
Thus, the correct answer is B.
Workspace:
Feedback
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.