IIFT 2017 GK Analysis and Expected Cut-Off
Overall Paper Analysis
Looking at the paper today it reminded me of IIFT 2014 Paper when the paper was lengthy and quite difficult with 6 sectional cut-offs. The overall cut-off that year for General Candidates went down to 38.5. We expect the overall cut-off to remain around 37-40 this year as well.
GK Section Q & A Key
Q1. Match the following conglomerates with its tagline
a.
Growth is life i. General Electric
b.
Imagination at Work ii. Reliance Industries Limited
c.
High Performance Delivered iii. Accenture
d.
Because you are worth it iv. Loreal
Option A – a – I, b-iii, c-iv, d-ii
Option B – a – I, b – ii, c- iii, d-iv
Option C – a- I, b-ii, c-iv, d-iii
Option D – a-ii, b-I, c-iii, d-iv
Correct Answer – Option D. The answer could be derived from Accenture and
Loreal’s taglines as these are the more advertised companies.
LOD - Moderate
Q2. Method to safeguard against losses due to currency
fluctuations is popularly known as –
A.
Risk Premium
B.
Hedging
C.
Round Tripping
D.
Bond
Indexation
Correct Answer – Option B – Hedging – Required basic
knowledge of Finance
LOD - Moderate
Q3. Which of the following is not correct about Regional
Comprehensive Economic Partnership (RCEP)?
A.
It is a Free Trade Agreement of 16 countries of
Asia Pacific Region including India
B.
Member states account for a population of 3.4
Billion People with a GDP of $ 49.5 Trillion (at PPP)
C.
RCEP potentially includes more than 3 Billion
people or 45% of the World’s population
D.
Combined GDP of negotiating member states is about
$21.3 Trillion accounting for about 40% of the World trade
Correct Answer – All the Options are correct. Question is
incorrect.
LOD – Difficult
Q4. Soulmate is a famous Indian Band. Identify the genre of
music they are famous for, name the place they come from –
A.
Blues Rock, Shillong
B.
Hard Rock, Goa
C.
Punk Rock, Puducherry
D.
Psychedelic, Mumbai
Correct Answer – Blues Rock, Shillong. Even if you didn’t know
the genre, it comes from Shillong is widely known.
LOD – Difficult
Q5. XYZ is an Indian
English language broadsheet daily Newspaper founded in 1875 and published simultaneously in
various cities of India. It is a direct descendant of the two newspapers, The
Englishman and The Friends of India which later merged with XYZ. It is
currently owned by Nachiketa Publications, Kolkata. Identify XYZ out of the
following –
A.
Times of India
B.
Business Standard
C.
The Statesman
D.
Tribune
Correct Answer –
Option C – The Statesman. If you belong to Kolkata this should be doable,
it is quite popular there. It would be difficult for aspirants from other
cities.
LOD – Difficult
Q6. Which London based group founded in Mid-1910’s, started
out as a money lender before expanding to include business to import of dried
fruit, jute, textiles and tea. The Business grew steadily under the Shah of
Iran. …… This famous conglomerate has a large presence in India also. Identify the group.
A.
Ruia Group
B.
Mittal Group
C.
Oswal Group
D.
Hinduja Group
Correct Answer –
Option D – Hinduja Group is a famous Indian group based in London, it has a
large presence in India with their Ashok Leyland trucks and buses.
LOD - Moderate
Q7. Match the companies with their CEO’s of Indian Origin
a.
Adobe i.
George Kurian
b.
Cognizant ii.
Sanjay Mehrotra
c.
Micron iii.
Rajeev Suri
d.
NetApp iv.
Francisco D’Souza
e.
Nokia v.
Sanjay Kumar Jha
f.
Global Foundries vi.
Shantanu Narayan
A.
a-iii, b-I, c-ii, d-vi, e-iv, f-v
B.
a-I, b-iv, c-v, d-ii, e-vi, f-iii
C.
a-vi, b-iv, c-ii, d-I, e-iii, f-v
D.
a-vi, b-iii, c-iv, d-v, e-I, f-ii
Correct Answer – Option C. Shantanu Narayan is well known
CEO of Adobe and has been in NEWS, so you could have eliminated two options
easily, followed by Rajeev Suri from Nokia. Knowing these two was enough to
answer this question.
LOD – Moderate
Q8. Saina Nehwal triumph at Malaysia Masters Final
A.
Saina received a knee injury during Rio Olympics
B.
Pornpawee Chochuwong is from Thailand
C.
Saina missed her qualification mark for Sharjah
World Super Series Finals
D.
None of the Above
Correct Option – C – None of the Above. It was a factual news
article, a first in IIFT. There is no Sharjah World Super Series Finals , but
Dubai Super Series Master.
LOD – Difficult
Q9. West Bengal won the Santosh Trophy
A.
West Bengal won the Santosh Trophy for the 32nd
time after 1-0 win over Goa
B.
Goa tried their best and controlled the match,
but ran-out of steam in the extra time.
C.
West Bengal, thus ended a six year wait having
won the title in 2011
D.
Goa last won it in 2010
Correct Option – Option D. Goa last won the Santosh Trophy in 2009.
LOD – Difficult.
Q10. Who among the following cricketers has the highest
individual score in Women’s ODI?
A.
Belinda Clark
B.
Harmanpreet Kaur
C.
Chamari Attapattu
D.
Charlotte Edwards
Correct Option – Option A. Belinda Clark.
LOD – Difficult
Q11. India is building which port in iran in order to
improve the trade connectivity with Iran, Afghanistan and Central Asia
Countries.
A.
Chabahar Port
B.
Bandar Khomeini
C.
Bandar Abbas
D.
Bandar Mahshahr
Correct Option – Option A. India and Iran signed the deal to
build Chabahar Port in 2006. Pretty much in news and hence anyone who is a
regular newspaper reader would have got this one.
LOD – Moderate
Q12. Which of the following stock market index is not
correctly matched with the country?
A.
Japan – Nikkei
B.
South Korea- KOSPI
C.
France- CAC
D.
United Kingdom – MTSE
Correct Answer – Option D. Eliminate all the others and you
get MTSE, UK as there is no stock exchange called MTSE.
LOD – Moderate
Q13. Which of the following pair of country-present currency
is not correctly matched?
A.
Tunisia – Dinar
B.
Israel – Israeli Lira
C.
Syria – Syrian Pound
D.
Qatar – Riyal
Correct Answer – Option B. Lira is the currency of Turkey.
Anyone who studied the currency and country list should have done it easily.
LOD – Moderate
Q14. Which of the following
brands has not been endorsed by Amitabh Bachhan?
A.
Everest Masala
B.
Tata Sky
C.
ICICI Bank
D.
Rasna
Correct Answer – Option D. Amitabh Bachhan has not endorsed
Rasna.
LOD – Difficult
Q15. Which of the following is not correct for GOI’s Make in
India?
A.
It is launched by PM of India in 2014.
B.
It aims to attract Foreign Investment for faster
Industrial development of India
C.
It aims to substitute the imports of India
D.
It focuses on 25 sectors of the economy
Correct Answer – Option C.
LOD – Difficult
Q16. Which of the following is not correct about Ease of
Doing Business index?
A.
Economies are ranked on their ease of doing
business , from 1-190
B.
A high Ease of Doing Business ranking means the
regulatory environment is more conducive
C.
Regulations covering financial markets, level of
employment and intellectual property are an important parameter in determining
the country ranking.
D.
The rankings are determined by sorting the
aggregate distance to frontier scores on 10 topics, each consisting of several
indicators giving equal weight to each topic.
Correct Answer – Option C. Ease of Doing Business does not
cover all the regulation, or all the regulatory requirements. Other types of
regulation such as financial market, environment, or intellectual property
regulations that are relevant for the private sector are not considered.
LOD - Difficult
Q17. Match the following logos with the type of Organization
–
i.
Multilateral Organization a. Mitsubishi
ii.
International Airlines b. Adidas
iii.
Sports Goods Manufacturer c. Lufthansa
iv.
Media Production House d. World Bank
v.
Japanese Conglomerate e. Dreamworks Animation
A.
I-a, ii-e, iii-b, iv-d, v-c
B.
I-d, ii-c, iii-a, iv-b,v-e
C.
I-d, ii-c, iii-b, iv-e, v-a
D.
I-e, ii-a, iiii-c, iv-b, v-d
Correct Option – Option C. The more famous logos here
include Adidas and Lufthansa, one could have easily answered the question based
on these 2.
LOD - Moderate
Q18. Choose the odd one out of the following Fortune 500
Companies with their Sectors and Headquarters
a-Berkshire Hathaway i. Financial 1. New York
b. Walgreens Boots Alliance ii.
Wholesalers 2. Deerfield
c. Verizon iii.
Telecommunications 3. New
York
d. Amazon.com iv.
Technology 4.
Seattle
A. a-i-1
B. b-ii-2
C. c-iii-3
D. d-iv-4
Correct Option – Option A. Berkshire Hathaway is
headquartered in Omaha in Nebraska. If you knew Warren Buffet is called the Wizard
of Omaha you could have answered this correctly.
LOD – Difficult
Overall GK Section Analysis
The GK Section was tough and required an
in-depth knowledge of the global business scenario. Some questions were obscure
in Sports and event an ardent sports fanatic could have got the answers wrong.
The section was not direct forward as has been the trend in the past.
Expected cut-off – 0.5-1
Join our GK Courses for SNAP, XAT and TISSNET now to score about 25-30% of the overall cutoff in just 15 minutes.
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