IIFT_2011_Question_Paper_with_Detailed_Solutions_and_Answer_Key.pdf

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M-PP-02 1A.1 Question Booklet Serial No. ADMISSION TEST FOR PROGRAMME 2012 - 2014 Time:2 Hours Marks: 100 ROLL NUMBER NAME (in Capital Letters) INSTRUCTIONS 1.Write the Question Booklet Serial Numberin the space provided in the Answer Sheet. Question Booklet Serial Numberis given at the top of this page. 2.Write your Roll No.clearly in the space provided in both the Question Bookletand the Answer Sheet. 3.Mark your answers in the Answer Sheet only. The Answer Sheet alonewill constitute the basis of evaluation. 4.All rough workmust be done in the Question Booklet only. 5.Do not make any stray marks anywhere in the answer sheet. 6.Do not fold or wrinkle the answer sheet. 7.Use only HB Pencil tomark the answersin the answer sheet. 8.All Questions have one correct answer. Every answer must be indicated clearly darkening one circle for each answer. If you wish to change an answer, erase completely the already darkened circle, then make a fresh mark. If you darken more than one circle your answer will be treated as wrong, as shown in the example below:WRONG METHOD RIGHT METHOD 9.There is negative marking equivalent to 1/3rdof the markallotted to the specific question for wrong answer. 10.The candidates are advised to read all options thoroughly.11.No clarification of any sort regarding the question paper is permitted. IIFT QUESTION PAPERIIFT 2011 1A 2 3 2 3 4
IIFT 2011 M-PP-02 1A.2 THE ENTIRE QUESTION PAPER IS DIVIDED INTOTHE FOLLOWING SECTIONSSECTIONS NO. OF QUESTIONS MARKS PER QUESTION TOTAL MARKS (a) (b) (c) (d) = (b) × (c) Section 1 15 (Questions 1 15) 0.75 11.25 Section 2 23 (Questions 16 38) 0.75 17.25 Section 3 24 (Questions 39 62) 1.00 24.00 Section 4 16 (Questions 63 78) 1.00 16.00 Section 5 21 (Questions 79 99) 1.00 21.00 Section 6 21 (Questions 100 120) 0.50 10.50 Total 120 100.00
IIFT 2011 M-PP-02 1A.3 Section I Direction for questions 1 to 4:Read the following passage carefully and answer the questions given at the end. Passage 1 Before the internet, one of the most rapid changes to the global economy and trade was wrought by something so blatantly useful that it is hard to imagine a struggle to get it adopted: the shipping container. In the early 1960s, before the standard container became ubiquitous, freight costs were I0 per cent of the value of US imports, about the same barrier to trade as the average official government import tariff. Yet in a journey that went halfway round the world, half of those costs could be incurred in two ten-mile movements through the ports at either end. The predominant ‘break-bulk’ method, where each shipment was individually split up into loads that could be handled by a team of dockers, was vastly complex and labour-intensive. Ships could take weeks or months to load, as a huge variety of cargoes of different weights, shapes and sizes had to be stacked together by hand. Indeed, one of the most unreliable aspects of such a labour-intensive process was the labour. Ports, like mines, were frequently seething pits of industrial unrest. Irregular work on

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