Dear readers,
This quiz consists of questions from
various past papers of MBA entrance exams. Leave your answers/ responses in the
comments section below and soon we’ll let you know the correct answers!
Directions
for questions 1 – 3: Read the following instructions and answer the questions.
After the discussion at a high level
meeting of government officers, the criteria for issuing of import / export
licence to eligible business firms for the year 2011-12 were finalized as
follows. The firms must
I. have a Grade – ‘A’ certified unit for
any products.
II. not have any legal dispute case against
it.
III. possess minimum asset worth Rs. 40
lakhs.
IV submit an environmental clearance
certificate issued by the Pollution Control Board (PCB) of the state where the
firm is located.
V. deposit the margin money of Rs. 1 lakh.
VI. arrange for three guarantors with their
personal identity cards (IDs).
However, if the firm satisfies all the
above mentioned criteria except:
a) criteria (I), but is a traditional
handloom production unit, then the case may be referred to Development
Commissioner, Handloom (DCH) of the state.
b) criteria (IV), but is a local employment
provider / thread (input) supplier / cloth supplier, the case may be referred
to the Director, Department of Industry of the state.
c) criteria (V) but can deposit at least
Rs. 50000, the firm will be given import licence only and the case may be
referred to the Deputy Director, Department of Industry of the state.
Based on the above criteria and information
provided on each of the firms in the questions below, you have to decide which
course of action should be taken against each firm. Without assuming anything
regarding any applicant firm, the decision should be based on the information
provided.
1. Mahalaxmi Weaving Centre is a traditional handloom
production unit. It has property worth more than Rs. 1 crore. It managed to get
three guarantors with their personal IDs. No legal case is there against it.
There is no problem submitting an environmental clearance, as the same is
already issued to it by the State Pollution Control Board. It is also ready to
deposit Rs. 1 lakh.
A. Licence can be issued
B. Licence not to be issued
C. May be referred to the Development
Commissioner, Handloom
D. May be referred to the Director of
Industry
2. Ramayan Enterprise is a textiles firm which
possesses assets worth Rs. 50 lakhs and is located in Surat where no firm
having any legal dispute is permitted to operate. The firm agreed to deposit
Rs. 1 lakh and give details of three guarantors with their personal details as
required. It has got grade-A certificate and can submit an environment
clearance certificate issued by the Pollution Control Board of the state.
A. Licence can be issued
B. Licence not to be issued
C. May be referred to the Development
Commissioner, Handloom
D. May be referred to Deputy Director of
Industry
3. Hirabhai Handlooms is a Vadodara based traditional
Gujarati handloom firm keen to get an export licence. It is ready to pay the
required security amount and possesses assets of Rs. 55 lakhs. Hirabhai
Chamanlal is the owner of the firm as well as the President of State Handloom
Association. Hence getting more than three guarantors with their IDs is not a
problem. The firm possesses the environmental clearance certificate from the
State Pollution Control Board after it was made mandatory for all handloom firms
in the state.
A. Licence to be issued
B. Licence not to be issued
C. May be referred to the Development
Commissioner, Handloom
D. May be referred to the Director of
Industry
Direction
for questions 4-5: Each of the questions below starts with a few statements,
followed by four conclusions numbered 1, 2, 3 and 4. You have to consider every
given statement as true, even if it does not confirm to the accepted facts.
Read the conclusions carefully and then decide which of the conclusion(s)
logically follow(s) from the given statements, disregarding commonly known
facts.
4.
Statements:
a.
Some boys are scholars
b.
Some teachers are boys
c.
All scholars are observers
Conclusions:
1. Some scholars are boys
2. Some scholars are not boys
3. Some observers are boys
4. Some teachers are scholars
Answer:
A. 1, and 3 follow
B 1, 3 and 4 follow
C. Either 1 or 2 and 3 follow
D. None of the above
5.
Statements:
a.
All teachers are professors
b.
All professors are researchers
c.
All researchers are consultants
Conclusions:
1. Some consultants are teachers
2. All professors are consultants
3. Some researchers are teachers
4. All professors are teachers
Answer:
A. Only 1 and 2 follow
B. Only 1 and 3 follow
C. Either 1 or 4 follow
D. None of the above
Directions
for questions 6 – 7: Study the information given below carefully to answer the
following questions.
In
a certain code language, the following lines written as
‘lop
eop aop fop’ means ‘Traders are above laws’
‘fop
cop bop gop’ means ‘Developers were above profitable’
‘aop
bop uop qop’ means ‘Developers stopped following traders’
‘cop
jop eop uop’ means ‘Following maps were laws’
6.
‘Developers are following laws’ would be correctly written as
A. ‘bop cop uop eop’
B. ‘lop bop eop uop’
C. ‘oup cop lop aop’
D. None of the above
7.
‘qop gop cop eop’ would correctly mean:
A. Profitable laws were stopped
B. Developers stopped following laws
C. Traders were above profitable
D. None of the above
Direction
for questions 8-9: In each of the following letter series, some of the letters
are missing, which are given below it. Choose the correct alternative.
8.
D _ F _ DEE _ D _ EF _ DE _ F
A. EFFDED
B. EFFDDF
C. EFFDFE
D. None of the above
9.
_ OPO _ QOPQ _ RQPO _ POR _ O
A. APRQO
B. QPORO
C. QPROO
D. None of the above
Directions
for questions 10: In each question given below, a statement is followed by
three courses of action numbered 1, 2 and 3. You have to assume everything in
the statement to be true, and then decide which of the three suggested courses
of action logically follow(s).
10.
Statement: School dropout rate is very high in the rural areas as children
support their parents in income earning activities.
Courses
of action:
1.
Public awareness programme on primary education should be expanded immediately
to educate parents.
2.
Compensation should be given to those parents whose children are in the school.
3.
Law on universal education and ban on child labour should be made rigorous.
A. Only 1 and 2 follow
B. Only 2 and 3 follow
C. Only 1 and 3 follow
D. All follow
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Answers
1(c) 2(a)
3(b) 4(a) 5(d)
6(b) 7(a)
8(c) 9(d) 10(d)