CAT Exam  >  CAT Tests  >  IIFT Mock Test - 3 (New Pattern) - CAT MCQ

IIFT Mock Test - 3 (New Pattern) - CAT MCQ


Test Description

30 Questions MCQ Test - IIFT Mock Test - 3 (New Pattern)

IIFT Mock Test - 3 (New Pattern) for CAT 2024 is part of CAT preparation. The IIFT Mock Test - 3 (New Pattern) questions and answers have been prepared according to the CAT exam syllabus.The IIFT Mock Test - 3 (New Pattern) MCQs are made for CAT 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for IIFT Mock Test - 3 (New Pattern) below.
Solutions of IIFT Mock Test - 3 (New Pattern) questions in English are available as part of our course for CAT & IIFT Mock Test - 3 (New Pattern) solutions in Hindi for CAT course. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free. Attempt IIFT Mock Test - 3 (New Pattern) | 110 questions in 120 minutes | Mock test for CAT preparation | Free important questions MCQ to study for CAT Exam | Download free PDF with solutions
IIFT Mock Test - 3 (New Pattern) - Question 1

Find the correct spelling from the following options.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 1
Pneumonia

Cholera

Diarrhea

Insomnia

Hence the correct option is (c).

IIFT Mock Test - 3 (New Pattern) - Question 2

Choose the option that correctly states the language of origin of the word mentioned in the question.

Tsunami

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 2
The word 'tsunami' is Japanese. It refers to the large wave caused by earthquakes or other underwater disturbances.

Hence, the correct option is (d).

1 Crore+ students have signed up on EduRev. Have you? Download the App
IIFT Mock Test - 3 (New Pattern) - Question 3

Fill in the blanks with the idiom or word that completes the sentence correctly.

We would spend hours __________ his future plans and course of action.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 3
Picking over means talking in detail about and the sentence is "We would spend hours picking over his future plans and course of action".

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 4

Pick the odd one out.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 4
While sanguine, buoyant and cheerful means a person with happy disposition and a positive outlook, sanguinary means full of blood or marked by bloodshed.

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 5

Select the option that is grammatically correct.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 5
Option A uses an extra had. In option B, imaginative should be used instead of imaginary. In option C stationary should be replaced by stationery. Option D is grammatically correct.

Hence, the correct option is (d).

IIFT Mock Test - 3 (New Pattern) - Question 6

For the underlined part of the given sentence, choose the option that is grammatically, effective and reduces ambiguity and redundancy.

Although Mahatama Gandhi advocated non-violence during his lifetime, yet his death is considered ironical.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 6
A is wrong as the given sentence uses "yet" which is redundant as although is sufficient to join two sentences. B is wrong as it uses a semicolon instead of a comma. D is wrong as no preposition is allowed after consider. C is the grammatically, effective and reduces ambiguity and redundancy.

Hence, the correct option is (c).

IIFT Mock Test - 3 (New Pattern) - Question 7

The opening and closing parts of a sentence are given. Rearrange the phrases to form a coherent sentence.

1. I think that what we're seeking is-

i. within our own innermost being and reality,

ii. so that we actually feel,

iii. an experience of being alive,

iv. so that our life experiences on the purely physical plane,

v. will have resonances,

7. the rapture of being alive.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 7
The correct sentence is: 'I think that what we're seeking is an experience of being alive, so that our life experiences on the purely physical plane will have resonances with our own innermost being and reality, so that we actually feel the rapture of being alive'. Correct order is iii,iv,v,i,ii.

Hence, the correct option is (c).

IIFT Mock Test - 3 (New Pattern) - Question 8

Select the pair of words which is analogous to the given pair.

Lucid : clear

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 8
lucid and clear are synonyms similarly Alleviate and Allay both mean to lessen the intensity of something.

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 9

Which of the following words is correctly spelled?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 9
The only correctly spelled word is Disingenuous.

Hence, the correct option is (B).

IIFT Mock Test - 3 (New Pattern) - Question 10

Read the following sets of four sentences and arrange them in the most logical sequence to form a meaningful and coherent paragraph.

(A) I felt nervous till I had an opportunity of thoroughly overhauling my documents.

(B) I found myself in London punctual to the intended hour of my arrival.

(C) The bag had been opened by the Custom House officials, but the words 'private papers' had sufficed to prevent any further examination; and to my unspeakable delight they were intact.

(D) At once I drove to the lodgings in a small street off the Strand which I was accustomed to frequent in such circumstances.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 10
Sentence B starts the idea by describing the position of the author and then sentence D mentions his immediate action after his arrival. Then A shows his nervousness and the consequence of overhauling the document. Sentence C is the last statement. Hence the order is BDAC.

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 11

Choose the option that correctly states the language of origin of the word mentioned in the question.

Kindergarten

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 11
The word kindergarten comes from the German language. Kinder means children and garten means garden. He felt children needed to be nurtured and caringly tended to like plants in a garden. Hence, he founded an early education program for young children, which he called kindergarten.

Hence, the correct option is (a).

IIFT Mock Test - 3 (New Pattern) - Question 12

Fill in the blanks with the idiom or word that completes the sentence correctly.

The protesters have to keep their ______ on if they want to get the solution from the company.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 12
Correct word to complete the sentence is Shirt and sentence is "The protesters have to keep their shirt on if they want to get the solution from the company".

Hence, the correct option is (c).

IIFT Mock Test - 3 (New Pattern) - Question 13

Pick the odd one out.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 13
Indolent means lazy or lethargic, insolent and impudent means disrespectful, rude means impolite which is slightly lower than disrespectful.

Hence, the correct option is (a).

IIFT Mock Test - 3 (New Pattern) - Question 14

Read the following sets of four sentences and arrange them in the most logical sequence to form a meaningful and coherent paragraph.

(A) Consciousness poses the most baffling problems in the science of the mind.

(B) All sorts of mental phenomena have yielded to scientific investigation in recent years, but consciousness has stubbornly resisted.

(C) Many have tried to explain it, but the explanations always seem to fall short of the target.

(D) There is nothing that we know more intimately than conscious experience, but there is nothing that is harder to explain.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 14
Sentence A starts the issue by describing the problem that consciousness poses. Then D extends that idea. Sentence B then discusses why it poses the problems and C shows the result of the resistance. Hence the order is ADBC.

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 15

Which of the following words is spelled correctly?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 15
The correctly spelt word is Connoisseur.

Hence, the correct option is (a).

IIFT Mock Test - 3 (New Pattern) - Question 16

Select the pair of words which is analogous to the given pair.

Chaotic : Placid

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 16
Chaotic means absence of calm and placid means calm, thus the words are antonyms. Hence the option should show an antonym pair. Pertinent means important but trivial means unimportant.
IIFT Mock Test - 3 (New Pattern) - Question 17

The opening and closing parts of a sentence are given. Rearrange the phrases to form a coherent sentence.

1. Differences in-

i. currents under the mid-ocean ridges and sinking currents,

ii. and continents are sufficient to produce convection in,

iii. the mantle of the earth with rising convection,

iv. temperature under oceans,

6. under the continents.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 17
The correct sentence is: 'Differences in temperature under oceans and continents are sufficient to produce convection in the mantle of the earth with rising convection currents under the mid-ocean ridges and sinking currents under the continents'. Correct order is iv,ii,iii,i.
IIFT Mock Test - 3 (New Pattern) - Question 18

For the underlined part of the given sentence, choose the option that is grammatically, effective and reduces ambiguity and redundancy.

The road conditions in New Zealand, unlike any country, are much better and aid transportation industry to flourish.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 18
The error in the sentence is that of comparison. Road conditions should be compared with road conditions of other country not the country itself, so A and B are wrong. D is wrong because "road conditions" is plural and thus those should be used. C is grammatically, effective and reduces ambiguity and redundancy.
IIFT Mock Test - 3 (New Pattern) - Question 19

Select the option that is grammatically correct.

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 19
In option A the verb should be has as the subject starts with each. Option B is wrong as the word should be pored over. Option C is wrong as the correct word should piqued. Option D is the grammatically correct.

Hence, the correct option is (d).

IIFT Mock Test - 3 (New Pattern) - Question 20

Directions: Read the following passage carefully and answer the questions given at the end.

Let's call it the $7.5 billion lesson.

That's the amount Microsoft wrote off on Nokia's phone unit, which it bought a little over a year ago for what it said was $9.5 billion. Considering that the deal included $1.5 billion in cash, the write-off means Microsoft now values a business that once controlled 41 percent of the global handset market at just a small fraction of the purchase price.

Thanks in large part to the huge accounting charge, Microsoft reported its largest quarterly loss ever last week ($3.2 billion). It was only the third loss in its history as a public company.

"If you were talking about any other industry, this would be considered a catastrophe that's the equivalent to a natural disaster," said Horace Dediu, who spent eight years at Nokia during its heyday and is now at the San Francisco research firm Clayton Christensen Institute, which studies disruptive technologies.

This being the technology business, Microsoft's still relatively new chief executive, Satya Nadella, gets credit for swiftly confronting reality and taking the hit to earnings. This may have been easier given that Mr. Nadella opposed the proposed deal in an initial poll of top Microsoft officials. But Steven A. Ballmer, his predecessor, was determined to push the deal through as a capstone to his long tenure as chief executive. Even after the deal was revised, and Mr. Nadella issued a public statement supporting it, two directors voted against it. Both have since left the board.

Satya Nadella, Microsoft's chief, was quick to unwind the company's Nokia deal. Microsoft's spokesman, Frank X. Shaw, said it was normal for there to be internal debate over major acquisitions. Still, it's rare for there to be open board dissent once final terms of a deal have been struck.

Microsoft is also in good company. Google abandoned its foray into smart-phones when it sold Motorola Mobility to Lenovo last year. But it has written off just $378 million related to the $12.5 billion Motorola acquisition. Amazon wrote off an even more modest $170 million last October, acknowledging that its Fire phone was a flop.

"We try to learn from everything we do as we launch new opportunities," said Amazon's chief financial officer at the time, Thomas J. Szkutak, invoking the positive "learning" spin that technology companies typically put on failed ventures.

But far more was at stake for Microsoft than for Google or Amazon, since the main point of the Nokia deal was to support Microsoft's Windows operating system, which, in turn, was a crucial element in Microsoft's "mobile first" strategy. Now both handset operating systems and hardware are pretty much global duopolies, with Google and Apple dominating software and Samsung and Apple dominating hardware. Microsoft has jettisoned the strategy.

Microsoft's "grand scheme was to have a single platform that ran on PCs, laptops, tablets and phones, and to be able to sell applications that run Windows," said Nicholas Economides, an economics professor at the Stern School of Business at New York University who specializes in network economics and electronic commerce. "That failed."

Mr. Dediu said it was hard to put all the blame on Microsoft, since so many others had met a similar fate. "Most people didn't believe that such a catastrophe could occur this fast," he said. Microsoft "just couldn't imagine that a company that was once as strong and dominant as Nokia could have virtually no value."

He compared the swift rise of Apple and the withering fortunes of Nokia, BlackBerry and other once-thriving manufacturers to the arrival of an infectious virus. "We tend to think the strong will survive," Mr. Dediu said. "But a virus is a very small thing that kills big things."

He continued: "It's easy to say Microsoft was foolish and blame the chief executive. But when it happens to everyone, it's an extinction event. A whole bunch of companies were disrupted. And it happened in the blink of an eye."

Even so, as lessons go, $7.5 billion is pretty steep tuition. When I asked Microsoft what it had gotten for its money, its spokesman, Mr. Shaw, agreed that the speed of the changes in the industry had taken the company by surprise. "Everything always looks different with the benefit of hindsight," he said

Q. What can be inferred about damage the write-off caused Microsoft?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 20
It is written in the 2nd paragraph 'If you were talking about any other industry, this would be considered a catastrophe that's the equivalent to a natural disaster.'
IIFT Mock Test - 3 (New Pattern) - Question 21

Directions: Read the following passage carefully and answer the questions given at the end.

Let's call it the $7.5 billion lesson.

That's the amount Microsoft wrote off on Nokia's phone unit, which it bought a little over a year ago for what it said was $9.5 billion. Considering that the deal included $1.5 billion in cash, the write-off means Microsoft now values a business that once controlled 41 percent of the global handset market at just a small fraction of the purchase price.

Thanks in large part to the huge accounting charge, Microsoft reported its largest quarterly loss ever last week ($3.2 billion). It was only the third loss in its history as a public company.

"If you were talking about any other industry, this would be considered a catastrophe that's the equivalent to a natural disaster," said Horace Dediu, who spent eight years at Nokia during its heyday and is now at the San Francisco research firm Clayton Christensen Institute, which studies disruptive technologies.

This being the technology business, Microsoft's still relatively new chief executive, Satya Nadella, gets credit for swiftly confronting reality and taking the hit to earnings. This may have been easier given that Mr. Nadella opposed the proposed deal in an initial poll of top Microsoft officials. But Steven A. Ballmer, his predecessor, was determined to push the deal through as a capstone to his long tenure as chief executive. Even after the deal was revised, and Mr. Nadella issued a public statement supporting it, two directors voted against it. Both have since left the board.

Satya Nadella, Microsoft's chief, was quick to unwind the company's Nokia deal. Microsoft's spokesman, Frank X. Shaw, said it was normal for there to be internal debate over major acquisitions. Still, it's rare for there to be open board dissent once final terms of a deal have been struck.

Microsoft is also in good company. Google abandoned its foray into smart-phones when it sold Motorola Mobility to Lenovo last year. But it has written off just $378 million related to the $12.5 billion Motorola acquisition. Amazon wrote off an even more modest $170 million last October, acknowledging that its Fire phone was a flop.

"We try to learn from everything we do as we launch new opportunities," said Amazon's chief financial officer at the time, Thomas J. Szkutak, invoking the positive "learning" spin that technology companies typically put on failed ventures.

But far more was at stake for Microsoft than for Google or Amazon, since the main point of the Nokia deal was to support Microsoft's Windows operating system, which, in turn, was a crucial element in Microsoft's "mobile first" strategy. Now both handset operating systems and hardware are pretty much global duopolies, with Google and Apple dominating software and Samsung and Apple dominating hardware. Microsoft has jettisoned the strategy.

Microsoft's "grand scheme was to have a single platform that ran on PCs, laptops, tablets and phones, and to be able to sell applications that run Windows," said Nicholas Economides, an economics professor at the Stern School of Business at New York University who specializes in network economics and electronic commerce. "That failed."

Mr. Dediu said it was hard to put all the blame on Microsoft, since so many others had met a similar fate. "Most people didn't believe that such a catastrophe could occur this fast," he said. Microsoft "just couldn't imagine that a company that was once as strong and dominant as Nokia could have virtually no value."

He compared the swift rise of Apple and the withering fortunes of Nokia, BlackBerry and other once-thriving manufacturers to the arrival of an infectious virus. "We tend to think the strong will survive," Mr. Dediu said. "But a virus is a very small thing that kills big things."

He continued: "It's easy to say Microsoft was foolish and blame the chief executive. But when it happens to everyone, it's an extinction event. A whole bunch of companies were disrupted. And it happened in the blink of an eye."

Even so, as lessons go, $7.5 billion is pretty steep tuition. When I asked Microsoft what it had gotten for its money, its spokesman, Mr. Shaw, agreed that the speed of the changes in the industry had taken the company by surprise. "Everything always looks different with the benefit of hindsight," he said

Q. What reasons are given for Microsoft to acquire Nokia?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 21
It is written in 7th paragraph that the Nokia deal was crucial in Mobile First strategy.

Hence, the correct option is (d).

IIFT Mock Test - 3 (New Pattern) - Question 22

Directions: Read the following passage carefully and answer the questions given at the end.

Let's call it the $7.5 billion lesson.

That's the amount Microsoft wrote off on Nokia's phone unit, which it bought a little over a year ago for what it said was $9.5 billion. Considering that the deal included $1.5 billion in cash, the write-off means Microsoft now values a business that once controlled 41 percent of the global handset market at just a small fraction of the purchase price.

Thanks in large part to the huge accounting charge, Microsoft reported its largest quarterly loss ever last week ($3.2 billion). It was only the third loss in its history as a public company.

"If you were talking about any other industry, this would be considered a catastrophe that's the equivalent to a natural disaster," said Horace Dediu, who spent eight years at Nokia during its heyday and is now at the San Francisco research firm Clayton Christensen Institute, which studies disruptive technologies.

This being the technology business, Microsoft's still relatively new chief executive, Satya Nadella, gets credit for swiftly confronting reality and taking the hit to earnings. This may have been easier given that Mr. Nadella opposed the proposed deal in an initial poll of top Microsoft officials. But Steven A. Ballmer, his predecessor, was determined to push the deal through as a capstone to his long tenure as chief executive. Even after the deal was revised, and Mr. Nadella issued a public statement supporting it, two directors voted against it. Both have since left the board.

Satya Nadella, Microsoft's chief, was quick to unwind the company's Nokia deal. Microsoft's spokesman, Frank X. Shaw, said it was normal for there to be internal debate over major acquisitions. Still, it's rare for there to be open board dissent once final terms of a deal have been struck.

Microsoft is also in good company. Google abandoned its foray into smart-phones when it sold Motorola Mobility to Lenovo last year. But it has written off just $378 million related to the $12.5 billion Motorola acquisition. Amazon wrote off an even more modest $170 million last October, acknowledging that its Fire phone was a flop.

"We try to learn from everything we do as we launch new opportunities," said Amazon's chief financial officer at the time, Thomas J. Szkutak, invoking the positive "learning" spin that technology companies typically put on failed ventures.

But far more was at stake for Microsoft than for Google or Amazon, since the main point of the Nokia deal was to support Microsoft's Windows operating system, which, in turn, was a crucial element in Microsoft's "mobile first" strategy. Now both handset operating systems and hardware are pretty much global duopolies, with Google and Apple dominating software and Samsung and Apple dominating hardware. Microsoft has jettisoned the strategy.

Microsoft's "grand scheme was to have a single platform that ran on PCs, laptops, tablets and phones, and to be able to sell applications that run Windows," said Nicholas Economides, an economics professor at the Stern School of Business at New York University who specializes in network economics and electronic commerce. "That failed."

Mr. Dediu said it was hard to put all the blame on Microsoft, since so many others had met a similar fate. "Most people didn't believe that such a catastrophe could occur this fast," he said. Microsoft "just couldn't imagine that a company that was once as strong and dominant as Nokia could have virtually no value."

He compared the swift rise of Apple and the withering fortunes of Nokia, BlackBerry and other once-thriving manufacturers to the arrival of an infectious virus. "We tend to think the strong will survive," Mr. Dediu said. "But a virus is a very small thing that kills big things."

He continued: "It's easy to say Microsoft was foolish and blame the chief executive. But when it happens to everyone, it's an extinction event. A whole bunch of companies were disrupted. And it happened in the blink of an eye."

Even so, as lessons go, $7.5 billion is pretty steep tuition. When I asked Microsoft what it had gotten for its money, its spokesman, Mr. Shaw, agreed that the speed of the changes in the industry had taken the company by surprise. "Everything always looks different with the benefit of hindsight," he said

Q. Why does the author start the passage with the line "let's call.."?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 22
Since the entire passage talks about the deal between Microsoft and Nokia, the author starts it by writing the sentence and making his point.

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 23

Directions: Read the following passage carefully and answer the questions given at the end.

Let's call it the $7.5 billion lesson.

That's the amount Microsoft wrote off on Nokia's phone unit, which it bought a little over a year ago for what it said was $9.5 billion. Considering that the deal included $1.5 billion in cash, the write-off means Microsoft now values a business that once controlled 41 percent of the global handset market at just a small fraction of the purchase price.

Thanks in large part to the huge accounting charge, Microsoft reported its largest quarterly loss ever last week ($3.2 billion). It was only the third loss in its history as a public company.

"If you were talking about any other industry, this would be considered a catastrophe that's the equivalent to a natural disaster," said Horace Dediu, who spent eight years at Nokia during its heyday and is now at the San Francisco research firm Clayton Christensen Institute, which studies disruptive technologies.

This being the technology business, Microsoft's still relatively new chief executive, Satya Nadella, gets credit for swiftly confronting reality and taking the hit to earnings. This may have been easier given that Mr. Nadella opposed the proposed deal in an initial poll of top Microsoft officials. But Steven A. Ballmer, his predecessor, was determined to push the deal through as a capstone to his long tenure as chief executive. Even after the deal was revised, and Mr. Nadella issued a public statement supporting it, two directors voted against it. Both have since left the board.

Satya Nadella, Microsoft's chief, was quick to unwind the company's Nokia deal. Microsoft's spokesman, Frank X. Shaw, said it was normal for there to be internal debate over major acquisitions. Still, it's rare for there to be open board dissent once final terms of a deal have been struck.

Microsoft is also in good company. Google abandoned its foray into smart-phones when it sold Motorola Mobility to Lenovo last year. But it has written off just $378 million related to the $12.5 billion Motorola acquisition. Amazon wrote off an even more modest $170 million last October, acknowledging that its Fire phone was a flop.

"We try to learn from everything we do as we launch new opportunities," said Amazon's chief financial officer at the time, Thomas J. Szkutak, invoking the positive "learning" spin that technology companies typically put on failed ventures.

But far more was at stake for Microsoft than for Google or Amazon, since the main point of the Nokia deal was to support Microsoft's Windows operating system, which, in turn, was a crucial element in Microsoft's "mobile first" strategy. Now both handset operating systems and hardware are pretty much global duopolies, with Google and Apple dominating software and Samsung and Apple dominating hardware. Microsoft has jettisoned the strategy.

Microsoft's "grand scheme was to have a single platform that ran on PCs, laptops, tablets and phones, and to be able to sell applications that run Windows," said Nicholas Economides, an economics professor at the Stern School of Business at New York University who specializes in network economics and electronic commerce. "That failed."

Mr. Dediu said it was hard to put all the blame on Microsoft, since so many others had met a similar fate. "Most people didn't believe that such a catastrophe could occur this fast," he said. Microsoft "just couldn't imagine that a company that was once as strong and dominant as Nokia could have virtually no value."

He compared the swift rise of Apple and the withering fortunes of Nokia, BlackBerry and other once-thriving manufacturers to the arrival of an infectious virus. "We tend to think the strong will survive," Mr. Dediu said. "But a virus is a very small thing that kills big things."

He continued: "It's easy to say Microsoft was foolish and blame the chief executive. But when it happens to everyone, it's an extinction event. A whole bunch of companies were disrupted. And it happened in the blink of an eye."

Even so, as lessons go, $7.5 billion is pretty steep tuition. When I asked Microsoft what it had gotten for its money, its spokesman, Mr. Shaw, agreed that the speed of the changes in the industry had taken the company by surprise. "Everything always looks different with the benefit of hindsight," he said

Q. Which of the following is true?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 23
In the 3rd paragraph it is written that 'Mr. Nadella issued a public statement supporting it, two directors voted against it.'

Hence, the correct option is (c).

IIFT Mock Test - 3 (New Pattern) - Question 24

Directions: Read the following passage carefully and answer the questions given at the end.

A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.

If the case proceeded, Switzerland's largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.

Within months, Mrs. Clinton announced a tentative legal settlement - an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

From that point on, UBS's engagement with the Clinton family's charitable organization increased. Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014, according the foundation and the bank.

The bank also joined the Clinton Foundation to launch entrepreneurship and inner-city loan programs, through which it lent $32 million. And it paid former president Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House. There is no evidence of any link between Mrs. Clinton's involvement in the case and the bank's donations to the Bill, Hillary and Chelsea Clinton Foundation, or its hiring of Mr. Clinton. But her involvement with UBS is a prime example of how the Clintons' private and political activities overlap.

UBS is just one of a series of companies that engaged with both the Clinton family's charitable organization and the State Department under Mrs. Clinton. And it is an unusual one: Unlike cases in which Mrs. Clinton went to bat for American companies seeking business abroad, such as General Electric Co. and Boeing Co., the UBS matter involved her helping solve a problem for a foreign bank - not a popular constituency among Democrats - and stepping into an area where government prosecutors had been taking the lead.

The flood of donations and speech income that followed exemplifies why the charity and its fund raising have been a running problem for the presidential campaign of Mrs. Clinton, the Democratic front-runner. Republicans as well as some Democrats have raised questions about potential conflicts of interest.

"They've engaged in behavior to make people wonder: What was this about?" says Harvard Law Professor Lawrence Lessig, who is a Democrat. "Was there something other than deciding the merits of these cases?"

Critics also have hit the charity for accepting donations from foreign governments, which they say could pose problems for her if she is elected, potentially opening her to criticism that she is obligated to foreign donors.

The Clintons have said accepting donations posed no conflicts of interest and broke no rule or law. To address the criticism, the Clinton Foundation decided to release donation information more frequently, and the foundation said earlier this year that the first disclosure is expected by the end of July.

UBS officials deny any connection between the legal case and the foundation donations. "Any insinuation that any of our philanthropic or business initiatives stems from support received from any current or former government official is ludicrous and without merit," a bank spokeswoman said. UBS said the speeches by Mr. Clinton and the donations were part of a program to respond to the 2008 economic downturn.

A Clinton campaign spokesman said Mrs. Clinton is proud of the foundation's work and her record as secretary of state. "Any suggestion that she was driven by anything but what's in America's best interest would be false. Period," he said. He referred questions about the UBS matter to the State Department.

A State Department spokesman said that "UBS was a topic of serious discussion, among other issues, in our bilateral relations at that time" with the Swiss government. A spokeswoman in the Swiss embassy in Washington said the government had no comment.

In a CNN interview last month, Bill Clinton was asked if any foundation donors ever sought anything from the State Department. "I don't know," he replied. "I know of no example. But I - you never know what people's motives are."

UBS's troubles began in 2007 when an American banker working in Switzerland told the U.S. Justice Department that UBS had recruited thousands of U.S. customers seeking to avoid U.S. taxes. The disclosure led UBS to enter into a deferred-prosecution agreement with the Justice Department in 2009. The bank admitted to helping set up sham companies, creating phony paperwork and deceiving customs officials. It paid a $780 million fine and turned over the names of 250 account holders.

The agreement left unresolved a separate legal standoff over whether UBS - in response to a summons from the IRS - would turn over the names of U.S. citizens who owned 52,000 secret accounts estimated to be worth $18 billion. "We should get all the accounts," IRS Commissioner Dan Shulman maintained at a Senate hearing in 2009.

After a federal judge indicated he would rule quickly, UBS enlisted the Swiss government to approach the State Department.

Q. What was the result of Clinton's intervention in the UBS case?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 24
The last line of the second para says '..an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

Hence, the correct option is (c).

IIFT Mock Test - 3 (New Pattern) - Question 25

Directions: Read the following passage carefully and answer the questions given at the end.

A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.

If the case proceeded, Switzerland's largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.

Within months, Mrs. Clinton announced a tentative legal settlement - an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

From that point on, UBS's engagement with the Clinton family's charitable organization increased. Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014, according the foundation and the bank.

The bank also joined the Clinton Foundation to launch entrepreneurship and inner-city loan programs, through which it lent $32 million. And it paid former president Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House. There is no evidence of any link between Mrs. Clinton's involvement in the case and the bank's donations to the Bill, Hillary and Chelsea Clinton Foundation, or its hiring of Mr. Clinton. But her involvement with UBS is a prime example of how the Clintons' private and political activities overlap.

UBS is just one of a series of companies that engaged with both the Clinton family's charitable organization and the State Department under Mrs. Clinton. And it is an unusual one: Unlike cases in which Mrs. Clinton went to bat for American companies seeking business abroad, such as General Electric Co. and Boeing Co., the UBS matter involved her helping solve a problem for a foreign bank - not a popular constituency among Democrats - and stepping into an area where government prosecutors had been taking the lead.

The flood of donations and speech income that followed exemplifies why the charity and its fund raising have been a running problem for the presidential campaign of Mrs. Clinton, the Democratic front-runner. Republicans as well as some Democrats have raised questions about potential conflicts of interest.

"They've engaged in behavior to make people wonder: What was this about?" says Harvard Law Professor Lawrence Lessig, who is a Democrat. "Was there something other than deciding the merits of these cases?"

Critics also have hit the charity for accepting donations from foreign governments, which they say could pose problems for her if she is elected, potentially opening her to criticism that she is obligated to foreign donors.

The Clintons have said accepting donations posed no conflicts of interest and broke no rule or law. To address the criticism, the Clinton Foundation decided to release donation information more frequently, and the foundation said earlier this year that the first disclosure is expected by the end of July.

UBS officials deny any connection between the legal case and the foundation donations. "Any insinuation that any of our philanthropic or business initiatives stems from support received from any current or former government official is ludicrous and without merit," a bank spokeswoman said. UBS said the speeches by Mr. Clinton and the donations were part of a program to respond to the 2008 economic downturn.

A Clinton campaign spokesman said Mrs. Clinton is proud of the foundation's work and her record as secretary of state. "Any suggestion that she was driven by anything but what's in America's best interest would be false. Period," he said. He referred questions about the UBS matter to the State Department.

A State Department spokesman said that "UBS was a topic of serious discussion, among other issues, in our bilateral relations at that time" with the Swiss government. A spokeswoman in the Swiss embassy in Washington said the government had no comment.

In a CNN interview last month, Bill Clinton was asked if any foundation donors ever sought anything from the State Department. "I don't know," he replied. "I know of no example. But I - you never know what people's motives are."

UBS's troubles began in 2007 when an American banker working in Switzerland told the U.S. Justice Department that UBS had recruited thousands of U.S. customers seeking to avoid U.S. taxes. The disclosure led UBS to enter into a deferred-prosecution agreement with the Justice Department in 2009. The bank admitted to helping set up sham companies, creating phony paperwork and deceiving customs officials. It paid a $780 million fine and turned over the names of 250 account holders.

The agreement left unresolved a separate legal standoff over whether UBS - in response to a summons from the IRS - would turn over the names of U.S. citizens who owned 52,000 secret accounts estimated to be worth $18 billion. "We should get all the accounts," IRS Commissioner Dan Shulman maintained at a Senate hearing in 2009.

After a federal judge indicated he would rule quickly, UBS enlisted the Swiss government to approach the State Department.

Q. What is true as per passage?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 25
It is stated in the third paragraph that the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014.

Hence, the correct option is (b).

IIFT Mock Test - 3 (New Pattern) - Question 26

Directions: Read the following passage carefully and answer the questions given at the end.

A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.

If the case proceeded, Switzerland's largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.

Within months, Mrs. Clinton announced a tentative legal settlement - an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

From that point on, UBS's engagement with the Clinton family's charitable organization increased. Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014, according the foundation and the bank.

The bank also joined the Clinton Foundation to launch entrepreneurship and inner-city loan programs, through which it lent $32 million. And it paid former president Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House. There is no evidence of any link between Mrs. Clinton's involvement in the case and the bank's donations to the Bill, Hillary and Chelsea Clinton Foundation, or its hiring of Mr. Clinton. But her involvement with UBS is a prime example of how the Clintons' private and political activities overlap.

UBS is just one of a series of companies that engaged with both the Clinton family's charitable organization and the State Department under Mrs. Clinton. And it is an unusual one: Unlike cases in which Mrs. Clinton went to bat for American companies seeking business abroad, such as General Electric Co. and Boeing Co., the UBS matter involved her helping solve a problem for a foreign bank - not a popular constituency among Democrats - and stepping into an area where government prosecutors had been taking the lead.

The flood of donations and speech income that followed exemplifies why the charity and its fund raising have been a running problem for the presidential campaign of Mrs. Clinton, the Democratic front-runner. Republicans as well as some Democrats have raised questions about potential conflicts of interest.

"They've engaged in behavior to make people wonder: What was this about?" says Harvard Law Professor Lawrence Lessig, who is a Democrat. "Was there something other than deciding the merits of these cases?"

Critics also have hit the charity for accepting donations from foreign governments, which they say could pose problems for her if she is elected, potentially opening her to criticism that she is obligated to foreign donors.

The Clintons have said accepting donations posed no conflicts of interest and broke no rule or law. To address the criticism, the Clinton Foundation decided to release donation information more frequently, and the foundation said earlier this year that the first disclosure is expected by the end of July.

UBS officials deny any connection between the legal case and the foundation donations. "Any insinuation that any of our philanthropic or business initiatives stems from support received from any current or former government official is ludicrous and without merit," a bank spokeswoman said. UBS said the speeches by Mr. Clinton and the donations were part of a program to respond to the 2008 economic downturn.

A Clinton campaign spokesman said Mrs. Clinton is proud of the foundation's work and her record as secretary of state. "Any suggestion that she was driven by anything but what's in America's best interest would be false. Period," he said. He referred questions about the UBS matter to the State Department.

A State Department spokesman said that "UBS was a topic of serious discussion, among other issues, in our bilateral relations at that time" with the Swiss government. A spokeswoman in the Swiss embassy in Washington said the government had no comment.

In a CNN interview last month, Bill Clinton was asked if any foundation donors ever sought anything from the State Department. "I don't know," he replied. "I know of no example. But I - you never know what people's motives are."

UBS's troubles began in 2007 when an American banker working in Switzerland told the U.S. Justice Department that UBS had recruited thousands of U.S. customers seeking to avoid U.S. taxes. The disclosure led UBS to enter into a deferred-prosecution agreement with the Justice Department in 2009. The bank admitted to helping set up sham companies, creating phony paperwork and deceiving customs officials. It paid a $780 million fine and turned over the names of 250 account holders.

The agreement left unresolved a separate legal standoff over whether UBS - in response to a summons from the IRS - would turn over the names of U.S. citizens who owned 52,000 secret accounts estimated to be worth $18 billion. "We should get all the accounts," IRS Commissioner Dan Shulman maintained at a Senate hearing in 2009.

After a federal judge indicated he would rule quickly, UBS enlisted the Swiss government to approach the State Department.

Q. What is the main point made by the passage?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 26
The whole paragraph discusses the controversies regarding Clinton's charity getting donation and exemplifies it by UBS case.

Hence, the correct option is (c).

ositive_Mark: 3

IIFT Mock Test - 3 (New Pattern) - Question 27

Directions: Read the following passage carefully and answer the questions given at the end.

A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.

If the case proceeded, Switzerland's largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.

Within months, Mrs. Clinton announced a tentative legal settlement - an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

From that point on, UBS's engagement with the Clinton family's charitable organization increased. Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014, according the foundation and the bank.

The bank also joined the Clinton Foundation to launch entrepreneurship and inner-city loan programs, through which it lent $32 million. And it paid former president Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House. There is no evidence of any link between Mrs. Clinton's involvement in the case and the bank's donations to the Bill, Hillary and Chelsea Clinton Foundation, or its hiring of Mr. Clinton. But her involvement with UBS is a prime example of how the Clintons' private and political activities overlap.

UBS is just one of a series of companies that engaged with both the Clinton family's charitable organization and the State Department under Mrs. Clinton. And it is an unusual one: Unlike cases in which Mrs. Clinton went to bat for American companies seeking business abroad, such as General Electric Co. and Boeing Co., the UBS matter involved her helping solve a problem for a foreign bank - not a popular constituency among Democrats - and stepping into an area where government prosecutors had been taking the lead.

The flood of donations and speech income that followed exemplifies why the charity and its fund raising have been a running problem for the presidential campaign of Mrs. Clinton, the Democratic front-runner. Republicans as well as some Democrats have raised questions about potential conflicts of interest.

"They've engaged in behavior to make people wonder: What was this about?" says Harvard Law Professor Lawrence Lessig, who is a Democrat. "Was there something other than deciding the merits of these cases?"

Critics also have hit the charity for accepting donations from foreign governments, which they say could pose problems for her if she is elected, potentially opening her to criticism that she is obligated to foreign donors.

The Clintons have said accepting donations posed no conflicts of interest and broke no rule or law. To address the criticism, the Clinton Foundation decided to release donation information more frequently, and the foundation said earlier this year that the first disclosure is expected by the end of July.

UBS officials deny any connection between the legal case and the foundation donations. "Any insinuation that any of our philanthropic or business initiatives stems from support received from any current or former government official is ludicrous and without merit," a bank spokeswoman said. UBS said the speeches by Mr. Clinton and the donations were part of a program to respond to the 2008 economic downturn.

A Clinton campaign spokesman said Mrs. Clinton is proud of the foundation's work and her record as secretary of state. "Any suggestion that she was driven by anything but what's in America's best interest would be false. Period," he said. He referred questions about the UBS matter to the State Department.

A State Department spokesman said that "UBS was a topic of serious discussion, among other issues, in our bilateral relations at that time" with the Swiss government. A spokeswoman in the Swiss embassy in Washington said the government had no comment.

In a CNN interview last month, Bill Clinton was asked if any foundation donors ever sought anything from the State Department. "I don't know," he replied. "I know of no example. But I - you never know what people's motives are."

UBS's troubles began in 2007 when an American banker working in Switzerland told the U.S. Justice Department that UBS had recruited thousands of U.S. customers seeking to avoid U.S. taxes. The disclosure led UBS to enter into a deferred-prosecution agreement with the Justice Department in 2009. The bank admitted to helping set up sham companies, creating phony paperwork and deceiving customs officials. It paid a $780 million fine and turned over the names of 250 account holders.

The agreement left unresolved a separate legal standoff over whether UBS - in response to a summons from the IRS - would turn over the names of U.S. citizens who owned 52,000 secret accounts estimated to be worth $18 billion. "We should get all the accounts," IRS Commissioner Dan Shulman maintained at a Senate hearing in 2009.

After a federal judge indicated he would rule quickly, UBS enlisted the Swiss government to approach the State Department.

Q. Why did UBS's engagement with Clinton's Family increase?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 27
It is mentioned in the third paragraph that there is no evidence of any link between Clinton's involvement and bank's donation.

Hence, the correct option is (d).

IIFT Mock Test - 3 (New Pattern) - Question 28

Directions: Read the following passage carefully and answer the question-

The 543 elected MPs will be elected from single-member constituencies using first-past-the-post voting. The President of India nominates an additional two members from the Anglo-Indian community if he believes the community is under-represented.

Eligible voters must be Indian citizens, 18 or older, an ordinary resident of the polling area of the constituency and possess a valid voter identification card issued by the Election Commission of India. Some people convicted of electoral or other offences are barred from voting.

Earlier there were speculations that the Modi Government might advance the 2019 general election to counter the anti-incumbency factor, however learning from its past blunder of preponing election made by the Vajpayee Government it decided to go into election as per the normal schedule which was announced by Election Commission of India (ECI) on 10 March 2019, after which Model Code of Conduct was applied with immediate effect.

Q. What can be inferred about the Saffron Revolution?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 28
It is written in the first para that Buddhist monks braved the military junta. Hence it included people who follow Buddhism.

Hence, the correct option is (a).

IIFT Mock Test - 3 (New Pattern) - Question 29

Directions: Read the following passage carefully and answer the question-

The 543 elected MPs will be elected from single-member constituencies using first-past-the-post voting. The President of India nominates an additional two members from the Anglo-Indian community if he believes the community is under-represented.

Eligible voters must be Indian citizens, 18 or older, an ordinary resident of the polling area of the constituency and possess a valid voter identification card issued by the Election Commission of India. Some people convicted of electoral or other offences are barred from voting.

Earlier there were speculations that the Modi Government might advance the 2019 general election to counter the anti-incumbency factor, however learning from its past blunder of preponing election made by the Vajpayee Government it decided to go into election as per the normal schedule which was announced by Election Commission of India (ECI) on 10 March 2019, after which Model Code of Conduct was applied with immediate effect.

Q. Since when was the Model Code of Conduct applied with immediate effect?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 29
The last paragraph of the passage states-

Earlier there were speculations that the Modi Government might advance the 2019 general election to counter the anti-incumbency factor, however learning from its past blunder of preponing election made by the Vajpayee Government it decided to go into election as per the normal schedule which was announced by Election Commission of India (ECI) on 10 March 2019, after which Model Code of Conduct was applied with immediate effect.

This simply means that the Model Code of Conduct was applied with immediate effect after 10th March 2019.

Hence, the correct option is (B).

IIFT Mock Test - 3 (New Pattern) - Question 30

Directions: Read the following passage carefully and answer the question-

The 543 elected MPs will be elected from single-member constituencies using first-past-the-post voting. The President of India nominates an additional two members from the Anglo-Indian community if he believes the community is under-represented.

Eligible voters must be Indian citizens, 18 or older, an ordinary resident of the polling area of the constituency and possess a valid voter identification card issued by the Election Commission of India. Some people convicted of electoral or other offences are barred from voting.

Earlier there were speculations that the Modi Government might advance the 2019 general election to counter the anti-incumbency factor, however learning from its past blunder of preponing election made by the Vajpayee Government it decided to go into election as per the normal schedule which was announced by Election Commission of India (ECI) on 10 March 2019, after which Model Code of Conduct was applied with immediate effect.

Q. What can be inferred about Aung San Suu Kyi?

Detailed Solution for IIFT Mock Test - 3 (New Pattern) - Question 30
It is mentioned that 'If she speaks out for the Rohingyas, her appeal among Buddhists, the vast majority of Myanmar's citizens, may be dented enough to preserve the army's grip on power. If she does not defend the Rohingyas, her aura of moral leadership may be dimmed among her own supporters, both at home and abroad.' Hence she is facing a dilemma about the current political situation before her.

Hence, the correct option is (b).

View more questions
Information about IIFT Mock Test - 3 (New Pattern) Page
In this test you can find the Exam questions for IIFT Mock Test - 3 (New Pattern) solved & explained in the simplest way possible. Besides giving Questions and answers for IIFT Mock Test - 3 (New Pattern), EduRev gives you an ample number of Online tests for practice

Top Courses for CAT

Download as PDF

Top Courses for CAT