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Practice Test for IIFT - 5 - CAT MCQ


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30 Questions MCQ Test - Practice Test for IIFT - 5

Practice Test for IIFT - 5 for CAT 2024 is part of CAT preparation. The Practice Test for IIFT - 5 questions and answers have been prepared according to the CAT exam syllabus.The Practice Test for IIFT - 5 MCQs are made for CAT 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Practice Test for IIFT - 5 below.
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Practice Test for IIFT - 5 - Question 1

Suppose there are 4 bags. Bag 1 contains 1 black and a2 - 6a + 9 red balls, bag 2 contains 3 black and a2 - 6a + 7 red balls, bag 3 contains 5 black and a2 - 6a + 5 red balls and bag 4 contains 7 black and a2 - 6a + 3 red balls. A ball is drawn at random from a randomly chosen bag. The maximum value of probability that the selected ball is black, is

Detailed Solution for Practice Test for IIFT - 5 - Question 1

Practice Test for IIFT - 5 - Question 2

In the given figure, ABC is an equilateral triangle. If the area of bigger circle is 1386 cm2, then what is the area (in cm2) of smaller circle?

Detailed Solution for Practice Test for IIFT - 5 - Question 2

Area of bigger circle = πr2 = 1386 cm2
× r2 = 1386 ⇒ r = 21 cm ⇒ GF = 2r = 42 cm
Since the bigger circle is incircle of △ABC,
GF = AF ⇒ AF = 63 cm
AG = AF – GF = 63 – 42 = 21 cm
Now in △ADE, the smaller circle is incircle
Radius of smaller circle =AG = 7 cm
Area of smaller circle =× 7 × 7 = 154 cm2

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Practice Test for IIFT - 5 - Question 3

If x+ 3x - 10 is a factor of 3x+ 2x- ax+ bx - a + b - 4, then the closest approximate values of a and b are

Detailed Solution for Practice Test for IIFT - 5 - Question 3

x2 + 3x - 10is factor of 3x4 + 2x3 – ax2 + bx – a + b – 4 = 0
Find the value of a & b x2+3x – 10 = 0 = x2 + 5x – 2x – 10 = 0
x(x + 5) – 2(x + 5) = 0
(x-2) (x+5) = 0
x =2, - 5
Substituting: x = 2 in
3x4 + 2x3 – ax2 + bx – a + b – 4 = 0
3(2)4 +2(2)3 –a(2)3 +b(2) – a + b – 4 = 0
48 + 16 – 4a + 2b – a + b = 4
- 5a + 3b = - 60
Substituting: x = - 5
3(-5)4 +2(-5)3 –a(-5)2 +b(-5)2 –a+b -4 = 0
1875-250-25a-5b-a+b-4=0
-26a – 4b = - 1621 _____(2)
-5a + 3b = - 60 _____ (1)
Solving equation 1 and 2
a = 52, b = 67
Hence answer is option 3.

Practice Test for IIFT - 5 - Question 4

A tennis ball is initially dropped from a height of 180 m. After striking the ground, it rebounds (3/5)th of the height from which it has fallen. The total distance that the ball travels before it comes to rest is

Detailed Solution for Practice Test for IIFT - 5 - Question 4

(As after Ist term each term will be repeated)

Practice Test for IIFT - 5 - Question 5

If decreasing 70 by X percent yields the same result as increasing 60 by X percent, then X percent of 50 is

Detailed Solution for Practice Test for IIFT - 5 - Question 5

Practice Test for IIFT - 5 - Question 6

A mother along with her two sons is entrusted with the task of cooking Biryani for a family get-together. It takes 30 minutes for all three of them cooking together to complete 50 percent of the task. The cooking can also be  completed if the two sons start cooking together and the elder son leaves after 1 hour and the younger son cooks for further 3 hours. If the mother needs 1 hour less than the elder son to complete the cooking, how much cooking does the mother complete in an hour?

Detailed Solution for Practice Test for IIFT - 5 - Question 6

In the first case they finish half the work in 30 min. or they will finish the work in one hour. 

►So they work one hour each in the first case. In the second case, they work the elder for 1 hour and the younger for 4 hours.

►Equating the two cases implies whatever younger son does in three hours the mother does in one hour.

►The time taken by younger son is thrice the time taken by the mother. Now if mother takes M hours, younger son will take 3M hour and the elder son will take M+1 hours, as given in the question.

►Now they are finishing the work in one hour implies the following equation.

►Solving this equation, we get M = 2. So mother takes 2 hours, elder son takes 3 and younger son takes 6 hours. 
Thus in one hour mother does 50% of work.

Practice Test for IIFT - 5 - Question 7

Two alloys of aluminium have different percentages of aluminium in them. The first one weighs 8 kg and the second one weighs 16 kg. One piece each of equal weight was cut off from both the alloys and first piece was alloyed with the second alloy and the second piece alloyed with the first one. As a result, the percentage of aluminium became the same in the resulting two new alloys. What was the weight of each cut-off piece?

Detailed Solution for Practice Test for IIFT - 5 - Question 7

Let "x" % of aluminium is there in first alloy. And "y"  of aluminium is there in second alloy. And z is the weight of each cut off piece.
As per the Question:- Percentage of New two alloys are equal after two alloys are mixed i.e.

Taking 1/100 common
16x - 2zx + 2yz = 16y + xz - yz
16x - 16y - 3zx + 3yz = 0
16(x - y) -3z(x - y)0, (x - y)(16 - 3z)=0
Hence either x - y = 0 or 16 - 3z id 0 but c - y ≠ 0 because they are different as given in the question.
Hence 16 - 3z = 0, 3z = 16, z = 5.33kg

Practice Test for IIFT - 5 - Question 8

Three years ago, your close friend had won a lottery of Rs. 1 crore. He purchased a flat for Rs. 40 lakhs, a car for Rs. 20 lakhs and shares worth Rs. 10 lakhs. He put the remaining money in a bank deposit that pays compound interest @ 12 percent per annum. If today, he sells off the flat, the car and the shares at certain percentage of their original value and withdraws his entire money from the bank, the total gain in his assets is 5%. The closest approximate percentage of the original value at which he sold off the three items is

Detailed Solution for Practice Test for IIFT - 5 - Question 8

►Money spent on flat = 40 lakhs.

►Money spent on car = 20 lakh

►Money spent on shares = 10 lakh

►Total money = 1 crore = 100 lakh

►Money deposited in Bank = 100 - 40 - 20 - 10 = 100 - 70 = 30 lakh

►Final amount in Bank after 3 years = 30 x (1.12)3 = 42.14 lakh

►Net worth after 3 years = 105 lakh

►∴ Worth of Flat + Car + Shares after 3 years = 105 - 42.14 = 62.85

►So closest worth of three items = 

Practice Test for IIFT - 5 - Question 9

The average of 7 consecutive numbers is P. If the next three numbers are also added, the average shall

Detailed Solution for Practice Test for IIFT - 5 - Question 9

Average of 7 consecutive numbers will be  number.

Average of 10 number will be midpoint of 10/2 i.e. 5th and (10/2) + 1 i.e. 6th numbers i.e.
So average increases by 1.5.

Practice Test for IIFT - 5 - Question 10

Capacity of tap Y is 60% more than that of X. If both the taps are opened simultaneously, they take 40 hours to fill the tank. The time taken by Y alone to fill the tank is

Detailed Solution for Practice Test for IIFT - 5 - Question 10

Let the work done by x is 5 unit/hr and by y = 8 unit/hr.

►So in one hour they will do 13 unit/hr.

►Since the work is done in 40 hours = The total capacity of tank = 40 × 13 = 520 litre

►∴ so Y alone will take 520/8 = 65 hours.

Practice Test for IIFT - 5 - Question 11

DIRECTION for the question: The question has four answer choices numbered (1), (2), (3) and (4). Select the best of the answer choices given.

If one of the roots of a quadratic equation is  115 / 11 + √6, then the quadratic equation must be ___

(i) x2 + 22x + 115 = 0
(ii) 2x2 + 44x + 115 = 0
(iii) x2 - 22x - 115 = 0
(iv) x2 - 22x + 115 = 0

Detailed Solution for Practice Test for IIFT - 5 - Question 11

►One root is x = 115/(11 + √6) Rationalizing we get x = 11 - √6.

►The other root will be 11 + √6. Sum of roots = 22. Product of roots = 115.

►So the equation will be x2 - 22x + 115 = 0.

Practice Test for IIFT - 5 - Question 12

The hands of a clock coincide after every 66 minutes of correct time. How much the clock gains or loses in 24 hours?

Detailed Solution for Practice Test for IIFT - 5 - Question 12

When the hands of clock will meet again, the minute hand will cover 360° more than hour hand.

It will happen after  minutes.

Since hands of the clock are coinciding after 66 minutes so the clock is losing 6/11 minutes in 66 minutes.

So in 24 hour it will lose

Practice Test for IIFT - 5 - Question 13

Ghosh Babu deposited a certain sum of money in a bank in 1986. The bank calculated interest on the principal at 10 percent simple interest, and credited it to the account once a year. After the 1st year, Ghosh Babu withdrew the entire interest and 20% of the initial amount. After the 2nd year, he withdrew the interest and 50% of the remaining amount. After the 3rd year, he withdrew the interest and 50% of the remaining amount. Finally after the 4th year, Ghosh Babu closed the account and collected the entire balance of Rs. 11,000. The total interest, in rupees, collected by Ghosh Babu was:

Detailed Solution for Practice Test for IIFT - 5 - Question 13

As seen from the above table, the total interest collected by Ghosh Babu is Rs.24 on Rs.100.

Hence on Rs.50000, it would be Rs.12000.

Practice Test for IIFT - 5 - Question 14

2 friends X and Y both start their employment on the 1st Jan 1950. X starts off with an initial salary of Rs. 300 per month and with an annual increment of Rs. 30 per month. Y starts of with an initial salary of Rs. 200 per month but with six monthly increments of Rs. 15. All salaries are given on the last day of the calendar month. What is the total salary drawn by X and Y till the 31st of Dec 1959?

Detailed Solution for Practice Test for IIFT - 5 - Question 14

The given data can help us form two sequences, they are as : FOR X : The first term = 300 × 12 = 3600 (salary received in the first year)Thereafter, he receives an increment of Rs. 30, i.e. an annual increment of Rs. 360.

►Thus the common difference = Rs. 360.

►Summing the values for 10 year period, and using the formula : , we get the total income of X as Rs. 52200.

►FOR Y: The first term = 200 × 6 = 1200 (salary received in the first six months) Thereafter, he receives an increment of Rs. 15, i.e. a six monthly increments of Rs. 90.

►Thus the common difference = Rs. 90. Summing the values for 20 terms (10 years, each period of 6 months).

►Using the same formula, we get the total income of Y as Rs. 41100.

►Summing both the values we get = Rs. 93,300.

Practice Test for IIFT - 5 - Question 15

A person on tour has Rs. 360 for his daily expenses. He decides to extend his tour programme by 4 days which leads to cutting down daily expenses by Rs. 3 a day. The number of days of his tour programme is

Detailed Solution for Practice Test for IIFT - 5 - Question 15

On checking the options we find that if the tour is for 20 days then the daily expenses will be Rs 18. to extend the tour by 4 days would make the tour for 24 days and the daily expense will become Rs 15 , so the total bill will be Rs 24 × 15= Rs 360 which same as before. Hence option 2 is the answer.

Practice Test for IIFT - 5 - Question 16

In a trapezium, when the mid-points of the diagonals are joined, the line so formed is 5 cm long. Further, if the length of one of the parallel sides of the trapezium is 25 cm, then find the length of the other parallel side.

Detailed Solution for Practice Test for IIFT - 5 - Question 16

As shown in the figure, the ΔOFE and ΔOAB are similar.
Thus, OF : OA = 5 : 25 = 1 : 5
⇒ OF : AF = 1 : 4
Since, F is the mid-point, therefore AF : FC = 1 : 1 and OF : OC = 1 : 3
Now ΔOFE is similar to ΔOCD
Thus, FE : CD = OF : OC = 1 : 3.
Hence, CD = 3 x 5 = 15 = length of the other parallel side of trapezium.

Practice Test for IIFT - 5 - Question 17

In triangle ABC, ∠B is a right angle, AC = 6 cm, and D is the mid-point of AC. The length of BD is

Detailed Solution for Practice Test for IIFT - 5 - Question 17


►In a right-angled triangle, the length median to the hypotenuse is half the length of the hypotenuse.

►Hence, BD = 1/2 AC = 3cm. This relationship can be verified by knowing that the diameter of a circle subtends a right angle at the circumference. e.g. in the adjacent figure D is the centre of the circle with AC as diameter.

►Hence; ∠ABC should be 90°, so BD should be the median to the hypotenuse.

►Thus, we can see that BD = AD = CD = Radius of the circle.

►Hence, BD = 1/2 diameter = 1/2 AC = 1/2 hypotenuse

Practice Test for IIFT - 5 - Question 18

The population of a town is 155625. For every 1000 males there are 1075 females. If 40% of the males and 24% of the females are literate, find the percentage of literacy in the town.

Detailed Solution for Practice Test for IIFT - 5 - Question 18

Ratio of males/females = 1000/1075 = 40/43,

►Males = 75000 & Females = 80625.

►Literate males = 40% of 75000 = 30000.

►Literate females = 24% of 80625 = 19350.

►So literacy % = [(19350 + 30000) / 155625] × 100 = 31.7 %.

Practice Test for IIFT - 5 - Question 19

Sugar at Rs. 30 per kg is mixed with sugar at Rs. 40 per kg in the ratio 2:3. The price of new mixture per kg is

Detailed Solution for Practice Test for IIFT - 5 - Question 19

Let us assume he mixed 2kgs of sugar worth Rs 30 per kg with 3kgs of sugar worth Rs 40 per kg.

►So total cost = (2*30) + (3*40) = 180 Rs for 5 kg

►So price of new mixture per kg = 180/5 = 36 Rs

Practice Test for IIFT - 5 - Question 20

If a, b and c are distinct positive numbers not equal to 1 and if (logca)(logba) + (logab)(logcb) + (logbc)(logac) = 3, then the value of abc is

Detailed Solution for Practice Test for IIFT - 5 - Question 20

Given (logca)(logba) + (logab)(logcb) + (logbc)(logac) = 3

Or, (loga)3 + (logb)3 + (logc)3 = 3(loga)(logb)(logc)
Or, log a + log b + log c = 0
(We know that a3 + b+ c3 = 3abc when a + b + c = 0)
Thus, log abc = 0 or, abc = 1

Practice Test for IIFT - 5 - Question 21

A, B, and C started a business with capitals of Rs. 8000, Rs. 10000 and Rs. 12000 respectively. At the end of the year, the profit share of B is Rs. 1500. The difference between the profit shares of A and C is?

Detailed Solution for Practice Test for IIFT - 5 - Question 21

The ratio of the capitals invested by A, B and C is 4: 5: 6.

►This will also be the ratio of their profits. Now it is given that the share of B in the profits is Rs 1500.

►So the profits of A and C are Rs 1200 and Rs 1800 respectivelty.

►Hence the required differenece is Rs 600.

Practice Test for IIFT - 5 - Question 22

A hare pursued by hound is 30 m before the hound at starting. Whilist the hare takes 4 leaps the hound takes 3. In one leap the hare goes 1(1/2)m and the hoound 2(1/2)m. How far will the hare have gone when the hound will catch the hare?

Detailed Solution for Practice Test for IIFT - 5 - Question 22

Distance covered by hare = 4 x 3/2 = 6 and Hound = 3 x 5/2 = 7.5

►Relative speed of hound wrt Hare = 7.5 - 3 = 1.5.

►Since distance between them initially was 30 m which is to be covered at 1.5 m, so it will take 30/1.5 = 20 unit time, in which Hound can cover 20 x 7.5 = 150 m.

►So Hare must have gone 120 m more in that time.

Practice Test for IIFT - 5 - Question 23

The odds against a certain event P are 7 : 4 and the odds in favour of another independent event Q are 8 : 7. The probability that at least one of the events will happen is:

Detailed Solution for Practice Test for IIFT - 5 - Question 23

►The probability of P occurring = 4 / (7 + 4) = 4/11
Odds in favour of Q = 8 : 7

►Probability of Q occurring = 8 / (8 + 7) = 8/15

►Therefore, the probability that at least one of the events will happen

= 1 – (7/11 × 7/15)
= 1 –  49/165
= 116/165

Practice Test for IIFT - 5 - Question 24

What is the product of the first n terms of the series 31/3 x 91/9 x 271/27 x ... ?

Detailed Solution for Practice Test for IIFT - 5 - Question 24

Practice Test for IIFT - 5 - Question 25

A sum of money is accumulating at compound interest at a certain rate of interest. If simple interest instead of compound were reckoned, the interest for the first two years would be diminished by Rs. 20 and that for the first three years, by Rs. 61. What is the sum?

Detailed Solution for Practice Test for IIFT - 5 - Question 25

Let the principal be P and rate of interest be r %. Then, principal
(i) when difference between C.I. and S.I is for 2 years is given by
P = 20 × (100/r)2 …. (1)

(ii) When difference between CI & SI in for 3 yrs in given by
P = 61 × (10)6/ r2 (300 + r) …. (2)

From  (1) and (2) we have
20 × (100/r)2 = 61×(10)6/ r2 (300 + r)

⇒ r = 305 - 300 = 5 %
From (1), P = 20 × 10425
= Rs.8000

Practice Test for IIFT - 5 - Question 26

DIRECTIONS for the question : Read the passage and answer the question based on it. 
Although the legal systems of England and the United States are superficially similar, they differ profoundly in their approaches to and uses of legal reasons: substantive reasons are more common than formal reasons in the United States, whereas in England the reverse is true. This distinction reflects a difference in the visions of law that prevails in the two countries. In England, the law has traditionally been viewed as a system of rules; the United States favours a vision of law as an outward expression of community's sense of right and justice.
Substantive reasons, as applied to law, are based on moral, economic, political and other considerations. These reasons are found both "in the law" and "outside the law" so to speak. Substantive reasons inform the content of a large part of the law: constitutions, statutes, contracts, verdicts, and the like. Consider, for example, a statute providing that "no vehicles shall be taken into public parks." Suppose that no specific rationales or purposes were explicitly written into the statute, but that it was clear (from its legislative history) that the substantive purpose of the statute was to ensure quiet and safety in the park. Now suppose that a veterans' group mounts a World War II jeep (in running order but without a battery) as a war memorial on a concrete slab in the park, and charges are brought against its members. Most judges in the United States would find the defendants not guilty because what they did had no adverse effect on park's quiet and safety.
Formal reasons are different in that they frequently prevent substantive reasons from coming into play, even when substantive reasons are explicitly incorporated into the law at hand. For example, when a document fails to comply with stipulated requirements, the court may render the document legally ineffective. A Will requiring written witness may be declared null and void and, therefore, unenforceable for the formal reason that the requirement was not observed. Once the legal rule - that a Will is invalid for lack of proper witnessing - has been clearly established, and the legality of the rule is not in question, application of that rule precludes from consideration substantive arguments in favour of the Will's validity or enforcement.
Legal scholars in England and the United States have long bemused themselves with extreme examples of formal and substantive reasoning. On the one hand, formal reasoning in England has led to wooden interpretations of statutes and an unwillingness to develop the common law through judicial activism. On the other hand, freewheeling substantive reasoning in the United States has resulted in statutory interpretations so liberal that the texts of some statutes have been ignored.

Q. Which one of the following best describes the content of the passage as a whole?

Detailed Solution for Practice Test for IIFT - 5 - Question 26

The given passage talks about the legal systems of the United Stated and England and how different they are in their use of legal reasons. Therefore, option (c) is the correct answer. The passage doesn''t talk of any similarities and differences between the legal systems of England and the United States, except that in their use of legal reasons. Hence, option (a) is incorrect. Option (b) is incorrect since the author uses examples not to re-evaluate the legal systems but to explain the use of substantive and formal reasons in their respective legal systems. Option (d) is incorrect as the passage doesn''t talk of the development of legal reasoning in general but only as limited to England and the United States.

Practice Test for IIFT - 5 - Question 27

DIRECTIONS for the question : Read the passage and answer the question based on it. 
Although the legal systems of England and the United States are superficially similar, they differ profoundly in their approaches to and uses of legal reasons: substantive reasons are more common than formal reasons in the United States, whereas in England the reverse is true. This distinction reflects a difference in the visions of law that prevails in the two countries. In England, the law has traditionally been viewed as a system of rules; the United States favours a vision of law as an outward expression of community's sense of right and justice.
Substantive reasons, as applied to law, are based on moral, economic, political and other considerations. These reasons are found both "in the law" and "outside the law" so to speak. Substantive reasons inform the content of a large part of the law: constitutions, statutes, contracts, verdicts, and the like. Consider, for example, a statute providing that "no vehicles shall be taken into public parks." Suppose that no specific rationales or purposes were explicitly written into the statute, but that it was clear (from its legislative history) that the substantive purpose of the statute was to ensure quiet and safety in the park. Now suppose that a veterans' group mounts a World War II jeep (in running order but without a battery) as a war memorial on a concrete slab in the park, and charges are brought against its members. Most judges in the United States would find the defendants not guilty because what they did had no adverse effect on park's quiet and safety.
Formal reasons are different in that they frequently prevent substantive reasons from coming into play, even when substantive reasons are explicitly incorporated into the law at hand. For example, when a document fails to comply with stipulated requirements, the court may render the document legally ineffective. A Will requiring written witness may be declared null and void and, therefore, unenforceable for the formal reason that the requirement was not observed. Once the legal rule - that a Will is invalid for lack of proper witnessing - has been clearly established, and the legality of the rule is not in question, application of that rule precludes from consideration substantive arguments in favour of the Will's validity or enforcement.
Legal scholars in England and the United States have long bemused themselves with extreme examples of formal and substantive reasoning. On the one hand, formal reasoning in England has led to wooden interpretations of statutes and an unwillingness to develop the common law through judicial activism. On the other hand, freewheeling substantive reasoning in the United States has resulted in statutory interpretations so liberal that the texts of some statutes have been ignored.

Q. It can be inferred from the passage that English judges would like to find the veterans' group discussed in the second paragraph guilty of violating the statute because

Detailed Solution for Practice Test for IIFT - 5 - Question 27

In the first paragraph of the passage, the author tells us that formal reasons are more common in England than substantive reasons. Then the author goes on to describe what he means by formal reasons and as an example, says in the third paragraph that according to the laws that are followed in England, if a document fails to conform to the rules that have been specified, then the court has a right to make the document legally ineffective. So, it can be clearly inferred that the English judges would find the Veteran''s group guilty because they have clearly violated the "stipulated requirements", which stated that no vehicles should be taken into public parks. Hence, option (d) is the correct answer.

Practice Test for IIFT - 5 - Question 28

DIRECTIONS for the question : Read the passage and answer the question based on it. 
Although the legal systems of England and the United States are superficially similar, they differ profoundly in their approaches to and uses of legal reasons: substantive reasons are more common than formal reasons in the United States, whereas in England the reverse is true. This distinction reflects a difference in the visions of law that prevails in the two countries. In England, the law has traditionally been viewed as a system of rules; the United States favours a vision of law as an outward expression of community's sense of right and justice.
Substantive reasons, as applied to law, are based on moral, economic, political and other considerations. These reasons are found both "in the law" and "outside the law" so to speak. Substantive reasons inform the content of a large part of the law: constitutions, statutes, contracts, verdicts, and the like. Consider, for example, a statute providing that "no vehicles shall be taken into public parks." Suppose that no specific rationales or purposes were explicitly written into the statute, but that it was clear (from its legislative history) that the substantive purpose of the statute was to ensure quiet and safety in the park. Now suppose that a veterans' group mounts a World War II jeep (in running order but without a battery) as a war memorial on a concrete slab in the park, and charges are brought against its members. Most judges in the United States would find the defendants not guilty because what they did had no adverse effect on park's quiet and safety.
Formal reasons are different in that they frequently prevent substantive reasons from coming into play, even when substantive reasons are explicitly incorporated into the law at hand. For example, when a document fails to comply with stipulated requirements, the court may render the document legally ineffective. A Will requiring written witness may be declared null and void and, therefore, unenforceable for the formal reason that the requirement was not observed. Once the legal rule - that a Will is invalid for lack of proper witnessing - has been clearly established, and the legality of the rule is not in question, application of that rule precludes from consideration substantive arguments in favour of the Will's validity or enforcement.
Legal scholars in England and the United States have long bemused themselves with extreme examples of formal and substantive reasoning. On the one hand, formal reasoning in England has led to wooden interpretations of statutes and an unwillingness to develop the common law through judicial activism. On the other hand, freewheeling substantive reasoning in the United States has resulted in statutory interpretations so liberal that the texts of some statutes have been ignored.

Q. From the discussion of Wills in the third paragraph it can be inferred that substantive arguments as to the validity of a Will might be considered under which one of the following circumstances?

Detailed Solution for Practice Test for IIFT - 5 - Question 28

All of the first three options are circumstances under which the substantive arguments will not be considered as none of the options give valid reasons for the Will to be considered enforceable. Only option (d) is a circumstance when the Will may be considered valid without a written witness, since it is a case of a Judge allowing for a verbal witness during a medical emergency.

Practice Test for IIFT - 5 - Question 29

DIRECTIONS for the question : Read the passage and answer the question based on it. 
Although the legal systems of England and the United States are superficially similar, they differ profoundly in their approaches to and uses of legal reasons: substantive reasons are more common than formal reasons in the United States, whereas in England the reverse is true. This distinction reflects a difference in the visions of law that prevails in the two countries. In England, the law has traditionally been viewed as a system of rules; the United States favours a vision of law as an outward expression of community's sense of right and justice.
Substantive reasons, as applied to law, are based on moral, economic, political and other considerations. These reasons are found both "in the law" and "outside the law" so to speak. Substantive reasons inform the content of a large part of the law: constitutions, statutes, contracts, verdicts, and the like. Consider, for example, a statute providing that "no vehicles shall be taken into public parks." Suppose that no specific rationales or purposes were explicitly written into the statute, but that it was clear (from its legislative history) that the substantive purpose of the statute was to ensure quiet and safety in the park. Now suppose that a veterans' group mounts a World War II jeep (in running order but without a battery) as a war memorial on a concrete slab in the park, and charges are brought against its members. Most judges in the United States would find the defendants not guilty because what they did had no adverse effect on park's quiet and safety.
Formal reasons are different in that they frequently prevent substantive reasons from coming into play, even when substantive reasons are explicitly incorporated into the law at hand. For example, when a document fails to comply with stipulated requirements, the court may render the document legally ineffective. A Will requiring written witness may be declared null and void and, therefore, unenforceable for the formal reason that the requirement was not observed. Once the legal rule - that a Will is invalid for lack of proper witnessing - has been clearly established, and the legality of the rule is not in question, application of that rule precludes from consideration substantive arguments in favour of the Will's validity or enforcement.
Legal scholars in England and the United States have long bemused themselves with extreme examples of formal and substantive reasoning. On the one hand, formal reasoning in England has led to wooden interpretations of statutes and an unwillingness to develop the common law through judicial activism. On the other hand, freewheeling substantive reasoning in the United States has resulted in statutory interpretations so liberal that the texts of some statutes have been ignored.

Q. Which one of the following best describes the function of the last paragraph of the passage?

Detailed Solution for Practice Test for IIFT - 5 - Question 29

The last paragraph of the passage describes what has happened as a result of following the extreme forms of legal reasoning (substantive reasons and formal reasons) in England and the United States. Therefore, option (a) is the correct answer.

Practice Test for IIFT - 5 - Question 30

DIRECTIONS for the question : Read the passage and answer the question based on it. 
Much remained a mystery about Bernie Madoff s crime, even after he pleaded guilty in March 2009. But one thing, it seemed, that everybody knew was true was this: his wife and sons were guilty too. From the first weeks after his arrest, unidentified "former prosecutors" and "criminal lawyers who have followed the case" and "legal sources" were repeatedly quoted in various media outlets asserting that Ruth, Mark, and Andrew Madoff were under investigation and would soon be indicted. Glossy magazine articles would speculate carefully; garish Internet blogs would accuse recklessly; television commentators would wink and nod knowingly. All that fierce, smug certainty about their guilt-unsupported by any cited facts-effectively drove Madoff s immediate family into exile.
In an era of hypermedia, with mobile phone paparazzi and self-defined Internet commentators constantly on the alert for ways to attract attention, it is worth noting that these attacks on the Madoff family were a sharp departure from the typical public reaction to cases of white-collar crime, going back more than a century.
Of course, such criminals-confidence men, embezzlers, crooked politicians, fraudsters of all kinds-were attacked savagely by the press and the public when their crimes came to light. But their wives and children were almost never included in those attacks; rather they were almost always ignored or, at the very least, quickly left alone. There were a few exceptions where criminal charges were actually filed against a close relative, who was then pulled to the whipping post of public attention. In general, however, even the wives and children of executed murderers were left to rebuild their lives in relative obscurity, unless they sought the spotlight themselves.
The treatment over the years of organized-crime defendants is instructive. Despite widespread fascination with the murderous escapades of so-called "Mafia dons" and crime-family "capos", it was extremely rare for any attention to fall on the elderly Mrs. Mafia Don or the capos' children-even though a realist might have wondered how much they knew about why their husband or father had asked all his closest buddies to wear guns and sleep on mattresses in the garage. On rare occasions, a mobster's relatives actively courted publicity. But those who didn't were routinely ignored by the media and certainly were never publicly and repeatedly accused of complicity in their husbands' or fathers' crimes.
Yet the public outcry against Ruth Madoff and her sons began almost from the instant of Madoffs arrest and did not cease. By the time he pleaded guilty, it was deafening.
From the beginning, however, there were facts in the Madotf case that just didn't seem to be consistent with the family's guilt. First, there was the fact that none of them fled the country. Perhaps Bernie Madoff, seventy years old at the time of his confession, felt too old and tired to leave as a wealthy fugitive; and perhaps Ruth, even if she were guilty and faced arrest and a lifelong imprisonment, would not leave without him. But his two sons, if they were guilty, had the opportunity, the means, and the motive to flee. The end was clearly in sight weeks in advance, there was still a princely sum in the bank, and they and their families were relatively young and portable. Surely, Madoff, before turning himself in, would have handed his sons the keys to the company jet and enough cash to let them live comfortably beyond the reach of the law for the rest of their lives. After all, if they were his accomplices, their only other option would have been to stay and go to prison. And yet Madoff did not flee- and neither did his wife or sons.
Then, there was his confession. Some hostile theorists immediately argued that Madoff and his guilty sons staged his confession so they could turn him in and thereby deflect suspicion from themselves. But this would have been a worthless gesture unless they all could have been absolutely sure that no incriminating evidence would surface later and none of their other low-levelaccomplices would finger the sons in a bid for leniency-assumptions that were not remotely realistic if the sons were actually guilty. Moreover, if Madoff truly believed anyone could be insulated from suspicion simply by turning himself in, wouldn't he have arranged for that to be Ruth?
Logic aside, assumptions about the family's guilt began to run up against the fact that, as the Madoff investigation progressed, the predicted arrests of his wife and sons simply did not happen.

Q. According to the author, why did the wife and sons of Madoff not flee the country?

Detailed Solution for Practice Test for IIFT - 5 - Question 30

The family had every means to flee the country, so option B is rejected. Option c is rejected as it was the assumption made by some hostile theorist. Option A is rejected as it has nothing to do with his family staying or leaving the country.

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