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Centre nods to building a ‘Freight Village’ in Varanasi

The Ministry of Shipping on December 6, 2018 gave its approval for the development of a Rs. 156 Crore Freight Village in Varanasi, which would be adjoining the Inland Waterways Terminal on River Ganga.

The Varanasi Freight Village will be developed by the Inland Waterways Authority of India (IWAI).

What is a Freight Village?

Varanasi Freight Village

  • A Freight Village is a designated area where facilities for several modes of transportation, distribution of good and other logistics can be found on a large scale in a synchronised manner.
  • Freight Villages are cargo aggregators which offer various logistic choices to a shipper or cargo owner such as choice of rail-road; rail-waterway; road-waterway.

Advantages of a Freight Village

  • It is will be serving as a cargo hub and a centre for value addition and aggregation.
  • It will help in providing support to stimulate the development of a professional logistics industry in Varanasi.
  • The main function of Freight Villages is to synergize and decongest the existing mode of transportation, besides looking after the management and utilisation of various modes of transport.
  • The coordination of various freight-related activities and delivery under one single roof would ensure ease in business.

Why is Varanasi the chosen site for building a Freight Village?

  • The World Bank conducted a pre-feasibility study upon which it discovered Varanasi as an ideal location for the freight village.
  • Varanasi, as a city, is located strategically and serves as a focal point n the logistics chain of Eastern Transport Corridor of India, where the National Waterways-1, Eastern Dedicated Freight Corridor (EDFC), National Highway-7 and National Highway-2 pass through.
  • With the commissioning of the Inland Waterways Terminal (IWT) being built under the Jal Marg Vikas Project, the volume of traffic on the inland waterway to Varanasi is expected to increase.
  • The estimated volume of traffic for Varanasi multi-modal terminal is 3.55 MMT by 2020; 3.82 MMT by 2025; 10.12 MMT by 2035.
  • Vessels with a capacity of up to 2000 DWT would be able to berth at the IWT multimodal terminal, which will possess the infrastructure facilities required to handle this expected increase in the volume of cargo traffic.

Highlights of the Varanasi Freight Village

  • The Varanasi Freight Village will be developed over a land which would be acquired in two phases – 70 acres in the first phase and 30 acres in the second phase. Therefore, the total land area becomes 100 acres and at an estimated cost of Rs. 120 crores.
  • Reportedly, a pre-investment cost of Rs 45 crores is underway, which would be incurred on the procurement of consultancy service and operation of the project management unit.
  • The Inland Waterways Authority of India (IWAI) will be owning the land of the freight village, but part of it will be leased to logistics companies and waterways-related manufacturing and trading companies for setting up their own business.
  • The freight village can potentially cater to a diverse cargo profile including containers, bulk and break-bulk cargo, liquid bulk and bagged cargo.

About Inland Waterways Authority of India (IWAI)

Inland Waterways Authority of India came into existence on December 27, 1986 by the government of India. It was created for the development and regulation of inland waterways for shipping and navigation. The IWAI undertakes projects related to development and maintenance of Inland Waterway Terminal infrastructure on National Waterways through grants received from Ministry of Shipping, Road Transport and Highways.

The IWAI has its head office in Noida, Uttar Pradesh and regional offices in Patna, Kochi, Guwahati and Kolkata.

Watch this space for your daily dose of GK. Also, read the latest update on the Aadhaar Act and all about the RBI Board Meetings and how they affect our economy.

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Aadhaar Card holders get provision to opt out!

With all the uproar regarding the linking of the PAN Card with the Aadhaar Card all this while, with citizens arguing that it violates an individual’s privacy, and the Supreme Court countering back stating that the biometric data does not cause a breach of privacy.

Aadhaar Card

Aadhaar Card was barred from being used for KYC authentication purposes, but was still used for Pan Card and ITR filing. The government had welcomed the Supreme Court move, with the Finance Minister Arun Jaitley saying Aadhaar had helped the government in saving Rs. 90,000 in a year by targeting beneficiaries and plugging leakages.

There is, however, a huge change to be witnessed in the government’s decision over the Aadhaar Act, who has been mulling over amending the Aadhaar Act. It is, in fact, in its last stage to finalise the proposal over the amendment of the Aadhaar Act. The revised Aadhaar Act would give citizens an option to withdraw their Aadhaar number, including biometrics and data.

The Supreme Court’s landmark judgement over Aadhaar

The Supreme Court had earlier upheld the constitutional validity of the Aadhaar with certain riders. The court had said that Aadhaar plays a major role in serving benefits to marginalised sections of the society and gives them an identity. The SC had mandated Aadhaar for purposes like availing government subsidies, applying for a PAN Card and filing income tax returns. It had also questioned the use of Aadhaar in some areas, like linking the Aadhaar number to the individual’s bank account and personal mobile number. It also emphasised that children are not to be denied availing benefits from any government schemes even if they do not possess an Aadhaar Card.

The court also found storage of Authentication records for up to 5 years unconstitutional and said that it should be stored only for a period of six months by all means.

The UIDAI Proposal

This proposal was drafted by the Unique Identification Authority of India (UIDAI). As per a senior official, “once a child turns 18, he/she will be given six months to decide if he/she wants to withdraw.”

This proposal had been sent to the Law Ministry for vetting, however, the Supreme Court said that the option to withdraw should be made available to all the citizens and should not be restricted to only a particular group.

Yet, the catch here is that the amendment in the Aadhaar Act will benefit only those who do not own a PAN Card or do not require one, as the court had earlier upheld the linking of PAN with Aadhaar. Reportedly, over 37.50 crore PANs have been issued till March 12, 2018. Out of these, around 16.54 crore have been linked with Aadhaar.

In lieu of the court order, the proposal is willing to appoint an adjudicating officer for deciding if a person’s Aadhaar-related data needs to be disclosed in the interest of national security.

The Supreme Court Scraps Section 33 (2)

The court had struck down Section 33(2) which allowed disclosure of Aadhaar information for national security reasons on the orders of an officer who is not below Joint Secretary in the hierarchy. It had said that an officer above Joint Secretary should consult a judicial officer in this matter and take a call together.

Follow this space for your daily UPSC GK capsule. Curious about what is an NJAC Act and what really transpires in an RBI Board Meeting? Also, learn why CareerAnna’s GK courses reign supreme above others.

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What is an RBI Board Meeting?

They say that money makes the world go round, and rightly so, as any society will cease to exist or establish a solid foundation without taking its economical aspects in mind. Ralph Waldo Emerson once said, ‘Economy does not consist in saving the coal, but in using the time while it burns.’ So what does this ‘economy’ depend on and where is it regulated from? You guessed it right, it is nothing else but our Banking System. Banks help in ensuring a steady flow of funds and proper allocation of financial resources, so that economic development and growth of the nation can be ensured. This article will help you learn all about the RBI functioning and what exactly transpires in an RBI Board Meeting.

Reserve Bank of India: An Introduction

Reserve Bank of India (RBI) is considered to be India’s Central Banking Institution which is responsible to control the monetary policy of the Indian rupee. The RBI was nationalised on January 1, 1949 soon after India’s independence. The RBI is popularly known as a ‘Banker’s Bank’ because it lends money to other banks and financial institutions when they need money for investments, lending and the likes. Commercial banks hold accounts with the RBI, wherein they are supposed to maintain a minimum amount of balance amounts in them. The RBI also lends interests to such banks though for a defined period of time, which the latter can use for further lending at higher rates or for investing which helps them earn a profit.

The RBI is a member bank of Asian Clearing Union (financial body based out of Tehran to provide a system of clear payments amongst its members), besides being a leading member of the Alliance Financial Inclusion (AFI) which promotes financial inclusions for the poorest populations. It also plays a crucial part in the development strategy of the Indian government. RBI oversees a general superintendence and direction with a 21-member central board of directors, including the Governor, four Deputy Governors, two Finance Ministry representatives (Economic Affairs and Financial Services secretaries), 10 government-nominated directors to enhance elements from the Indian economy and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and the capital New Delhi. These boards individually comprise of 5 members who are responsible to represent regional interests and the interests of co-operative and indigenous banks respectively.

The RBI’s reason for existence

The Board Meeting by the RBI are generally considered to be extremely inclusive and generally goes unnoticed. However, with the appointment of Mr. Swaminathan Gurumurthy, journalist and part-time director of RBI, who is looked upon as an extremely influential voice. There was a huge furore caused at his appointment amid the preexisting tensions between the central bank and the Finance Ministry.

What goes on in an RBI Board Meeting?

RBI Board Meeting

The Board of Directors from the Reserve Bank of India (RBI) come together every month to discuss inspection reports of banks and systemically important financial entities alongside other routine issues which demand immediate attention and vigilance. The Board has 18 members besides government-nominated 10 public representatives from different walks of life, the prominent among them being Chairman Tata Sons, N. Chandrasekaran, Bharat Doshi, the former CFO of Mahindra & Mahindra Economic Affairs Secretary Subash C. Garg and Rajiv Kumar, Secretary, Department of Financial Services.

The RBI held a marathon Board meeting on November 19, 2018 to discuss several contentious issues like the capital required by the RBI, the rules for relatively weaker banks and lending norms for SMEs (Small and Medium Enterprises). The Board meeting reached a nexus between the RBI and the government, where the former agreed that it should hold an expert committee to refer to contentious issues of appropriate sizes of reserves and restructure loans of small businesses.

RBI versus the Government

There are various issues on which the RBI and the Government cannot concur. Some of them are:

  1. A circular from the central bank which resulted in dragging several power companies who were defaulting on repayments and insolvency processes.
  2. Classification of banks as ‘weak’ and demand immediate scrutiny and corrective action.
  3. RBI’s reluctance for opening the liquidity tap for the NBFCs (non-banking finance companies) has not gone well with the government
  4. RBI’s reluctance to touch stock reserves on its balance sheet, despite transferring its full annual profits to the government as dividends in the last five years.

The Board meeting on October 23 was reported to be a stormy affair that went on for about 8 hours, and ended up discussing only 3 of the 20 items on the agenda. There was a public speech on October 26, 2018 by the Deputy Governor Viral Acharya, where he said that governments who do not respect the central bank’s independence would be incurring the wrath of the markets, which sent the RBI-government relations further downhill.

Why is an RBI Board Meeting important?

The November 19, 2018 meeting was crucial in the light of the fraught relationship between the RBI and the government and could have resulted either in resolution or lead to a point of no return. The only way out of this is for RBI and the government to reach a nexus on the current situation and future decisions.

What’s next in the RBI Board Meeting?

The November 19, 2018 meeting continued for 9 hours due to a perceived interference by the government in the central banks functioning. They eventually signaled truce on the following terms:

  1. RBI will form a panel on sharing surplus
  2. Loans of up to Rs. 25 crores to be restructured
  3. Issue of RBI governance, liquidity saved for another meeting.

The next RBI Board Meeting is likely to take place on 14 December.

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The Million Dollar Question: Why is MBA So Expensive?

CAT 2018 Exam saw a remarkable boom in the number of applicants this year with 2.41 lakh fresh registrations and 10, 000 candidates re-appearing. The exam was a whirlwind as usual and is followed by other equally important management entrance exams such as IIFT 2018, SNAP 2018 and XAT 2019 and so on and so forth. Needless to say, an MBA Degree is the current hot cake in the market and opens a glorious gateway to corporate careers. The bigger and reputed the B-School, the better the placements and higher the packages.

MBA

But, as you all already know, there are no free lunches in life and everything indeed comes with a price. MBA degrees are expensive, be it India or abroad. Recently, IIM Ahmedabad was equated with other money-minting coaching institutes despite it being the most reputed management institute of the country and known for churning out future CEOs and bureaucrats, yet it had fingers pointing towards it. The reason: hefty fees for its various management programmes.

Let us have a look at the Fee Structure of some of the IIM and Non-IIM institutes, to give you an understanding of the amount of expenditure you would incur while going for an MBA in general, from either IIM or Non-IIM Institutes. 

Fee Structure of IIM and Non-IIM Institutes

Name of the College Fee Structure
MDI Gurgaon: Management Development Institute
21.34 lakhs
IMI Delhi: International Management Institute
16.95 lakhs
Faculty of Management Studies, New Delhi
0.22 lakhs
IMT Ghaziabad
17.50 lakhs
IIFT New Delhi 15.7 lakhs
Great Lakes, Chennai 16.45 lakhs
IIT Delhi 8 lakhs
IIM Ahmedabad 21 lakhs
IIM Lucknow 16 lakhs
IIM Bangalore 19.50 lakhs
IIM Kozhikode 16 lakhs
IIM Calcutta 11.25 lakhs
JBIMS, Mumbai 6 lakhs

The aforementioned data is a clear evidence about the management degrees being quite expensive compared to other degree or diploma courses.

We, thus, come to the million-dollar question: Why is MBA so expensive?

An MBA degree is extremely sought after and demands a huge investment on the student’s part. Therefore, it is important to calculate how much money you can recover and how fast. There are over 3000 Business Schools in India offering an MBA degree, but one needs to meet certain parameters while choosing the course. The overall Return on Investment, Scope of the MBA degree, Opportunities, Cost, Tuition Fees, Preparation Cost, Tuition Fees, Badge, Value, Alumni Network, Choice of Career etc to understand how far the degree is worth. Taking a heavy Education Loan and not getting its’ worth can be extremely detrimental to personal finances as well as effect both personal life and career in the long term.

It is still cheaper to pursue an MBA degree from India in contrast to an MBA abroad, nonetheless, the fee is considerably high even for Indian standards and in general cannot be met without drawing an Education Loan. Mentioned below are some reasons which make an MBA heavy on your pocket:

  • Tuition Fee and the Cost of Living

This is the sphere where all the money goes down the drain!  A two-year residential PGP programme at a premier institute in India will cost one approximately Rs 12-15 lakhs. MBA degree which require a GMAT exam for enrolment require both higher fees and experienced professionals. Therefore, an MBA degree in India requires shelling out 20-25 lakhs and 70 lakhs fees for an MBA degree abroad. Education loan is made available from various Indian banks against collateral security and/or co-signors at 10.5 to 12% floating rate of interest.

  • The Opportunity Cost

An MBA is all about adding to your existing qualification and to drastically change one’s career for the better. Therefore, while deciding on an MBA course one should consider the Opportunity Cost as well. Opportunity Cost includes foregone salary, professional experience and perhaps a promotion.

  •  Preparation Costs

There are several players in the education industry who focus solely on MBA. An average cost of classroom coaching for written exam is around Rs 25000. Add another Rs 25000 for Interview Preparations and Essay Writing, especially for GMAT aspirants.

  • Cost of Application

CAT Application Fee is around Rs 1600, where you are eligible to apply to programmes from IIMs as well. If you want to apply for other management institutes accepting CAT, you must pay for their application forms separately which costs approximately Rs 1500-Rs 2000. The costs for GMAT are higher.  The cost of taking GMAT once is US$250 and the cost of sending additional score report for every B-School is US $28. Besides, one needs to buy application forms of each Business School, which costs about US $200 for each school.

Factors Affecting an MBA Degree

A student can either opt for a full-time or a part time MBA programme, depending upon his/her requirement. They will both result in an MBA, yet there are tradeoffs to consider. A student pursuing a full-time degree won’t be able to work at the side, whereas an Executive MBA is for students who are typically 32-42 years of age who have accumulated some work experience over time and want to both work and study at the same time, without having to live on campus.

Other factors that come into play while pursuing an MBA degree is Grades. Without scoring an overall good percentile, one cannot secure an admission into the top B-schools. Academic excellence provides a solid foundation to the work that you do, is something no one can snatch away from you and reflects in your work life as well, yet, B-Schools are inclined towards real-world professional outcomes and relationships. Naturally, many of them value relevant work experience before taking the final call on a candidate.

When is the MBA Degree Really Worth It?

An MBA is only worth the expense, time and effort when the student plans to work long-term in a corporate career, business-related fields, company founder, etc. Students working in other industries, unless they are in management or leadership roles, may not find an MBA of much use.

Besides, it is not only about getting the degree, but about getting it from an institution of high repute so you can bag good placement offers and use the brand value of the institution in your favour for life. Recruiters and Hiring managers are not likely to view an MBA earned from an unknown or online-only educator in a good light. For working professionals forgoing a few years of work to go back to gain an MBA degree and doing so from an average college would be waste of time, money and opportunity.

An MBA programme from a top B-school provides a rather smooth sail into becoming future leaders, nonetheless, it should not be confused with achieving leadership positions without the desired skills and a poor personality and emotional quotient. Thinking out of the box, sincerity, perseverance and laboriousness are golden qualities that can make an employee rise in life, regardless of an MBA or any other degree.

An MBA degree adds to your resume and gets you that interview call, yet converting the interview resides solely on the candidate.

Summing up, the cost of doing an MBA has a significant impact on individuals and their families as well. It is indeed a lucrative degree and would open many doors for students who dream of thriving in corporate careers, nonetheless, it does come with its’ drawbacks and one needs to evaluate both their long and short-term goals. The bottom-line is that the benefits of doing an MBA considerably outweigh financial costs associated with it. Despite the cost-benefit aspects, a great majority of business school alumni self-report very positive experiences and high value from their MBA degrees.

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SNAP 2018 Admit Card, Exam Date, Exam Pattern

The exam season has already begun, with CAT 2018 and IIFT 2018 already ticked off the list. Both the exams created a furore in their own right amongst the students and threw some curveballs their way. They are now followed by the SNAP 2018 Exam, which will be held on December 16, 2018.

IIFT 2018

The Symbiosis National Aptitude Test (SNAP 2018) Exam is a common and online test conducted for candidates willing to secure admissions into the join MBA / MSc (CA) / MSc (SS) programmes offered by institutes of Symbiosis International (Deemed University).

The structure of the SNAP 2018 Admissions Process is as follows:

  1. SNAP Online Entrance Test Registration
  2. SNAP Online Entrance Test
  3. Shortlisting and Selection Process
  4. Merit List Declaration and Admission

There are around 15 Symbiosis Institutes across the country. Given below is a list of colleges accepting SNAP Scores:

Symbiosis Institute of Business Management (SIBM, Pune)
Symbiosis Centre for Management and Human Resource Development (SCMHRD, Pune) Symbiosis Institute of International Business (SIIB, Pune)
Symbiosis Institute of Telecom Management (SITM, Pune) Symbiosis Institute of Management Studies (SIMS, Pune)
Symbiosis Institute of Media & Communication (SIMC, Pune) Symbiosis Institute of Operations Management (SIOM, Nashik)
Symbiosis Centre for Information Technology (SCIT, Pune) Symbiosis Institute of Health Sciences (SIHS, Pune)
Symbiosis Institute of Business Management (SIBM, Bengaluru) Symbiosis School of Media and Communication, Bengaluru (SSMC, Bengaluru)
Symbiosis School of Banking & Finance (SSBF, Pune) Symbiosis Institute of Business Management, Hyderabad. (SIBM, Hyderabad)
Symbiosis School of Sports Sciences (SSS, Pune) Symbiosis Institute of Computer Studies & Research (SICSR, Pune)

SNAP 2018 Exam Dates and Schedule

SNAP 2018 Exam Dates 
Date
SNAP 2018 Notification Release
August 28, 2018
SNAP 2018 Registration starts
August 28, 2018
SNAP 2018 Registration closes
November 26, 2018
SNAP 2018 Payment closes
November 28, 2018
SNAP 2018 Admit Card, downloading starts
December 1, 2018
SNAP 2018 Admit Card, downloading ends
December 16, 2018
SNAP 2018 Test
December 16, 2018 Sunday from 2 PM to 4 PM
SNAP 2018 Results
January 2019, 2nd Week

SNAP 2018 Admit Card

The Admit Card for SNAP 2018 Exam was released on December 1, 2018 after 5 pm. To download the Admit Card, you can follow the steps given below:

  1. Visit the official website for SNAP 2018 (snaptest.org)
  2. Click on ‘Download Admit Card’ link
  3. Login with your User id and Password
  4. Admit Card will appear on the screen
  5. Download it and take a print out for further reference.   

SNAP 2018 Exam Key Highlights

Going by the tradition, Symbiosis University, Pune has kept the SNAP 2018 Exam Date on the third Sunday of December. Thus, the exam was announced on December 16, 2o18. Notably, the test centres for SNAP 2018 Exam have been reduced from 102 to 98 this year.

Other notable changes in the exam are as follows:

  1. There is no change in time duration. It still remains a 2-hour Computer-based test.
  2. There is no change in the number of sections. The exam paper still has 4 sections as before, as opposed to IIFT 2018, wherein the number of sections increased from 4 to 6 this year.
  3. No change in maximum marks which still remain 150.
  4. No change in the ratio of Negative Marking for a Wrong Answer. It remains 25.

SNAP 2018 Exam Pattern

Though there have been no major changes in the basic pattern of the SNAP 2018 Exam Pattern, yet it can be safely said that the SNAP 2018 Exam Pattern has been overhauled. Some exam centres were added and some were removed from the list of centres. Cities such as Asansol, Chandigarh – Mohali, Delhi – Gurugram, Ernakulam-Kochi, Hubballi, Noida-G Noida-Ghaziabad, Panjim – Mapusa, Thane-Kalyan-Dombivli have been added. Test cities such as Rohtak, Durgapur have been removed from the list.

This year, the students will not only have to attempt the MCQs, but Special questions as well. There are 4 options given for the MCQs, while there are no options given for the Special questions and candidates need to type the answers using the virtual keyboard.

With the introduction of the Special Questions, there is also a change in the Marking Scheme. A normal question will carry 01 marks and the Special Question will carry 02 marks. There is negative marking and it is applicable to both type of questions. Each wrong answer attracts 25% negative marks.

The Number of Sections, however, is the same as last year. Candidates will have to prepare topics like General English, Reading Comprehension, Verbal Reasoning, Verbal Ability (Section I), Quantitative, Data Interpretation & Data Sufficiency (Section II); Analytical & Logical Reasoning (Section III); and lastly Current Affairs (Section IV).

The number of MCQ Questions for SNAP 2018 have been reduced from 40 to 30 now. For Section I to III, the number of Normal Questions are 30 each. For the Current Affairs section, the number of Normal Questions is 20. The number of Special Questions is 05 in each section.

Given below is a table that highlights more important changes for SNAP 2018 Exam:

Components
SNAP 2018 Exam Structure
SNAP 2017 Exam Structure
Total Questions
130
150
Sectional Composition of Questions
English-35; QA & DI-35; Reasoning-35; Current Affairs-25
English-40; QA & DI-40; Reasoning-40; Current Affairs-30
Normal Questions (MCQ Type)
110
150
Special Questions (Non-MCQ Type)
 20
None
Scoring Pattern (Normal Questions)
+1 Mark for Each Correct Answer of Normal Questions (110 MCQs)
+1 Mark for Each Correct Answer of all the 150 questions
Scoring Pattern (Special Questions)
+2 Marks for Each Correct Answer of Special Questions (20 Non MCQs)
None
Negative Marking
-0.25 Mark for each wrong answer of Normal Question
-0.50 Mark for each wrong answer of Special Question
-0.25 Mark for each wrong answer of all the 150 questions
Choice of Answer Options (Normal Questions)
4 for Normal Questions only
4 for all the questions
Choice of Answer Options (Special Questions)
No Choice. Must Write the answer in the given space on computer-screen using a virtual keyboard
No Such Question appeared
Number of SNAP Test Cities
92
102

SNAP 2018 Salient Features

SNAP 2018 is one of the best management entrance exams of the country to secure admissions into the various MBA Programmes. It is one of the most important entrance exams after CAT and XAT.

  1. Interestingly, this is the only exam which gets its scores accepted by all 15 Symbiosis institutes within the country.
  2. The exam is of a moderate difficulty level test with 110 MCQs and 20 Non-MCQ divided in four core sections of  General English; Quantitative, Data Interpretation and Data sufficiency; Current Affairs; Analytical & Logical Reasoning.
  3. SNAP Test scores are declared out of 150 marks scaled down to 50. It does not have a sectional cut-off. So, it offers you the opportunity to play on your strength be it Quants, LR/DI or English and maximize the score. However, qualifying score in each of the 4 sections has to be obtained.
  4. SIU awards MBA degrees which are accepted worldwide.
  5. SNAP exam is similar to CAT, XAT, CMAT, NMAT. The reason that SNAP 2018 Exam Pattern was overhauled was to make the SNAP 2018 Exam Pattern resemble the Exam Pattern of CAT, XAT, CMAT, NMAT. Going by past history, it is expected that SNAP 2018 will have lower difficulty level than CAT and XAT and similar difficulty level with NMAT and CMAT.
  6. SNAP 2018 Exam is a single day, single session exam and does not require equating the scores as per the difficulty level across different sessions. The Merit List for SNAP 2018 is prepared straightforward like XAT and CMAT.
  7. SNAP Test is the low-cost MBA Entrance Exam as it provides admission opportunity in 15 Symbiosis B-schools with the SNAP Registration and SNAP Application fee of Rs.1750/-. SNAP Exam, SNAP Registration and SNAP Exam Application fee is taken together comes to a little above than Rs.100 per Symbiosis MBA college.

SNAP 2018 aspirants can check out CareerAnna’s SNAP GK and Mock Course. It also provides online SNAP Coaching Classes which would make SNAP 2018 a hot pie for the aspirants. So, what are you waiting for?

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IIFT 2018 Answer Key by TIME, Career Launcher, IMS, BullsEye

The IIFT 2018 Exam was conducted yesterday, that is, December 2, 2018 and left us gasping for air! IIFT 2018 Exam Paper was tougher in contrast to the IIFT 2017 paper. They say that the ‘terror traumatic’ IIFT continued for the second consecutive year.’ Students found the paper to be excruciatingly long and some questions were agonizingly tricky. The paper had 114 questions in total and Reading Comprehension was one section which proved to be a tough nut to crack. IIFT 2018 Answer Key will give you a crystal-clear idea about how much you will score in the said exam.

You can find the entire IIFT 2018 Analysis by CareerAnna here, which is a comprehensive analysis by T.I.M.E., Career Launcher, IMS and BullsEye. For further insight, you can also check out IIFT 2018 Expected Cut-off and IIFT 2018 Exam Vs. Percentile.

IIFT 2018 Answer Keys 

IIFT 2018 Answer Key

The Answer Keys for IIFT 2018 are available for download. Although we would like to emphasise on the fact that IIFT has officially not released the Answer Keys to the Question Paper Sets for IIFT 2018 Exam, but it has been released by Bulls Eye, IMS, T.I.M.E., CL among others. The Answer Keys for IIFT 2018 can be accessed for respective question sets.

The Exam Paper Set numbers for IIFT 2018 are A,B,C,D. You can download them individually for each of these sets.

IIFT 2018: Where to find the Answer Key?

Just like any other competitive exam, it is quite impossible to attempt all the questions and know their answers. Hence, there is a need to resort to Answer Keys which are generally prepared and shared by top coaching institutes and other educational portals to benefit the students. IIFT 2018 Answer Keys help you to know the right answers to the questions and also help you to calculate your estimated scores cut-off.

Mentioned below are significant highlights about the IIFT 2018 Answer Key:

  1. Time in IIFT exam is short as compared to lengthy question paper. None of the candidates are able to solve all the questions in IIFT entrance exam, and therefore they look for other sources to know the IIFT answer keys
  2. Top preparation institutes like T.I.M.E., IMS, CL make arrangements to release the answer keys for IIFT question paper next day from the IIFT exam date.
  3. IIFT test takers should ensure that they download the right IIFT 2018 Exam Answer Key from authentic sources. It is always helpful to refer to Answer Keys from other sources so as not to be misled or misinformed.

How to check IIFT 2018 Answer Key?

To check IIFT 2018 answer key, take the following steps:

  1. On clicking, the Answer Key of IIFT 2018 will be displayed.
  2. You can save and take a printout of the answers provided in the Answer Key of IIFT 2018.
  3. You can also cross-check the IIFT 2018 Answer Keys with your question paper.

IIFT 2018 Answer Key by T.I.M.E.

T.I.M.E., one of the most reputed coaching institutes for management exam has released its IIFT 2018 Answer Key. Do have a close look so as to know you fared in the exam.

Question Numbers
Key 
Question Numbers
Key 
Set A 
Set B 
Set C 
Set D 
Set A 
Set B 
Set C 
Set D 
1
79
59
19
D
58
22
2
76
A
2
80
60
20
B
59
23
3
77
C
3
81
61
21
C
60
24
4
78
B
4
82
62
22
B
61
25
5
79
C
5
83
63
23
D
62
26
6
80
B
6
84
64
24
B
63
27
7
81
A
7
85
65
25
D
64
28
8
82
B
8
86
66
26
B
65
29
9
83
A
9
87
67
27
C
66
30
10
84
B
10
88
68
28
C
67
31
11
85
A
11
89
69
29
A
68
32
12
86
B
12
90
70
30
C
69
33
13
87
C
13
91
71
31
D
70
34
14
88
A
14
92
72
32
C
71
35
15
89
A
15
93
73
33
C
72
36
16
90
C
16
94
74
34
C
73
37
17
91
A
17
95
75
35
A
74
38
18
92
A
18
96
76
36
C
75
39
19
93
B
19
97
77
37
D
76
40
20
94
A
20
98
78
38
B
77
41
21
95
A
21
99
79
39
C
78
42
22
96
C
22
100
80
40
C
79
43
23
97
C
23
101
81
41
D
80
44
24
98
D
24
102
82
42
B
81
45
25
99
B
25
103
83
43
D
82
46
26
100
C
26
104
84
44
A
83
47
27
101
B
27
105
85
45
B
84
48
28
102
A
28
106
86
46
B
85
49
29
103
A
29
107
87
47
C
86
50
30
104
C
30
108
88
48
D
87
51
31
105
C
31
109
89
49
A
88
52
32
106
C
32
110
90
50
B
89
53
33
107
C
33
111
91
51
C
90
54
34
108
D
34
112
92
52
B
91
55
35
109
C
35
113
93
53
D
92
56
36
110
B
36
114
94
54
B
93
57
37
111
A
37
1
95
55
B
94
58
38
112
B
38
2
96
56
B
95
59
39
113
C
39
3
97
57
D
96
60
40
114
B
40
4
98
58
A
97
61
41
1
A
41
5
99
59
B
98
62
42
2
A
42
6
100
60
C
99
63
43
3
A
43
7
101
61
B
100
64
44
4
A
44
8
102
62
B
101
65
45
5
A
45
9
103
63
C
102
66
46
6
C
46
10
104
64
C,D
103
67
47
7
C
47
11
105
65
B
104
68
48
8
A
48
12
106
66
C
105
69
49
9
B
49
13
107
67
D
106
70
50
10
C
50
14
108
68
C
107
71
51
11
A
51
15
109
69
A
108
72
52
12
D
52
16
110
70
B
109
73
53
13
B
53
17
111
71
A
110
74
54
14
A
54
18
112
72
C
111
75
55
15
B
55
19
113
73
A
112
76
56
16
D
56
20
114
74
B
113
77
57
17
A
57
21
1
75
D
114
78
58
18
B

IIFT 2018 Answer Key by BullsEye

BullsEye provides coaching for CAT, GRE, GMAT, Bank PO, CLAT, SAT, BBA, LLB, IPM and Hotel Management. It was also the first one to come out with the IIFT 2018 Answer Key. 

Question Numbers
Key 
Question Numbers
Key 
Set A 
Set B 
Set C 
Set D 
Set A 
Set B 
Set C 
Set D 
1
79
59
19
D
58
22
2
76
A
2
80
60
20
B
59
23
3
77
C
3
81
61
21
C
60
24
4
78
A
4
82
62
22
B
61
25
5
79
C
5
83
63
23
D
62
26
6
80
B
6
84
64
24
B
63
27
7
81
A
7
85
65
25
D
64
28
8
82
B
8
86
66
26
B
65
29
9
83
A
9
87
67
27
C
66
30
10
84
C
10
88
68
28
C
67
31
11
85
A
11
89
69
29
A
68
32
12
86
B
12
90
70
30
C
69
33
13
87
C
13
91
71
31
D
70
34
14
88
A
14
92
72
32
C
71
35
15
89
A
15
93
73
33
C
72
36
16
90
C
16
94
74
34
C
73
37
17
91
A
17
95
75
35
A
74
38
18
92
B
18
96
76
36
C
75
39
19
93
B
19
97
77
37
D
76
40
20
94
A
20
98
78
38
B
77
41
21
95
A
21
99
79
39
C
78
42
22
96
C
22
100
80
40
C
79
43
23
97
C
23
101
81
41
A
80
44
24
98
D
24
102
82
42
B
81
45
25
99
B
25
103
83
43
D
82
46
26
100
B
26
104
84
44
A
83
47
27
101
A
27
105
85
45
B
84
48
28
102
A
28
106
86
46
B
85
49
29
103
A
29
107
87
47
C
86
50
30
104
C
30
108
88
48
D
87
51
31
105
C
31
109
89
49
A
88
52
32
106
C
32
110
90
50
B
89
53
33
107
C
33
111
91
51
B
90
54
34
108
D
34
112
92
52
B
91
55
35
109
C
35
113
93
53
D
92
56
36
110
B
36
114
94
54
D
93
57
37
111
A
37
1
95
55
B
94
58
38
112
B
38
2
96
56
D
95
59
39
113
C
39
3
97
57
D
96
60
40
114
B
40
4
98
58
A
97
61
41
1
A
41
5
99
59
B
98
62
42
2
A
42
6
100
60
C
99
63
43
3
A
43
7
101
61
B
100
64
44
4
A
44
8
102
62
B
101
65
45
5
A
45
9
103
63
C
102
66
46
6
C
46
10
104
64
C
103
67
47
7
C
47
11
105
65
B
104
68
48
8
A
48
12
106
66
C
105
69
49
9
B
49
13
107
67
D
106
70
50
10
C
50
14
108
68
C
107
71
51
11
A
51
15
109
69
A
108
72
52
12
D
52
16
110
70
B
109
73
53
13
B
53
17
111
71
A
110
74
54
14
A
54
18
112
72
C
111
75
55
15
B
55
19
113
73
A
112
76
56
16
D
56
20
114
74
B
113
77
57
17
A
57
21
1
75
D
114
78
58
18
B

IIFT 2018 Answer Keys by Career Launcher and IMS will be made available here as soon as they are released.

IIFT 2018 will declare the results of the exam by January 7, 2019, most likely during noon. Around 2000 candidates will be shortlisted for 420 seats for admission by IIFT for its three campuses. After the shortlisting process, IIFT will declare the schedule for the GD-PI-WAT round for final admissions.  

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IIFT 2018 Marks Vs Percentile

CAT 2018 was held on November 25, 2018 this year, with over 2 lakh aspirants appearing for the same. Candidates aspiring to enter the best B-Schools of the country are waiting with bated breaths for the results. Many, however, have written IIFT 2018 as well, which was conducted today on December 2, 2018.

The Indian Institute of Foreign Trade (IIFT) is touted to be one of the highly ranked dream B- schools in India. It ranks 23rd amongst the top MBA colleges in India. IIFT 2018 is the gateway to MBA (IB) 2019-21 at IIFT. It is considered to be one of the best two- years MBA programme in International Business. IIFT is known to provide both an amazing learning experience to the students and possesses a high placement record.

Clearing the IIFT 2018 Entrance Exam with around 45 to 50 marks out of 100 may lead to gaining admission into the institute’s highly reputed two- years full-time MBA 2019-21 International Business programme at its Delhi, Kolkata or newly launched Kakinada campus. IIFT has one campus in Tanzania as well.

IIFT 2018 Intake

IIFT Campus
Intake for MBA (IB) 2019-21
IIFT Delhi
220
IIFT Kolkata
140
IIFT Kakinada
  60

The IIFT 2019 MBA (IB) Admission Test Score will be accepted only by IIFT for admissions to its campuses and no other MBA college will be accepting IIFT 2018 Exam Score. With effect from the entrance exam held on December 3, 2017, IIFT now conducts the entrance exam on the first Sunday of December, in paper-pen mode across the country instead of fourth Sunday of November.

IIFT 2018 Exam Pattern

IIFT 2018 Marks Vs Percentile
IIFT 2018 Marks Vs Percentile

We are over with the IIFT 2018 Exam, nonetheless, let us go through the exam pattern to learn more about IIFT 2018, section-wise scores and expected cut-off.

This year IIFT Exam Pattern for Admissions to MBA (IB) 2019-21 batch had 6 sections consisting of questions on English Grammar; Vocabulary and Comprehension; General Knowledge & Current Affairs; Logical Reasoning; Data Interpretation; and Quantitative Analysis. IIFT 2018 Admission Test was a multiple-choice objective type written test (in English) of 120 minutes.

 IIFT Paper Pattern Components
Key Details
Changes from Last Year exam pattern
IIFT Exam Date 2018
December 2, 2018
Changed from 4th Sunday of November
IIFT Exam Sessions 2018
Single session exam
No change
IIFT Pattern-Testing Mode 2018
Paper-Pen Based Exam
No change from last year
IIFT 2018 Test duration
2 hours from 10AM to 12Noon
Remains same
Total Questions
114
Reduced from 123
Type of Questions
MCQs
No Change
Number of Sections
  6
Increased from 4 earlier
Sectional Time Limit
No, Any question from any section can be attempted in two hours
No Change
Maximum total marks
100
No change
Marking Scheme
0.5 to 1 mark credit for each correct answer
No change
Negative Marking
1/3rd Negative marking for wrong answer
No change
IIFT paper Difficulty Level
Moderate to High
Low score gives high percentile

IIFT 2018 Marking Scheme

As per the IIFT Pattern, out of the total 100 marks the distribution of marks in IIFT 2018 entrance with number of questions and weightage assigned to each of them, is expected to be on the following pattern:

Section
Total questions
Mark awarded for each correct answer
Max marks 100
Percentage of Weightage in shortlisting
Verbal Ability
 20
0.75
 15
20%
Reading Comprehension
 16
1
 16
16%
Logical Reasoning
 20
1
 20
20%
Data Interpretation
 20
1
 15
15%
Quantitative Analysis
 20
1
 20
20%
General Awareness (GK)
 18
0.5
   9
  9%
Total
114
100
100%

Optimizing the Score of IIFT 2018 

IIFT declares the cut-off along with the Scorecard, which carries the IIFT section-wise cutoff out of a total of 100 marks. The cut-off marks generally depend on the difficulty level of the paper. IIFT Scorecard would be released on IIFT Exam website along with the IIFT result. Candidates can view and download their Scorecard from the IIFT website (tedu.iift.ac.in/iift) by logging in with their Roll number and Date of Birth.

IIFT 2018 Percentile Predictor

IIFT Percentile Predictor helps offer the nearest IIFT percentile calculation, so that the candidates may come to understand whether they would be shortlisted by IIFT for MBA (IB) Admissions 2019 based on the IIFT 2019 Percentile predictions. As per the previous trends, the required percentile for different campuses of IIFT have been as:

  • Expected Percentile for Delhi Campus: 98 & above
  • Expected Percentile for Kolkata Campus: 95 & above
  • Expected Percentile for Kakinada Campus: 90 & above

The Percentile predictor operates upon three parameters, viz; total number of test takers, the sectional and overall performance of the candidate in contrast to his peers and the difficulty level of the exam. Notably, the IIFT releases a comprehensive shortlist of candidates for all campuses and later allotts the campus as per the final merit score.  

IIFT was established in the year 1963 as an autonomous body under the Ministry of Commerce and Industry. It also ranks as one of the top B-Schools in India. As per the IIFT alumni, it really is an unforgettable affair. Besides offering a fine learning experience, it allows the second year students a chance to explore a domestic or international port like Mundra, Vizag, Kochi, Colombo, Singapore etc. It also has a Social Awareness Program and an Ultimate Warriors League (UWL) which is a huge intra-college sports fest. There are numerous symposiums and conclaves throughout the year which make the campus life more interesting. Above all, this 50+ years heritage has produced students who are now big industry stalwarts and are at the helm of operations of some of the biggest brands in the world like HUL, Barclays, Cargill, Louis Deryfus, UB Group, Manchester United, Vedanta Resources, Edelweiss Group, Cargill India, SIDBI, Bharti Airtel etc. 

 

 

 

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IIFT 2018 Expected Cut-off

Indian Institute of Foreign Trade (IIFT 2018) is an autonomous entrance exam conducted by the Institute of Foreign Trade, New Delhi annually for admission in MBA (Masters in Business Administration) programme in International Business (MBA-IB).

MBA-IB is a two-years Residential programme and a flagship course. IIFT also offers an Executive MBA program in New Delhi, Dubai and, Dar-es-Salaam.

About IIFT 2018 Exam

IIFT 2018 was held today, on December 2, 2018. The exam was not conducted digitally on computers. It was conducted via paper-pencil or offline mode. It was held in 18 centers across India (Ahmedabad, Allahabad, Bangalore, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Guwahati, Hyderabad, Indore, Jaipur, Jamshedpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur and Visakhapatnam.)

For over 60,000 candidates taking the exam every year, IIFT offers only 600 seats for its management programme, in three of its campuses, Kolkata, Delhi and Kakinada.

IIFT Campus Seats for MBA (IB) 2019-21
Delhi 220
Kolkata 140
Kakinada 60

IIFT 2018 Admissions Eligibility Criteria

  1. The candidate must hold a recognized Bachelors degree of minimum 3 years duration in any discipline, with at least 50% marks or equivalent CGPA (for candidates belonging of SC/ST/PWD category, the required marks percentage is 45%).
  1. The candidate should appear in IIFT 2018 entrance exam and must get the minimum required sectional and overall marks to be eligible for the following rounds.
  1. If a candidate is awarded grades/CGPA instead of marks, the equivalence to determine PGP Admission eligibility would be based on the equivalence certified by the institution/university from where the Bachelors degree is obtained. In case the institution/university does not have any scheme for converting the CGPA into equivalent marks, the equivalence would be established by IIFT by dividing the obtained CGPA by the maximum possible CGPA and multiplying the resultant by 100 to confirm the Admission eligibility of the candidate.
  1. A candidate appearing for the Final year Bachelors degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results are also eligible to apply.
  1. It is mandatory for a final year student, who is provisionally considered eligible by IIFT and offered admission, to submit the mark-sheets and degree certificate of the final year Bachelors degree examination before October 7, 2019.
  1. Admission of the candidate who joins the program on a provisional basis but fails to obtain the minimum percentage required in the Bachelor’s degree examination will not be allowed.
  1. There is no prescribed age limit to apply for MBA (IB) at IIFT.
  1. CAT or GMAT (only for Indian students) scores or scores of any other MBA-entrance exams are not accepted. Only IIFT Exam’s score is considered.
  1. For foreign students, it is mandatory for them to be in possession of a valid passport/travel document of the country they belong to. A Copy of the latest GMAT score certificate must be provided. (GMAT taken before 1st January 2018 would not be considered valid).

10. NRI students who are living, working, studying abroad should produce a certificate from the Indian Embassy /High Commission /Consulate of the country along with their applications. Two letters of recommendation are preferred, one of those should be written by a current supervisor or manager. Letter of recommendation written by immediate family members, will not be considered. And a copy of all pages of the Passport with all the official entries, must be provided. A Foreign student who has appeared for any other MBA entrance examination for that year in India such as CAT /XAT /IIFT etc. is not eligible to apply.

IIFT 2018 Exam Registrations

The IIFT Registration for the 2019 Batch had commenced from August 6, 2018 and closed on September 14, 2018. This year also the registration process for IIFT 2018 was conducted online. Admit Cards are also issued online. This year they were issued on November 26.

Candidates were given a one-time option to modify their data. Modification option was available only after completion of all four stages of the application form (Primary registration, Academic and Personal details, Payment and Photo and Sign upload.) It must be kept in mind that the Primary Residential Address, Mobile number, E-mail, Category and Center for Written Test and Group Discussion, cannot be altered by the candidate.

IIFT 2018 Exam Selection Process

Candidates, who would be able to crack the exam would only qualify and get shortlisted for the selection process. Short-listing is done on basis of the test scores.  Shortlisted candidates are then invited for the Group Discussion round which hosts an array of topics like Politics, E-commerce, Economics, and Current Affairs. The candidates are tested for their ability of presentation and communication skills. This is followed by the Writing-Ability Test (WAT) which is conducted to test the candidates’ writing skills and their grip over structure and composition for English .

If all these rounds are cleared, the candidates are taken in for the Personal Interview round. Their General  Awareness and presence of mind are tested in this round. Writing -Ability Test, Group Discussion and the Interview Round, will be held during January/February 2019 at Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Lucknow and Mumbai.

Exam Mode Offline
Date of Exam 2nd December, 2018.
Exam Level National
Duration of Exam 2 hours
Language in which it would be conducted English
Result Mode Online

IIFT Exam is considered to be one of the most competitive entrance exams. The Institute of Foreign Trade accepts the scores of no other exams of similar level. CAT or GMAT scores are not considered.

IIFT 2018 Exam Pattern

The exam has six major sections. Logical Reasoning, Quantitative Aptitude (QA), Verbal Ability, Reading Comprehension, General Awareness (GA) and Data Interpretation (DI). It is a Multiple Choice, Objective type Test. The total Number of Questions for IIFT 2018 are 114 and the total marks are 100.

Sections Number of questions Marks per question  

MaMaximum Marks

Negative marking  

Sectional-cut off

Data Interpretation (DI) 20 1 20 0.33 2.5
Reading Comprehension (RC) 16 1 16 0.33 4.5
Verbal Ability (VA) 20 0.75 15 0.33 3
Quantitative Aptitude  (QA) 20 1 20 0.33 3.5
Logical Reasoning  (LR) 20 1 20 0.25 4
General Awareness  (GA) 18 0.5 09 0.17 0.83-1

IIFT 2018 Exam Expected Cut-off

IIFT 2018 is a moderate to difficult exam and there are sectional and overall cutoff that the candidate must clear in order to qualify the exam. Cutoff would also rely on several factors, viz.;

  1. Total number of seats available for the session 2019-21
  2. Total number of candidates appearing in the IIFT2018 Exam
  3. Total number of candidates who clear the IIFT 2018 Exam
  4. Difficulty level of the IIFT 2018 Exam
IIFT 2018 Expected Cutoff

The cutoffs for IIFT 2018 Exam, in a nutshell, can be anticipated as follows,

General – 34-36, OBC – 31-33, SC/ST – 25-27

Section-wise cutoff for different subjects:

IIFT 2018 Cutoffs for the three campuses of IIFT

IIFT Campus Cut Off Range
Delhi 36
Kolkata 34
Kakinada 32

IIFT 2018 Exam Expected Cutoff 

IIFT Campus-wise cut- offs

Section name
Section-wise Highest Marks
IIFT Delhi IIFT Kolkata
IIFT Kakinada 
 General Awareness
   9
 1
  0.85
   0.80
Verbal Ability
  15
 4
  3.5
   3
Reading Comprehension
  16
 3
  2.5
   2
Quantitative Aptitude
  20
 4.5
  4
   3.5
Logical Reasoning
  20
 5.5
  5
   4.5
Data Interpretation
  20
 3-4
  3
   3

IIFT 2018 Sectional-cutoff by T.I.M.E., CL, IMS, BullsEye

Sections
Cut off by T.I.M.E.
Cut off by Career Launcher (Net Score)
Cut off by IMS
(Net Score)
Cut off by Bulls Eye (Good Attempts)
General Awareness
  1-2
 0.83-1
  1.00
 6-8
Verbal Ability
  3-3.5
 3.25-3.50
  2.33
 8-10
Reading Comprehension
  2.33-3
 2.5-2.75
  2.33
 7-8 
Quantitative Aptitude
  3-4
 3 – 3.25
  2.33
10-12  
Logical Reasoning
  2-3
 4 –  4.5
  1.66
 6-8 
Data Interpretation
 4-4.67 
 0.75
  0.50
 6-8

Overall Cut-off by T.I.M.E., CL, IMS, BullsEye

Predicted by
Expected Overall Cut off Range
T.I.M.E
  32-34
Career Launcher
  31-33
IMS
  29-31
Bulls Eye
  28-30

IIFT 2018 Exam Fees Structure

Over the years no drastic changes have been made to the fees structure and the same is expected this time. The exact amount of tuition fee and other charges may vary for MBA (IB) 2019-21 batch. All candidates will be notified of any and all changes (if any) when the admission offer letters are sent in April 2019. Fees include Tuition, Computer facility, Internet, Library, alumni and IMF (student body) fees. 50% concession on tuition fee is offered to students of SC, ST and PWD categories. Foreign Nationals and NRI Students has to pay the annual tuition fee along with other charges in a single instalment at the time of admission in the first year and by the start of the second year.

(Fees for the 2018-20 batch was, US$ 30,000 per year and Rs. 32,500 for the first year and Rs. 22,500 in the second year as other charges.)

Indian candidates are allowed to pay the annual tuition fee in three slots. No cancellation or refund inquiries will be attended. With registration is done, no refunds will be made. Only if of multiple transactions are made against the same candidate, it will be considered.

With the official exam season being kickstarted by CAT 2018 this year, IIFT today and XAT barely a month today, we are sure it is leaving you gasping for air and you are putting as much effort as you can to excel in these exams. Watch this space for more as we will be giving out all details to you regarding IIFT Admissions 2019, besides providing you all the study material for XAT 2019. 

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IIFT 2018 Analysis: TIME, CL, IMS, BullsEye

CAT 2018 had officially kick-started the exam season in the last week of November, and December started off with a bang with IIFT 2018 Exam! Career Anna brings to you the comprehensive analysis of the IIFT 2018 exam immediately after the exam and promise you that it won’t be any less than the roller coaster ride that IIFT 2018 was!

The IIFT 2018 Exam Analysis will reflect the IIFT Exam Pattern, key changes and ideal attempts to improve your scores. IIFT has changed its’ exam pattern from last year by increasing the number of sections to 6 while the overall weightage to the said sections remains the same. The IIFT 2018 Exam Analysis will help in gaining an understanding about the exam difficulty level, expected section-wise and overall score, deviation in the cut-off percentile, expected cut off percentile level.

IIFT 2018 Exam Analysis in a nutshell

 

 

 

IIFT 2018
IIFT 2018
  1. There were in total 114 questions.
  2. Total marks were 100, which were divided into six sections.
  3. Cut-off did take a hit this year, with the entire paper of IIFT 2018 being considerably difficult than IIFT 2017!

IIFT 2018 Analysis by Career Launcher (CL)

IIFT 2018 threw no surprises our way in terms of sections this time around. In Career Launcher’s words, ‘The terror of the traumatic IIFT Exam continued for the second consecutive year.’ The exam, in its entirety, was difficult than IIFT 2017. The difficulty level of General Awareness (GA) was the same as last year. English Usage (EU) and Reading Comprehension (RC) was difficult, a very good performance in RC would be attempting 4 passages. Quantitative Ability (QA) and Logical Reasoning (LR) were more difficult compared to last year. Data Interpretation (DI) being the only easy section of them all.

Differential marking continued to be there and the penalty for every incorrect answer was 1/3rd of the total marks assigned to the question. The overall cut-off is expected to go down by 5-6 marks. Cut-offs for General 29-31 and 25 for OBC, SC and ST respectively.

There were six sections and each section carried a sectional cut-off. The details of the sections are as follow:

Section Total no. of questions Marks per question Total Marks Good Attempts Achievable Score Sectional Cutoff Ideal Time (in minutes)
Section 1 Data Interpretation 20 1.00 20 4 3 0.75 10 minutes
Section 2 Logical Reasoning 20 1.00 20 10 8 4-4.5 35 minutes
Section 3 General Knowledge 18 0.5 9 8 2.5-3 0.83-1 10 minutes
Section 4 Reading Comprehension 16 1.00 16 9-10 7-8 2.5-2.75 25
minutes
Section 5 Verbal Ability 20 0.75 15 11-12 7.5-8 3.25-3.5 12 minutes
Section 6 Quantitative Aptitude 20 1.00 20 10-11 7.5-8 3-3.25 30 minutes
  Overall 114   100  50-52 38-39  31-33 120 minutes 

Reading Comprehension (RC)

Reading Comprehension went back to being the ‘IIFT-kind-lengthy’ this year. There were 5 passages, out of which 4 of these had 3 questions each and one had 4 questions. The passages were interesting but taken primarily from academic sources. Therefore, the language became verbose and confusing, with the questions being not direct or fact-based. The ‘Fact-based’ questions were deceptively framed to look easier. The passages required delving deep into them in order to answer various questions. 

Questions from the topic Culture and GDP were of a moderately difficult level. Questions from Information Flow, Public Interest and Liberal Arts Education were difficult. There were 16 questions in total wherein 9-10 were doable. The section can overall be deemed difficult. 

Verbal Ability (VA)/ English Usage

IIFT went back to a predictable pattern this year and the VA section was overall tough. The ‘phrase-clause’ based questions were missing this year, and word jumble questions continued to be there for the second consecutive year. The vague etymological origin questions reappeared after a year’s gap. The Analogy questions and word-matching questions felt strange. It felt like they had charted unfamiliar territory by going beyond the real of English language and resembling GK questions. The Para-jumble, Fill in the blanks, and Grammar-based questions were easy. Accuracy in these questions would determine one’s performance in the paper. 

Quantitative Ability (QA) 

This section continued to be verbose, with students, in all likelihood, not ending up attempting more than 10-12 questions with about 85% accuracy in 30 mins. As always the weightage given to Geometry and Modern Math was higher compared to other entrance exams.

Topic Number of Questions Doable Questions Level of Difficulty
Arithmetic 5 3 Moderate
Algebra 7 4 Easy-Moderate
Geometry and Mensuration 5 2 Moderate
P&C, Probability and set theory 3 2 Easy-Moderate
Total 20 10 Moderate

An overall score of 31-33 should be enough for General category students to clear the cutoff.

Data Interpretation (DI)

IIFT continued to show its favouritism to calculation intensive DI. 

Topic Number of questions Doable questions Level of difficulty
Mixed Graphs 12 3 Difficult
Tables 8 2 Difficult
Total 20 4-5 Difficult

Logical Reasoning

A time-consuming section again. While the circular arrangement and Matrix sets (friends and hotels) were easy, the other sets were time-consuming. There were 4 questions each from Distribution, Arrangement and Matrix, 2 each from Venn Diagram and Input-output, 1 from Missing Number and 3 from Selection. The total number of questions amounted to 20, and doable were 11-12. The difficulty level was Moderate.

General Awareness 

The GK section was slightly easier than last year with about 6-8 questions considered doable through elimination alone. Students attempting 8 questions with 50% accuracy would easily sail through the cutoff.

There were 10 questions from Business and Economy, 2 each from Geography and Current Affairs, 1 each from Miscellaneous, Science, Sports and Books. There were 10 questions in total and 9-10 doable questions. The paper was Moderately difficult. 

Expected Cutoffs by CL

For DI, An attempt of 4-5 would be very good and students who had attempted just about 2-3 questions with 100% accuracy should sail through the cutoff. For LR, Anyone who has attempted around 10-11 questions in half an hour with 85% accuracy would have done very well. For GK, students attempting 8 questions with 50% accuracy would easily sail through the cutoff. For QA, an overall score of 31-33 should be enough for General category students to clear the cutoff. 

Overall, the cut-off for General category students is most likely to be in the range of 31-33 marks. The corresponding figures for NC/OBC and SC/ST/PWD should be around 26-28 and 23-24 marks respectively. The cutoff for ST might go lower if the number of applicants are lesser. 

IIFT 2018 Analysis by T.I.M.E.

Type No of Questions Marks per question Total Negative marks per question
Section 1 (Reading Comprehension) 16 1 16 0.33
Section 2 (Verbal Ability) 20 0.75 15 0.25
Section 3 (Quantitative Ability) 20 1 20 0.33
Section 4 (Data Interpretation) 20 1 20 0.33
Section 5 (Logical Reasoning) 20 1 20 0.33
Section 6 (General Awareness) 18 0.5 9 0.17
Total 114 100

Reading Comprehension (RC)

The RC passages were fairly lengthy and readable. Most of the questions that followed the passages were difficult in nature because the options contained ambiguity. The big change is that there were 5 passages, with four having three questions each and one having four questions, though from similar areas. While one was on Culture, another one was on Sociology. There was one on Economics. The remaining two were on Information(science) and Liberal Arts. The cut-off in this section could be around 3-4 marks. Around 7-9 attempts can be considered very good in this section. The cut-off in this section is expected to be in the range 2.33 to 3. 

Verbal Ability (VA) 

This section was predominated by questions on vocabulary: jumbled words, origin, Fill in the Blanks, and word-analogies. English Grammar emphasised its presence in the form of 2 different and reasonably simple models of sentence-correction questions. The vocabulary part and the overall section, in fact, was slightly challenging.  10-12 would be a good number of attempts in this section. The cut-off is expected to be around 3-3.5. 

Quantitative Ability (QA) 

QA in IIFT 2018 was lengthier and tougher than IIFT 2017. This section had a good mix of questions from diverse topics. Algebra, Pure Maths, Arithmetic, Geometry, Venn Diagram. The total number of questions were 20. There were only about five questions which were relatively easier–2 from Logarithms, 1 from Simple Equations, 1 from Time & Work, one from Time & Distance. The remaining questions were either moderate or difficult to handle during the test. A good candidate would have been able to attempt around 7-9 questions in QA. The cut-off in this section is expected to be 3-4 marks. 

Data Interpretation (DI)

It proved to be yet another blow beside the other sections: DI was definitely a tough nut to crack. With large quantum of data/graphs to work with, there was no relief to the students.

There were a total of five sets of four questions each. All the sets were based on Tables and/or Line Graph/Bar Graph. Almost all the questions were calculation intensive and were very lengthy. However, there was one set (related to LPI indicators) where the calculations were relatively easier.

In all, there were 4 sets of 2 tables,  4 sets of 1 Bar Chart and 1 Line Chart, 4 sets of 1 Table, 4 sets of 1 Table and 1 Stacked Bar Chart. In total, 20 sets of Bar, Line and Tables. 5-8 could be a good number of attempts in section, while the cutoff is expected to be around 2-3 marks.

Logical Reasoning (LR)

Questions based on input-output were time-consuming and required great concentration on the candidates’ part. he questions based on ‘distribution’ – job fair were relatively easier to solve. The Missing Number questions looked tricky, but were actually the easiest. Venn Diagrams were tough. The exam demanded great grasp on the concepts and was a notch higher in difficulty level than IIFT 2017. The overall difficulty level of this section can be classified as moderate-difficult. A good number of attempts in this section can be considered to be 6- 8 questions while the cut-off is expected to be around 4 to 4.67 marks. 

Description of the Set Difficulty Level No of Questions
Distribution (Job Fair) Easy-Moderate 4
Missing number in the figure Easy-Moderate 1
Venn Diagrams (Sara and Dora) Moderate-Difficult 2
Input-Output Moderate-Difficult 2
Matrix arrangement Moderate-Difficult 4
Circular Arrangements Moderate 4
Selections (Blue and Purple Rooms) Moderate-Difficult 3
Total 20

General Awareness

It was easier than IIFT 2017, yet tough. Questions came from diverse topics like Personalities, Sports, Corporate logos, Corporate entities, International trade organizations, Currencies, etc. Questions were not lengthy but required from students intense preparation so as to clear cut-off for this section. Going by previous year trends, the sectional cutoff is very low but there might be a tiny movement south this time around.

 The cut-off in this section last year was 0.82 marks and is expected to be little higher this year – to around 1 to 2 marks. 6-8 questions could be considered to be a good number of attempts in this section.

IIFT 2018 Analysis by BullsEye

IIFT 2018 paper was almost similar to IIFT 2017 exam paper. As you already know, there were six sections and total number of questions were the same as that of last year’s i.e. 114. This year the only change was in marking scheme of VA and DI which was interchanged i.e. VA from 1 to 0.75 and DI from 0.75 to 1 per question. In terms of difficulty level, students found AR very tough as compared to last year’s. To maintain the cutoff, in all 6 sections, was really a difficult task and a lot of students will end up in not clearing cutoff in one or two sections. This year also the different sets had different sequence of sections. 

Data Interpretation (DI)

DI varied from moderate-difficult and was calculation intensive. 2 sets were based upon tables, rest were mixed graphs;3 Sets based upon 7 regions. IBM and LPI were calculation intensive but easy-moderate and could have been attempted. Set based upon Hotel occupancy was moderate. Set based upon industry analysis was difficult and should have been avoided. The attempts by good students can range anywhere from 6-8 attempts.

Logical Reasoning (LR)

This section was Moderate-difficult. There were 5 AR sets comprising of 18 questions, 3 sets;  Matrix, Albert and Betty and Sara Dora sets were difficult.  Sets based on 8 officers and Sunny, Pinki were moderate. 2 input/output questions were easy-moderate; 1 miscellaneous question based upon numbers was easy and should have been attempted. Good students would have attempted 6-8 questions.

General Awareness (GK)

Students found GK than expected and a bit tougher than IIFT 2017 Gk section. Overall, in the paper, there were mixtures of topics checking general awareness of the candidate across the all areas. Good students would have attempted 6-8 questions.

Reading Comprehension (RC)

The RC section was medium to difficult and relatively. There were five passages with 3 – 4 questions each. The level of RCs varied from easy to moderate. Overall, a student could have easily solved at least three passages in the given time. The RC section was dominated by factual questions. Good students could have attempted 7-8 questions.

Verbal Ability (VA)

There were 4 Grammar and Sentence-correction questions, 6- Vocabulary-based questions, 3 questions each for Sentence-correction and Jumbled words and 2 questions each for Para jumbling and Analogies. 

Clearly, the VA section was dominated by questions on Vocabulary and grammar based questions. Anyone with strong grammar fundamentals could have scored well in it. The Vocabulary was also a very dominant part of this section.  Sentence Completion and Para jumbling were easy. Good students could easily have attempted 8-10 questions.

Quantitative Analysis (QA)

There were 7 questions from Geometry and Mensuration, 4 from Function, Algebra & Equations. 2 each from P&C Probability, Time and Work, Logs, Percentage and 1 from Sets. There were 20 questions in total for 20 marks. This section was clearly dominated by Geometry and Mensuration. Overall, this section was calculation intensive and most of the students found it moderately difficult. Good students could easily have attempted 10-12 questions.

Expected Cut-off by BullsEye

Section Good Attempts
Data Interpretation 06-07
Analytical Reasoning 06-07
General Awareness 06 – 08
Reading Comprehension 07 – 08
Verbal Ability 8 – 10
Quantitative Ability 10-11

IIFT 2018 Analysis by IMS

IIFT 2018 way a way difficult test in terms of IIFT 2017. The QA and the LR sections, which is usually the most scoring sections created history this time by being the most toughest out of all.

Reading Comprehension (RC)

IIFT 2018 Reading Comprehension was aligned to the general IIFT norm, with 16 questions based on 5 passages. There were 4 passages with 3 questions each and 1 passage with 4 questions. The format, length and difficulty level of the paper screamed typical IIFT! Majority of the questions needed more than average comprehension and could be termed as medium to difficult. Since there is a huge time constraint in IIFT, attempts in RC are generally moderate in nature. An attempt of 6-8 questions with 80 percent accuracy in 20 minutes would be considered good.

Passage Topic No. of Questions Type of Questions Level of Difficulty
Meaning of culture
(Approx. 900 words) 
3 3 Inferential Medium to Difficult
Public Intellectual (Approx. 1000 words)  3 1 Direct
2 Inferential
Medium to Difficult
Information (Approx. 1000 words)  4 3 Direct 
1 Inferential
Medium to Difficult
Computer Science & Liberal arts (Approx. 1000 words)  3 1 Direct 
2 Inferential
Medium to Difficult
GDP (Approx. 900 words) 3 1 Direct 
2 Inferential
Medium

Verbal Ability (VA) 

The Verbal Ability Section of IIFT 2018 was difficult. the questions were based on the English language as a subject, besides focussing on reasoning or analysis, barring the 2 paragraph Jumbles questions. Unlike the technical questions in IIFT 2017, this time questions were more application-based viz; Sentence correction and Spot the error questions. Vocabulary dominated the questions section with 13 questions. There were, in general, no new question types.

An attempt of about 8 to 10 questions with 80-85% accuracy in about 15 minutes would be considered a good attempt.

General Awareness (GK)

The GA section this year was of Medium difficulty level, compared to the tough GA of last year.  In GK section, 14 questions were normal MCQs and 4 questions were ‘Match the column questions’ testing awareness of multiple things. The section was, overall, not very tough.  There were 8 static GK questions and 10 dynamic questions.  Questions covered a wide range of areas and gave no special advantage to people who may be experts in a particular area. An attempt of about 8 to 10 questions with about 60-70% accuracy in about 7-8 minutes would be considered a good attempt.

Quantitative Ability (QA)

This section was at a notch higher level of difficulty than in IIFT 2017. Traditionally, there have been at least a few sitters in the Quantitative Ability section in IIFT exam. However, this year, there were no sitters as such and most of the questions were at medium to high level of difficulty. As a result, selection of the right questions to attempt was very important. A total attempt of about 9-10 questions with 80-85% accuracy in about 35-40 minutes would be considered a good attempt in this section.

Logical Reasoning (LR)

Sets on Arrangements dominated this section. Unlike previous years, there was only one standalone question, while the remaining 19 questions were spread across total 6 sets. The set on Six friends who worked for different companies and stayed at different hotels was relatively easier and could not be missed. The sets on Circular arrangement and 4×3 matrix on code-words were the toughest of the lot, and should have been attempted only at the end, if time permitted. The set on Venn Diagram (types of goods) was ambiguously framed. The set on sequential output and the standalone question were good possible candidates for attempting in order to boost the score. Unlike previous years, there were no questions on verbal reasoning, directions, coding-decoding or data sufficiency. An attempt of about 4-5 questions in about 30 minutes at about 80-85% accuracy would be considered a good attempt.

Expected cut-offs by IMS

The following are approximated cut-offs for IIFT-2018:

Sr. No Section Expected sectional cut-off
1. Reading Comprehension 2.33
2 Verbal Ability 2.33
3 General Awareness 1.00
4 Logical Reasoning 1.66
5 Quantitative Ability 2.33
6 Data Interpretation 0.50

The overall cut-off for the next round of admissions for IIFT-Delhi and IIFT-Kolkata should be around 29-31 marks for General Category of students.

Conclusion

Candidates can check IIFT 2018 Results in an online mode in the first week of January on the official website of

Now that we are done with two major exams of this scintillating exam season, CAT 2018 and IIFT 2018, it is time to look towards XAT 2019, which is on January 6, 2019, almost a month away to our relief. You can find XAT 2019 Mocks and Decision Making Course here. An effective guide for students who could not prepare for XAT properly can go through XAT Preparation in 1 month and XAT Last-Minute Preparation Strategies.

 

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IIFT Previous Years Cut-off Trends

IIFT 2018 Entrance Exam is a 2-hour exam based on Multiple-choice based questions. The examinees are required to choose the correct answer out of the given options or choices. Each question consists of four options.

A sound knowledge of IIFT 2018 Cut-off trends of the previous years is of paramount importance for improving the chances of doing well in the coming exam. Together, they can help a candidate evaluate their chances and prepare in a better way to improve their chances of doing well in the exam.

Speaking of the previous three years’ of IIFT Exam, i.e. year 2017, 2016 and 2015, let us make a list of the cut-offs of the three years and learn what changes the IIFT Exam Pattern had in all the three years. Held in different cities across India, the IIFT Exam contains questions from the following subjects:

  • English Grammar
  • Vocabulary & Comprehension
  • General Knowledge
  • Data Interpretation
  • Logical Reasoning
  • Quantitative Analysis

In line with the trends of the previous years, the examinees were allowed to carry the question paper out of the examination centre which not just allowed educational institutes to publish it but also conduct a thorough analysis of the examination.

IIFT 2018 Exam Pattern

IIFT 2018
IIFT 2018 Exam to be held on Dec 2, 2018.

The mode of the difficulty of IIFT Exam varies from one year to the other and the same can be said about its examination pattern. According to those who appeared the examination, it was a little different from the exam pattern of the preceding years.

Most of the times, examiners put forward some challenging questions in the Logical Reasoning section and the same turned out to be the hardest among all the sections in the last year’s question paper. In comparison, the questions linked to Data Interpretation and Reading Comprehension were relatively easier. Overall, the question was of a moderate difficulty level in contrast to the IIFT examination held in December 2016.

Here is a brief overview of the number of questions and marks linked to various subjects in a tabular form.

Section No. of questions Marks per question Total marks Cut off
General Awareness 18 0.50 09 0.83-1
Reading Comprehension 16 1 16 4.5
English usage 20 1 20 3
Quantitative Ability 20 1 20 3.5
Logical Reasoning 20 1 20 4
Data Interpretation 18 0.75 15 1.5
Total 114     – 100 38-40

IIFT 2018 Exam Duration 

The success of a candidate in the exam depends on how effectively a candidate can distribute the overall duration of 2 hours into time intervals for different sections: GA, RC-VA, QA, LR-DI. On average, the candidates spent 25-30 minutes, 30-35 minutes and 40-45 minutes approximately.

IIFT 2017 Cut-off Pattern

Section Subjects No. of Questions Marks per Questions Total-Marks Negative Marks/Question Number of Good Attempts
Section – 1 General Awareness 18 0.5 9 0.17 8-10
Section – 2 Verbal Ability 20 1 20 0.33 9-11
Section – 3 Reading Comprehension 16 1 16 0.33 11-12
Section – 4 Analytical Reasoning 20 1 20 0.33 16-18
Section – 5 Quantitative Ability 20 1 20 0.33 10-12
Section – 6 Data Interpretation 20 0.75 15 0.25 7-9
114 100

IIFT 2016 Cut-off Pattern

Section Total Number of Questions Marks per question Total Marks Good Attempts Achievable Score Sectional Cut-off Ideal Time
Section 1 (GA) 28 0.50 14 10-12 4-5 2 10
Section 2, Part 1 (English Usage) 20 0.75 15 22-24 16-17 6.5 30-35
Section 2, Part 2 (RC) 16 1.00 16 22-24 16-17 6.5 30-35
Section 3 (QA) 22 1.00 22 14-16 11-12 6.25 30-35
Section 4, Part 1 (LR) 20 0.75 15 18-20 11-12 7.25 35-40
Section 4, Part 2 (DI) 18 1.00 18 18-20 11-12 7.25 35-40
Overall 124 100

IIFT 2015 Cut-off Pattern

Section Area Questions Marks per Q Total Marks Expected Cut-off
Section 1, Part 1 Logical Reasoning 20 0.75 15 10-11
Section 2, Part 2 Data Interpretation 18 1 18
Section 2, Part 1 English Usage 20 0.75 15 8-10
Section 2, Part 2 Reading Comprehension 16 1 16
Section 3 General Awareness 28 0.5 14 3-4
Section 4 Quantitative Ability 22 1 22 7-8
Overall 124 100 45+

IIFT Exam Anticipated Overall Cut Off

Categories Anticipated Cut off Marks
ST 22-26
SC/ST/ PWD 22-30
NC/OBC 31-35
General 38-40

IIFT Exam Anticipated Sectional Cutoff

Sections Cut off marks
LR 5-9
RC 4-5
VA 3-4
GK 0.5-1
DI 2-4
QA 3-4

Mentioned above were some of the top trends of IIFT Examination which was held in 2017. The speculations for the current year’s exam, IIFT 2018, are ripe. These trends have already given an impression as to what the candidates can expect while taking the 2-hour examination in the examination centre.

While we are at it, let us also have a close look at the key changes made in IIFT 2018 Exam Pattern, slo we can devise our exam strategy accordingly. 

Key Changes in IIFT 2018 Paper Pattern

1. The number of sections has increased from four to six in IIFT 2018 Exam Paper pattern.

2. The Verbal Ability and Reading Comprehension (VARC) in the revised IIFT Exam Paper pattern have now become separate sections. Now the RC questions and English usage (Verbal Ability) questions do not compensate each other.

3. Data Interpretation and Logical Reasoning have also been rendered as separate sections. Candidates cannot attempt and compensate DI questions to LR questions.

4. The number of questions is reduced to 114 in IIFT 2018 Exam Pattern from earlier 123. There are no fixed number of questions in IIFT Entrance Test, their number may go anywhere in the range of 114 to 130. IIFT 2017 had 114 questions, IIFT 2016 had 123 questions while IIFT 2015 had 124 questions in MCQ format.

5. Maximum overall marks in IIFT Paper Pattern are 100. A penalty of 1/3rd marks will be awarded for every wrong answer. The candidates, therefore, have to be careful to avoid this negative marking by choosing the answer options with a well-calculated thought process.  

IIFT 2018 is just two days away, and it is completely understandable to feel nervous and jittery before this significant exam. For any last minute preparations and revisions, please refer to our combined Mocks + GK Package which has a plethora of study material and tests to strengthen your IIFT 2018 Exam Preparation. 

Here’s wishing you all the very best for IIFT 2018 Exam!

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IIM Ahmedabad is a Commercial Coaching Centre: MoF

IIM Ahmedabad (IIM-A) is arguably the number one Management institute of the country. It is recognized as an autonomous body and runs 2 years full-time PGP and PGP-FABM programmes. IIM-A was ranked Number 1 as per the MHRD NIRF Ranking 2018 and became the first business school in the country to be awarded EQUIS accreditation. IIM-A has in the past produced alumni who later transformed into bureaucrats and CEOs and are placed in positions of high repute.

But as they say, with great power comes great responsibility and IIM Ahmedabad has found itself in somewhat of a soup. Read on to know all about the IIM Ahmedabad debacle.

IIM Ahmedabad: What Really Happened

IIM Ahmedabad has been labelled as a ‘Commercial Coaching Centre’ by the Revenue Department of Ministry of Finance, Government of India. The department has reportedly imposed and demanded an amount of Rs.52 crore towards service tax from IIM Ahmedabad on the course fee collected by them. The HRD Ministry is supporting the management institute’s case and had long ago requested to revoke the order passed by the revenue authorities. 

IIM Ahmedabad sought help from MHRD

The globally renowned B-school known to impart world-class education, IIM-A, was quite obviously bewildered by the treatment from the Revenue Department. Thus, it sought help from the Ministry of Human Resource Department to get things working in their favour. Higher Education Secretary, R Subrahmanyam, had in November 2018, written to the Revenue Secretary Hasmukh Adhia, urging him to consider IIM-A’s request to not be treated as a “Commercial Coaching and Training Centre”.
Ironically, Hasmukh Adhia is himself is a gold medallist in a one-year Post-graduate programme in Public  Management and Policy from IIM  Bangalore. However, there are no clear-cut rules or norms to distinguish between a higher education institute of repute and a commercial coaching centre within the government’s framework. It does appear as a mockery by the government’s part for it to call its own product, IIM Ahmedabad, a ‘coaching institute.’

Ministry of HRD Versus Revenue Department

Subrahmanyam, on behalf of the institute, had argued that IIM-A comes under the exempted category, and had requested a waiver and to restore the institute to its former glory as a Higher Education Insititute which deserves to be exempted from paying service tax. In case the Ministry of Finance does not revoke its order, the students getting admitted to the 2019-21 programme may have to shell out Rs. 2 to 3 lakhs more towards course fee, which is already slated at Rs.22 lakhs. 

Rs. 52 Crores Tax imposed for 5 Years Course Fee

Notably, there is no tax on the fee charged by educational institutes in general. But, in this case, hefty tax is imposed on IIM Ahmedabad alongside other commercial coaching and training centres. The fees is charged by IIM-A on various management programmes, viz; the flagship 2 years full-time residential Post-Graduate programme in Management (PGP), Food and Agri-Business Management (PGP-FABM), One year Post Graduate Programme in Management for Executives (PGPX) and the Fellow Programme in Management (FPM) leading to Doctoral degree. The Revenue Department has imposed this Rs. 52 Crore service tax on the fees collected from 2009-10 and 2014-15. 

No GST levied on CAT Exam Fee, Course Fee attracts Tax

The application fee for the Common Admission Test (CAT) conducted by IIMs does not attract any GST and is exempted from it. However, the course fee charged by this top B-school is covered in the tax net. There are 20 IIMs at present and IIM Ahmedabad has been singled out as a commercial coaching centre by Ministry of Finance, and is subject to service tax on the fee availed by it.

IIM Ahmedabad: Steep Rise Expected in Fee 

Since 2009-10, the course fee for IIM Ahmedabad has risen exponentially from Rs.6 Lakhs to Rs.22 Lakhs for the 2018-20 batch. IIM Ahmedabad so far has not collected any tax amount from its students on the course fee. In case it has to pay the tax on its course fee, the overall fees might rise up to 2-3 lakhs further which would be a huge blow for students who would gain admission into this institute and are already burning a hole in their pockets due to the previously existing high fee structure. 

Though IIM Ahmedabad expects the verdict to be in its favour as it is a premier management institute and believes that it should be exempted from service tax like other institutes, it is yet to be seen if the Revenue Department would move in their favour.

This year, for CAT 2018, IIM Ahmedabad has brought the sectional percentile cutoff to 70 from 80 and overall from 90 to 80. IIM Ahmedabad boasts of a large alumni base that includes former RBI Governor Dr Raghuram Rajan, top bureaucrats, corporate and industry leaders.

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CAT 2018 Exam Slot 2 Analysis

CAT 2018, nation’s most important management entrance exam was conducted today. The exam broke the past eight-year record for the number of registrations, with 2.41 aspirants registering this year amongst which 10, 000 reappeared. The buzz around the CAT 2018 Exam has been huge over the past few months, and it will only increase going forward, since the students would now want to have a long and clear look at the CAT 2018 Exam Slot 2 Analysis, so they can get a fair estimate of the cut-off they will be securing in the said exam.

Click here to Read about Topic Wise In-Depth CAT 2018 Slot 2 Analysis

Check our AI-Powered CAT Percentile Predictor

Since we have already shared with you the Slot-1 Analysis, the exam for which took place between 9 am -12 pm today, we bring to you the CAT 2018 Exam Slot 2 Analysis.

CAT 2018 Exam Slot 2 Analysis

CAT 2018 Slot 2 Analysis
CAT 2018 Slot 2 Analysis
  • Verbal Ability and Reading Comprehension (VARC)

Reportedly, the CAT Exam Slot 2 Analysis was per the expected lines and similar to slot 1. There were 34 questions in the RC Section with total 5 RCs. However, the catch here was that the RCs were of pattern 5, 5, 5, 5 and 4. So, total 5 RCs with 5 questions in 4 of the RCs and 4 questions in one of the RCs. The length was slightly more as compared to last year, but having said that, readability was not an issue. The silver lining here was that the themes for all the RCs were pretty understandable.

The only problem was that there were only 4 statements in the Para-Jumble. In general, students try not to attempt it but today, it would have been a good decision to go for it. There were only 4 sentences to be jumbled with only 24 possibilities remaining.

There were 3 questions of Summary, 3 questions of Odd-one out which had 5 options. Therefore, overall, VARC was on the easier side and  26-30 can be considered a decent attempt.

  • Data Interpretation and Logical Reasoning (DILR)

It was tricky as usual but seemed easier than last year! This is not to say that it was completely point blank in comparison to CAT 2017, but yes, a good student could have easily managed 4-5 sets.

One important thing to be kept in mind for DI/LR section is that it has conditions everywhere. The ‘What-if’ questions! At the same time, there would be sets which are in the form of puzzles. You need to solve a single arrangement and voila, you get all the 4 answers! So the candidates could have attempted those.

There was one Venn-Diagram question as well, which was doable and hence easily attempted. The overall, DI&LR was on the moderate to difficult side and  15-16 can be considered a decent attempt.

  • Quantitative Aptitude

As expected, it was slightly tougher than last year but in comparison with DI/LR it was moderate to difficult. Students who prepared well have managed a 22. Anywhere between 17-18 would be a fabulous number of attempts as per Slot-1. Not comparing the two slots, but this is something you can keep in mind in general.

This year more than 2 lakh candidates registered for CAT 2018 Exam. The CAT 2018 Exam Result is expected to be released in the second week of January 2019.

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