IIFT Preparation Books 2024, Check Section Wise Recommended Books, Important Questions and Answers

IIFT Sample Papers and Solved Question Papers

Solving CAT mock tests and previous year question papers is beneficial for preparation. One thing to note is that candidates should try to solve the mock tests in exam Like conditions. It is a very good strategy to solve as many mock tests as possible so that candidates can clear the IIFT cut offs with ease. 

IIFT Solved Papers

Note: Candidates can attempt free IIFT Mock Tests on NTA’s official website, for more details check IIFT 2023 Previous Years' Question Papers, Sample Papers and Mock Tests.

---

IIFT 2023 Sample Questions

IIFT Data Interpretation and Logical Reasoning

Direction : Answer the questions with the given information and the graph. The analyst at a retail giant has modelled the consumer spending and consumer sentiment to prepare a strategy on product offers in the upcoming festive season. The data given in the figure are from the last 10 years on 3 parameters namely, food spending (Food Spend), style spending (Style Spend), and sentiment index (Sentiment Index). Study the figure above and answer the following questions : 

Question. In which year, the highest annual percentage change in Style Spend is recorded? 

Options -

1. 2015
2. 2014
3. 2013
4. 2011 

Question. The average sales of which colour T-Shirt sold is the same in both the cities?

Options - 

1. Yellow 
2. Blue 
3. Black 
4. Red 

Question. Which style T-Shirt has the highest difference in number of units sold between two cities of Delhi and Mumbai? 

Options - 

1. S1 
2. S2 
3. S3 
4. S4 

IIFT Verbal Ability and Reading Comprehension

Direction : Read the passage and answer the questions.

Sustaining Versus Disruptive Innovation

Successful companies, no matter what the source of their capabilities, are pretty good at responding to evolutionary changes in their markets-what in T71e Innovator's Dilemma (Harvard Business School, 1997), Gayton Christensen referred to as sustaining innovation. Where they run into trouble is in handing or initiating revolutionary changes in their markets, or dealing with disruptive innovation(DI).

Sustaining technologies are innovations that make a product or service perform better in ways that customers in the mainstream market already value. Compaq's early adoption of Intel's 32-bit 386 microprocessor instead of the 16-bit 286 chip was a sustaining innovation. So was Merrill Lynch's introduction of its Cash Management Account, which allowed customers to write checks against their equity accounts. Those were breakthrough innovations that sustained the best customers of these companies by providing something better than had previously been available. 

Disruptive innovations create an entirely new market through the introduction of a new kind of product or service, one that's actually worse, initially, as judged by the performance metrics that mainstream customers value. Charles Schwab's initial entry as a bare-bones discount broker was a disruptive innovation relative to the offerings of full-service brokers like Merrill Lynch. Merrill Lynch's best customers wanted more than Schwab-like services. Early personal computers were a disruptive innovation relative to mainframes and minicomputers. PCs were not powerful enough to run the computing applications that existed at the time they were introduced. These innovations were disruptive in that they didn't address the next-generation needs of leading customers in existing markets. They had other attributes, of course, that enabled new market applications to emerge-and the disruptive innovations improved so rapidly that they ultimately could address the needs of customers in the mainstream of the market as well.

Sustaining innovations are nearly always developed and introduced by established industry leaders. But those same companies never introduce-or cope well with-disruptive innovations. Why? Our resources-processes-values framework holds the answer. Industry leaders are organized to develop and introduce sustaining technologies. Month after month, year after year, they launch new and improved products to gain an edge over the competition. They do so by developing processes for evaluating the technological potential of sustaining innovations and for assessing their customers' needs for alternatives. Investment in sustaining technology also fits in with the values of leading companies in that they promi~e higher margins from better products sold to leading-edge customers.

Disruptive innovations occur so intermittently that no company has a routine process for handling them. Furthermore, because disruptive products nearly always promi~e lower profit margins per wut sold and are not attractive to the company's best customers, they're inconsistent with the establi~hed company's values. Merrill Lynch had the resources- the people, money and technology-required to succeed at the s ustaitling itmovations (Cash Management Account) and the disruptive innovations (bare-bones discount brokering) that it has confronted in recent history. But its processes and values supported only the sustaining innovation : they became disabilities when the company needed to understand and confront the discount and on-line brokerage businesses.

The reason, theretore, that large companies otten surrender emerging growth markets is that

smaller, disruptive companies are actually more capable of pursuit1g them. Start-ups lack resources, but that doesn't matter. Their values can embrace small markets, and their cost structures can accommodate low margins. Their market research and resource allocation processes allow managers to proceed intuitively; every decision need not be backed by careful research and analysis. All these advantages add up to the ability to embrace and even itutiate disruptive change.

Questions - 

Q1. How does the author differentiate between Sustaining Innovation (SI) and Disruptive Innovation (DI) ?

Options - 

1. SI is mainly for IT companies while DI is for the banking sector. 
2. SI requires companies to change at a faster pace while DI requires companies to move at a moderate pace.
3. SI is a continuous process with incremental changes while DI occurs intermittently with larger consequences. 
4. SI can be managed only by companies having smaller workforce while DI can be managed by companies having large workforce. 

Q2. According to the passage, DI is more difficult for companies to adopt because :

Options -

1. There is a shortage of talented leaders who can implement DI successfully in their companies.
2. There is a lack of understanding in companies regarding advantages of DI particularly with regard to emerging markets.
3. Due to the geographical location of companies it becomes difficult to implement DI and coordinate with different divisions.
4. The companies do not want to move out of their comfort zone and incur additional cost on implementing DL 

IIFT Quantitative Ability

Ques. A cricket team has 11 players and each of them has played 20 matches till date. Vint, Rohit, Mahendra, Rahul and Shikhar have scored runs at an average of 60, 55, 50, 45 and 40 respectively. Rest of the players have scored at an average of 25 each. In the next 10 matches, Virat and Rohit each scored 900 runs whereas Mahendra scored twice that of Rahul. After 30 matches, if Virat's new average score is twice that of Rahul, what is the approximate average score of Mahendra ? 

Options - 

1. 49
2. 41
3. 43
4. 45 

Ques. You travel by Delhi Metro everyday from Botanical Garden, Noida to Hauz Khas, Delhi. At Hauz Khas metro station, you use an escalator to get out from the station. The escalator takes 80 seconds. One day, the escalator was not working and you walked up the escalator in 50 seconds. How many minutes does it approximately take you to walk down the working escalator?

Options -

1. 1.5 minutes
2. 2.2 minutes
3. 2.8 minutes
4. 2.6 minutes 

IIFT General Knowledge

Question. The 2018 Winter Olympics games were held in: 

Options - 

1. South Korea
2. Canada
3. Sweden
4. Romania 

Question. Scientist's plan to build an elevator between Earth and the Moon to cut down on the rocket fuel needed for a trip between the Earth and the Moon is known as:

Options.

1. Space Line
2. Space Lift
3. Space Elevator
4. Space Bridge 

Ques. Match the SeaPort with the Country where it is located :

Options -

1. (a) - (iv), (b) - (iii), (C) - (v), (d) - (ii), (e) - (i)
2. (a) - (iv), (b) - (v), (c) - (ii), (d) - (iii), (e) - (i)
3. (a) - (iv), (b) - (v), (c) - (iii), (d) - (ii), (e) - (i)
4. (a) - (iv), (b) - (ii), (c) - (iii), (d) - (v), (e) - (i) 

---