NIFT 2024 B.Des 5 Feb Shift 2 Question Paper (Available)- Download Answer Key with Solutions PDF

NIFT Questions

• 1.

  Read the given passage and answer the questions that follow:
  Life Insurance Corporation of India (LIC) reported weak growth through HIFY24 but it witnessed a boost in embedded value (EV) due to equity market performance. But concerns regarding its stock include loss of market share as it is outpaced by private sector rivals. sticky operating expenses (reduced slightly yearon-year but up in Q2FY24 versus Q1FY24). and high sensitivity of embedded value to equity volatility. 
  Traders may also factor in the likelthood of another stake sale by the Government of India. These concerns are reflected in valuations. LIC trades at a big discount in price/EV terms (less than 1x) compared to private sector rivals (mostly 3x or more). Growth is healthy on a sequential basis but weak on a Y-0-Y basis. The individual annualized premium equivalent (APE) in HIF’Y24 was flat Y-0-Y at Z 14,640 crore, whereas the group APE was down by 24.5 percent Y-0-Y to Z 7.990 crore. Policies that provide policyholders a share of the insurance company’s profits as an annual dividend payout are also called par or with-profit policies. 
  The VNB (value of new business) margin was flat on a Y-0-Y basis despite the rise in share of non-par business. which is margin positive. The VNB margin for HIFY24 was 14.61 percent against 14.58 percent in HIFY23. Though the rise in share of non-par products had a positive impact on the VNB margin. more benefits were given to policyholders, particularly for annuity. which pulled margins down again. 
  The product mix shift to non-par should push the VNB margin up in the long-term. But competitive intensity meant product pricing had to be low-margin and more benefits were offered to policyholders. The annuity rates have also been increased. The overall APE dropped 10.3 percent over the past year to ¥ 22.630 crore. The individual business accounted for 64.7 percent of the APE. The individual APE was flat Y-o-Y, whereas the group business dropped 24.5 percent. 
  The solvency ratio is adequate. and the movement to non-par is positive for margins. But further loss of market share would occur unless LIC pushes up growth rates to match rivals. It’s hard to estimate EV trends. Valuations are cheap which leaves room for some upside.

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• 2.

  In a certain code, STOVE is written as FNBLK. Then how will VOTES be written in the same code?

  • FLKBN
    
  • LBNKF
    
  • LKNBF
    
  • LNBKF
    
  View Solution

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• 3.

  Simplify the following expression: $ \frac{2^{n+5} - 4 \cdot 2^{n}}{2 \cdot (2^{n+4})} $.

  • \( 2^{n+1} - \frac{1}{4} \)
    
  • \( 2^{n+1} \)
    
  • \( -2^{n+1} \)
    
  • \( \frac{7}{8} \)
    
  View Solution

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• 4.

  The value of $ \frac{1}{1 + p^{(y-z)} + p^{(x-z)}} + \frac{1}{1 + p^{(x-y)} + p^{(z-y)}} + \frac{1}{1 + p^{(y-x)} + p^{(z-x)}}, $ is:

  • 3
    
  • 1
    
  • 0
    
  • -1
    
  View Solution

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• 5.

  P, Q, R, S, T, U, and V are sitting around a circular table facing the center. S is not a neighbor of R and T. P is the neighbor of Q and R. V, who is second to the left of S, is the neighbor of T and U. Which of the following is not true?

  • R is to the immediate right of P
    
  • U is between T and S
    
  • S is between Q and U
    
  • Q is third left of T
  View Solution

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• 6.

  Read the given passage and answer the questions that follow
  India didn’t sign the Global Renewables and Energy Efficiency Pledge that aims to triple global renewable energy capacity and double the rate of energy efficiency by 2030. That’s despite having successfully ensured a commitment to the aspiration by the G20 in the New Delhi Leaders’ Declaration. 
  India has a domestic target of increasing its renewable energy capacity to 450GW from its current level of 130GW by 2030. 
  New Delhi’s absence from the list of 118 countries that joined the pledge came as something of a surprise. Prime Minister Narendra Modi had highlighted India’s role as G20 president in securing the agreement on renewable energy capacity and energy efficiency. All the G20 countries- barring India, China and Russia- have signed on to the pledge launched on Saturday by COP28 president Sultan Al Jaber. The pledge seeks to triple global installed renewable energy capacity to at least 11,000GW and double the global energy efficiency improvement rate to more than 4% by 2030. 
  As G20 president. India had pushed for the adoption of a numerical target for the tripling of renewable energy. without much success. ”What is interesting is that as the G20 presidency. India pushed for not just the idea of tripling renewable energy capacities but also attempted to set a target. 11.000 GW by 2030. In its efforts. India was supported by only the European Union (EU) and its member states. ” said a senior delegate privy to G20 negotiations on energy. 
  India’s decision not to join the pledge can likely be attributed to the focus on coal and investments in it.