IIFT (Indian Institute of Foreign trade) is one of the prestigious competitive exams for admission to one of the prestigious PG courses in the country, MBA. The entrance exam opens doors to MBA-IB (international business) offered at IIFT. The management course lays importance on studies in international business. The students are offered exposure to international perspectives by being exposed to subjects like international finance, international marketing, international strategy etc.
The total intake of students to the course is 300 per year against the number of applicants being in lakhs, making it tough on competition.
There are four sections in the paper: Quantitative Ability (QA), Logical Reasoning (LR) and data Interpretation (DI), Reading Comprehension (RC) and Verbal Ability (VA) and General Awareness (GA).
The different questions carry different weightage, i.e. marks per question differ, and this makes IIFT one of its kinds of exam. The total marks for the exam is 100, whereas total number of questions is 124(as per 2015 pattern). The questions carry negative marking as well. The time allotted for IIFT exam is 2 hours.
The efforts should be directed with the right velocity. You need to understand the pattern as well as syllabus and prepare accordingly. Make a list of all the lessons you need to have on tips.
Make an analysis of the entire course and know which topics are easy and on tips, whereas which sections require accuracy and speed from your end. Practice the weaker sections and areas on a routine basis. Convert them into opportunity. The more you practice, the ease you learn to work with. Attempt solved questions in the starting, and then shift to unsolved questions.
IIFT comes with an addition to CAT exam. Therefore, all books one keeps handy for CAT exam should suffice, with inclusion of one or more books, which is based to enhance your knowledge on General Awareness. For general awareness section, "the Manorama Year Book" is an ultimate guide; it gives you complete insight to current affairs related to economics, sports, technology, schemes etc. Keep the Lucent's book handy, which is again a good book that keeps you updated with the latest facts and general knowledge. The best approach to preparing general knowledge would be reading newspaper daily or watching news on a routine basis. Then, at the end one could prefer these books which would then be a sort of revision. This way, you would be able to retain better and for long. Current affairs are not something that can be learnt at the last moment, but is something that can be lived daily and revised at the last moment.
Few other books that could help in preparation of IIFT:
* Word Power Made Easy by Norman Lewis;
* The Pearson Guide to Verbal Ability and Logical Reasoning by Nishit Sinha;
* How to prepare for Quantitative Aptitude for CAT by Arun Sharma; and
* Quantitative Aptitude for Competitive Examinations by Abhijit Guha.
Like, CAT and other competitive exams, IIFT is also about speed and accuracy. The negative marking and differential marking makes these two factors crucial. It's important that one first attempts the questions which involve maximum marks, that too correctly. One-third marks are deducted for every question answered incorrectly. Time management is the key. You need to attempt questions not just quickly but correctly as well. Do not get stuck on one question. Exam time is not the right time to challenge the questions. Be quick enough to decide on which question it seems right to invest time. . Questions which can be solved easily need to be attempted first. Long and time consuming questions should be entertained later. IIFT does not require many questions to be attempted for a good and call converting score. Per 2015, 48.5 was the cut-off that got converted into the call.
I have been stressing on this term in every article. It's just because a healthy mind rests in a healthy body. All work and no play make Jack a dull boy. Take time for fresh air, meditate, exercise, all this helps you to stay fit. Look after your diet and consumption of liquid. Avoid anxiety and over load of studies.
Practice your basics. Be confident about the same. Revise the fundamentals from starting. Practice again and again if you have learned them well. Practice all the shortcuts (you have made) well. Cracking IIFT requires smart tricks. Work on the same. Read books. Mug up good words to increase vocabulary. Try recalling and experimenting with words you have already learnt.
Practice daily. Set the stop watch and analyse your score in the time frame. This will help you know your worth and then you could add on the requisite efforts. Practice previous year papers. They will help you understand the trend over time. You could thus forecast and understand the pattern expected this year. Giving mock test would give you an edge over the basic preparation.
Next could be you if you take your preparation very sincerely and strive with the efforts in the right direction.
All the best J
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