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iift exam preparation

Indian Institute of Foreign Trade (IIFT) stands among the top management institutes of world and India as well. It has a history of producing professionals in international trade. Skills of managing the international businesses among ever changing international affairs are much valued. There are few institutions which deal in such subject international resources and concerns.

In addition surprising fact is that there are only few odd guys who make it to such renowned institute. It is due to the difficulty level that lies in the entrance exam conducted by IIFT every year. One may take the content of entrance exams to be light as it contains General Awareness, English Usage, Reading Comprehension, Logical Reasoning, Data Interpretation, and Quantitative Aptitude.

IIFT Preparation Tips

General Awareness

One major thing that lies uncommon in IIFT exam is General Awareness. It teases the geeks of calculations and language maestros. You may be good in numbers or comprehend the difficult words in the paragraphs of reading comprehension. But the area of General Awareness rings the bells in mind. It needs you to be very active with the happenings that happen across the world especially in trade.

What should be the relevant source for practicing general awareness? Obviously when exam talks about international trade so automatically will involve important facts about running international economics. Exam will have questions about FDI, FOREX, Joint Ventures, Acquisitions, PPP, Trade Policies, Fiscal Policies, Monetary Policies, IMF, World Bank, Asian Development Bank, Rating Agencies, New Appointees to Trade Related Institutions, Stock Exchanges. You can access and read newspapers like Economic Times and Hindu online to practice for this section. Economy and Business Sections of newspapers will satisfy the purpose.

English Usage

It directly refers to Common Errors.  So, you should ensure solving certain difficulty level of simple things like Nouns, Pronouns, Adjectives, Adverbs, Clause, Articles, and Conjunctions. Wren and Martin in addition to Advanced Oxford Grammar can be of much help.

Reading Comprehension

Ability to comprehend is the basic essence behind this part of IIFT exam. Reading speedily with an understanding of the content being read is the key behind solving the questions of Reading Comprehension. Better read articles from the areas like Arts, Music, Politics, Trade, Management, Defense, Research, and Bio-tech.

In addition to this you need to put much effort in building up a huge vocabulary. Vocabulary should not be of simple words but bit uncommon and carry big meanings. Editorial pages of newspapers are the best sources to find help in this area.

Logical Reasoning

Here lies the actual difficulty. This portion tells the level of intellectual development and precision attained. Reasoning has questions from all the areas like Verbal reasoning, and Analytical Reasoning. Questions range from relationship to Venn Diagrams, from Jumbled Sentences to Coding-Decoding and much more. It is a huge area with various topics to find the level of mental attitude of person in solving the riddles.

To be well prepared you should solve previous exam papers and test series of various institutes.

Data Interpretation

You must understand why this area gets introduced in any competitive exam. In IIFT the difficulty level of questions is high. This area has questions which involve fast calculations and if possible in mind only not on paper. It is like finding out 67% of 7986 in a fraction of second. To prepare for IIFT you need to first make your basics strong in certain areas like percentage, tables up to 35, under-roots, squares up to 35, cubes up to 20, etc. Try solving a few difficult calculations every day to get a better idea of the type of questions asked and also be in touch with the syllabus. It needs a lot of practice.

Quantitative Aptitude

This area gets introduced to see the activity of mind in solving the problems of daily life reflected with the help of numbers. Questions do not remain simple rather there is much multiplicity of many problems within one problem. In addition, the options for answers too are very confusing with a difference of a small fraction.

All these six areas help the admissions panel to understand the intellectual level of students. Once you clear the IIFT 2016, the next level is of Group Discussion which is followed by Personal Interview. In group discussion, you should have the conviction on your ideas while respecting others ideas too. You should show leadership quality in taking the discussion to an ultimate conclusion which should be a solution as well.

In the interview round, you must understand the agenda of the panel. They want to analyze you on certain personality traits that help in furthering the trades. Its like refined negotiation skills, crisis management.

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