MBA entrance examination comprises two types of problems: formula-based…
XAT 2015 · Decision Making · 2 questions
MBA entrance examination comprises two types of problems: formula-based problems and application-based problems. From the analysis of past data, Interesting School of Management (ISM) observes that students good at solving application-based problems are entrepreneurial in nature. Coaching institutes for MBA entrance exams train them to spot formula-based problems and answer them correctly, so as to obtain the required overall cut-off percentile. Thus students, in general, shy away from application-based problems and even those with entrepreneurial mind-set target formula-based problems. Half of a mark is deducted for every wrong answer.
Question 1
ISM wants more students with entrepreneurial mind-set in the next batch. To achieve this, ISM is considering following proposals:
I. Preparing a question paper of two parts, Part A and Part B of duration of one hour each. Part A and Part B would consist of formula-based problems and application-based problems, respectively. After taking away Part A, Part B would be distributed. The qualifying cut-off percentile would be calculated on the combined scores of two parts.
II. Preparing a question paper comprising Part A and Part B. While Part A would comprise formula-based problems, Part B would comprise application-based problems, each having a separate qualifying cut-off percentile.
III. Assigning one mark for formula-based problems and two marks for application based problems as an incentive for attempting application-based problems.
IV. Allotting one mark for formula-based problems and three marks for application-based problems, without mentioning this in the question paper.
Which of the following proposal (or combination of proposals) is likely to identify students with best entrepreneurial mind-set?
ISM conducts a common entrance examination every year. This year, the question paper would comprise 60 questions with an equal mix of formula-based problems and application-based problems. All questions would carry equal marks. Balaji is appearing for the examination. Before appearing for the examination he gets the following information from coaching institutes:
I. Application-oriented problems take more time to solve in an examination hall.
II. Chances of silly mistakes would be low in application-based problems.
III. ISM would assist the students with bank loans to start a new venture.
IV. Options are generally confusing for formula-based problems.
V. 'Practice makes a man perfect' can apply only to formula-based problems.
VI. Students get very good campus jobs.
Based on above information, which of the following options would help him to be better prepared for the examination?
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