AICTE CMAT trial test asks bizarre questions on corporate finance!

FOR IMMEDIATE RELEASE
NOIDA, U.P, India, Republic of (Free-Press-Release.com) December 15, 2011 -- The saying, better late than never applies quite well for AICTE. As per AICTE website www.aicte-cmat.in, the trial test for CMAT, the MBA entrance exam which has been announced by AICTE was to be available from Monday, December 12, 2011 onwards. But even after two days of wait, no test was available. However, the trial test has now become functional on December 14.

But strangely enough, when MBAUniverse.com logged on www.AICTE-CMAT.in on Dec 14 at 6pm, the questions are not at all related with the sections of the test which are Quantitative Ability, Verbal, DI, LR and GK! Rather, all the 10 questions which are asked in the trial test are on corporate finance. Like this bizarre question: "What is the default spot lag for an equity warrant?".

It seems that someone at APTECH, which is executing this test, has forgotten to put the right test, and AICTE officials not at all bothered to check.

The MBA aspirants who were waiting for the trial test to get a hint of the question pattern and the difficulty level, their purpose doesn’t get solved by taking the trial test.

We are reproducing below the 10 test questions on the AICTE CMAT official website, as on 6.30pm on December 14.

1. What is the default spot lag for an equity warrant?

2. Who should due diligence be requested on?

A- New Investors
B- Existing Investors
C- Mutual Funds Transferring in from another FSP
D- Investors transferring into a fund

3. What is the underlying of an equity warrant?

A- FUTURE
B- INDEX
C- EQUITY

4. What is the settlement mode for a warrant?

A- Cash
B- Delivery
C- Physical

5. Which of the following are equivalent jurisdictions?

A- Canada
B- USA
C- Nigeria
D- UK
E- Ecuador

6. What is the name of the financial regulator in the Ireland?

A- Office of the Revenue Commissioners
B- The Financial Regulator of Ireland
C- Financial Services Authority of Ireland
D- Central Bank of Ireland

7. If the exchange is Luxembourg, country is LU, currency is USD, what will be the warrant short-name?

A- ISIN
B- SEDOL
C- CUSIP

8. Which of the following are schedule 3 countries?

A- Canada
B- USA
C- Brazil
D- Jamaica
E- Russia

9. What is conversion ratio?

A- No. of warrants / No. of underlying
B- No. of underlying / No. of warrants
C- No. of warrants / Issue amount

10. What is the name of the financial regulator in the Cayman Islands?

A- Cayman Islands Government Portfolio of Finance & Economics
B- Cayman Islands Financial Reporting Authority
C- Financial Services Commission of the Cayman Islands
D- Cayman Islands Monetary Authority

If APTECH and AICTE have not woken up still, you can probably see these tests online on this link:

http://202.138.124.234/q4/perception.dll?name=cmat&password=cmat

With the future of thousands of MBA aspirants at stake, surely AICTE and APTECH will do a service by taking their official website more seriously.

To read the previous reports on CMAT at MBAUniverse.com, click on the following link:

AICTE CMAT Update: B-schools object; AICTE misses Trial Test deadline

AICTE CMAT 2012 to have 100 Questions; 3 hour paper to cover QA, VA, DI, LR, GK

Stay tuned to MBAUniverse.com for more on AICTE CMAT.