Previous Year Questions – 2024

Aryan’s Grade B

Aryan's Grade B 1
Economic & Social Issues

Aryan's Grade B 2
2 MARKER

(Direction: 1-4): Read the following Paragraph and answer the questions that follows. Q3. According to the report __X__ by the World Economic Forum (WEF), what is the primary
reason for India's decline in the Global Index ranking?
__X__ is a World Economic Forum’s report that benchmarks the evolution of gender-based gaps in four areas: A. Economic participation
economic participation and opportunity; educational attainment; health and survival; and political empowerment. B. Health and survival
It is the longest -standing index tracking the C. Educational attainment
progress of numerous economies’ efforts towards closing these gaps over time. It has informed that the lack of D. Political empowerment
meaningful, widespread change since the last edition effectively slows down the rate of progress to attain parity. E. Employment opportunities
At the World Economic Forum in January this year, India took the mission for gender equity several steps ahead Answer: C
with the launch of the ‘__Y___’. This multi-stakeholder initiative has placed India centre stage for accelerating the
socio-economic cause as it will have a Q4. Which of the following organisation has launched the report _X_ mentioned in the passage?
sustained global impact. With the Alliance, India has managed to transition the two buzzwords, equity and A. World Bank
equality, to the working agendas of stakeholders around the world. B. IMF
C. World Economic Forum
Q1. ‘Y’ which marks India’s mission for gender equity several has been signed at the side-line of the World D. OECD
Economic Forum’s annual meeting that has taken place in ____. E. WMO
A. Geneva Answer: C
B. New York
C. London
D. Davos
E. Paris
Answer: D

Q2. Consider the following statements about the "__Y__" launched at the World Economic Forum, Annual
Meeting in 2024:
1. The Alliance will be housed and anchored by the CII Centre for Women Leadership.
2. The Bill and Melinda Gates Foundation has extended support for the alliance.
3. World Economic Forum as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’
Which of the above statements is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2, and 3
E. 1 only
Answer: D

Aryan's Grade B 3
(Direction: 5-8): Read the following Paragraph and answer the questions that follows. Q7. According to the World Bank, how many middle-income economies have successfully transitioned
Middle Income countries are facing a critical juncture in their development journey. While many have to high-income status since 1990?
successfully risen from low-income levels and made significant strides in eradicating extreme poverty since A. 20
the 1990s, their ambition to reach high-income status B. 25
remains elusive. Despite efforts over the last few decades, the income per capita in most middle-income C. 34
countries has stagnated, remaining far below that of advanced economies. D. 40
As these nations grapple with aging populations, increasing protectionism, and the urgent need to E. 50
accelerate the energy transition, the path forward is more challenging than ever. Answer: C
The World Development Report 2024 identifies crucial transitions these countries must undertake to
escape the “X trap” and advance toward high-income status, emphasizing the need for innovation and Q8. Consider the following statements about India as per the recent report:
modernization of their economies. 1. At current trends, it will take India 75 years to reach one -quarter of U.S. income per capita.
2. As of the end of 2023, India is classified as a middle -income country, with a GDP per capita ranging
Q5. Who is the Director of the World Development Report (WDR) 2024 at the World Bank? between $1,136 to $13,845.
A. David Malpass 3. In India, firms typically double in size over 40 years, compared to a sevenfold increase for firms of
B. Kristalina Georgieva the same age in the U.S.
C. Carmen Reinhart Which of the above statements is/are correct?
D. Somik V. Lall A. 1 and 2 only
E. Gita Gopinath B. 2 and 3 only
Answer: D C. 1 and 3 only
D. 1, 2, and 3
Q6. The World Development Report (WDR) 2024 suggests various strategies to escape economic traps. E. 1 only
Consider the following statements: Answer: D
1. The report suggests a 3i strategy focusing on investment, innovation, and infusion of technology.
2. It highlights the forces of creation, preservation, and destruction as key to driving economic
transformation.
3. The participation of women in the workforce is emphasized as a critical factor for sustainable
development.
Which of the above statements is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2, and 3
E. 1 only
Answer: D

Aryan's Grade B 4
(Direction: 9-12): Read the following Paragraph and answer the questions that follows. Q11. As per the __A__, what has been the average annual growth rate of the agriculture
India's real GDP is expected to grow between 6.5–7 percent in 2024-25, according to the sector in India over the last five years?
__A__. The Indian economy has demonstrated a robust recovery from the pandemic, with A. 12.4%
real GDP in FY24 surpassing pre -COVID levels by 20 percent. Despite uncertain global B. 4.18%
conditions, domestic growth drivers have bolstered economic performance. However, the__A__ also C. 8.2%
cautions that escalating geopolitical tensions in 2024 could lead to supply disruptions, rising commodity D. 20.2%
prices, and renewed inflationary pressures, potentially E. 2.25%
influencing the Reserve Bank of India's monetary policy. On a positive note, global trade is expected to Answer: B
improve in 2024, and India's export potential, particularly in business,
consultancy, and IT-enabled services, could expand. The __A__ underscores India's economic resilience, Q12. India’s economy needs to generate nearly 78.51 lakh jobs annually in _________ to
with real GDP growing by 8.2 percent in FY24, driven by stable consumption and rising investment accommodate the growing working-age population.
demand. A. Agricultural sector
B. Service sector
Q9. What does A refer to here in the above passage? C. non-farm sector
A. Index of Industrial Survey D. Industrial sector
B. Economic Survey 2023-24 E. Manufacturing sector
C. Global Economic Outlook Answer: C
D. World Economic Prospects
E. None of the above
Answer: B

Q10. India is the second-largest producer of _______ and the largest producer of _________.
A. Milk, Rice
B. Pulses, Wheat
C. Cotton, Spices
Select the appropriate options.
A. Only A
B. Only B and C
C. None of A, B and C
D. Only B
E. Only C
Answer: E

Aryan's Grade B 5
(Direction: 13-16): Read the following Paragraph and answer the questions that follows. Q15. The term ‘__X__,’ describes the interplay between several global challenges, which of the
The World Economic Outlook (WEO) and the Global Risks Report offer critical insights into the global following does NOT describe the challenge?
economic landscape and potential future challenges. Published semi-annually, the WEO assesses A. COVID-19 pandemic
economic trends and projections, addressing key issues across advanced, emerging, and developing B. War in Ukraine
economies to support IMF’s surveillance of economic stability. C. Cost-of-living crisis
Complementing this, the Global Risks Report identifies severe global risks emerging over the next D. Political empowerment crisis
decade, particularly in the context of technological shifts, climate change, E. Climate crisis
economic instability, and geopolitical tensions. Together, these reports underscore the need for resilient Answer: D
policies in an era of complex and interconnected challenges.
The event is set against the backdrop of what has been termed a __X__, where multiple crises, such as Q16. As per the Global Risk report, which of the following are not the long-term risks world
environmental degradation, the aftermath of a global pandemic, geopolitical tensions, and rising will face?
economic concerns, intersect. Through collaborative discussions, the A. Misinformation and disinformation
forum aims to foster solutions by focusing on key themes, including strengthening security and B. Cyber insecurity
cooperation, driving economic growth, leveraging artificial intelligence, and shaping a C. Biodiversity loss and ecosystem collapse
sustainable strategy for climate, nature, and energy. D. Geopolitical tensions
E. Involuntary migration
Q13. As per the World Economic Outlook (WEO) April 2024 forecast, what is the projected global growth Answer: D
rate for the year 2024?
A. 2.8%
B. 3.0%
C. 3.2%
D. 3.5%
E. 4.0%
Answer: C

Q14. Which term is used to describe a situation where multiple crises—environmental, health,
geopolitical, and economic pressures—converge?
A. Megacrisis
B. Polycrisis
C. Multicrisis
D. Hypercrisis
E. Omnicrisis
Answer: B

Aryan's Grade B 6
(Direction: 17-20): Read the following Paragraph and answer the questions that follows. Q19. Department of Agriculture and Farmers’ Welfare (DA&FW) launched a web portal developed
India is trailing behind in achieving more than 50% of indicators under the United Nations Sustainable jointly by ___________ to automate and speed up the process of settlement of interest subvention
Development Goals (SDGs) seven years before the 2030 deadline, according to a study published in the claims of banks submitted under the Agriculture Infrastructure Fund (AIF).
__X__ in journal on February [Link] highlights that the country is trailing on more than 50% of its A. ICAR, New Delhi
indicators just seven years before the 2030 deadline. Despite some progress, 75% of Indian districts B. RBI
remain off target in critical areas such as poverty C. NABARD
reduction, anaemia, child marriage, and domestic violence. D. Dr Rajendra Prasad Central Agricultural University, Pusa, Bihar
In a move towards supporting agricultural development, Union Minister for Agriculture and Farmers’ E. Central Agricultural University (CAU), Imphal
Welfare and Rural Development launched a web portal developed jointly by the Department of Answer: C
Agriculture and Farmers’ Welfare (DA&FW) and __X__, aiming to auto mate and expedite the settlement
of interest subvention claims of banks under the Agriculture Infrastructure Fund (AIF). Additionally, he Q20. PM-PRANAM scheme is a scheme that aims to promote sustainable agricultural practices and
has briefed that Sustainable and organic farming is imperative for preserving environmental health, reduce environmental degradation approved by the Cabinet Committee on Economic Affairs
enhancing soil fertility, and ensuring long-term food security. These practices reduce reliance on (CCEA) in 2023. Consider the following statement with respect to the scheme:
synthetic chemicals, promote biodiversity, and mitigate climate change. 1. The term PM-PRANAM stands for the PM Programme for Restoration, Awareness Generation,
Nourishment, and Amelioration of Mother Earth.
Q17. According to a recent study, how many key indicators has India fallen behind on, ________ out of 2. The scheme provides 50% of the saved fertilizer subsidy to States or Union Territories that
the _____ identified for assessing progress towards 9 Sustainable Development Goals (SDGs). reduce chemical fertilizer usage compared to the previous three-year average.
A. 11, 29 3. The Department of Expenditure is responsible for overseeing the disbursement of grants under
B. 13, 29 this scheme through its existing schemes.
C. 15, 31 Which of the above statements is/are correct?
D. 17, 31 A. 1 and 2 only
E. 19, 33 B. 2 and 3 only
Answer: E C. 1 and 3 only
D. 1, 2, and 3
Q18. Which publication was responsible for this mid-line assessment of India's progress towards the E. 1 only
2030 Agenda, that indicated that more than 75% of Indian districts are off target for achieving key SDG Answer: D
indicators.?
A. The New England Journal of Medicine
B. The BMJ
C. The Lancet
D. Nature
E. Science
Answer: C

Aryan's Grade B 7
1 MARKER

Q21. The Ministry of Labour and Employment is implementing the National Career Service Q23. Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) provides social security to land-holding
(NCS) Project as a Mission Mode Project to provide various employment-related services, including Small and Marginal Farmers (SMFs) through a voluntary and contributory pension scheme. Consider
career counselling, vocational guidance, and information on skill development courses. The NCS Portal the following ineligibility criteria under the PM-KMY:
was launched by the Prime Minister on 20th July 2015. Who among the following can benefit from the 1. A farmer who is a beneficiary of the PM-KISAN scheme.
services offered by the NCS Portal? 2. A farmer with a landholding of 1.78 hectares.
1. Individuals seeking jobs abroad. 3. A farmer aged 42 years.
2. Apprenticeship opportunities. Which of the above farmers would be ineligible for enrolment under the PM-KMY?
3. Job placements for ex-servicemen. A. 3 only
Which of the above statements is/are correct? B. 2 and 3 only
A. 1 and 2 only C. 1 and 2 only
B. 2 and 3 only D. 1, 2, and 3
C. 1 and 3 only E. 1 only
D. 1, 2, and 3 Answer: A
E. 1 only
Answer: D Q24. Consider the following eligibility criteria for Startup recognition in India:
1. The Startup should be incorporated as a private limited company, partnership firm, or a limited
liability partnership.
Q22. Mission Vatsalya is a strategic initiative focused on advancing child development and protection in 2. The turnover of the Startup should be less than INR 100 Crores in any of the previous financial
line with the Sustainable Development Goals (SDGs). Consider the following beneficiaries under Mission years.
Vatsalya: 3. An entity formed by splitting up or reconstructing an existing business shall not be considered a
1. A grant for marriage purpose "Startup."
2. Married couples who have adopted a child. Which of the above statements is/are correct?
3. Orphans living with guardians receiving financial support of ₹4,000. A. 1 and 2 only
4. NGOs facilitating adoption for children above 6 years of age. B. 2 and 3 only
Which of the above statements is/are correct? C. 1 and 3 only
A. 1 and 2 only D. 1, 2, and 3
B. 2 and 3 only E. 1 only
C. 1, 2, and 3 only Answer: D
D. 2, 3, and 4 only
E. 1, 2, 3, and 4
Answer: D

Aryan's Grade B 8
Q25. Which of the following groups are eligible to receive assistance from the Prime Minister’s National Q28. Which among the following is eligible to apply under the National Pension System (NPS)?
Relief Fund (PMNRF)? 1. Ramesh, an Indian citizen residing in India, aged 25, applying under the All Citizen Model.
A. Families of those killed in natural calamities such as floods, cyclones, and earthquakes. 2. Suresh, a Person of Indian Origin, aged 30, currently living abroad.
B. Victims of major accidents and riots. 3. Geeta, employed by a State Autonomous Body, joining the service after the respective State
C. Patients requiring medical treatment for conditions such as heart surgeries, kidney Government notification.
transplants, cancer, and acid attacks. 4. Priya, an Overseas Citizen of India, aged 40, working in an international organization operating in
D. All of the above. India.
͘E. None of the Above Select the correct option:
Answer: D [A] Only 1 and 3
[B] Only 1, 3, and 4
Q26. The Agriculture Infrastructure Fund (AIF) aims to provide medium to long-term debt financing for [C] Only 1 and 4
investment in viable projects related to post-harvest management and community farming [D] Only 2, 3, and 4
infrastructure. Who among the following is eligible to receive funding under the AIF scheme? [E] All of the above
1. A person who owns a flour mill. Answer: B
2. A person who produces pickles.
3. A person who is a farmer. Q29. Based on the eligibility criteria of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
4. A person who cultivates mushrooms in Meghalaya. scheme, assess the eligibility of each individual below for receiving the scheme benefits:
A. 1 and 2 only 1. Anil is a small landholding farmer with 1.5 hectares of agricultural land in his name. He
B. 3 and 4 only is also a government employee working in the postal department.
C. 2 and 3 only 2. Sunita owns 2 hectares of agricultural land and works part-time as a private tutor. She does not
D. 1, 3, and 4 only have any government or institutional employment.
E. 1, 2, 3, and 4 3. Ramesh has 3 hectares of farmland, inherited from his family but is not using it for cultivable
Answer: E purpose, and operates a small shop in his village. He has not held any government positions and
does not pay income tax.
Q27. Under the Foreign Trade Policy 2023, which of the following transactions are considered as A. Only Anil is eligible
"Deemed Exports"? B. Only Sunita is eligible
1. Supply of goods to Export Oriented Units (EOUs) / Software Technology Park (STP) units / Electronic C. Only Ramesh is eligible
Hardware Technology Park (EHTP) units / Bio Technology Park (BTP) units. D. Both Sunita and Ramesh are eligible
2. Supply of capital goods to Export Promotion Capital Goods (EPCG) Authorisation holders. E. None of them are eligible
3. Supply of goods to projects funded by UN agencies. Answer: B
Which of the above statements is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2, and 3
E. 1 only
Answer: D

Aryan's Grade B 9
Q30. Mrs. Sharma, a resident individual, is interested in investing in the Sovereign Gold Bonds (SGBs)
Scheme to diversify her portfolio. She wants to invest in 3 kg of gold this fiscal year. Mrs. Sharma also
intends to have the flexibility of redeeming her investment after a
few years if needed. Based on the eligibility criteria and features of the SGBs scheme, which of the
following options best applies to her situation?
A. Mrs. Sharma can invest up to 4 kg as an individual with an option for premature redemption after 5
years.
B. Mrs. Sharma can invest only up to 2 kg of gold as an individual.
C. Mrs. Sharma can redeem her investment any time before the 5-year period if needed.
D. Mrs. Sharma is not eligible to invest as an individual in the SGBs scheme.
E. Mrs. Sharma must invest a minimum of 5 kg of gold to be eligible for SGBs.
Answer: A

Aryan's Grade B 10
DESCRIPTIVE
(Q1-Q3)-600 words for 15 Marks
(Q4-Q6)-400 words for 10 Marks

1. What are derivatives?

Discuss the different types of derivatives, the key market participants, their significance in financial
markets, and the risks associated with them.

2. What is a channel of communication?

Briefly explain the different types of communication channels and their importance in an organization.

3. What is the difference between trait theories and behaviours theories of leadership?

4. What is Additional Tier 1 (AT1) bonds?

Discuss their unique features and explain how they differ from other types of bonds?

5. What is the difference between value investing and growth investing?

6. ‘What are the key Factors that influence Ethics in business?

Aryan's Grade B 11
Finance & Management

Aryan's Grade B 12
2 MARKER

(Direction: 1-4): Read the following Paragraph and answer the questions that follows. Q1. The passage mentions theories that have expanded beyond their original development in
Culture profoundly shapes individual behaviour, influencing attitudes, perceptions, and interactions within Russia. Which theory is being referred to?
a society. Over time, theories have emerged to understand how cultural norms impact personal A. Maslow's Hierarchy of Needs
development and social behaviour on a global scale. Historical events and cultural shifts have prompted B. Vygotsky's Theory
researchers to explore ideas around cognitive growth and its connections to social environments, originally C. Theory of Planned Behaviour
studied within specific regions but later observed on a worldwide scale. Among these, certain theories D. Herzberg's Two-Factor Theory
illustrate how social interactions are essential to individual development, impacting various facets of E. Bandura's Social Learning Theory
cognitive and behavioural adaptation. Answer: B
For example, Vygotsky’s theories, initially developed in Russia, emphasize that learning is inherently social
and dependent on cultural context. His work highlights the idea that knowledge construction occurs Q2. Which factor does NOT significantly affect organizational culture, according to the passage?
through interactions with more knowledgeable others, helping individuals develop cognitive skills that are A. Economic factors
both culturally and socially relevant. These theories have gained relevance worldwide, influencing B. Social factors
educational practices and organizational behaviour models beyond their initial cultural context. By C. Technological factors
recognizing how social factors contribute to learning, researchers underscore the powerful role of culture in D. Biological factors
shaping human development. E. Cultural factors
In the organizational sphere, culture has a considerable impact on employees’ approaches to work, Answer: D
collaboration, and innovation. Organizational culture is often moulded by adaptable factors like economic
conditions, social influences, and advancements in technology, which organizations can strategically shape Q3. What tool does the company mentioned in the passage offer to organizations?
to align with their values and goals. However, certain factors are less flexible; for example, biological factors A. Training module
are largely inherent and do not play a B. Survey tool
significant role in the cultural setting of an organization. Instead, the focus remains on elements that can be C. Financial audit
influenced or adapted to create a productive and cohesive work environment. D. Cultural handbook
Understanding the critical role of culture in the workplace, some companies have developed tools to E. Compliance checklist
measure and assess organizational culture. One such company offers an online survey tool designed for Answer: B
organizations seeking insights into employee alignment with company values and satisfaction. These
surveys allow organizations to evaluate their cultural strengths and identify areas for improvement, Q4. According to the passage, organizations focusing on cultural assessment may observe an
contributing to an informed approach to organizational management. With such tools, companies can improvement in:
gather data to support cultural alignment and foster an inclusive environment that benefits both employees A. Financial performance
and organizational goals. B. Inter-departmental communication
Organizations that prioritize cultural alignment and actively engage in evaluating cultural dynamics often C. Marketing reach
see positive changes in their operations. Companies focusing on these factors report that communication D. Legal compliance
across departments and regions improves, as employees feel more connected to shared values and goals. E. Product innovation
This enhanced alignment fosters a collaborative environment, reduces conflicts, and improves employee Answer: B
satisfaction. By prioritizing culture, organizations can develop strong internal relationships that support
overall productivity and resilience in a competitive landscape.

Aryan's Grade B 13
(Direction: 5-8): Read the following Paragraph and answer the questions that follows. Q7. Which organization has introduced these updated guidelines for debt securities subscriptions?
In recent efforts to streamline transactions and enhance investor security, the Securities and Exchange A. Reserve Bank of India
Board of India (SEBI) has introduced new measures for public issues of debt securities. These measures B. Ministry of Finance
require individual investors seeking to apply through intermediaries to use a specific method to block C. SEBI
funds, especially for smaller subscription D. Department of Financial Services
amounts. Investors will need to provide an account-linked payment ID associated with a bank in their bid- E. Indian Bankers Association
cum-application forms. By doing so, RBIaims to reduce dependency on traditional banking routes and Answer: C
encourage the adoption of faster, digital options for managing subscriptions.
The circular issued by RBIoutlines that this updated process will apply to public issues of multiple debt Q8. When will the newly implemented guidelines for debt securities subscriptions take effect?
instruments, including redeemable preference shares, municipal bonds, and securitized debt products. A. October 1, 2024
These changes, designed to safeguard the interests of retail investors, will be implemented beginning in B. November 1, 24
November 2024, thus requiring intermediaries to update their application protocols. Under the revised C. December 1, 2024
guidelines, RBIexpects more efficient D. January 1, 2025
fund blocking that enhances transaction speed and reduces the risk of errors or delays, contributing to a E. September 1, 2024
more secure investment environment. Answer: B
SEBI’s authority to make such amendments comes from the RBIAct, 1992, ensuring that the new
protocols align with national standards for market regulation. While investors may choose other
approved methods for larger applications, smaller transactions are expected to follow this updated
pathway, underscoring SEBI’s commitment to modernizing financial processes for the benefit of all
participants in the securities market.

Q5. What is the maximum subscription amount under which investors are required to use the designated
fund-blocking method?
A. ₹1 lakh
B. ₹2 lakh
C. ₹3 lakh
D. ₹4 lakh
E. ₹5 lakh
Answer: E

Q6. Which method must be used to block funds for certain debt securities subscriptions, as indicated by
SEBI?
A. Net Banking
B. ASBA
C. Cheque Payment
D. UPI
E. Direct Bank Transfer
Answer: D

Aryan's Grade B 14
(Direction: 9-12): Read the following Paragraph and answer the questions that follows. Q11. The banks mentioned in the passage primarily cater to which groups?
In 2014, the Reserve Bank of India introduced a new category of banks specifically designed to address A. Large corporations
the financial needs of underserved sections of society. These institutions were established to improve B. High-net-worth individuals
access to financial services in rural and semi-urban areas where traditional banking infrastructure is C. Small enterprises and lower-income households
limited. They are focused on providing support to small and marginalized sections, including micro and D. Government agencies
small enterprises, unorganized sector workers, and lower-income households, who often struggle to E. Foreign investors
access formal banking channels. Answer: C
These banks are required to provide credit and savings options tailored to the needs of individuals and
small businesses with limited resources. The primary goal of these institutions is to bridge the gap in Q12. In addition to providing financial services, these banks also contribute by:
financial access for communities that are typically excluded from mainstream banking services. Despite A. Reducing reliance on foreign investments
being smaller in scale compared to commercial banks, the objective of these banks is, however, not B. Promoting financial literacy among underserved communities
small. They play a vital role in connecting underserved regions to basic banking services and aim to C. Offering competitive interest rates to large corporations
make a significant impact on the financial landscape. D. Increasing automation in urban areas
Additionally, these institutions emphasize building strong relationships within local communities, E. Supporting only high-yield investments
contributing to reduced income disparity and fostering economic growth in areas lacking established Answer: B
financial networks. Through this model, they also support financial literacy, empowering clients to
manage their savings effectively and access affordable credit for personal or business use.

Q9. Identify the type of bank described in the passage.

A. Regional Rural Bank
B. Microfinance Bank
C. Cooperative Bank
D. Small Finance Bank
E. Payment Bank
Answer: D

Q10. What is the primary aim of the banks described in the passage?
A. Maximizing profit
B. Expanding international operations
C. Serving the financial needs of underserved populations
D. Investment banking services
E. Corporate financing
Answer: C

Aryan's Grade B 15
(Direction: 13-16): Read the following Paragraph and answer the questions that follows. Q15. As per the developed tool mentioned in the passage, how can companies measure the
The World Management Survey, developed by researchers including Raffaella Sadun, focuses on effectiveness of management practices?
analysing and enhancing management practices across various industries. Management practices, such A. By tracking financial growth quarterly
as performance tracking, goal setting, and employee incentivization, are fundamental for organizational B. Through a framework assessing operational efficiency and innovation
success. Studies show that well-managed companies experience greater productivity, yet many firms C. By recording employee turnover rates
fall short in implementing effective D. Using employee satisfaction surveys only
management practices. E. Evaluating customer feedback exclusively
One of the survey's tools allows organizations to measure the effectiveness of their management Answer: B
practices objectively, offering a comprehensive assessment framework. This tool uses specific indicators
that evaluate areas like operational efficiency, resource allocation, and innovation responsiveness. By Q16. Contrary to common assumptions about management practices, the passage suggests
regularly evaluating these metrics, organizations can gain insights into areas needing improvement. that effective implementation is:
However, introducing these practices can be challenging. Managers often hesitate to undertake A. costly yet sustainable without much oversight
extensive training due to concerns that new knowledge or processes may increase their workload or B. easily achievable with advanced technology
even diminish their roles through automation advancements. Despite these reservations, research C. more complicated than anticipated but manageable with the right approach
indicates that companies investing in management training and D. traditionally achievable without training or tools
improvements in workplace processes ultimately experience increased productivity and employee E. best suited for well-established organizations only
satisfaction. Answer: C
Contrary to the notion that management implementation is straightforward, establishing these
practices often requires considerable effort. Effective practices are “easy to pull” when applied with the
right tools and consistent training, fostering a culture that supports sustainable growth and operational
success. Organizations that adapt to these standards tend to outperform those that resist change.

Q13. Based on the passage, which type of practices are integral to organizational success?
A. Financial practices
B. Marketing practices
C. Management practices
D. Sales practices
E. Legal practices
Answer: C

Q14. Why might managers resist engaging in training programs, according to the passage?
A. Fear of being replaced by artificial intelligence
B. Concerns over increased workload and responsibilities
C. Preference for traditional management methods
D. Training programs are too costly.
E. Lack of availability of training resources
Answer: B

Aryan's Grade B 16
(Direction: 17-20): Read the following Paragraph and answer the questions that follows. Q18. Consequently, to tackle the environmental boundary breaches, what initiative was
In recent decades, Earth’s natural systems have shown signs of distress, with studies on planetary adopted?
boundaries underscoring how human activities impact ecological limits. Several boundaries, such as A. Sustainable Cities
those related to water, land, and pollution, have been stretched, indicating risks to the stability of B. Clean Water and Sanitation
ecosystems essential for life. These boundaries aim to set safe thresholds, allowing humanity to thrive C. Green Economy
without overwhelming Earth’s capacity to regenerate. However, industrial expansion, resource D. Circular Economy
extraction, and land use changes have accelerated, placing various ecosystems under significant strain. E. Agenda 2020
To manage these pressures, global frameworks have been introduced over time, starting with Answer: D
development-focused goals that emphasized poverty and health. The evolution of these frameworks has
led to comprehensive strategies addressing ecological issues alongside social and economic concerns. Q19. What preceded the Sustainable Development Goals (SDGs)?
Efforts like these have also influenced environmental initiatives worldwide, encouraging models that A. Millennium Development Goals (MDGs)
prioritize resource sustainability and waste reduction. B. Global Health Initiatives
These models include rethinking production and consumption cycles to promote long-term resilience C. Climate Action Framework
and ecological health. D. International Sustainable Charter
Efforts to maintain ecological balance must balance immediate needs with the planet's regenerative E. Green Economy Pact
capacities. In response, certain sectors focus on building more resilient urban infrastructures and Answer: A
improving water resource management to curb pollution impacts. Yet, while governments and
organizations promote sustainability, individual actions also play a role in supporting ecological goals and Q20. The goals of the Millennium Development Goals (MDGs) ranged from:
reducing ecological footprints. Cooperative global actions and technological advancements are pivotal, A. Halving global poverty to tackling HIV-related targets
with frameworks and sustainable models aiming to meet both current and future needs. B. Eradicating hunger to combating climate change
Organizations have called for integrated solutions that address interconnected issues across regional and C. Promoting economic equality to environmental conservation
global levels, given that ecological changes are rarely isolated. Climate resilience, biodiversity D. Increasing renewable energy access to reducing emissions
preservation, and innovative systems will be essential in mitigating risks as nations and industries strive E. Enhancing global infrastructure to digital innovation.
for responsible resource use. Without such efforts, ecosystems may face long-lasting changes with Answer: A
unpredictable outcomes, ultimately affecting communities and economies globally.

Q17. As per the cited report on planetary boundaries, humans have crossed the boundaries in which
sector?
A. Freshwater and environmental pollutants
B. Ocean acidification
C. Land and biomass degradation.
D. Atmospheric aerosol loading
E. Stratospheric ozone depletion
Answer: A

Aryan's Grade B 17
1 MARKER

Q21. In which of the following motivation theories is motivation determined by how much Q25. Who developed the Managerial Grid, a framework for analysing leadership styles?
the person values the outcome? A. Herzberg and McClelland
A. Goal-Setting Theory B. Blake and Mouton
B. Expectancy Theory C. Maslow and Alderfer
C. Equity Theory D. McGregor and Lewin
D. Maslow's Hierarchy of Needs E. Kotter and Bennis
E. Herzberg's Two-Factor Theory Answer: B
Answer: B
Q26. In which communication structure does a person communicate with one on either side, but not
Q22. What is the regulatory limit for investment in Small and Medium Real Estate with anyone else?
Investment Trusts (SM REITs)? A. Chain
A. ₹10 crore B. Star
B. ₹25 crore C. Circle
C. ₹40 crore D. Wheel
D. ₹50 crore E. Network
E. ₹75 crore Answer: C
Answer: D
Q27. Which management approach emphasizes managing transitions and guiding organizations
2024 Q23. What are the Ways and Means Advances (WMA) limit for the second half of the fiscal through change?
year 2024-25? A. Transformational Management
A. ₹10,000 crore B. Transitional Management
B. ₹30,000 crore C. Situational Management
C. ₹40,000 crore D. Adaptive Leadership
D. ₹50,000 crore E. Contingency Management
E. ₹1,00,000 crore Answer: B
Answer: D
Q28. How many secondary users can be delegated access in a UPI (Unified Payments Interface)
Q24. In the Johari Window model, which quadrant represents the part known to the circle?
individual but unknown to others? A. 2
A. Open B. 3
B. Blind C. 4
C. Hidden D. 5
D. Unknown E. 6
E. Shadow Answer: D
Answer: C

Aryan's Grade B 18
Q29. The settlement timeline for debt securities and non-convertible bonds was reduced from T+6 to DESCRIPTIVE
which of the following? (Q1-Q3)-600 words for 15 Marks
A. T+1 (Q4-Q6)-400 words for 10 Marks
B. T+2
C. T+3 1. Discuss the challenges of youth employment in India and suggest possible solutions. (India
D. T+4 Employment Report by the International Labour Organization (ILO))
E. T+5
Answer: C 2. Answer the following questions-
(a) Discuss the Five key digital initiatives introduced in the Union Budget and their
Q30. For Non-Banking Financial Companies (NBFCs), which risks are considered in the Capital to Risk potential impact on India's digital economy
(Weighted) Assets Ratio (CRAR) calculation? (b) Explain the transformational journey of the Digital India initiative
A. Credit risk only.
B. Market risk only 3. Explain the inherent conflict between sustainable development and economic growth, focusing
C. Operational risk only on the challenges posed by pursuing both simultaneously?
D. All three risks
E. Credit and Market risks. 4. Rural India needs to give priority to women-led development. Discuss
Answer: D
5. Explain the objectives and significance of the National Industrial Corridor Development
Programme in boosting India's industrial growth and infrastructure development?

6. Examine the pros and cons of implementing Artificial Intelligence (AI) in the banking sector?

Aryan's Grade B 19
English (Descriptive)

Aryan's Grade B 20
Q1. Write an Essay of about 600-620 words on any one of the following topics: (40
Marks)

Q1. Discuss what would be the social, economic and environmental impacts of
hosting Olympics for India.

Q2. How Climate change impacts global migration. Discuss impacts on countries from
which people emigrate and on countries to which they immigrate to.

Q3. Importance of mental health of employees in an organization. What steps can

organizations take to ensure wellbeing of employees.

Q4. “Anyone who stops learning is old, whether at twenty or eighty. Anyone who
keeps learning stays young. The greatest thing in life is to keep your mind young.”-
‘Henry Ford’. Elaborate…

Aryan's Grade B 21
Q.2 Make a precis based on the given passage in 180 – 200 words: - (30 Marks)

In the age of rapid technological advancement, artificial intelligence (AI) has become a transformative force Despite the advantages, there are significant challenges and ethical concerns surrounding the idea of
reshaping industry worldwide. One of the most fascinating developments is the concept of AI serving as the an AI CEO. One of the primary issues is accountability. In traditional corporate structures, the CEO is
Chief Executive Officer (CEO) of an organization. While this idea might seem futuristic, it is increasingly accountable to shareholders, boards, and regulatory bodies. However, with an AI CEO, it becomes
becoming a plausible reality, with AI systems evolving in complexity and capability. The prospect of an AI unclear who is to blame when things go wrong. Is it the AI's fault, the company that developed it, or
CEO brings a host of benefits, challenges, and ethical considerations that are worth exploring. the organization that deployed it? These questions pose complex legal and ethical dilemmas that
would require new frameworks and regulations.
An AI CEO could revolutionize the way companies operate. AI’s capability to process massive amounts of
data in real time would allow it to make decisions quickly and efficiently, free from human bias or fatigue. Another concern is the lack of human empathy and understanding in AI. While an AI CEO can analyse
Imagine an AI system that continuously analyzes market trends, monitors internal performance, and data and predict outcomes with accuracy, it lacks the human intuition and emotional intelligence
identifies opportunities or risks faster than any human could. Such capabilities could lead to optimized necessary for some aspects of leadership. For instance, managing a team of employees, negotiating
business strategies, improved financial outcomes, and heightened competitiveness. AI, as a CEO, would be with business partners, or responding to a public relations crisis requires a level of empathy and tact
driven by algorithms that prioritize efficiency, eliminating redundancies and ensuring every aspect of the that current AI technology cannot replicate. Human leaders can inspire and motivate people through
business operates at peak performance. emotional connections, something that an algorithm-driven entity may struggle to achieve.

Moreover, an AI CEO would be able to make unbiased, data-driven decisions that are not influenced by Moreover, AI-driven leadership may exacerbate inequality and unemployment. As AI becomes more
emotions, personal gain, or corporate politics—issues that often plague human leaders. Decisions on proficient in handling complex tasks traditionally performed by top executives, the displacement of
investments, mergers, and resource allocation could be made purely based on predictive analytics and human workers, including mid-level managers and decision-makers, could become a serious issue. The
historical data. This impartiality could result in a fairer and rise of AI CEOs could potentially accelerate the trend of
more transparent corporate environment, potentially increasing shareholder trust and improving automation, leaving many employees without opportunities for advancement or even
stakeholder relationships. employment.

Unlike human CEOs, AI does not need sleep, breaks, or vacations. An AI CEO would work around the clock, Rather than replacing human CEOs entirely, a more balanced approach could involve AI serving as an
ensuring that the organization is constantly monitored and managed. It could handle global operations advanced executive assistant. In this role, AI would provide human CEOs with data-driven insights,
seamlessly, adapting to different time zones and markets without delay. Such a presence would be predictive analytics, and strategic recommendations. The human leader would remain the face of the
invaluable in crisis situations, where immediate action is required. AI’s ability to react instantly and organization, making the final call and handling the interpersonal aspects of leadership. This hybrid
coordinate responses across all levels of the organization could minimize damage and ensure continuity. model would leverage the strengths of both human and AI
capabilities, maximizing efficiency while retaining the essential human touch in leadership.
Furthermore, AI’s scalability allows it to lead multiple organizations or manage expansive conglomerates
simultaneously, something a human CEO could never achieve. With access to the vast networks of cloud The concept of an AI CEO is no longer confined to the realm of science fiction; it is an emerging
computing, an AI system could execute millions of operations per second, tailoring strategies for each possibility as AI technology continues to advance. While the efficiency, scalability, and objectivity that
subsidiary or business unit without compromising the overall vision. This ability to scale efficiently might AI brings to the table are enticing, there are significant ethical, legal, and societal challenges that need
redefine the structure of large organizations, enabling them to become more agile and responsive to global to be addressed. The future might not see AI entirely replacing
changes. human leaders but rather collaborating with them, forming a new model of leadership that combines
the best of both worlds. As organizations continue to explore this potential, it is essential to develop
frameworks that ensure AI’s role in leadership remains ethical, transparent, and beneficial for all
stakeholders.

Aryan's Grade B 22
Q.3 Read the given passage and answer the questions that follow: - (30 Marks)

Customer Relationship Management (CRM) represents a sophisticated integration of technology, strategy, Moreover, CRM systems act as a critical linkage between various organizational departments,
and organizational processes aimed at enhancing the management of customer interactions across the ensuring that customer data is accessible and actionable across all units. This cross-functional
entire business spectrum. CRM systems are not merely technological tools; they embody a comprehensive integration promotes a culture of collaboration, wherein sales, marketing, and customer service
business philosophy designed to foster stronger, more personalized customer relationships. As the nexus of teams have a unified understanding of the customer’s journey and can coordinate efforts to deliver a
customer-centric operations, CRM systems provide a unified platform that centralizes customer data, tracks cohesive and consistent experience. For instance, when a customer logs a service issue, the
interactions, and facilitates communication across sales, marketing, and customer service departments. information is immediately accessible to the sales team, enabling them to adapt their approach and
This holistic approach enables organizations to maintain a 360-degree view of their customer base, thereby prevent potential dissatisfaction from escalating.
optimizing both customer experience and business outcomes.
The implementation of a CRM system, however, is not a one-size-fits-all solution and often depends
The primary function of a CRM system is to consolidate customer information from various touchpoints, on the scale, industry, and specific needs of the organization. Small and medium-sized enterprises
including emails, social media interactions, web activity, phone conversations, and face-to-face meetings. (SMEs) might opt for cloud-based CRM platforms due to their scalability, flexibility, and lower upfront
By compiling these data streams, CRM systems offer an integrated, real-time view of each customer's costs. These platforms, hosted on third-party servers, allow businesses to scale resources up or down
profile, encompassing their purchase history, preferences, service requests, and any previous interactions based on demand.
with the organization. A detailed customer repository not only assists sales teams in tailoring their The adoption of CRM systems also poses certain challenges. Transitioning to a CRM requires
strategies but also enables marketing departments to deploy targeted, data-driven campaigns, and organizational commitment and a shift in culture, as it involves re-engineering existing processes and
customer service teams to deliver prompt and efficient support. training employees to adapt to new technologies. Without proper training and support, employees
may resist change, leading to low adoption rates and suboptimal usage of the CRM’s capabilities.
CRM systems play a crucial role in streamlining and automating workflows within an organization. By Furthermore, selecting the wrong CRM platform, one that does not align with the company’s
automating routine tasks like data entry, lead management, and follow-up notifications, CRMs reduce strategic goals, can result in inefficiencies and a poor return on investment (ROI). Organizations must
manual effort and the potential for human error, enhancing productivity and operational efficiency. therefore conduct thorough needs assessments and strategic planning before investing in a CRM
Advanced CRM platforms also incorporate artificial intelligence (AI) and machine learning algorithms to solution.
provide predictive analytics and insights, allowing businesses to anticipate customer needs, forecast sales
trends, and optimize resource allocation. This transformation from reactive to proactive customer In summary, CRM systems have become indispensable tools in modern business operations, serving
engagement is essential in today’s highly competitive market landscape, where customer expectations are as the cornerstone for implementing customer-centric strategies. They provide the technological
continually evolving. infrastructure and data-driven insights necessary for organizations to build and maintain meaningful,
long-term customer relationships. By aligning technology, people, and
processes, CRM systems empower organizations to anticipate customer needs, enhance service
delivery, and drive sustainable business growth in a highly competitive market environment.
QUESTIONS
Q1. What is the primary function of a CRM system in an organization, and how does it benefit businesses?
Q2. How does CRM facilitate cross-departmental collaboration within an organization?
Q3. What are some key differences between cloud-based and on-premises CRM systems, and when might a
business choose one over the other?
Q4. What challenges might an organization face when implementing a CRM system?
Q5. How do advanced CRM systems leverage artificial intelligence (AI) to enhance business operations?

Aryan's Grade B 23