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# MANAGEMENT APTITUDE

TEST
AFTERSCHO☺OL
– DEVELOPING CHANGE MAKERS
CENTRE FOR SOCIAL ENTREPRENEURSHIP
PGPSE PROGRAMME –
World’ Most Comprehensive programme in social
entrepreneurship & spiritual entrepreneurship
OPEN FOR ALL FREE FOR ALL

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

MANAGEMENT APTITUDE
TEST
Dr. T.K. Jain.
AFTERSCHO☺OL
Centre for social entrepreneurship
Bikaner M: 9414430763
tkjainbkn@yahoo.co.in
www.afterschool.tk, www.afterschoool.tk
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
A person invested a certain, sum for five years
at the rate of r% per annum simple interest. If
he
had invested the same sum at the same rate
compounded half yearly for one year, he would
have received the same amount. Find the value
of r.
(1) 1000% (2) 1600%
(3) 800% (4) 500%,,

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution …
• Let us assume that the amount deposited
was Rs. 100.
• Try with options. 100 + 8000 = 8100 (at
16% per annum).
• 100 * 9 * 9 = 8100 (at 1600% )
• So answer is 1600% answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

A person invested Rs.20000 in abank which is
offering 10% per annum simple interest. After
two years he withdrew the money from the
bank and deposited the total amount in another
bank which gives an interest rate of r% pa.
compounded annually. After 2 years he
received an amount of Rs.2460 more than what
he had invested in that bank. Find the value of
r.
(1) 5 (2) 10 (3) 15 (4) 12

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• 20000 + simple interest = 24000
• This money was invested in another bank.
• Let us try with options:
• Try with 5%, we get interest of 2460.
Answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

A man borrowed Rs.55000 from two banks
under compound interest, compounded
annually. One
bank charged interest at the rate of 8% per
year
and the other bank at 12% per year. If at the
end
of the year the man paid Rs.4900 as the total
interest to the two banks, how much loan did he
take from the first bank?
(1) Rs.47500 (2) Rs.42500
(3) Rs.32500 (4) Rs.12500

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• Let us find the
average interest
rate:
• 4900/55000 * 100 =
8.9%
8 12
8.9
• The ratio is 31:9
• 31/40 * 55000
• = 42625 3.1 .9
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
What is the the present’ value of the
payments of
Rs.8400 to be received at the end of the first
year and Rs.8640 to be received at the end
of the second year, If compound interest at
20% p.a. is reckoned

• = 8400/1.2 + 8640/(1.2)^2
• =13000 answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Rearrange these
• that I became aware of how these tests were being
conducted.
• Although I had been aware for several months that great
difficulty was being experienced with the A-7D brake, it
was not until April 11, 1968,
• the brake ran out of lining material after a few stops had
been completed and the tests were terminated.
• During the first few attempts to qualify the brake to the
dynamic tests, almost a full year after qualification
testing had begun,
• Attempts were made to secure a lining material that
would hold up during the grueling fifty-one-stop test, but
to no avail.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• During the first few attempts to qualify the brake
to the dynamic tests, the brake ran out of lining
material after a few stops had been completed
and the tests were terminated. Attempts were
made to secure a lining material that would hold
up during the grueling fifty-one-stop test, but to
no avail. Although I had been aware for several
months that great difficulty was being
experienced with the A-7D brake, it was not until
April 11, 1968, almost a full year after
qualification testing had begun, that I became
aware of how these tests were being conducted.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Sanjay borrowed Rs.14000 at 10%
pa. He repaid Rs.8000 at the end of
the 1 year. What amount should he
pay at the end of the
next year to completely discharge
the loan, compound interest being
reckoned annually?
• Principal for 2nd year : 15400 – 8000=7400
• Interest on 7400 = 740. Thus total amount
payable = 8140 answer.
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
A shopkeeper defrauds both the dealer and the
customer by measuring the weights incorrectly.
When he is purchasing items from the dealer,
he takes 20% more than the indicated weight
and while selling he gives to the customer n
quantity, such that if 20% is added to it, the
indicated weight is obtained. If the price that the
shopkeeper charges his customer is the same
as what the dealer charges the Shopkeeper,
what is the shopkeeper’s profit percentage?
(1) 40% (2) 44% (3) 50% (4) 60%

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• Let us assume that the shopkeeper buys
100 kg @ 100. He gets 120 KG. for 100.
Now 120 kg will be sold as :
• 120 * 100/80 = 150. thus he obtains Rs.
100 @ 100 per kg. Thus he is earning
50% profit on cost. Answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

A salesman used to get a commission of 12%
on his total sates. A new policy is introduced
and he
now gets a fixed sum of Rs.4680 and 8%
commission on total sales made in excess of
Rs,16000 The salesman’s total sales for the
previous month exceeded Rs.16000 His total
sales for this month was the same as that of
last month and his revenue this month is
Rs.1000 more than that of Iastmonth. Find his
total sales (in Rs.) this month.
(1) 40000 ‘(2) 56000 (3) 60000 (4) 70000

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• Let us assume that his sale is X.
• .12X + 1000 = 4680 + .08(X-16000)
• .12X + 1000 = 4680 + .08X -1280
• .04X = 4680 – 2280
• X = 2400 / .04
• X = 60000 or the sale was of Rs. 60000.
Answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Merchant A sold an article after giving a 30%
discount. Merchant B sold the same article after
giving three successive discounts of 10% each.
Merchant C sold the same article after giving
successive discounts of 15%, 10% and 5%. If
the marked prices of the three merchants were
the
same, find the ascending order of their selling
prices.
(1) ACB (2) ABC
(3) BCA (4) BAC

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• Let the selling price be 100.
• Selling price by 1st seller = 70
• By 2nd seller = 100*.9*.9*.9 =72.9
• by 3rd seller = 100 *.85*.90*.95 = 72.67
• Thus correct order is ACB . Answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

The price of an item went up by 25% and a
family decided to reduce its consumption so
that the total expenditure would increase by
only 8% as compared to the previous
expenditure. If 25 kg of the item was
consumed previously, then how many kg of
the item should be consumed now?
(1) 25 kg (2) 20 kg (3) 22.4 kg (4) 21.6 kg

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• Let us assume that the earlier rate was
Rs. 100
• Total expenditure = 2500
• New rate = 125
• New consumption: 2500*1.08
• =2700
• Thus new consumption = 2700/125 = 21.6
kg. answer.
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Solve it ….
• A salesman used to get 8% on the total
sales as commission. Under a new policy
he now gets a fixed amount Rs.2000 and
5% commission on any amount of sales
above Rs.10000. The salesman thus got
Rs.540 more this month. What were his
total sales for this month?
• (1) Rs.20000 (2) Rs.26000
• (3) Rs.32000 (4) Rs.35000
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Solution
• Let us assume the the sales was of Rs. X.
• .08X +540 = 2000+ .05(X – 10000)
• .08X + 540 = 2000+.05X – 500
• .03X = 2000 – 500 – 540
• X = 960 / .03
• X = 32000 answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Find the length of a train running at
45 kmph which can cross a bridge
of length 250 m. in 38 seconds.

## • Convert speed into meters / seconds

• = 45*5/18 = 12.5 m per second
• Speed travelled in 38 seconds :
• 38 *12.5 = 475
• The distance of train is 475 – 250 = 225
answer.
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Find the time taken by a train of
length 100 m running at a Speed of
72 kmph to cross another train of
length 200 m running at a speed of
63 kmph in the same direction.
• Add the two lengths = 100 + 200 = 300
• Find the difference of speed = 72 – 63 = 9
• Convert speed into meters / seconds
• = 9 *5/18 = 2.5
• Divide length by speed = 300/2.5 = 120 seconds
or 2 minutes. Answer.
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Two trains running at 63 kmph and
45 kmph cross each other in 15
seconds, when they run in opposite
direction. When they run in the
same direction, a person from the
faster train observes that he
crossed the other train in 40
seconds. Find the lengths of
the two trains. - -

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Solution
• Let us add their speed
• 63 + 45 = 108 km per hour
• Convert it into m/s = 108*5/18 = 30 m./s
• In 15 seconds they will cover 15*30 = 450
meters. Thus their combined length is 450
meters. We cannot find the length of the
individual trains. Answer.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

ABOUT AFTERSCHO☺OL
Afterschoool conducts three year integrated PGPSE
(after class 12th along with IAS / CA / CS) and 18
month PGPSE (Post Graduate Programme in Social
Entrepreneurship) along with preparation for CS / CFP /
CFA /CMA / FRM. This course is also available online
also. It also conducts workshops on social
entrepreneurship in schools and colleges all over India –
start social entrepreneurship club in your institution
today with the help from afterschoool and help us in
developing society.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Why such a programme?
• To promote people to take up entrepreneurship
and help develop the society
• To enable people to take up franchising and
other such options to start a business / social
development project
• To enable people to take up social development
as their mission
• To enable people to promote spirituality and
positive thinking in the world

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Who are our supporters?
• Afterschoolians, our past beneficiaries,
entrepreneurs and social entrepreneurs
are supporting us.
• You can also support us – not necessarily
by money – but by being promotor of our
concept and our ideas.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

About AFTERSCHO☺OL PGPSE – the
best programme for developing great
entrepreneurs
• Most flexible, adaptive but rigorous programme
• Available in distance learning mode
• Case study focused- latest cases
• Industry oriented practical curriculum
• Designed to make you entrepreneurs – not just
an employee
• Option to take up part time job – so earn while
you learn
• The only absolutely free course on internet
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Workshops from
AFTERSCHO☺OL
• IIF, Delhi
• CIPS, Jaipur
• ICSI Hyderabad Branch
• Gyan Vihar, Jaipur
• Apex Institute of Management, Jaipur
• Aravali Institute of Management, Jodhpur
• Xavier Institute of Management, Bhubaneshwar
• Pacific Institute, Udaipur
• Engineering College, Hyderabad

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Flexible Specialisations:
• Spiritualising business and society
• Rural development and transformation
• HRD and Education, Social Development
• NGO and voluntary work
• Investment analysis,microfinance and inclusion
• Retail sector, BPO, KPO
• Accounting & Information system (with CA / CS /CMA)
• Hospital management and Health care
• Hospitality sector and culture and heritage
• Other sectors of high growth, high technology and social
relevance

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Salient features:
• The only programme of its kind (in the whole world)
• No publicity and low profile course
• For those who want to achieve success in life – not just a
degree
• Flexible – you may stay for a month and continue the rest of
the education by distance mode. / you may attend weekend
classes
• Scholarships for those from poor economic background
• Latest and constantly changing curriculum – keeping pace
with the time
• Placement for those who are interested
• Admissions open throughout the year
• Latest and most advanced technologies, books and study
material

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Components
• Pedagogy curriculum and approach based on IIM Ahmedabad and ISB
Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad)
• Meditation, spiritualisation, and self development
• EsGotitial softwares for business
• Business plan, Research projects
• Participation in conferences / seminars
• Workshops on leadership, team building etc.
• Written submissions of research projects/articles / papers
• Interview of entrepreneurs, writing biographies of entrepreneurs
• Editing of journals / newsletters
• Consultancy / research projects
• Assignments, communication skill workshops
• Participation in conferences and seminars
• Group discussions, mock interviews, self development diaryng
• Mind Power Training & writing workshop (by Dr. T.K.Jain)

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Pedagogy
• Case analysis,
• Articles from Harvard Business Review
• Quiz, seminars, workshops, games,
• Visits to entrepreneurs and industrial visits
• PreGotitations, Latest audio-visuals
• Group discussions and group projects
• Periodic self assessment
• Mentoring and counselling
• Study exchange programme (with institutions out of
India)
• Rural development / Social welfare projects
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
Branches
• AFTERSCHO☺OL will shortly open its
branches in important cities in India
including Delhi, Kota, Mumbai, Gurgaon
and other important cities.
Afterschooolians will be responsible for
managing and developing these branches
– and for promoting social entrepreneurs.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Case Studies
• We want to write case studies on social
entrepreneurs, first generation
entrepreneurs, ethical entrepreneurs.
Please help us in this process. Help us to
be in touch with entrepreneurs, so that we
may develop entrepreneurs.

## www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Basic values at AFTERSCHO☺OL
• Share to learn more
• Interact to develop yourself
• Fear is your worst enemy
• Make mistakes to learn
• Study & discuss in a group
• Criticism is the healthy route to mutual support
and help
• Ask fundamental questions : why, when, how &
where?
• Embrace change – and compete with yourself
only
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www.afterschoool.tk
social entrepreneurship for better
society