AICTE Goofs Up CMAT Trial test

Published On: 15 Dec 2011

 | Last Updated On: 07 Jan 2012

With B-schools objecting to CMAT (Common Management Admission Test) and AICTE stuck on conducting CMAT, the least that was expected out of AICTE was to commit such a major blunder in the CMAT trial test. AICTE’s official website - www.aicte-cmat.in announced that online CMAT trial tests will be available from December 12, Monday. However, no CMAT test was available online even after 2 days. Only on December 14, the trial test became functional for the students.

Minglebox accessed the CMAT trial test on December 15, 12:30 p.m. and found out that none of the questions were related to the defined sections of the test, namely General Knowledge (GK), Logical Reasoning (LR), Data Interpretation (DI), Verbal and Quantitative Ability (QA). The CMAT trial test consisted of 10 questions and surprisingly all 10 questions were based on corporate finance.  

APTECH is executing the CMAT Trial Test and the blunder seems to be made at their end but AICTE officials have to be equally blamed since they did not even bother to check whether the right test has been put by APTECH or not.

It’s been almost a day but no one from AICTE seems to notice this issue. The students who wanted to get an idea about the CMAT question paper pattern and took the test suffered the most since the trial test was not based on any section of CMAT.

Please find the questions of the CMAT trial test mentioned below:-

1. What is the underlying of an equity warrant?
a.BOND
b.FUTURE
c.INDEX
d.EQUITY

2. What is the default spot lag for an equity warrant?
a.3
b.4
c.1
d.2

3. What is conversion ratio?
a.No. of underlying/No. of warrants
b.No. of underlying/Issue amount
c.No. of warrants/No. of underlying
d.No. of warrants/Issue amount

4. What is the settlement mode for a warrant?
a.Physical
b.Bank
c.Cash
d.Delivery

5.If the exchange is Luxembourg, country is LU; currency is USD, what will be the warrant short-name?
a.CUS
b.ISIN
c.SEDOL
d.CUSIP

6. What is the name of the financial regulator in the Cayman Islands?
a.Financial Services Commission of the Cayman Islands
b.Cayman Islands Government Portfolio of Finance &Economics
c.Cayman Islands Monetary Authority
d.Cayman Islands Financial Reporting Authority

7. 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

a.C and D only
b.A, B and D only
c.A and B only
d.All of the above

8. Which of the following are schedule 3 countries?
A.Canada
B.USA
C.Brazil
D.Jamaica
E.Russia

a.A, B & D only
b.A, C & D only
c.A, B & C only
d.All of the above

9. Which of the following are equivalent jurisdictions?
    
A.Canada
B.USA
C.Nigeria
D.UK
E.Ecuador

a.A, B & C only
b.A, C & D only
c.A, B & D only
d.All of the above

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

a.The Financial Regulator of Ireland
b.Financial Services Authority of Ireland
c.Office of the Revenue Commissioners
d.Central Bank of Ireland

The wrong test is still available on this link CMAT Trial Test and no one still seems bothered to correct the same.

It’s about time for AICTE to wake up as future of numerous students taking the CMAT exam is now at stake.






 

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