The Indian Institute of Foreign Trade in Delhi administers the IIFT exam to candidates seeking admission to the MBA-International Business program. The entrance exam is more challenging than other MBA entrance exams. It would be best to start your IIFT entrance exam preparation early and thoroughly. The NTA will probably administer the IIFT Exam in December. Consequently, it's time to prepare for the IIFT 2023 admission test.

Students who want to ensure their future by enrolling in one of the most famous schools in the nation, IIFT, have severe concerns about how to prepare for IIFT 2023. Only 1200–1400 students from all fields are selected among the almost 75,000 students who take the IIFT exam each year.

The main differences between the IIFT exam's format and the CAT exam's are the addition of a fourth part called "General Awareness" and the absence of a sectional time restriction. However, the IIFT 2023 will include sectional cut-offs like the CAT. Applicants must clearly define their preparation philosophy to increase their chances of passing the IIFT in 2023.

IIFT Subjects

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Section-by-Section Preparation Advice for the IIFT Exam

Candidates must give each section of the IIFT 2023 exam equal attention to fully prepare. The objective should first reach the sectional cut-off and take advantage of it.

Quantitative Analysis

You must use time management skills to the best of your ability because this portion relies on calculations. You'll receive a mix of complex and simple questions; focus on the simple ones and aim to pass your segment. Don't try to answer any questions you believe you can't answer correctly. Concentrate on Algebra, Arithmetic, and Geometry when preparing for the IIFT exam.

Build a solid foundation: Establishing a solid foundation is the first and most crucial stage in preparing for quantitative ability. Study basic geometry, algebra, and math from eighth through tenth grade to develop your conceptual foundation. NCERT textbooks

To save time and improve accuracy, learn several approaches to problem-solving: There are several methods for answering QA questions. Pick the strategy that helps you grasp it and manage your time the best. The conventional answer method can be simple but takes time and effort. Instead, test the accuracy of your mental scale of computation by learning other strategies and repeating the problems while using the new strategy.

Practice, practice, practice: Focus most of your attention on simple arithmetic chapters that can be solved using the unitary method, such as percentages, profit and loss, ratio and percentages, simple and compound interest, time and work, arithmetic progressions, permutations and combinations, probability, logarithms, etc. This would cover more than 80% of the material in your IIFT QA syllabus. Focus on algebra after finishing these chapters, then go on to chapters on fundamental geometry.

Avoid trick questions; the QA section may make or break your percentile. The test would include a few covertly misleading questions designed to undermine students' self-assurance and prevent the development of their abilities. IIFT is a test for aptitude screening. Make sure you frequently practice so you can recognise and disregard tricky queries.

Avoid utilising approximation or trial-and-error methods to solve problems: By no circumstances does the term "shortcut" imply that a candidate relies on educated guesswork. But you can learn to take sensible risks with a lot of work. Therefore, commit to working through at least 50 daily tasks based on alternative notions.

Data Interpretation and Logical Reasoning

Because it typically entails computation-intensive activities, the DI portion of the IIFT test is sometimes challenging. The LR portion, on the other hand, is simple and open. Practice line charts, combination charts, family trees, data tables, pie charts, bar graphs, and complex data situations.

Start with the Basics: Since the DILR component of the IIFT exam is the most difficult, you should concentrate on developing your conceptual understanding. Start with Missing Information in Data Interpretation and Arrangements in Logical Reasoning. Referring to your study materials or internet video courses might help you create concepts. Once you've grasped the ideas, take a topic sample exam to check your comprehension. All you need to do to pass this portion is to take mock exams after each course to gauge your mental toughness.

Build the reasoning: Learn to answer questions on important subjects, including Venn diagrams, games and competitions, coding-decoding, blood relations, direction sense, and quantitative reasoning. You would benefit from practising these subjects because of their logical simplicity. Problem-solving becomes simple if you understand the reason behind the query.

Be precise in your interpretations: Since DILR considers questions that use tables, graphs, and charts, be precise in interpreting the accurate statistics shown in the table, chart, graph, or frequency diagram.

Work on maintaining your problem-solving pace when tackling DILR problems. This is crucial for students. The final test requires you to complete 30 DILR problems in 40 minutes, which puts you in a difficult situation if you do not start working on your speed immediately. Give each question a specified amount of time to be solved, and if you go over that time restriction, go on to the next one.

Remember to focus on accuracy: Concentrating on accuracy just as much as you do on speed is essential. Questions that appear time-consuming to you should be avoided. There is a 100% possibility that you can answer more than half of the questions relating to that issue if you have comprehended the principles correctly. Some questions are designated trick questions to divert the student's focus. Let it go and go on to the next question if you quickly answered 10 questions before becoming stuck on one.

Keep a formula checklist handy: Learn decimal conversions, squares, cubes, and tables up to the age of 30, along with the values of the letters of the alphabet, cardinal directions, and other crucial formulae, and record them in a notebook. This repetition will improve your ability to recognise and correctly solve simple sets and provide you with a basic understanding of how to answer any issue.

Reading comprehension and verbal ability

The IIFT exam's Reading Comprehension part often has simple, factual questions, although para jumbles might include challenging ones. The portion on vocabulary is simple. You must first master Norman Lewis to succeed in this section. To avoid unpleasant shocks in this area of IIFT 2022, practice prolonged RCs.

General Awareness & Knowledge

Current events (both domestic and international) and business news are the subjects of this section's questions. Only try the questions if you find them challenging because the cut-off for this section is still low. Avoid using negative markings at any cost. Review recent developments, particularly business developments, during the past six months. Do some static GK study.

Highlights of IIFT preparation:

• Ensure you answer the bare minimum number of questions in each part to clear the sectional cut-off to perform well on the IIFT test.
• Although there is no sectoral time restriction, the IIFT examination takes less time than other MBA admissions exams. In 120 minutes, you must respond to more than 100 inquiries.
• Effective time management is crucial for success because it will take around a minute to answer each question on the IIFT test.
• The IIFT test uses negative grading; thus, choosing the right questions is essential for a good score.
• In contrast to the CAT, the Data Interpretation component of the IIFT exam is typically the most challenging.
• The IIFT test's VARC section is frequently superficial, while the GK section has more questions on current events than about static GK.