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Online CAT : will it be tougher ?

August 25th, 2009 | 9 Comments | Posted in MBA Exams Information, Useful Links

Cracking one of the toughest entrance tests — the Common Admission Test (CAT) — for entry to seven Indian Institute of Management(IIMs) was never easy.

For the first time, CAT will go online and with just 100 days for CAT 2009, aspirants are preparing hard at coaching centres, trying out various types of question paper patterns.

But how are students preparing to face CAT? What are the difficulties they are encountering?

According to coaching centres that TOI spoke to, students are finding it a tad tough with the online version, as opposed to the paper-based one.

“Many candidates told us that they were finding it difficult to stare continuously at the monitor for over two hours,” pointed out Arindam Lahiri, director (academics) with Career Launcher.

TIME regional director Ajay Arora revealed that candidates could face `computer fatigue’. “According to IIMs, the online test will be user-friendly and the pattern will remain the same, which will be advantageous for students,” Arora said.

With paper-based test, candidates could give the entire paper a once-over and then decide which section to tackle first. But a preliminary scan of the paper before solving it may be difficult with the online version, at least during the mock tests.

Anchana C, a working professional, said she has no problems making the transition from paper to computer. “During mock tests, we were given models — one section after the other and tabbed, where all sections are presented on different windows. You can alternate from one window to the next. Questions are hyperlinked, so you can go directly to the question you want to attempt,” she explained.

Coaching centres are providing question papers with different patterns. “We are giving papers with all types of patterns so that whatever pattern appears, students are ready,” said Ajay of TIME.

Another observation the trainers made is that reading graphs and passages in the Reading Comprehension (RC) section is difficult in the online mode. Unlike with paper, candidates can’t put any marking on the graph. Earlier, students could also mark difficult sentences in RC, which is now not possible.

“The RC section may pose a problem. Grasping power is higher on paper and reading long passages online will be tough. Plus, in DI and Quant and geometry sections, transferring calculations to drawings will be an issue,” said Anchana.

An IIM-B official said details of the exam pattern will be posted on the website. “Information on the nature of the online test and how it will be conducted will be posted in September first week,” said IIM-B professor Eshwar Murthy.

Source: The Times of India

Cracking one of the toughest entrance tests — the Common Admission Test (CAT) — for entry to seven Indian Institute of Management
(IIMs) was never easy.
For the first time, CAT will go online and with just 100 days for CAT 2009, aspirants are preparing hard at coaching centres, trying out various types of question paper patterns.
But how are students preparing to face CAT? What are the difficulties they are encountering?
According to coaching centres that TOI spoke to, students are finding it a tad tough with the online version, as opposed to the paper-based one.
“Many candidates told us that they were finding it difficult to stare continuously at the monitor for over two hours,” pointed out Arindam Lahiri, director (academics) with Career Launcher.
TIME regional director Ajay Arora revealed that candidates could face `computer fatigue’. “According to IIMs, the online test will be user-friendly and the pattern will remain the same, which will be advantageous for students,” Arora said.
With paper-based test, candidates could give the entire paper a once-over and then decide which section to tackle first. But a preliminary scan of the paper before solving it may be difficult with the online version, at least during the mock tests.
Anchana C, a working professional, said she has no problems making the transition from paper to computer. “During mock tests, we were given models — one section after the other and tabbed, where all sections are presented on different windows. You can alternate from one window to the next. Questions are hyperlinked, so you can go directly to the question you want to attempt,” she explained.
Coaching centres are providing question papers with different patterns. “We are giving papers with all types of patterns so that whatever pattern appears, students are ready,” said Ajay of TIME.
Another observation the trainers made is that reading graphs and passages in the Reading Comprehension (RC) section is difficult in the online mode. Unlike with paper, candidates can’t put any marking on the graph. Earlier, students could also mark difficult sentences in RC, which is now not possible.
“The RC section may pose a problem. Grasping power is higher on paper and reading long passages online will be tough. Plus, in DI and Quant and geometry sections, transferring calculations to drawings will be an issue,” said Anchana.
An IIM-B official said details of the exam pattern will be posted on the website. “Information on the nature of the online test and how it will be conducted will be posted in September first week,” said IIM-B professor Eshw
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CAT 2009 Updates – Very Important

August 18th, 2009 | 3 Comments | Posted in MBA Exams Information, Useful Links

Given below are very important updates posted by IIM Ahmedabad as FAQs. CAT will be held during the period Saturday, 28 November 2009 to Monday, 7 December 2009. Sale of vouchers starts on Wednesday, 9 September 2009 at designated bank branches and their associate outlets. The sale ends on Thursday, 1 October 2009. Online registration for CAT 2009 will also begin on Wednesday, 9 September 2009 and end on Thursday, 1 October 2009.

Q1: When is the advertisement for CAT 2009 going to appear?

A1: CAT Advertisement will appear in leading newspapers on Sunday, 30 August 2009.

Q2: Once the advertisement appears, is one expected to buy CAT bulletin from designated banks?

A2: No. One does not have to buy a bulky CAT bulletin. We want to go paperless. A prospective candidate buys a scratch-voucher from the designated bank branches, and, later registers online for CAT 2009.

Q3: When does the sale of voucher start and end?

A3: Sale of vouchers starts on Wednesday, 9 September 2009 at designated bank branches and their associate outlets. The sale ends on Thursday, 1 October 2009.

Q4: When and how do I register for CAT 2009 after buying the voucher?

A4: Online registration for CAT 2009 will also begin on Wednesday, 9 September 2009 and end on Thursday, 1 October 2009. Instructions on access to online registration will be given in the voucher, and, detailed registration instructions will be on the CAT website.

Q5: When will CAT be held and can I choose a test date?

A5: CAT will be held during the period Saturday, 28 November 2009 – Monday, 7 December 2009. Yes, you can choose a test date, session (morning/afternoon), and venue across thirty centres (cities) all over India, subject to availability.

Q6: Can you give more details on taking test in a CBT format?

A6: Starting Sunday, 30 August 2009, CAT website (www.catiim.in) will provide all the details.

Source : http://www.iimahd.ernet.in/download/FAQ_6_August_2009.pdf

This information is also sent by FireUp to it’s SMS channel. To subscribe SMS “ON FIREUPCAT” to 09870807070.

For any further information feel free to mail us at info@fireup.co.in

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CAT 2009 will not be a Computer Adaptive Test

FireUp prepares you for the exact test format of CAT as clarified by IIM Ahmadabad.

CAT 2009: Frequently Asked Questions (1 July 2009)

Q1: I hear that CAT will be held online. Is that correct?

A1: CAT is going to be a computer based test (CBT) and not internet based test (IBT). I.e. Candidate does not take the test on an internet site. Instead of reading the questions in a paper booklet and darkening the ovals on the answer-sheet, a candidate will read the questions on a computer terminal and choose an answer by clicking on the correct option.

Q2: I hear that CAT will be a computer adaptive test. Is that correct?

A2: No, CAT is not going to be a computer adaptive test.

Q3: Will the format of the test change?

A3: The format of the test will remain more or less the same except that a candidate reads question on a computer terminal and clicks on the correct answer.

Q4: Can I take the test from any computer?

A4: No. A candidate will take the test only at designated test venues in about 25 cities across India. Detailed information will be provided in the CAT 2009 advertisement.

Q5: But how do I do rough-work and calculations while arriving at the answers?

A5: At the test venue, each candidate will be seated at a desk with a computer terminal and he/she will be provided with a writing pad with numbered pages for calculations. After the test, candidate must leave the pad including all the pages in it at the desk. Rough-work cannot be done on any other paper/sheet as nothing will be allowed to be taken inside the test hall.

Q6: Can you give more details on taking test in a CBT format?

A6: We will be giving more details at a later stage.

Q7: But when is the CAT 2009 advertisement going to appear in newspapers?

A7: Advertisement for CAT 2009 will appear during the later part of August 2009.

Q8: How much is the test fee for CAT 2009 and how do I pay?

A8: Candidate Testing Fee is Rs. 1400 (Rs. 700 for SC/ST candidates). A prospective candidate buys a CAT 2009 Voucher from designated locations/bank branches after advertisement appears in newspapers. Sufficient time will be given for purchasing the voucher. More details will be available on our websites after the advertisement appears in newspapers.

Q9: How do I register for CAT 2009?

A9. The Voucher bought by the candidate gives instructions on how to register for CAT 2009. At this time, it would suffice to say that candidates are expected visit CAT website to register for CAT 2009. Sufficient amount of time will be given to register online. More details will be given in the advertisement and the voucher.

Q10: How do I get my admit card for the test?

A10: After you fill-in, review, and submit the registration information during online registration, you will receive an email containing your Admit Card.

Q11. Does that mean I need to have an E-mail account?

A11. Yes, you must have a valid E-mail account throughout the selection process.

Q12: What do I need to bring at the time of test?

A12: You must bring the printed copy of the admit card, one picture ID, and any other ID not necessarily with a picture. Do not bring any other material and personal belongings with you, for no personal belongings and materials will be allowed in test-hall. More details will be provided later.

Q13: Can you please tell me when will the CAT 2009 be conducted?

A13: CAT 2009 will be conducted during a ten-day window starting at the end of November 2009. Exact dates will be mentioned in the advertisement.

Q14: Can I take CAT more than once during the testing window?

A14: No, a candidate can register to take test only once during the CAT 2009 testing window. Admit cards and picture ids of the candidates will be checked, and candidate pictures and biometric information will also be captured at the test venue.

Q15: When are CAT 2009 result expected to be declared?

A15: CAT 2009 results are expected to be declared by the end of January 2010. Exact date of result declaration will be informed at a later stage.

Q16: When will we get more updates?

A16: Any important developments may be posted on IIM sites and CAT website about a month later.

Click here for the source

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FireUp is the brain child of an IIM alumni

July 22nd, 2009 | 1 Comment | Posted in CAT Tips and Tricks, Fireup Launch, Useful Links

FireUp is the brain child of an IIM alumni Mr.Vineet Patawari, who has followed his heart to make a paradigm shift in the entire education system and brought www.fireup.co.in into existence. It started as an online portal and soon earned the honour of the “Most comprehensive CAT coaching portal” on the web. Keeping track with its incipient popularity, FireUp is moving towards wider horizons with activities in offline front as well considering the fact that unavailability of resources like Computer and internet connection may restrict some young aspirants from online preparation.

The online portal www.fireup.co.in tops the high value services list currently provided by team Fire Up . A user friendly site aimed at the ignition of inner spark of all the CAT aspirants. Uses of AJAX,PHP,WEB 2 colours and Applications makes it a highly technical one. Rich and meticulous content, Online Test series, Interactive Games, sectional tests on each module, and details of user performance analysis surely make the site unique.

Encouraged by the success of the startup venture, Mr. Patawari decided not to restrict the ambit of FireUp only within the CAT coaching. He decided to empower young students with faster calculation techniques and magical mathematical tricks that is in use since the age of “Veda”. Today FireUp organizes “Vedic MathsSeminars” under it’s own brand in premium schools and colleges of India.

FireUp’s “Soft Skill Builder” is one of the most interesting and awaited upcoming venture which is aimed at not only improving the Soft skills of the student , but also designed to make them accustomed to Real time Group Discussion, Extempore, Role Play and other soft skills builder techniques.

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Definition of Financial Terms

July 3rd, 2009 | 4 Comments | Posted in CAT Tips and Tricks, Useful Links

Financial Terminology is very important for MBA aspirants.As future managers you are expected to know the meanings of terms related to finance, accounts, economics, etc. irrespective of the stream of education you belong to.

These definitions could really help you in your interviews.

WORD

MEANING

A group shares

Stocks having very high liquidity.

Company having large equity base and large public holding.

Company having consistantly good performance over the years

Alpha factor

Concept which measures the inherent volatility of share.A share with alpha factor of 1.5 is slated to rise in prise by 50% in a year on its inherent strength,such as growth in eps,regardless of the behavior of the market.

Asset management Account

An account which has both broking and banking facilities. It allows debit or credit card, automatic transfer of excess funds into a money management account and margin loans also called central assets account.

B1 GROUP SHARES

Shares having high liquidity

Company having an equity above Rs.30million

Company having fundamentals and financial parameters in line with the industry.

B2 GROUP SHARES

Shares having low trading volume at the EXCHANGES indicating low investor intrest

Shares trading below par value(face value)

Company having an equity below Rs.30million

Company’s shares being not widely held

Company having surveillance measure initiated against it by the EXCHANGES for suspected price manipulations.

Barren money

Money that is not currently earning interest.

BLACK KNIGHT

An unwelcome takeover bidder

Bull Spread

An option strategy designed to profit from a rise in security’s price by buying a near month futures contract and selling a deferred month futures contract.

CIRCUIT BREAKER

a system to curb excesive speculation in the stock market,applied by the stock exchange.when the index spurts or plunges more than a % decided by the authorities,then the trading is then suspended for some time to let the market cool.

Cold money

Money which flows in a country for long term as capital and is generally invested in assets.

Delta shares

The least liquid shares of stock market.

Disinflation

Decrease in the rate of inflation. Should not be confused with deflation which is decrease in the prices.In disinflation prices keep increasing but at a lower rate.

ECU(European currency unit)

A basket of european community memners’ currencies which served as the unit of account for the community members before ‘Euro’ was introduced. European exchange rate mechanism attempted to minimise the fluctuation between members’ currencies and common currency.

Face amount certificate

A debt security where the debt holder agrees to make payment periodically to the issuer and the issuer agrees to pay the face value at maturity. Mutual fund issuing this type of security is called a face amount certificate company.

Fiat Money

Money which is issued without being backed with any tangible asset such as gold, silver etc. The issuing Govt decrees that the money is legal. Value of fiat money depends totally on confidence and expectation of the economy.

Front money

The cash used to start a business

GAMMA STOCKS

shares of small companies which are traded infrequently

GREEN SHOE OPTION

A provision in an agreement with the underwriters of an issue which states that in event of exceptional investor interest the issuer will authorise additional share for distribution.

Hot money

In finance, hot money refers to funds which flow in a country to take advantage of favourable interest rates.They influnce the balance of payments and exchange rate of a country. They are highly volatile and are shifted to another market as interest rates change.They were the largely responsible for currency crisis in Mexico and Asia during 1990s. In crime world they refer to stolen currency that can be easily tracked to crime such as marked bills or new currency with consecutive serial numbers.

Hyperinflation

As evident from term, extremely rapid or out of control inflation. German hyperinflation from Jan’1922 to Nov’1923 is the most famous example when prices rose by a factor of 20billion.

Institutional Fund

A mutual fund that targets pension funds, endowments, and other high net worth entities and individuals.Institutional funds usually have lower operating costs and higher minimum investments than retail

K-Ratio

Developed by Lars Kestner, this one examines the consistency of of an equity’s return over time. Data for the ratio is derived from value added monthly index(VAMI)

Kondratieff’s long-wave cycle (K-cycle).

A wave/cycle analysis of an economy’s performance. It predicts and analyses the performance of any economy viz boom, depression, bounce etc over a period of 50-54 years

LAY OFF

Selling off unsubscribed portions of a rights offer by the issuer to the underwriter at the offer price.

Logistics

This term originated in a military context, referring to how personnel acquire, transport and store supplies and equipment. In the business community, the term is used to refer to how resources are acquired, transported and stored along the supply chain. By having an efficient supply chain and proper logistical procedures, a company can cut costs and increase efficiency.

Love money

Seed money or capital money given by family or friends to an entrepreneur to start a business.

M1 money supply(also called NARROW MONEY)

One measure of the money supply that includes all coins, currency held by the public, traveler’s checks, checking account balances, NOW accounts, automatic transfer service accounts, and balances in credit unions.

M2 money supply(also called BROAD MONEY)

One measure of the money supply that includes M1, plus savings and small time deposits, overnight repos at commercial banks, and non-institutional money market accounts. A key economic indicator used to forecast inflation, since it is not as narrow as M1 and still relatively easy to track. All the components of M2 are very liquid, and the non-cash components can be converted into cash very easily.

M3 money supply

One measure of the money supply that includes M2, plus large time deposits, repos of maturity greater than one day at commercial banks, and institutional money market accounts.

Mom and Pop

An adjective denoting a small scale and a family like atmosphere, often used to describe these types of businesses and investors.

Near money

Highly liquid assets which are not cash but can easily be converted into cash, such as bank deposits and Treasury Bills. similar to cash equivalents.

NEER( Nominal Effective Exchange Rate)

It is the weighted average of a currency’s value against a number of currencies in the basket. Weights being the value of trade with the relevant country.

Open Repo

Repo which can be terminated by either party at any time, and which has an unspecified repurchase date.

Overnite Repo

A repo with a term of one day.

REER( Real Efective Exchange Rate)

It is the weighted average of a currency’s value against a number of currencies in the basket adjusted with inflation. Weights being the value of trade with the relevent country.

Reflation

An economic policy whereby a Govt uses fiscal or monetary action(reducing tax rates, changing money supply and interest rates in order to expand a country’s output.

Repo

A contract in which the seller of securities, such as Treasury Bills, agrees to buy them back at a specified time and price. also called repurchase agreement or buyback.

Reverse Merger

The acquisition of a public company by a private company, allowing the private company to bypass the usually lengthy and complex process of going public.

Reverse repo

A purchase of securities with an agreement to resell them at a higher price at a specific future date. This is essentially just a loan of the security at a specific rate. also called reverse repurchase agreement.

Smart money

Experienced investors and traders, who tend to spot trends and find investment opportunities before everyone else.

Term Repo

A repo with a term of more than one day.

Turnkey Project

A situation where the high level management of a firm is in charge of the planning and execution of all business strategy. The client, who buys a franchise or part of the business, only has to “turn the key” for the operation to start.e.g. Franchise Business. ADD TO THIS………

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FireUp CAT-MAT Classes

June 24th, 2009 | No Comments | Posted in Useful Links

COURSE DETAILS

  • Course Theme: CAT 2009 and CAT 2010 (additional preparation for XAT, FMS, SNAP, JMET)

COURSE STRUCTURE

  • Classroom coaching by IIM/IIT alumni
  • Study Material (books, handouts and access complete online course) will be provided.
  • Online Course + Online Test Series (INR. 8000/-) included in the course for free.
  • Sessions for complete training on GD/PI is also provided with practical experience through mock GD/PIs


COURSE CORDINATOR

Prof. Vineet Patawari

  • · B.Com (H), ACA, PGDM (IIM Indore)
  • · Management Faculty at St.Xavier’s College, Kolkata
  • · MD & Founder CEO – Fireup.co.in (Complete online CAT preparatory website)

CLASSROOM TIMINGS – classes starting from 6th July, 2009 (Monday)

3 days in a week

  1. 1. Saturday 4.30 PM to 6.30 PM
  2. 2. Wednesday 4.30 PM to 6.30 PM
  3. 3. Sunday or Monday 4.30 PM to 6.30 PM

MOCK CATS AND PRACTICE TESTS
25 Full Length All India Mock CATs (15 online, 10 paper based) with percentile score and detailed analysis session.

More than 100 sectional and practice test (Online + Paper Based)

SPECIAL DISCOUNT

  • · For students who register and pay the entire course fees before 6th July, special discount of 10% will be provided.
  • · Attractive Group Discounts also available

CONTACT US

Call Us @ 9830264971/ 40046740

Mail us at info@fireup.co.in

Address: AB-12, Sector- I, Salt Lake, Kolkata- 64

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Online CAT 2009 – Decoded

June 12th, 2009 | 1 Comment | Posted in MBA Exams Information, Useful Links

The nationwide admission examination for management institutes and the most coveted IIMs, Common Admission Test (CAT) is undergoing a major change in its format. The Indian Institute of Management (IIMs) have decided to change their 33 year old saga of pen – paper examination format with a computer based examination. This has resulted in a kind of phobia in the mind of the aspirants. It is expected that about 3 lakh candidates will appear for CAT 2009. The change in the format has left the candidates wondering what CAT 2009 will be like.

The management experts have a different say. They believe that the aspirants should stop worrying and start studying. It has been confirmed by IIM Calcutta director, Mr. Sekhar Chaudhuri that this time in CAT 2009 the candidates will have to reach their respective CAT center and take the test by looking at the questions on a computer screen and then key the answers into the terminal. Sources also reveal that the test will not be computer adaptive. In a computer adaptive test the computer adapts to the examinee’s performance and changes difficulty level of the next question. In CAT 2009 the candidate can look into the entire question paper on the computer screen and then begin answering any question they like. The examinees will not have to be connected to the internet for appearing the test.

There are many hidden advantages of this format. The candidates can select a day from the ten day frame. This has an added advantage in the suburbs where the CAT was difficult to conduct earlier. The foremost advantage of using this format is to reduce the human intervention in the examination. This would minimize errors and would make the system fast and accurate. It would reduce the participation of faculties of IIMs into the mechanical process of paper checking which facilitates their involvement in research work.

The disadvantage lies in the fact that people who are unfamiliar to computer terminal may find the test difficult.

The aspirants are advised to get used to computer interface. Reading a lot on computer terminal will help. Taking computer based examination provided by coaching centers like www.fireup.co.in, which provides online facilities, will help. Students must note down that with the change in technologies occurring worldwide there will changes in the examination also but the fundamentals always remain the same. So before anything get your basics reviewed and then take as many online tests as possible.

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Fire Up is starting its Classroom CAT Preparation

April 30th, 2009 | 1 Comment | Posted in MBA Exams Information, Useful Links

Course Details:

1) Course Theme: FireUp’s CAT 2009, FireUp’s CAT 2010

2) Additional preparation for XAT, FMS, SNAP, JMET included

3) Only institute to provide online course facility with the classroom coaching to prepare student for the online CAT. The Course includes more than 30 online mock CATs and Test Series.

4) Complete guidance for Group Discussion and Personal Interview.

5) Highly experienced faculty members and IIM alumni will train you in the entire course

6) Batches (timings) to suit working people and students.

7) An IIM ALUMNUS initiative

Contact Details:

Contact Number: 9830264971,03340046740

Address: AB-12, Sector I

Salt Lake City

Kolkata –700064

Classes will start from June, 2009. So hurry and register your name for the course.

For more details visit http://www.fireup.co.in or you can call us @ 9830264971/03340046740.

www.fireup.co.in is a path-breaking attempt of an IIM alumnus, Mr. Vineet Patawari to help the preparation of getting into your dream B-School by making the journey simpler and yet exciting through its online CAT Preparatory Program and a lot of other value added services. We were online but now to add to your benefit we have moved offline. We are providing offline assistance to the aspirants to help them bell the CAT and other competitive examinations easily.

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