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Answer questions on the basis of information given in the following case.
MBA entrance examination comprises two types of problems: formula - based problems and application - based problem. From the analysis of past data, Interesting School of Management (ISM) observes that students good at solving application - based problems are entrepreneurial in nature. Coaching institutes for MBA entrance exams train them to spot formula - based problems and answer them correctly, so as to obtain the required overall cut - off percentile. Thus students, in general, shy away from application - based problem and even those with entrepreneurial mind - set target formula - based problems.
Half of a mark is deducted for every wrong answer.
ISM wants more students with entrepreneurial mind - set in the next batch. To achieve this, ISM is considering following proposals:
I. Preparing a question paper of two parts, Parts A and Part B of duration of one hour each. Part A and Part B would consist of formula - based problems and application - based problems, respectively. After taking away Part A, Part B would be distributed. The qualifying cut - off percentile would be calculated on the combined scores of two parts.
II. Preparing a question paper comprising Part A and Part B. While Part A would comprise formula - based problems, Part B would comprise application - based problems, each having a separate qualifying cut - off percentile.
III. Assigning one mark for formula - based problems and two marks for application based problems as an incentive for attempting application - based problems.
IV. Allotting one mark for formula - based problems and three marks for application - based problem, without mentioning this is the question paper.
Which of the following proposal (or combination of proposals) is likely to identify students with best entrepreneurial mind - set?
I doesn't help because we cannot calculate the sectional cutoff and cannot identify the students with the best entrepreneurial mindset. II helps calculate sectional cutoffs and further helps identify the required students. III encourages students to attempt application-based questions as they carry high weightage. IV doesn't help because if students don't know, they start solving formulae-based questions as usual.
The answer is option D.
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