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IIFT Analysis

A collection of questions from previous years papers at IIFT SET-I 1. Who completed the work of Qutab Minar? Ans. Iltutmish 2. Who was associated with the construction of Golden Temple? Ans. Guru Ramdas 3. GE's technology center in Bangalore is named after whom? Ans: Jack Welch 4. Which newspaper was started by Pandit Jawaharlal Nehru? Ans. National Herald 5. The Parliament of state legislature can declare a seat vacant if a member is absent without permission for……. Ans. 120 days. 6. “Spoil yourself” is associated with ……. ? Ans. Indigo 7. President of Nasscom is…… Ans. Mr. Kiran Karik 8. Which Afro-Asian games were held at Hyderabad in 2003? 9. Arthur Anderson was the auditor of which of these companies? Ans.- Enron 10. Who is the Chairman of Britannia Industries? Ans. Mr. Nusli Wadia 11. The Chief Economist and Director Research at the IMF is….. Ans. Mr. Raghuram Rajan SET-II 1. Where is the Head Quarters of European Central Bank is located at? Ans. Frankfurt 2. Which of the following person is the present Chairperson of Reliance? Ans. Mukesh Ambani 3. Which is the only country in the world, which has a convergence bill for telecom and media? Ans. India 4. According to the latest release by Tourism ministry Delhi topped foreign tourist arrivals among the Indian states. Which among the following states was number 1 in terms of domestic tourists arrival? (1) Uttar Pradesh (2) Andhra Pradesh (3) Maharashtra (4) Karnataka Ans.(2) 5. Which of the following gas is used in the decorative lights? Ans. Neon 6. What is the Strait between Srilanka and India is called? Ans. Adam’s Bridge 7. From which of the following city the ‘Morning Star’ newspaper is published? Ans. London 8. The Tata group consists of how many companies? Ans. 96 9. Which country is the largest producer of Tin in the world? Ans. Bolivia 10. What does TRIPS stands for? Ans. Trade related Intellectual Property Rights 11. Who coined the term USP ? Ans. Jack Trout 12. What does EPZ stands for? Ans. Export Processing Zone 13. Which was the first product manufactured by Sony? Ans. Rice cooker 14. Ranbaxy calls it 'Caverta', what is it popularly known as? Ans. Viagra 15. Tatas have taken over which PSU? Ans. VSNL Page (4) of (17)

IIFT Analysis

16. Which country's PM receives the highest salary in terms of dollars? Ans. Japan 17. Who is the lowest paid CEO in the world? Ans. Steve Jobs, Apple computers, $1 annually 18. The word ‘Knesset’ is relates to which of the following country? Ans. Israel 19. Which is the suffix used for a German Company? Ans. -leich 20. Which is the oldest public sector bank in India? Ans. Allahabad Bank 21. Which popular car audio system company's name when translated to German means" blue

point"? Ans. Blaupunkt 22. Indian kids channel Hungama.com has been acquired, for a reported sum of $30 mn, by (1) Walt Disney (2) Viacom (3) Bloomberg (4) B Sky B Ans.(1) 23. What is the value of 20°C in Fahrenheit? Ans. 48F 24. Who is the chairman of Telecom Regulatory Authority of India? Ans. Nripendra Misra 25. Match the following states with their capitals: (1) Uttranchal - A. Kohima (2) Andhra Pradesh - B. Shillong (3) Nagaland - C. Dehradoon (4) Meghalaya - D. Hyderabad Ans. 1 – C, 2 – D, 3 – A, 4 – B 26. Coffee store chain, Barnie’s, recently entered the Indian market with plans to invest close to Rs. 75 crore to open 300 stores across the country in the next five year. It belongs to (1) Canada (2) USA (3) UK (4) Italy Ans.(2) 27. ‘Imagine Cup’, an international competition for young technologists is organised by global IT giant (1) SAP (2) Oracle (3) Microsoft (4) Macromedia Ans.(3) 28. India’s chief negotiator at WTO is …….? Ans. Gopal K Pillai Page (5) of (17)

IIFT Analysis

SET-III 1. Which country has the highest rating in HDI. Ans. Norway 2. Who acted in the role of Harry Potter? Ans. Daniel Radcliffe 3. Why does an egg floats on salt water? Ans. Because it is less Dense than salt water 4. What is Certiorari writ in Courts? Ans. Certiorari is the legal term in ‘Roman, English and American Law referring to a type of Writ seeking judicial review’. 5. Which of the following has been rated as the No.1 country in World Economic Forum (Finland, US, Canada, Denmark) Ans. Denmark 6. When does Euro becomes finally applicable in Europe? Ans. 22nd May 2001. 7. Who founded e-bay.com? Ans. San Jose 8. Who was awarded the Indira Gandhi Peace Award? (2006) Ans. Javed Aktar 9. Which is the No.1 Fortune 500 Company? Ans. Exxon Mobile 10. The only Indian company in Fortune 500 companies has a rank of ..... Ans. IOC-153, RIL-342, BPCL-368, HPCL-378, ONGC-402, SBI-498 11. Which is the world's first mobile virus? Ans. Cabir 12. India's Rank in HDI is .......(115, 132, 105, 126) Ans. 126

13. Most admired Company in top 1000 (Microsoft, GE, GM, Cadbury) Ans. GE 14. Who is the current President of NASSCOM? Ans. Mr. Kiran Karnik 15. Which is not a member of the European Union (Switzerland, Portugal, Spain, Germany) Ans. Switzerland Page (6) of (17)

IIFT Analysis

Sample GK questions for your reference (Questions specifically on foreign trade, WTO, and international business) 1. Identify the INCORRECT statement about GATT. (1) India was among the 23 original signatories of GATT. (2) GATT too was constituted at the Bretton Woods conference along with the IMF and World Bank. (3) After GATT was set up in 1947, there was a series of negotiating rounds culminating in Uruguay round, finally signed at Marrakech. (4) None of the above. 2. What does TRIMS stand for? (1) Trade Related International Movements (both goods and services). (2) Trade in Resources, which are Internationally Mobilized. (3) Trade Related Investment Measures. (4) Trade Rising in International Markets. 3. Ministerial Conference (the apex decision making body) of WTO is held every two years. The last one held at …… (1) Cancun (2) Singapore (3) Hong Kong (4) Doha 4. The following has NOT been a venue of WTO ministerial conference till now. (1) Singapore (2) Geneva (3) Seattle (4) New York 5. The classification of subsides in different boxes of amber, blue and green, at WTO is done in the area of: (1) Agriculture (2) Textiles (3) Pharmaceuticals (4) Services 6. Which one of the following issues was NOT an impediment at Cancun? (1) Agriculture reforms (2) Dispute settlement (3) Competition issue (4) Transparency issue 7. The country’s first corporatised port is at: (1) Ennore (2) Vishakhapatnam (3) Cochin (4) Mormugao Page (7) of (17)

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8. ‘National treatment’ provisions under the WTO implies (1) treating one’s different trading partners equally. (2) equal treatment for foreign and domestic goods and services once the foreign goods have entered domestic market. (3) treating one’s trading partner preferentially than domestic traders. (4) giving special treatment to goods and services produced in domestic market. 9. Which is the world’s biggest exporting nation? (1) Japan (2) USA (3) Germany

(4) China 10. The last country to join WTO on October 13, 2004 is (1) Cambodia (2) Brazil (3) Botswana (4) Chad 11. Which of the following became the first company to cross the 50 million subscriber mark in mobile phone services? (1) Reliance Communications (2) Vodafone (3) BSNL (4) Bharti Airtel 12. Which of the following Countries is not a member of WTO? (1) Brazil (2) Pakistan (3) China (4) Russia 13. A complaint in WTO is processed at: (1) The GATT – Bretton woods standing committee (2) The trade policy review body (3) The dispute settlement body (4) The General Council 14. Iran, Iraq and North Korea (President Bush’s axis of evil), (1) are permanent WTO members. (2) have observer status in WTO. (3) have been imposed sanctions and boycotted by WTO. (4) have no formal association with WTO. 15. EPCG starts for (1) Excise protection of Capital goods (2) Export promotion Capital goods (3) Earnings provided by Capital goods (4) Excelling in performance through capital goods Page (8) of (17)

IIFT Analysis

16. ‘Cairns Group’ is a group of countries that accounts for more than 20% of global exports of: (1) Wildlife (2) Agriculture (3) Textiles (4) Jems and Jwellery 17. India’s major competitor in exporting tea worldwide is (1) Sri Lanka (2) Thailand (3) Russia (4) Myanmar 18. Japan, Australia and China have imposed bans on fruits, like Mangoes and Grapes, from India on account of presence of fruit flies. This would come under (1) tariff barriers (2) sanitary and phytosanitary measures (3) dumping (4) non trade barrier 19. The Apex body regulating foreign trade in India is (1) Federation of India Export Organisation (FIEO) (2) Export Promotion Council, India (3) Exim Bank (4) Ministry of Foreign Trade 20. The US corporation which acquired the basmati patent: (1) Monsanto (2) Rice tech (3) DuPont (4) Dow 21. A specifically delineated duty free enclave, deemed to be a foreign territory, for the

purposes of trade operations of duties and tariffs is known as SEZ. It stands for (1) Special Economic Zone (2) Special Export Zone (3) Specifically Export Zone (4) Specific Economic Zone 22. Which of the following has tied up with lifestyle design company Giorgio Armani for the design of its portable devices recently? (1) Samsung (2) Sony (3) Nokia (4) LG 23. Which of the following sells its automotive batteries at shops branded ‘Powerzone’? (1) Standard Furukawa (2) Amara Raja (3) Exide Industries (4) Tata Auto-components Company (TACO) Page (9) of (17)

IIFT Analysis

24. Which of the statements is NOT correct, in reference to the trends in Indian exports, over the past 10 years? (1) The share of manufactured goods in total exports has increased. (2) Exports in petroleum products have declined sharply. (3) India’s exports to Asia and Oceania, Africa, America and Latin American countries have seen an upward trend. (4) India’s exports to West Europe have plummeted. 25. A currency that has a continuing high level of demand, relative to supply, in the market of foreign exchange is often called as (1) soft currency (2) hard currency (3) cold currency (4) hot currency 26. India has a share of .67% of world exports, whereas China’s share is (1) 2% (2) 3.9% (3) 5% (4) 4.2% 27. In the centre state financial relations in India, Gadgil formula is used in: (1) division of tax revenues. (2) formulating the policy for fresh borrowings. (3) writing off state’s indebt ness to the center. (4) allocating central plan assistance between states. 28. ‘Non tariff’ barriers imply (1) regulations relating to environment, health and safety (EHS) to restrict international trade. (2) imposing high duties on imported goods. (3) applying physical barriers and check points to prevent inflow of foreign goods. (4) None of the above 29. The ‘Theory of Comparative Advantage’ in Economics is related to (1) Welfare Economics (2) Managerial Economics (3) International Economics (4) Micro Economics 30. WTO is often criticized for being anti democratic. But the fact most contrary to it, is that (1) dispute resolution is achieved at the WTO by consensus. (2) all views can be expressed at ‘People Forum’ just outside WTO, HQ in Geneva. (3) there are substantial elected officials at WTO.

(4) every one, of the 148 members, has a veto over changing rules. Page (10) of (17)

IIFT Analysis

31. The vast expansion of international trade, in the second half of the 20th century, owed much to (1) a new method of shipping goods in containers. (2) the opening up of Brazil, South America’s largest market. (3) Change in the economic rationale of new economists, who encouraged international trade. (4) Industrial revolution. 32. The tariff, imposed on imports to offset the impact of subsidy given by government in the country of origin of commodity, is known as: (1) Anti dumping duty (2) Customs duty (3) Countervailing duty (4) Ad Valorem duty 33. The stocks of commodities held by the countries or international organizations to moderate the price fluctuations are called: (1) Contingency stocks (2) Buffer stocks (3) Shock absorbing stocks (4) Emergency stocks 34. The difference in value over a period of time of a country’s imports and exports of merchandise is known as: (1) Balance of Trade (2) Balance of Payment (3) Export import balance (4) Trade gap 35. ‘Dollar drain’ implies: (1) Sharp devaluation of dollar, thus value of dollar going down the drain. (2) a situation when country’s imports from USA exceed its export to USA, resulting in dollar reserves plummeting. (3) fake US dollars flooding financial markets. (4) None of the above 36. Tarapore Committee is associated with: (1) select markets and thrust products. (2) implementation of SEZs. (3) utilizing the burgeoning forex reserves. (4) capital account convertibility. 37. Which of these has brands like CellOne for its mobile services, Bfone for fixed line telephone and Tarang for CDMA-based WLL limited mobility phones? (1) Reliance Communications (2) MTNL (3) BSNL (4) Bharti Airtel Page (11) of (17)

IIFT Analysis

38. Which of the following countries is NOT a member of the regional grouping ASEAN? (1) Singapore (2) Brunei (3) Thailand (4) China 39. Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) does NOT have following country as its member. (1) Bangladesh (2) Nepal (3) Sri Lanka (4) Thailand 40. A small country that is economically dependent on a single export commodity and is

typically governed by a dictator or armed forces is known as (1) Banana Republic (2) Eggs in Single Basket Republic (3) Weather Republic (4) Crutches Republic 41. Which advertising agency devised the campaign for the change of brand name Hutch to Vodafone recently? (1) Rediffusion DYR (2) Ogilvy & Mather (3) J Walter Thompson (4) McCann Ericsson 42. Tripitakas are the sacred books of: (1) Jainism (2) Buddhism (3) Hinduism (4) Shaivism 43. The Great Bath of the Indus Valley Civilization was discovered in: (1) Harappa (2) Lothal (3) Mohenjodaro (4) Ropar 44. Buland Darwaza, built by Akbar, is to commemorate the victory of (1) Orrisa (2) Bengal (3) Delhi (4) Gujrat 45. The latest Global Information Technology Report ranks India (1) 40th (2) 50th (3) 14th (4) 15th 46. Which company recently launched a premium prêt denim line in the Indian fashion arena, co–branding it with John Abraham? (1) Killer (2) Wrangler (3) Lee Copper (4) Milky Way 47. Which company is planning to launch a multi–purpose vehicle called “Ingenio”? (1) Mahindra and Mahindra (2) Maruti Udyog (3) Eicher Motors (4) Isuzu Motors Page (12) of (17)

IIFT Analysis

48. The well–known confectionary brand “Nutrine” has been acquired by (1) Cadbury (2) Modern Foods (3) Godrej Beverages and Foods (4) Perfetti 49. Which company joined hands with Nasscom (National Association of Software and Service Companies) and Tata Teleservices for developing 65 village resource centres to provide valuable information in education, healthcare and agriculture through wireless connectivity to residents of nine coastal States? (1) Computer Associates (2) CISCO (3) Qualcomm (4) Motorola 50. Pick out the incorrect pair. (1) Rajat Gupta – McKinsey and Company (2) Arun Sarin – Vodafone (3) Arun Netravali – Bell Labs (4) Rajesh Hukku – IBM 51. ONGC Videsh Limited (OVL) has recently won a joint bid to acquire Omimex De Columbia, a Columbian oil firm, in partnership with: (1) Rosnfet (2) Sinopec (3) Malaysian Oil Bhd (4) Reliance Petrochemical

52. With the presence in 27 countries.... which company is called "three oceans"? (1) Sanyo (2) Microsoft (3) Sun Microsys (4) Nokia 53. Which country is famous for Lego? (1) Australia (2) Denmark (3) Czechoslovakia (4) India 54. Which auto major's head quarter is known as four cylinder tower? (1) Toyota (2) Mahindra (3) BMW (4) Ford 55. "Bata" shoes originated in which country: (1) Czechoslovakia (2) India (3) Korea (4) USA 56. Which former Indian test cricketer is the representative of Musco lighting in India? (1) Sachin Tendulkar (2) Kapil Dev (3) Ravi Shastri (4) Mohinder Amarnath Page (13) of (17)

IIFT Analysis

57. Zzapi Nercor is the mascot of which Indian pizza company? (1) Pizza Corner (2) Pizza Hut (3) Spicy Pizza (4) None of these 58. Top Gear is the retail outlet of which Indian company? (1) HP (2) BP (3) IOC (4) NACL 59. Which search engine was first named Architext and created by a group of Stanford University grads? (1) MSN (2) Search (3) Excite (4) Dot Com 60. What is the name of ‘Tainwala Chemicals' mosquito repellant brand? (1) Good Night (2) Moon Light (3) All Out (4) Casper 61. Which company is the official ice-cream supplier to Wimbledon? (1) Wall's (2) Vadilal (3) Amul (4) None of these 62. Which was the first insurance company in India to start a 24 hour call centre? (1) LIC (2) Reliance General Insurance (3) Tata AIG (4) HDFC 63. Rasik Dhariwal is the owner of which Gutkha company? (1) Baba (2) Manikchand (3) Panparag (4) Manikram 64. Which Indian retail chain was started by former Carona employee B.S Nagesh? (1) Shopper's Stop (2) Big Bazar (3) Landmark (4) Westside 65. Which company was first founded and registered in Delaware, US as Quantum Computer Services? (1) LOA (2) AOL (3) Oracle (4) Microsoft 66. MAT expands to ….. (1) Medium Advisory Tax (2) Minimum Accounted Tax

(3) Minimum Automated Tax (4) Minimum Alternate Tax 67. Which of the following represents the expansion of ‘T’ in ‘TIN’? (1) Trade (2) Tax (3) Transmission (4) Total Page (14) of (17)

IIFT Analysis

68. Awaz is the Hindi business news channel that belongs to the stable of … (1) NDTV (2) CNBC TV 18 (3) Zee News (4) Sony TV 69. ‘Make your own road’ is the catchphrase that you would associate with…. (1) Chevrolet Tavera (2) ata Safari (3) Tata Sumo (4) Ford Endeavor 70. The maximum revenue to the government comes from…. (1) Service tax (2) Custom duty (3) Excise duty (4) Income tax 71. Identify the indirect tax from the given options. (1) Wealth Tax (2) Gift Tax (3) Sales Tax (4) Corporation Tax 72. Which of the following represents the expansion of ‘R’ in RFID? (1) Regional (2) Radio (3) Recorded (4) Reliance 73. This bank, in collaboration with NGOs, launched the ’social card’ for those people who want to contribute to the welfare of the society but either do not have time to do so or do not know which because they would like to support. Can you identify the name of the bank in question from the given options? (1) Canara Bank (2) SBI (3) Punjab National Bank (4) Bank of India 74. Which of these became the first cellular service provider in India to launch a call filter service countrywide that would allow subscribers to filter incoming calls by blocking specific numbers recently? (1) Reliance Communications (2) Vodafone (3) BSNL (4) Bharti Airtel 75. The year in which the World Bank was incorporated in the UN system was…. (1) 1994 (2) 1946 (3) 1947 (4) 1949 76. Which of the following personalities is the author of ‘Jeh: A Life of JRD Tata’? (1) RM Lala (2) BK Dadabhoy (3) Dwijendra Tripathi (4) BK Karanjia 77. Identify the incorrect match. Automobile company Car Model (1) Fiat Automobiles Panda (2) Skoda Automobiles Fabia (3) Honda Automobiles Civic (4) All of them are matched properly Page (15) of (17)

IIFT Analysis

78. Where was Motorola’s sixth global design centre, its first in India, launched? (1) Bangalore (2) Chennai (3) Delhi (4) Pune 79. Which insurance company runs a credit card business in a joint venture with GE Money and Corporation Bank? (1) Life Insurance Corporation (LIC) (2) Bajaj Allianz

(3) Birla Sun Life (4) Aviva Life Insurance 80. Which promoter family sold off its stake in India Cements in 2007? (1) Murugappa (2) Sankar (3) Srinivasan (4) Iyengar 81. Prannoy Roy’s “NDTV MetroNation” is the first city specific English language channel that was launched in _____ recently. (1) Delhi (2) Chennai (3) Mumbai (4) Bangalore 82. What is the DTH service launched recently by Chennai based Sun TV Group called? (1) Sun Sky (2) Sun Satellite (3) Sun Network (4) Sun Direct 83. Which entertainment channel launched a nationwide hunt for India’s first space tourist? (1) Zee Café (2) Zone Reality (3) Bindass (4) Zee 84. BigStreet is the out-of-home (OOH) advertising venture of ___________ (1) Reliance Anil Dhirubhai Ambani Group (ADAG) (2) Mudra (3) Nimbus (4) Sahara India 85. Which is the first magazine from Condé Nast, world’s leading publisher of lifestyle and fashion magazines, launched in India? (1) Vogue (2) Glamour (3) Condé Nast Traveller (4) Vanity Fair 86. Where would you find your deltoid muscle? (1) Big muscle on the shoulder (2) Big muscle on the feet (3) Big muscle on the thyroid (4) Big muscle on the elbow Page (16) of (17)

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87. American police have SWAT teams, what do the initials stand for? (1) Special Weapons & Tactics (2) Specialized Weapons & Tactics (3) Specialized Warriors & Technique (4) None of these 88. Which public sector oil refining major launched a pilot project to build cinema halls at its highways fuel stations in Gujarat and tied up with Cinemata, a film distribution unit of SET? (1) IOC (2) BPCL (3) HPCL (4) IBP 89. Which of these acquired the acquisition of polyester and textile manufacturing assets of the Malaysia-based Hualon Corporation? (1) Tata Chemicals (2) Aditya Birla Nuvo (3) Reliance Industries Ltd (4) Arvind Mills 90. Which of these owns the Star Bazaar hypermarket brand in India? (1) Trent (2) Future Group (3) Shopper’s Stop (4) Reliance Retail 91. Rural retail chain, Hariyali Kisaan Bazaar, is owned by________

(1) DCM Shriram (2) ITC Agro (3) Mahindra & Mahindra (4) Chambal Fertilsers 92. Which famous European company was founded by cousins of Communist ideologue Karl Marx? (1) Siemens (2) Philips (3) Bayer (4) Volkswagen 93. Which acid gives nettles their sting? (1) Formic acid (2) Acetic acid (3) Carbonic acid (4) Sulphuric acid 94. For their discovery of what did Watson, Crick and Evans win the 1962 Nobel Prize for medicine? (1) WBC (2) RNA (3) DNA (4) Genes 95. ‘Air Wick’ is the air freshener brand from: (1) Reckitt Benckiser (2) Godrej Sara Lee (3) Marico Industries (4) Hindustan Unilever Page (17) of (17)

IIFT Analysis

96. Which was the album the Beatles recorded the last time together? (1) Abbey Road (2) Any Road (3) Every thing for you (4) Hard days night 97. Who painted the ceiling of the Sistine Chapel? (1) Leonardo da Vinci (2) Michelangelo (3) MF Hussain (4) None of these 98. What is the sport in which you could get into a headlock? (1) Wrestling (2) Rugby (3) Baseball (4) Boxing 99. Which business family owns the world’s oldest active sailing ship, ‘The Foundroyant’ which started its life in Mumbai in 1817? (1) Wadia (2) Tata (3) Godrej (4) Bajaj 100. Which is the country where reggae music originated? (1) Barbados (2) USA (3) Russia (4) Jamaica

Answers Key Answers Key

1.(4) 2.(3) 3.(3) 4.(4) 5.(1) 6.(2) 7.(1) 8.(2) 9.(2) 10.(1) 11.(4) 12.(4) 13.(3) 14.(4) 15.(2) 16.(2) 17.(1) 18.(2) 19.(1) 21.(1) 22.(4) 23.(2) 24.(2) 25.(2) 26.(2) 27.(4) 28.(1) 29.(1) 31.(1) 32.(3) 33.(2) 34.(1) 35.(2) 36.(4) 37.(3) 38.(4) 39.(2) 41.(2) 42.(2) 43.(3) 44.(4) 45.(1) 46.(2) 47.(1) 48.(3) 49.(3) 51.(2) 52.(1) 53.(2) 54.(3) 55.(1) 56.(2) 57.(1) 58.(3) 59.(3) 61.(1) 62.(3) 63.(2) 64.(1) 65.(2) 66.(4) 67.(2) 68.(2) 69.(2) 71.(3) 72.(2) 73.(2) 74.(2) 75.(3) 76.(2) 77.(4) 78.(1) 79.(1) 81.(1) 82.(4) 83.(3) 84.(1) 85.(1) 86.(1) 87.(1) 88.(2) 89.(3) 91.(1) 92.(2) 93.(1) 94.(3) 95.(2) 96.(1) 97.(2) 98.(1) 99.(1)

20.(2) 30.(4) 40.(1) 50.(4) 60.(4) 70.(3) 80.(2) 90.(1) 100.(4)