First of all congratulation to do clear IIFT entrance exam , on your demand I am telling about its GD section and some personal interview question which can be asked in this section :

Group Discussion
Average Duration : 40 mins.
No. of Panelists : 2
No. of Participants : 12

Wiki leaks is a bad form of investigative journalism.
Media hype of violence leads to increase in crime rate
Working women create an imbalance in the society
Direct Cash Transfer a game changer or gimmick
India vs Bharat, reality or perception

Appropriate age for adulthood is 18, 21 or 25 years?
Indian youth is intellectually good but physically weak
FDI outflow from India
Should recruiters favor MBAs over non MBAs?
Targeted vs Universal Food Security in India

Personal Interview:-

1)Tell us about yourself.
2)You are from electrical background, presently working with software…how do you justify?
3) So, you dont regret anything?
4) Given a chance to shift to another vertical in your company?
5) Why international business? (told them about my entrepreneurship plans)
6) Do you know any person who has done an international MBA and was successful as an entrepreneur.
7) But Tata and birla dint have MBA. So, for entrepreneurship, MBA is not essential. Do you agree with me? (I agreed with him and told them I want to cut short the time period )
Bill gates became the richest person at a very young age. Why not you?
9) What exactly is foreign exchange reserve? What does it signify?
10) How do we obtain it?
11) How does India earn dollars then?
12) So, India- does it import more or export more?
13) What are the top 2 sectors of imports for india?