business awareness quiz

According to World Bank's latest report India is now the world's ________wealthiest nation?

(A) Fourth(B) Eighth(C) Twelfth(D) Sixteenth

Ans: [C] Twelfth

Which among the following companies launched its super luxury hot wheels: 'Gallardo' and 'Murcielago'in India?

(A) Audi(B) Rolls Royce(C) Lamborghini(D) Porsche

Ans: (C) Lamborghini

Isuzu Motors Ltd, Japan's largest maker of light trucks has decided to start making buses in India in2007 in association with:

(A) TELCO(B) Ashok Leyland(C) Swaraj Mazda(D) Mahindra and Mahindra

Ans: [C] Swaraj Mazda

In an attempt to enhance the quality of customer service and strengthen the grievance redressal mechanism, the Reserve Bank of India has constituted a new department Customer Service Department (CSD). Which of the following is not among the key responsibilities of the department?

(A) Dissemination of instructions or information relating to customer service.

(B) Grievance redressal by banks and the RBI.(C) Administering the Banking Ombudsman (BO)

scheme and act as a nodal department for the Banking codes and Standards Board of India (BCSBI).

(D) All of the above

Ans: [D] All of the above

The new ICC president David Morgan belongs to which among the following countries?

(A) England(B) South Africa(C) Australia(D) New Zealand

Ans: (A) England

Which among the following countries has the maximum amount of external debt?

(A) USA(B) Mexico(C) Brazil(D) Japan

Ans: (A) USA

Tata Sky is a satellite television company in India, formed through a joint venture between the Tata Group and-

(A) Star TV(B) Eurospace(C) Sky Italia(D) ISRO

Ans: (A) Star TV

'Eco Mark' is given to the Indian products that are:

(A) pure and unadulterated(B) rich in protein(C) economically viable(D) environment-friendly

Ans: (D) environment-friendly

The indicator of economic prosperity is:

(A) increase in gross national product at current prices(B) increase in net national product at current prices(C) increase in gross national product at fixed prices(D) increase in net national product at fixed prices

Ans: (C) increase in gross national product at fixed prices

Cairn Energy, which is exploring oil in Rajasthan, belongs to:

(A) Ireland(B) Scotland(C) Norway(D) Sweden

Ans: (B) Scotland

The youngest ever Indian to achieve a Grandmaster norm in Chess is:

(A) Sahaj Grover(B) Saina Nehwal(C) Parimarjan Negi(D) D Harika

Ans: (C) Parimarjan Negi

Which among the following is not a wholly owned subsidiary of Reserve Bank of India?

(A) National Housing Bank(B) National Bank of Agriculture and Rural

Development(C) Deposit Insurance and Credit Guarantee

Corporation of India(D) Exim Bank of India

Ans: (D) Exim Bank of India

The December 2006 Asian Games were held in:

(A) Doha(B) Abu Dhabi(C) Riyadh(D) Kyoto

Ans: (A) Doha

The service tax umbrella does not cover:

(A) Pathology labs(B) Telecom services(C) Coaching institutes(D) Catering services

Ans: (A) Pathology labs

Which company launched a premium denim line in the Indian fashion arena, co branding it with John Abraham?

(A) Killer(B) Wrangler(C) Lee Copper(D) Milky Way

Ans: (B) Wrangler

The National Stock Exchange incorporated in 1992, in terms of transactions holds:

(A) fifth rank in the World(B) third rank in the World(C) seventh rank in the World(D) does not figure in the top 10

Ans: (B) third rank in the World

Which country, of the following, is the biggest contributor for Foreign Direct Investment in India between 1991 and 2004?

(A) Mauritius(B) USA(C) Japan(D) United Kingdom

Ans: (A) Mauritius

SAFTA stands for?

(A) South Asia Free Trade Agreement(B) South African Federation for Tribal

Advancement(C) South Asian Forum for Tourism Agreements(D) None of the above

Ans: [A] South Asia Free Trade Agreement

Introduction of 3G services in telecommunication industry will NOT include which of the following features?

(A) Video Streaming(B) Stock Transactions(C) E-learning(D) E-Governance

Ans: (C) E-learning

Which Finance Minister resigned after a report on Haridas Mundhra share imbroglio was published in1958?

(A) GK Iyengar(B) Ramanand Shastri(C) TT Krishnamachari(D) V Padmanabhan

Ans: (C) TT Krishnamachari

Which state tops the revenues collected under the implemented VAT tax regime?

(A) Maharashtra(B) Andhra Pradesh(C) Gujarat(D) Karnataka

Ans: (A) Maharashtra

Which player won the country's highest ever professional Golf Prize held at China?

(A) Shiv Kapur(B) Jeev Milkha Singh(C) Gaurav Ghei(D) Jyoti Randhawa

Ans: (B) Jeev Milkha Singh

Who is the current Union Minister for Commerce and Industry?

(A) PC Chidambram(B) MS Ahluwalia(C) Praful Patel(D) Kamalnath

Ans: (D) Kamalnath

Kevin Rollins is the CEO of which American Corporate giant employing direct business model?

(A) Wall Mart(B) Dell(C) Microsoft(D) Quark

Ans: (B) Dell

According to the India-Pacific Wealth Report, the number of millionaire investors in India has grown to:

(A) 83,000(B) 23,000(C) 48,000(D) 100,000

Ans: (A) 83,000

NIIT Technologies have established ties with a Singapore agency to market GeBiz. What is GeBiz?

(A) Electronic business portal of Singapore Govt(B) Portal of Income Tax department of Singapore(C) GE's commercial arm based at Singapore(D) None of the above

Ans: (A) Electronic business portal of Singapore Govt

The investment giant set up by Warren Buffet is:

(A) DSP Merryl Lynch(B) Berkshire Hathway(C) GE Capital(D) Citi Capital

Ans: (B) Berkshire Hathway

Who has been awarded the Phalke Ratna Award in April 2008?

(A) Devanand(B) Amitabh bachchan(C) Ramanand Sagar(D) B.R.Chopara

Ans: (D) B.R.Chopara

When did Regional Rural Banks start functioning in India?

(A) 1975(B) 1947(C) 1956(D) 1960

Ans: (A) 1975

Who was the Chairman of the Sixth Central Pay Commission?

(A) Justice B. N. Srikrishna(B) Prof. Ravindra Dholakia(C) J. S. Mathur(D) Sushma Nath

Ans: (A) Justice B. N. Srikrishna

The 11th Five Year Plan is termed as plan for:

(A) India’s Health(B) Eradication of poverty from India(C) India’s Education(D) Development of Rural India

Ans: (C) India’s Education

Which of the following correctly describes what sub-prime lending is:(1) Lending to the people with less than ideal credit status(2) Lending to the people who are high value customers of the banks(3) Lending to those who are not a regular customer

(A) Only 1(B) Only 2(C) Only 3(D) All

Ans: (A) Only 1

“The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden”. In financial sector this type of phenomenon is known as:

(A) Probability risk(B) Market risk(C) Inflation risk(D) Credit risk

Ans: (A) Probability risk

Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?(1) It does not accept deposits(2) It has a limited cash disbursement capacity(3) Lack of human interface

(A) Only (1)(B) Only (2)(C) Only (3)(D) All

Ans: (D) All

The World Development Report 2009 is released by which of the following Organisations?

(A) UNESCO(B) ADB(C) IMF(D) World Bank

Ans: (D) World Bank

Which of the following statements is/are TRUE about the Lehman Brothers Holdings Inc. which was in news sometimes back?(1) The US government provided a US$ 7000 million bailout package to the company(2) The company filed for bankruptcy in a court in New

York(3) The company is now out of financial crisis and is busy in its restructuring so that it can start afresh

(A) Only (1)(B) Only (2)(C) Only (3)(D) All

Ans: (B) Only (2)

The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following?(1) Better human resource management(2) Adequate capital to support risks(3) Better profitability with minimum number of employees

(A) Only (1)(B) Only (2)(C) Only (3)(D) None of these

Ans: (D) None of these

The World Investment Report 2008 was released in September 20This report is published every year by:

(A) Government of India(B) World Trade Organisation (WTO)(C) Asian Development Bank (ADB)(D) United Nations Conference on Trade and

Development (UNCTAD)

Ans: (D) United Nations Conference on Trade and Development (UNCTAD)

Which of the following has the sole right of issuing paper notes in India?

(A) Union Government(B) Reserve Bank of India(C) Ministry of Finance(D) Supreme Court

Ans: (B) Reserve Bank of India

Decision taken at Bretton Woods Conference led to the formation of:

(A) IDA(B) IMF(C) ADB(D) IFC

Ans: (B) IMF

Euro is the currency of European Union. When did it come into being?

(A) 1999(B) 1965(C) 1942(D) 1989

Ans: (A) 1999

The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form:

(A) Reserve Bank of India(B) Imperial Bank of India(C) Bank of India(D) Union Bank of India

Ans: (B) Imperial Bank of India

In India, income tax is levied by:

(A) Union Government(B) State Governments(C) Ministry of Finance(D) RBI

Ans: (A) Union Government

The Reserve Bank of India was nationalized in?

(A) 1947(B) 1948(C) 1950(D) 1956

Ans: (B) 1948

What is a Bank which has capital and reserves of over Rs. 5 lakhs called?

(A) National Bank(B) Cooperative Bank(C) Scheduled Bank(D) Unscheduled Bank

Ans: (C) Scheduled Bank

How many languages are there in the Eighth Schedule of the Constitution of India?

(A) Eighteen languages(B) Nineteen languages(C) Sixteen languages(D) Twenty two languages

Ans: (D) Twenty two languages

Who amongst the following is the Head of the RBI at present?

(A) Mr. K V. Kamath(B) Dr D. Subbarao(C) Mr. Y.R. Narayanamurthy(D) Mr. O.P. Bhatt

Ans: (B) Dr D. Subbarao

India has different categories of Commercial banks. Which of the following is not one such category?

(A) Private Banks(B) Commodity Banks(C) Nationalised Banks(D) Co-operative Banks

Ans: (B) Commodity Banks

SEBI recently imposed a restriction on money flow in equity through ‘P-Notes’. What is the full form of ‘P-Notes’?

(A) Permanent Notes(B) Purchase Notes(C) Participatory Notes(D) Private Notes

Ans: (C) Participatory Notes

Which of the following organisations / agencies has established a fund known as “Investor Protection Fund”?

(A) SEBI(B) NABARD(C) Bombay Stock Exchange(D) Ministry of Health

Ans: (A) SEBI

Which of the following types of banks are allowed to operate foreign currency accounts ?(1) Foreign Banks(2) Regional Rural Banks(3) Nationalised Banks

(A) Only 1(B) Only 2(C) Only 3(D) All of the above

Ans: (C) Only 3

The financial markets of which of the following countries were badly affected by sub prime crisis?

(A) Russia(B) Brazil(C) UK(D) USA

Ans: (C) UK

The Government of India put a ban on export of which of the following commodities at the price below the price of the same in domestic market?

(A) Steel(B) Chemical Fertiliser(C) Pharma products’(D) Electronic goods

Ans: (A) Steel

India’s Foreign Exchange Reserves declined sharply in recent past. What was the main reason for the same?

(A) Heavy demand of the same by foreign tourists(B) Import of wheat from Pakistan & South Korea(C) Appreciation of Rupee Value(D) Instability in coalition government in Centre

Ans: (C) Appreciation of Rupee Value

Asia Pacific Economic Cooperation Business Meet was organised in September 2007 in:

(A) New Delhi(B) Beijing(C) Tokyo(D) Sydney

Ans: (D) Sydney