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2018 Business and Economy Insights

The document contains 20 multiple choice questions related to recent current events from India and around the world. The questions cover topics like business, economy, politics, and popular culture. Key entities mentioned include Paytm, Xiaomi, Phantom Films, ICICI Bank, Royal Caribbean, and Kamla Pasand.

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varun chauhan
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0% found this document useful (0 votes)
132 views9 pages

2018 Business and Economy Insights

The document contains 20 multiple choice questions related to recent current events from India and around the world. The questions cover topics like business, economy, politics, and popular culture. Key entities mentioned include Paytm, Xiaomi, Phantom Films, ICICI Bank, Royal Caribbean, and Kamla Pasand.

Uploaded by

varun chauhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Q 1.

Which is the only Indian company featuring in the list of 50 Genius Companies of
2018 brought out by the TIME Magazine ?

Ans. PayTM

Q 2. What is the regional connectivity scheme of connecting unconnected and


underconnected airports launched in 2017 known as ?

Ans. UDAN ( Ude Desh ka Aam Nagrik)

Q 3. Which Chinese smartphone brand has launched lifestyle products such as luggage,
apparels in India to enhance and capitalise on brand affinity ?

Ans. Xiaomi

Q 4. Name the production house started by Anurag Kashyap, Vikramaditya Motwane,


Vikas Bahl and Madhu Montena in 2011 that has decided to disband itself after one of
their founders has been called out for ‘sexual harrassment” ?

Ans. Phantom Films

Q 5. Despite US having imposed sanctions on Iran from November, Indian refiners will
continue to buy Iranian crude oil. They will pay in which currency ?

Ans. Indian Rupees

Q 6. Alleged Conflict of interest in loans given to which group is at the root of ICICI
Bank CEO Chanda Kochchar’s investigation leading to her early retirement decision ?

Ans. Videocon Group

Q7. From October 1 which stock exchange started having trading in commodities like
gold and silver also ?

Ans. Bombay Stock Exchange

Q8. What campaign will this vehicle be used for in India ?

Ans. The vehicle will educate Indians about responsible use of Whatsapp
Q9. Ugly behaviour from a large group of over 1200 people from India forced Royal
Caribbean cruise to issue a full refund to all the other passengers. The passengers
belonged to a gutkha co. Which one ?

Ans. Kamla Pasand

Q 10. What brand name prefix was given to the name of Dr Murthy, entrepreneur -
politician-Founder of GITAM University from his first venture in Vizag. He passed
away recently RIP

Ans. Goldspot Murthy

Q 11. This 79 year old fitness fanatic started his career as an IAS, later became the first
Chairman of GAIL, then worked in top jobs in pvt sector at HCL, Tech Mahindra. Now
he is on the IL &FS board.

Ans. Vineet Nayyar

q 12. Earlier M & M used to stand for Mahindra and Mohammed. Who was
Mohammed and what happened to him ?

Ans. Ghulam Mohammed, he migrated to Pakistan after partition in 1947 and became its first
Finance Minister

Q 13. Zebpay has closed down recently. What was Zebpay ?

Ans. India’s oldest cryptocurrency exchange

Q 14. In the recently released YRF Film Sui Dhaaga , the full name includes the tag line

A. Make in India B. Made in India

C. Start-up India D. Incredible India

Ans. B. Made in India

Q 15. Google honoured this Indian with this doodle recently . Identify this social
entrepreneur and the institution he built
Ans. Govindappa Venkataswamy…Founder of Aravind Eye Hospitals in Madurai

Q 16. Kabir Jeet Singh on his return from UK after doing an MBA opened a fast food
chain with its first outlet in Gurugram. Now it is expanding India wide what is it called

A. KJS B. Paratha King

C. Singhway D. Burger Singh

Ans. Burger Singh

Global

Q 17. Which landmark passenger plane completed 50 years recently. It was launched
on 30th September 1968

.Ans. Boeing 747 also known as Jumbo Jet

Q 18. She has been selected as the Chief Economist at IMF. Name her
Ans. Gita Gopinath

Q 19. Who has been appointed as the new CEO of General Electric ? He is the first
outsider to get the top job .

Ans. Larry Culp , he had trned around Danaher corp earlier

Q 20. For what has Google signed a deal with Apple recently where Google will pay a
large amount to Apple ?

Ans. making Google as the default search engine in Safari browser in all Apple devices

Q 21. ” We listened to our critics and we decided we want to lead ‘ – said Jeff Bezos of
Amazon. Who was leading the critics and what decision did Bezos announce ?

Ans. Bernie Sanders proposed “Stop Bezos Act” . This made Bezos to revise the hurly wage
to be revised to U S $ 15 per hour

Q 22. Forbes has come out with a list of most regarded companies in the world . Which
company has been rated No 1 in the world ?

Ans. Walt Disney

Q 23. An examination and evaluation of a firm’s or individual’s financial information


for use as evidence in court. It can be conducted in order to prosecute a party for fraud,
embezzlement or other financial claims is called a _______ ?

Ans. Forensic Audit

Q 24. Another Indian American will replace Sridhar Ramaswamy as the Head of the
Advertising business at Google as he leaves to join a VC firm. Name him.

Ans. Prabhakar Raghavan


Q 25. Dr Denis and Nadia Murad have been awarded the Nobel Peace Prize for 2018.
To which countries do they belong to ?

Ans. Democratic Republic of Congo and Iraq

Q 26. What is one of the most popular use of Corozo , also known as Vegetable Ivory ?

Ans. Buttons

Q 27. General Electric recently took a huge ‘impairment charge” of 23 Bn $ for its
power business. What is “impairment charge” ?

Ans. Impairment is an accounting principle that describes a permanent reduction in the value
of a company’s asset, normally a fixed asset. If it’s found that the book value of the asset
exceeds the cash flow or benefit of the asset, the difference between the two is written off and
the value of the asset declines on the company’s balance sheet.

Q 28. The legendary ad copy by David O’Gilvy ‘At 60 miles per hour the loudest noise
in the new ______ comes from the electric clock ‘ Fill in the blank

Ans. Rolls Royce

Q 29. What % of Internet bandwidth worldwide is consumed by Netflix according to a


recent report ?

Ans, 15 % of the world and 19 % of US

Q 30. What prank done by the painter Banksy in a painting auctioned by Sotheby’s has
created a furore in the art world ?

Ans. There was an inbuilt shredder which got triggered immediately after auction , so the
painting shredded itself

Q 31. WSJ has come out with a list of innovation hubs in the world based on the venture
capital funds they attracted. As expected San Francisco which has the silicon valley is
No 1. What is No 1 among non US cities and World No 2 ?

Ans. Beijing

Q 32. For their work in which area has Paul Romer and Willia, Nordhaus been
awarded the Nobel prize in Economics for 2018 ?

Ans. Climate Change and Technological Innovation

Q 33. What is the name of the central bank of China , equivalent of India’s RBI ?

Ans. People’s Bank of China

Q 34. Which Google service has decided to close down as it could not establish itself in
the social networking platform market ?
Ans. Google Plus

Q . Which steel major has acquired the steel making division of Usha Martin Industries
on a slump sale basis ?

Ans. Tata Steel

Q 2. With which scam tainted group was Sandesara family associated with ? They are
absconding and are apparently in Nigeria.

Ans. Sterling Biotech

Q 3. Kabir Jeet Singh on his return from UK after doing an MBA opened a fast food
chain with its first outlet in Gurugram. Now it is expanding India wide what is it called
?

A, Paratha King B. KJS

C. Singhway D. Burger Singh

Ans. Burger Singh

Q 4. The shares of which company fell over 70 % on 28th September, the second

biggest fall on a single day after Satyam’s 83 % fall in 2009 due to a WhatsApp

rumour ?

A. DHFL B. Yes Bank

C. Infibeam Avenues D. IL & FS

Ans/ Infibeam Avenues

Q 5. Which private bank has been asked by RBI to freeze salary of CEO and has put

branch expansion on hold for not meeting licensing guidelines ?

A. Bandhan Bank B. Kotak Bank

C. IDFC Bank D. Yes Bank

Ans. A. Bandhan Bank

Q 6. When rumours started emerging thing that Yes Bank promoters were selling

their stake to what did Rana Kapoor , compared his Yes Bank shares with ?

Ans. Rana Kapoor said his Yes Bank shares were ” Diamonds are Forever “.
Q 7 . What was the main reason the minority shareholders of Apollo Tyres, rejected

the re- election of Neeraj Kanwar as a director ?

Ans. The institutional nominees were peeved with the high and rising compensation of

Neeraj Kanwar

Q8 . Which travel related brand has brought out a TV Commercial with the tagline

Kerala Is Open with the idea of reviving tourism after the floods

Ans. Samsonite

Q 9. The Union Telecom minister Manoj Sinha announced that TRAI would soon be

renamed as DCRAI. Expand DC in DCRAI.

Ans. Digital Communications


Q 10. What is the increase in customs duty announced by govt on ‘non-essential’

imports like AC, refrigerators and washing machines recently to keep the Current

Account Deficit in check ?

Ans. From 10 % to 20 % the customs duty has been increased

Q 11. Greenply has set up a plywood mfg facility in a African country. It appears the

advtg campaign on Indian TV by this country as a ‘ocean of timber tales’ has borne

fruit. Name the country

Ans. Gabon

Q 12. Where is the head quarters of the defence PSU Garden Reach Shipbuilders

and Engineers , which is currently having an open IPO ?

Ans. Kolkata

Q 13. Ashwin Choksi passed away recently. He was the Non-Executive Chairman of

which Indian paint major ?

Ans. Asian Paints Ltd

Q 14. One of the important points in the Rafale deal controversy is the “offset

clause’. What is offset in the context of defence deals ?

Ans. Offset in defence deal means the compensation made by the manufacturer in terms

of value addition in the product in the ordering country.

Global

Q 15 . Which company is acquiring Pandora the music streaming service for 3.5 Bn $ ?

Ans. Sirius XM

Q 16. Marillyn Hewson has been voted as the Most Powerful Woman by Fortune this

year. With which company is she associated with ?


Ans. Lockheed Martin

Q 17. Who has acquired the luxury brand Versace for $ 2.1 Bn ?

A. Michael Kors B. Chanel

C. LVMH D. Gucci

Ans. A. Michael Kors

Q 18. Which of the following cities was selected as the European Green Capital for

the year 2019 ?

Ans. Oslo

Q 19. Who has asked Elon Musk to step down as the Chairman of Tesla Motors for 3
years ?

A. Board of Directors B. Auditors

C. Federal Govt D. SEC

Ans. D. SEC

Q 20. Which is the first German car company to announce stoppage of making

diesel engines ?

Ans. Porsche

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