Latest Business and Economics General Knowledge(GK) Questions and answers

1 .

Who has announced on 18 January 2022, Tata Consultancy Services (TCS) will take over from Scotiabank to become the new title sponsor and technology partner of the Toronto Waterfront Marathon until 2026?

A)

Australia Running Series (ARS)

B)

Japan Running Series (JRS)

C)

Germany Running Series (GRS)

D)

Canada Running Series (CRS)

Correct Answer : Canada Running Series (CRS)

Canada Running Series (CRS) has announced on Tuesday(18th Jan 2022) morning that Tata Consultancy Services (TCS) will take over from Scotiabank to become the new title sponsor and technology partner of the Toronto Waterfront Marathon until 2026.

The TCS Toronto Waterfront Marathon will join other world-class marathons like New York City and London to carry the TCS sponsorship.

“The first year of our sponsorship will be all about discovery,” says Haley Price, Head of Sports Sponsorships at TCS. “We love that this race is engraved into Toronto and that the race starts just steps from our Toronto office.”

Source : Canadian Running

2 .

How Many Billions Will Microsoft Buy Candy Crush maker Activision Blizzard?

A)

$68.7 billion

B)

$83.5 billion

C)

$97.2 billion

D)

$105.6 billion

Correct Answer : $68.7 billion

Microsoft Corp said on Tuesday(18th Jan 2022) it would buy "Call of Duty" videogame maker Activision Blizzard for $68.7 billion in cash, the largest deal in the sector making the Xbox maker the third-largest gaming company by revenue.

Microsoft's offer of $95 per share is at a premium of 45 percent to Activision's Friday close.

Shares of Activision were up nearly 38 percent at $65.39 before being halted for news.

"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms," Microsoft Chief Executive Officer Satya Nadella said in a statement.

Demand for video games has surged during the pandemic, as stuck-at-home consumers play more games to keep themselves entertained.

Source : Money Control

3 .

Which company launches 'ClickPay' in collaboration with NPCI Bharat BillPay Ltd. (NBBL)?

A)

Paytm

B)

PhonePe

C)

Google Pay

D)

MobiKwik

Correct Answer : MobiKwik

MobiKwik, one of India’s largest mobile wallets and Buy Now Pay Later (BNPL) Fintech companies launched ‘ClickPay’ for its customers, in collaboration with NPCI Bharat BillPay Ltd. (NBBL), the wholly-owned subsidiary of National Payments Corporation of India. This feature enables MobiKwik customers to pay recurring online bills (such as mobile, gas, water, electricity, DTH, insurance, and loan EMIs) with ease by eliminating the need to remember individual bill details and due dates.

ClickPay is a two-step payment feature wherein the billers generate a unique payment link within the bill-pay message, allowing customers to make payments directly on the payment page.

Source : Mint

4 .

According to the released Chinese Customs data, how many billion dollars the bilateral trade between India and China crossed in 2021?

A)

USD 107 billion

B)

USD 125 billion

C)

USD 134 billion

D)

USD 148 billion

Correct Answer : USD 125 billion

The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh, while India's trade deficit too mounted to over USD 69 billion, according to official data released on Friday.

The total trade between China and India in 2021 stood at USD 125.66 billion, up 43.3 per cent from 2020, state-run Global Times reported, quoting data from the General Administration of Customs.

China's exports to India from January to December rose 46.2 percent to USD 97.52 billion, while India's exports to China grew by 34.2 percent to USD 28.14 billion.

The trade deficit for India grew to USD 69.38 billion in 2021.

Source : The Economic Times

5 .

Which country forex reserves declines by $878 mn to $632.7 bn?

A)

Japan

B)

Russia

C)

India

D)

United States

Correct Answer : India

As per the weekly Reserve Bank of India (RBI) data, the foreign exchange reserves of India declined by $878 million to USD 632.736 billion in the week ended January 7, 2022. In the previous week ended December 31, India’s reserves dropped by $1.466 billion to $633.614 billion.

The decline was mainly due to a fall in gold reserves and Foreign Currency Assets (FCA). In the reporting week, FCAs decreased by $497 million to $569.392 billion.

Gold reserves declined by $360 million to $39.044 billion. The special drawing rights (SDRs) with the International Monetary Fund (IMF) fell by $16 million to $19.098 billion. India’s reserve position with the IMF dipped by $5 million to $5.202 billion.

6 .

Which company was acquired by Flipkart Group for $40 million in Jan 2022?

A)

Budli

B)

Quickr

C)

Yaantra

D)

ShopClues

Correct Answer : Yaantra

Flipkart Group on Thursday(13th Jan 2022) announced the acquisition of Yaantra, an electronics re-commerce company, for an undisclosed amount as part of efforts to strengthen its re-commerce business and enhance after-sale offerings for its customers in the smartphones segment.

The acquisition has been effected through FK Group Entity, F1 Info Solutions and Services Pvt Ltd that is engaged in the business of offering comprehensive lifecycle management (repairs and refurbishment) for various categories including mobility, consumer electronics, IT and IT peripherals, AV and enterprise solutions, in the B2B (business-to-business) segment, according to a statement.

Yaantra, incorporated in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, repairs and sells refurbished consumer tech products such as smartphones and laptops. With this acquisition, Flipkart will provide a comprehensive service ecosystem to its customers that takes care of the entire lifecycle of smartphones, the statement said. Flipkart will enable greater access to affordable refurbished smartphones, offering value and convenience for the end-consumers, it added.

Source : News18

7 .

The government is set to become the single largest shareholder of which telecom company?

A)

Vodafone Idea

B)

Reliance Jio

C)

Bharti Airtel

D)

Bharat Sanchar Nigam Limited

Correct Answer : Vodafone Idea

The Indian government will own a 36 percent stake in Vodafone Idea, the country's third-largest wireless phone operator in a new rescue plan. The news came after the company board during its meeting on January 10th approved the conversion of the full amount of interest related to spectrum auction installments and Adjusted Gross Revenue (AGR) Dues into equity.

8 .

How much controlling stake did Reliance acquire in the Mandarin Oriental Hotel in New York?

A)

52.10%

B)

61.53%

C)

66.40%

D)

73.37%

Correct Answer : 73.37%

After London, Reliance Industries is taking a big bite of the real estate and hospitality market of Big Apple, buying the Mandarin Oriental Hotel New York. Reliance through its wholly owned arm Reliance Industrial Investments and Holdings will be paying $98.15 million to acquire 73.37% of the hotel, it said in a late night statement on Saturday. It will also take over its debt in excess of $115 million, said people in the know taking the entire deal value to be close to $270 million.

The 248-room and suites property at Columbus Circle, is one of the city’s uber luxury lodging establishments towering over Central Park in mid-town Manhattan, frequented by Hollywood celebrities and hedge fund billionaires..

Source : The Economic Times

9 .

What is the approximate growth rate of SBI Ecowrap India's real GDP FY22?

A)

9.9%

B)

9.5%

C)

9.1%

D)

8.2%

Correct Answer : 9.5%

India's real GDP is expected to grow at around 9.5% in 2021-22 on a year-on-year (YoY), an SBI Ecowrap report said on Saturday.

The report comes a day after the National Statistical Office (NSO) released the First Advance Estimates of National Income for financial year 2021-22.

Accordingly, the estimates had said that India's economy is expected to clock a growth of 9.2 per cent in terms of real GDP for FY22.

The NSO data had indicated that Real GDP' or 'GDP at Constant Prices' (2011-12) in the year 2021-22 rose to Rs 147.54 lakh crore from Rs 135.13 lakh crore, the 'Provisional Estimate of GDP' for the year 2020-21.

The Ecowrap report said : "We believe that NSO's estimate is on the conservative side, as the calculated GDP growth for H2FY22 for construction comes at (-) 0.9 per centa Services is at a mere 2 per cent for H2FY22.

Source : Business Standard

10 .

Ind-Ra lowers India’s GDP growth forecast by 10 basis points to ____ in FY 2021-2022.

A)

9.7%

B)

9.3%

C)

8.1%

D)

7.4%

Correct Answer : 9.3%

The rating agency India Ratings and Research (Ind-Ra) has downgraded the GDP of India for the current fiscal FY 2021-2022.

Ind-Ra expects the GDP to clock a growth rate of 9.3% y-o-y in FY22. Earlier this estimate was 9.4%. Meanwhile, Brickworks Ratings has also revised India’s GDP growth forecast for the current fiscal (FY22) to 8.5-9%.

Earlier this was estimated at 10%. The rapid spread of the Omicron variant is the main driver to downgrade GDP growth projections.

Business and Economics - General Knowledge Questions