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

1 .

Which Companies are signed an MoU with MP govt to support MSMEs?

A)

Google and Paytm

B)

Reliance and Google

C)

Walmart and Amazon

D)

Walmart and Flipkart

Correct Answer : Option (D) - Walmart and Flipkart

Walmart and its subsidiary Flipkart have signed an MoU with the Department of Micro, Small, and Medium Enterprises, Government of Madhya Pradesh to create an ecosystem of capacity building for MSMEs in Madhya Pradesh. Under this MoU, Walmart, Flipkart, and MSME Department will assist MSMEs to digitize their business and enable them to sell their products through online retail.

This initiative comes under the Walmart Vriddhi Supplier Development Programme (Walmart Vriddhi), delivered by knowledge partner Swasti, which aims to train around 50000 Indian MSMEs with business skills to become successful as suppliers to Walmart, sellers on global marketplace platforms like Flipkart. Under this programme, Walmart and Flipkart have partnered with various states including Haryana and Tamil Nadu.

2 .

The Life Insurance Corporation of India has received the approval of RBI to increase its stake in Kotak Mahindra Bank from the present 4.96% to ________ %(percent).

A)

9.99%

B)

8.99%

C)

7.99%

D)

6.99%

Correct Answer : Option (A) - 9.99%

The Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation (LIC) to raise its stake in private lender Kotak Mahindra Bank to 9.99%(percent ). Currently, LIC holds 4.96% stake in the private lender. Kotak Mahindra Bank Limited has received an intimation from LIC stating that the RBI had granted its approval to LIC, for increasing its holding in the Bank up to 9.99%(percent) of the paid-up equity share capital of the Bank.

3 .

_______is the range of GDP growth projection for India in the financial year 2021-22 as per the State Bank of India (SBI) Ecowrap report?

A)

8.1%-8.6%

B)

8.5%-9.1%

C)

9.3%-9.6%

D)

9.7%-9.9%

Correct Answer : Option (C) - 9.3%-9.6%

The State Bank of India (SBI) economists in its research report – Ecowrap, has revised upwards the GDP growth projection for India to range of 9.3%-9.6% for FY22 (2021-22).

4 .

Which Motor Company 1st Indian 2-wheeler maker to join United Nations Global Compact (UNGC)?

A)

Bajaj Motor

B)

Hero Motor

C)

Honda Motor

D)

TVS Motor

Correct Answer : Option (D) - TVS Motor

TVS Motor Company, the flagship company of TVS Group, has joined the United Nations Global Compact (UNGC), the world’s largest voluntary corporate sustainability initiative. TVS Motor has become the 1st Indian 2-wheeler and three-wheeler manufacturer to join the UNGC. TVS Motor will also engage in collaborative projects which will advance the development goals of the UN, particularly the Sustainable Development Goals (SDG).

5 .

Which company launched the world's 1st Merchant Shareholding Program (MSP)?

A)

G Pay

B)

BharatPe

C)

PhonePe

D)

Amazon Pay

Correct Answer : Option (B) - BharatPe

BharatPe launched the World’s 1st Merchant Shareholding Program (MSP) for its merchant partners. It is a $100 million worth program, under which the company offers its merchant customers an opportunity to buy BharatPe’s equity shares and become a partner. The company plans a public listing by 2024 and targets a public listing value of $1 billion.

6 .

Which company has become the world's most valuable company?

A)

Apple

B)

Google

C)

Microsoft

D)

Amazon

Correct Answer : Option (C) - Microsoft

This Microsoft reign just won't end! On Friday(29-10-2021), Apple's arch rival Microsoft surpassed iPhone maker's market cap to become the world's most valuable public company.

When market was coming to a close on Friday, Microsoft's market cap stood at $2.49 trillion while Apple's market capitalisation stood at $2.46 trillion.

7 .

Which country is the World's largest 'Bitcoin mining centre'?

A)

USA

B)

Russia

C)

Kazakhstan

D)

Switzerland

Correct Answer : Option (A) - USA

* The US has overtaken China to become the World’s largest Bitcoin mining centre following the crackdown of mining operations in China, data published by Britain’s Cambridge Centre for Alternative Finance showed.

* China’s share of the power of computers connected to the global bitcoin network, known as the ‘hash rate’, had fallen to zero by July from 44% in May.

* The United States now accounts for the largest share of mining, some 4% of the global hash rate as of end-August, followed by Kazakhstan and Russia.

8 .

Who has been appointed as the brand ambassador of the CoinSwitch Kuber, a cyrpto currency platform?

A)

Ranveer Singh

B)

Akshay Kumar

C)

Virat Kohli

D)

Amitabh Bachchan

Correct Answer : Option (A) - Ranveer Singh

On October 08, 2021, Ranveer Singh has been appointed as a brand ambassador for CoinSwitch Kuber, one of India’s largest crypto platforms.

Through this new partnership, CoinSwitch Kuber aims to take advantage of Ranveer’s popularity, particularly among the Gen Z and millennial customers.

CoinSwitch Kuber and Ranveer Singh will work towards highlighting the growing acceptance of crypto in India along with enhancing crypto awareness and trust in this emerging asset class.

9 .

Mukesh Ambani has topped the Forbes India Rich list in 2021, to retain his position as the wealthiest Indian for the ________consecutive year

A)

9th

B)

11th

C)

12th

D)

14th

Correct Answer : Option (D) - 14th

The Reliance Industries Limited (RIL) Chairman Mukesh Ambani has topped the Forbes India Rich list for 2021, released on October 07, 2021. The list ranks India’s 100 richest Indians.He has retained his position as the wealthiest Indian for the 14th consecutive year on Forbes India list, since 2008.The tycoon added $4 billion to his net worth in 2021, to bring his total fortune to $92.7 billion.

10 .

The Moody's Investor Service has recently revised the sovereign rating outlook of India to______

A)

Prime

B)

Stable

C)

Neutral

D)

Negative

Correct Answer : Option (B) - Stable

Rating agency Moody’s Investors Service has upgraded India’s sovereign rating outlook to ‘stable’ from ‘negative’ , on October 05, 2021, following an improvement in the financial sector and faster-than expected economic recovery across sectors.