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Business and Economics - General Knowledge Questions
A)
FATF
B)
UNESCO
C)
UNDP and OECD
D)
World Bank and WTO

Correct Answer : Option (C) - UNDP and OECD

The Tax Inspectors Without Borders (TIWB) has launched its programme in Seychelles on October 04, 2021. India has been chosen as the Partner Administration for this programme. The country will be providing its Tax Expert in support of the initiative. TIWB is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), since its launch in 2015.

A)
Paytm
B)
BharatPe
C)
PhonePe
D)
Amazon Pay

Correct Answer : Option (B) - BharatPe

The IIFL Wealth Hurun India Rich List came out with its latest top 100 wealthiest people in the country and there are quite a few new faces on there. Notably, the youngest person on the list is 23-year-old Shashvat Nakrani. He is the entrepreneur and founder behind the payment platform BharatPe, which he founded in his third year of college. He is among 13 individuals on the list who were born in the 90s who are all considered self-made individuals by the listing entity.
 
Nakrani co-founded the BharatPe payment gateway with his colleague Ashneer Grover, in 2018. Keep in mind that he had only joined the In Indian Institute of Technology, Delhi in 2015. In just 2 years he established his very own company, which has gone on to give competition to the likes of Paytm and PhonePe and other payment gateway platforms in India.
 
Nakrani, who was part of the 2015 batch of IIT Delhi, got his bachelor’s degree in Textile Technology. Hailing from Bhavnagar, India, this young entrepreneur has come a long way. During his third year, he had identified a large gap in the market, the presence of a payment gateway that was accessible to merchants that did not cut into their margins.

A)
Steve Wozniak
B)
Janet Hill
C)
Andy Hertzfeld
D)
Tim Berners-Lee

Correct Answer : Option (A) - Steve Wozniak

Apple co-founder Steve Wozniak is working to startup a new space company, Privateer Space, whose mission will be to clean up the ever-growing issue of space debris. Privateer Space is working to keep space safe and accessible to all humankind. Co-founded by Apple co-founder Steve Wozniak and Ripcord founder Alex Fielding, Privateer will be providing private audiences a glimpse into the companies future plans at the AMOS Tech Conference in September 2021 in Maui Hawaii.

A)
Ford
B)
Fiat
C)
Toyota
D)
Volkswagen

Correct Answer : Option (A) - Ford

Ford Motor has announced on September 9, 2021 to close manufacturing plants in India. Ford has two integrated manufacturing facilities in India one at Chennai, Tamil Nadu, and another at Sanand, Gujarat.
 
American automobile giant Ford Motor Company announced on September 9 that it will shut down its plants in India. The manufacturing of vehicles for domestic sales will cease immediately, while vehicles meant for exports will continue to be manufactured till 2022.
 
Even as the company winds down its manufacturing operations, it said it will continue to provide aftermarket service and support to its customers in India.
 
“As part of our Ford+ plan, we are taking difficult but necessary actions to deliver a sustainably profitable business longer term and allocate our capital to grow and create value in the right areas,” said Jim Farley, Ford Motor Company’s President and CEO. “Despite investing significantly in India, Ford has accumulated more than $2 billion of operating losses over the past 10 years and the demand for new vehicles has been much weaker than forecast.”
 
Ford had to take the decision to close its plants in India due to unviable business conditions. The company had recorded operating losses of more than $2 billion over the past 10 years and a $0.8-billion non-operating write-down of assets in 2019 alone. With poor sales and weak exports, the troubles faced by the company had been compounded by the COVID-19 crisis. The company had only managed to sell 2,790 units in June this year, compared to 2,872 units in June 2020...

A)
RBI
B)
AMFI
C)
IRDAI
D)
SEBI

Correct Answer : Option (D) - SEBI

Bajaj Finserv has said that market regulator SEBI has approved it to sponsor mutual funds. After this approval, it can now form an asset management company. Bajaj Finserv in its information to the stock exchanges has said that it has received in-principle approval from the capital market regulator to become a mutual fund sponsor through a letter dated August 23, 2021.
 
Bajaj Finserv said, “In this way the company will form an asset management company…”.
 
The company’s share price on NSE rose to Rs 16,460.00 with a jump of Rs 1,188.10 or 7.78 percent.
 
The company’s stock has performed well in the last three months. The share price of the company registered a jump of 42 percent during this period. At the same time, the Sensex has gained 10 percent in this period.
 
With this boom, the company’s market cap has now reached Rs 2.5 lakh crore. Bajaj Finserv has stakes in Bajaj Allianz Life, Bajaj Allianz General Insurance, Bajaj Finance and Bajaj Financial Solutions.

A)
DRDO
B)
CRED
C)
TRIFED
D)
NITI Aayog

Correct Answer : Option (B) - CRED

Fintech platform CRED recently announced the launch of a new peer-to-peer lending feature called CRED Mint. In P2P lending, users sitting on idle money provide loans to potential borrowers identified by the service provider. These lenders then receive payments from the borrowers on a set basis — either one time, or in equated monthly instalments.

A)
Cilory
B)
Flipkart
C)
Simsim
D)
Amazon

Correct Answer : Option (C) - Simsim

Google's YouTube has signed a definitive agreement to buy video shopping app simsim as it looks to help discover and buy products from Indian retailers. The terms of the acquisition were not disclosed.
 
“Online video will continue to grow as the primary way to find information, entertainment and connections in India,” Google India said in a blogpost. “With over 2,500 YouTube creators with over one million subscribers, and the success of YouTube Shorts, which we launched in India first, we’re committed to growing the creator community by making it even easier for the new generation of mobile-first creators to get started."

A)
Normal goods
B)
Luxury goods
C)
Giffen goods
D)
Inferior goods

Correct Answer : Option (C) - Giffen goods

A)
If AC Falls, MC will rise
B)
If AC rises, MC also rises
C)
Both AC & MC are calculated from TC
D)
For the minimum point of AC, average cost is equal to marginal cost

Correct Answer : Option (A) - If AC Falls, MC will rise

A)
Maximisation of profits
B)
Maximisation of sales
C)
Maximisation of owner's wealth
D)
None of the above

Correct Answer : Option (D) - None of the above

Ans : Maximisation of business wealth (Wealth maximisation is the concept of increasing the value of the business in order to increase the value of the shares held by shareholders, therefore it is an objective of enterprise.)