Current Affair on Business and Economy forCLAT 2011, Bank Clerical/ PO Exams: March 2011
BUSINESS & ECONOMY
1. With which company did British Airways seal the contracts for Trent 900 engines to power a
dozen Airbus A380s?
a. General Motors
b. BMW
c. Rolls-Royce
d. Mercedes
2. Avinash Vashishtha, a veteran outsourcing professional has joined which firm as its Cahirman and Country Managing Director?
a. IBM
b. Accenture India
c. HP
d. HCL India
3. Goldman Sachs would be selling its 44.7 percent stake worth … to Accordia Golf, a Japanese
Golf Course Operator.
a. $446 million
b. $546 million
c. $556 million
d. $656 million
4. On what amount were the prices of onion, beer and petrol registered on par in January 2011?
a. `50
b. `55
c. `60
d. `65
5. What was the peak Customs duty rate for the year 2010?
a. 4%
b. 6%
c. 8%
d. 10%
6. Identify from the following, the
mastermind behind Gurgaon’s
multi-crore Citibank scam.
a. Sanjeev Aggarwal
b. Shivraj Puri
c. Vikram Pandit
d. Pramit Jhaveri
7. Kotak Realty Funds Group recently sold a 20-acre residential plot near Old Mahabalipuram Road, Chennai for `130 crore to which housing company?
a. Adarsh
b. Homex
c. Purvankara
d. Prestige
8. Name the person who took over as the fourth deputy governor of Reserve Bank of India recently.
a. S. Venkitaramanan
b. Amitav Ghosh
c. Anand Sinha
d. Rakesh Malhotra
9. Omnitech Infosolutions acquired Avensus Netherland BV for an amount of …
a. $5 million
b. $6 million
c. $8 million
d. $9 million
10. Toyota Kirloskar Motors recently launched its fi rst offering in the C-segment cars in India, namely, …
a. Veyron
b. Impala
c. Etios
d. Vento
11. How many oil and gas blocks have been offered for exploration by India recently in the ninth round of New Exploration Licensing Policy (NELP)?
a. 34
b. 44
c. 54
d. 59
12. HCL Infosystems has decided to sell the entire stake of which of its subsidiaries to Tikona Digital Networks?
a. HCL Axon
b. HCL Infi net
c. HCL Peripherals
d. HCL Security
13. India saw a sharp rise in infl ation at … during the last week of December 2010.
a. 12%
b. 15%
c. 18%
d. 21%
14. Tata housing has signed an agreement with the Gujarat to invest … for developing a township in Ahmedabad on a public-private partnership (PPP) model.
a. `1,000 crore
b. `1,200 crore
c. `1,600 crore
d. `1,700 crore
15. What amount did the Indian government dole out to make up for more than half the revenue loss of state retailers for selling auto and cooking fuel below cost?
a. `20,000 crore
b. `22,000 crore
c. `24,000 crore
d. `26,000 crore
16. After the cabinet rejig, who will be handling the oil ministry?
a. Mani Shankar Aiyar
b. Jaipal Reddy
c. Murli Deora
d. V. M. Katoch
17. After the cabinet rejig, who will be handling the urban development ministry?
a. Dinsha Patel
b. A. K. Antony
c. Kamal Nath
d. Suresh Kalmadi
18. Sir Sorabji Pochkhanawala founded …
a. United Bank of India
b. Central Bank of India
c. Reserve Bank of India
d. State Bank of India
19. Identify the amphibian plane service started by the Indian Government to promote tourism in Andaman and Nicobar Islands.
a. Jalhans
b. Jalvayu
c. A&N services
d. None of the above
20. Mobile number portability that allows users to keep their phone numbers unchanged in spite of
switching operators was rolled out by Pan-India on …
a. December 20, 2010
b. December 25, 2010
c. January 9, 2011
d. January 20, 2011
21. A levy introduced by France popularly known as ‘Google tax’ is … tax on online advertising.
a. 2%
b. 1.5%
c. 1%
d. 0.5%
22. IndiGo airlines, who is about to complete its five years of domestic operations in the country is will be launching its international in …
a. Februray 2011
b. August 2011
c. September 2011
d. November 2011
23. Who was named the TIME person of the year 2010?
a. Orkut Buyukkokten
b. Jerry Yang
c. Mark Zuckerberg
d. Jimmy Wales
24. What amount did Essar Energy Plc raise recently by issuing convertible bonds to fund acquisitions, projects and refi nance debt?
a. $500 million
b. $550 million
c. $620 million
d. $640 million
25. Name the brand ambassador of Hublot watches from among the following.
a. Veronica Varekova
b. Bernie Ecclestone
c. Usain Bolt
d. Bode Miller
26. The DTH industry in India is worth …
a. `2,000 crore
b. `2,300 crore
c. `3,700 crore
d. `4,000 crore
27. With which of the following countries does India share least or nominal trade relations?
a. Monaco
b. Nauru
c. Uganda
d. Grenada
28. The total infl ow of FDI recorded by China in 2010 is …
a. $104.74 billion
b. $105.74 billion
c. $106.74 billion
d. $107.74 billion
29. Debenture-Holders of a company are its …
a. Creditors
b. Shareholders
c. Debtors
d. Workers
30. Pearson increased its stake in Indian Education fi rm, TutorVista to 76%, which is worth …
a. $100 million
b. $117 million
c. $125 million
d. $134 million
31. When the demand of a commodity remains constant even after a big change in its price, the
demand is known as …
a. Inelastic
b. Elastic
c. Unstable
d. None of the above
32. Which among the following is India’s oldest stock joint bank?
a. Axis Bank
b. HDFC Bank
c. Bank of Maharashtra
d. Allahabad Bank
33. Sodexho, the food and facilities management service company, belongs to which country?
a. Spain
b. France
c. Germany
d. Italy
34. The nationalisation of SBI subsidiaries took place in which year?
a. 1944
b. 1951
c. 1959
d. 1962
35. In which year was the Market Access Initiative (MAI) launched?
a. 2000
b. 2001
c. 2002
d. 2003
36. Audi launched its powerful sedan, Audi R8 5.2 FSI with V10 engine priced at …, sold as a completely built unit in the Indian car market.
a. `1.00 crore
b. `1.14 crore
c. `1.35 crore
d. `1.88 crore
37. China is supposed to have incurred a debt of … to battle the impact of the global financial crisis that started in 2008.
a. $1.5 trillion
b. $1.7 trillion
c. $2.1 trillion
d. $2.6 trillion
38. How many jobs did Brazil create in the year 2010?
a. 1 million
b. 2 million
c. 2.52 million
d. 2.93 million
39. Computer Sciences Corporation (CSC) outbid HCL Technologies recently to win a contract worth … from steelmaker Arcelor Mittal
a. $300 million
b. $450 million
c. $600 million
d. $670 million
40. Air India gave ICICI bank the mandate to refinance loans to purchase 21 Airbus A320 aircrafts worth …
a. `55 billion
b. `60 billion
c. `63 billion
d. `69 billion
41. How many US patents did IBM receive in 2010, making it the world’s most inventive company for the 18th consecutive year?
a. 2,658
b. 3,094
c. 4,551
d. 5,896
42. Coal India Ltd will operationalise a new underground mine estimated to have a coal reserve of how many million tonnes in Jharkhand?
a. 14
b. 20
c. 23
d. 31
43. Gujarat was endorsed as India’s premier investment destination during the Vibrant Gujarat Global Summit 2011. What was the record-breaking amount invested within one hour on the first day of the event?
a. `2,00,000 crore
b. `2,50,000 crore
c. `2,60,000 crore
d. None of the above
44. China’s economy grew by what percent in 2010?
a. 10%
b. 11%
c. 11.5%
d. 12.1%
45. Mayawati unveiled over 600 projects worth how much on her 55th birthday recently, describing this act as “historic”?
a. `2,000 crore
b. `3,000 crore
c. `4,000 crore
d. `5,000 crore
46. Which of the following companies invested $500 million to acquire 1% stake in Facebook?
a. Google and Apple
b. Goldman Sachs and a Russian investor
c. Steve Jobs and Warren Buffett
d. None of the above
47. Indian drug fi rm Glenmark will pay … in damages to US firm Abbott Laboratories as it lost the patent case over hypertension drug Tarka.
a. $10 million
b. $12 million
c. $15 million
d. $16 million
48. Which country became the 17th member of the eurozone on January 1, 2011?
a. Estonia
b. Russia
c. Turkey
d. Latvia
49. Citibank was recently hit by a fraud worth … at its Gurgaon (Haryana) branch.
a. `300 crore
b. `400 crore
c. `500 crore
d. `600 crore
50. Which of the following has agreed to sponsor the England football team for 3.5 years starting this year?
a. Vaux Hall
b. Foxy Bingo
c. Cash4Gold
d. BET365
1. Where is Gulf Cooperation Council session headquartered?
a. Riyadh
b. Oman
c. Qatar
d. Al Khurtum
2. Liu Xiaobo is the … person to be awarded the Nobel Peace Prize while in prison or detention.
a. First
b. Second
c. Third
d. Fourth
3. Who is the CEO of Bajaj Hindustan Ltd.?
a. Kushagra Bajaj
b. Sanjeev Kumar
c. Shishir Bajaj
d. None of these
4. Who was the fi rst Indian to win the Miss Universe title?
a. Lara Dutta
b. Sushmita Sen
c. Aishwarya Rai Bachchan
d. None of these
5. Changthangi is a breed of which of the following animals?
a. Buffalo
b. Goat
c. Tiger
d. Elephant
6. Mullaperiyar Dam is constructed on which of the following rivers?
a. Periyar
b. Kaveri
c. Ganga
d. Yamuna
7. When was Prasar Bharti established?
a. 1967
b. 1988
c. 1967
d. 1927
8. Oud is a …
a. Car
b. Language
c. Folk Dance
d. Musical instrument
9. Khan Research Laboratories, which designed Hatf V is located in which city of Pakistan?
a. Kahuta
b. Karachi
c. Lahore
d. None of these
10. How many times was K. Karunakaran selected as the Chief Minister of Kerala?
a. 2
b. 3
c. 4
d. 5
11. The Strategic Arms Reduction Treaty was a bilateral treaty between the United States of
America and …
a. China
b. USSR
c. India
d. None of these
12. Who is the author of Hard Times?
a. Raj Rao
b. Charles Dickens
c. H. G. Wells
d. H. O. Hume
13. Which is the most spoken language in the world?
a. Mandarin
b. English
c. Hindi
d. German
14. The art of communicating through fi ngers is called …
a. Danology
b. Cytology
c. Oncology
d. Dactyology
15. Who built Eiffel Tower?
a. Louis Williams
b. Gustave Eiffel
c. Brendon Eiffel
d. Quin Nan Mian
16. Atom Bomb was invented in which of the following countries?
a. USA
b. France
c. Germany
d. Russia
17. Which is the driest place on the earth?
a. Sahara Desert
b. Atcama Desert
c. Both a and b
d. Atacama Desert
18. When was the first movie made in India?
a. 1957
b. 1927
c. 1961
d. 1988
19. Which city in Rajasthan is known as Sun City?
a. Rajasthan
b. Jaipur
c. Jodhpur
d. Bikaner
20. Which hockey player is also recognised as Magician of Hockey?
a. Dhyan Chand
b. Dhanraj Pillai
c. Ajay Singh
d. Rajesh Tomar
21. The author of God of Small Things is …
a. Nirupama Rao
b. Vikram Seth
c. Salman Rushdie
d. None of these
22. In which year did the Bengal division take place?
a. 1919
b. 1905
c. 1962
d. 1988
23. Who gave the slogan “Yes we can” during his Presidential election?
a. Pratibh Patel
b. Barak Obama
c. George Bush
d. None of these
24. Who is the current Secretary General of United Nations?
a. Kofi Annna
b. Shiv Shankar Menon
c. Ban Ki moon
d. None of these
25. Which city is also known as Empire City?
a. Jaipur
b. New York
c. Delhi
d. Katmandu
26. Where is the world's largest gravity dam located?
a. India
b. Burma
c. Pakistan
d. Nepal
27. Who invented the wrist-watch?
a. Charles Babbage
b. Patek Phillippe
c. Adam Smith
d. None of these
28. In the absence of both President and Vice President, who serves the offi ce of the President of India?
a. Prime Minister
b. Speaker of Lok Sabha
c. The Chief Justice of India
d. Governor of a state
29. Where is the Great Slave Lake located?
a. USA
b. Canada
c. UK
d. Saudi Arabia
30. Which is the longest National Highway in India?
a. NH 24
b. NH 8
c. NH 7
d. NH 2
31. Who is the supreme Commander of Indian Armed Forces?
a. Defence minister of India
b. Prime minister of India
c. President of India
d. None of these
32. Who invented Nylon?
a. William Makepeace
b. Andrew Pitt
c. Wallace Carother
d. None of these
33. Who is the only lady who has won Nobel Prize for Chemistry twice?
a. Madam Curie
b. Carla Arthur
c. Roselyn Black
d. None of these
34. Who is the architect of St. Peter’s Basilica?
a. James Spencer
b. Albert Ivanovich
c. Donate Bramante
d. None of these
35. The national Aquatic animal of India is …
a. Dolphin
b. Whale
c. Pirana
d. Python
36. National Youth Day is celebrated in memory of …
a. Swami Vivekanand
b. Shaheed Bhagat Singh
c. Chandra Shekhar Azad
d. None of these
37. Which Indian state has the largest forest area?
a. Maharashtra
b. West Bengal
c. Tamil Nadu
d. Madhya Pradesh
38. Which of the following animals can survive longest without water?
a. Camel
b. Dog
c. Rat
d. None of these
39. Which African country is in the shape of a horn?
a. Sudan
b. Morrocco
c. Somalia
d. Libya
40. Daughter of the East has been authored by …
a. Jawahar Lal Nehru
b. Nelson Mandela
c. Benazir Bhutto
d. None of these
41. When is the World Population Day observed?
a. December 8
b. August 17
c. October 21
d. July 11
42. Which of the following countries has a 13 month calendar?
a. Brazil
b. Ethopia
c. Siberia
d. Finland
43. When did the Foreign Institutional Investors (FII) enter the Indian Market?
a. 1992
b. 1999
c. 1993
d. 1996
44. The Ryder Cup is associated with which game?
a. Cricket
b. Football
c. Golf
d. Lawn Tennis
45. The Longest Railway Tunnel of the World, Gotthard Base Tunnel, is located in …
a. India
b. Switzerland
c. Germany
d. None of these
46. Hepatology is the study of …
a. Lungs
b. Liver
c. Brain
d. Kidneys
47. Name the fi rst Indian Woman to receive the Nobel Prize.
a. Mother Teresa
b. Fritz Robert
c. Jonathan Brown
d. None of these
48. Bagalihar Project lies on which river?
a. Ravi
b. Kosi
c. Chenab
d. None of these
49. The Tribal Group Kolam belongs to which state?
a. Andra Pradesh
b. Tamil Nadu
c. Bihar
d. Kerala
50. Wular Lake is located in …
a. Jammu and Kashmir
b. Uttar Pradesh
c. Bihar
d. Orissa
ANSWERS
BUSINESS & ECONOMY
1. c. Rolls-Royce
2. b. Accenture India
3. a. $446 million
4. d. `65
5. d. 10%
6. b. Shivraj Puri
7. b. Homex
8. c. Anand Sinha
9. d. $9 million
10. c. Etios
11. a. 34
12. b. HCL Infi net
13. c. 18%
14. a. `1,000 crore
15. d. `26,000 crore
16. b. Jaipal Reddy
17. c. Kamal Nath
18. b. Central Bank of India
19. a. Jalhans
20. d. January 20, 2011
21. c. 1% tax
22. b. August 2011
23. c. Mark Zuckerberg, Facebook
24. a. $500 million
25. b. Bernie Ecclestone
26. d. `4,000 crore
27. c. Uganda
28. b. $105.74 billion
29. a. Creditors
30. c. $125 million
31. a. Inelastic
32. d. Allahabad Bank
33. b. France
34. c. 1959
35. d. 2003
36. c. `1.35 crore
37. a. $1.5 trillion
38. c. 2.52 million
39. c. $600 million
40. a. `55 billion
41. d. 5,896
42. b. 20
43. b. `2,50,000 crore
44. a. 10%
45. c. `4,000 crore
46. b. Goldman Sachs and a Russian investor
47. d. $16 million
48. a. Estonia
49. b. `400 crore
50. a. Vaux Hall
CURRENT AFFAIRS
1. a. Riyadh
2. d.Fourth
3. a. Kushagra Bajaj
4. b. Sushmita Sen
5. b. Goat
6. a. Periyar
7. c. 1967
8. d. Musical instrument
9. a. Kahuta
10. c. 4
11. b. USSR
12. b. Charles Dickens
13. a. Mandarin
14. d. Dactyology
15. b. Gustave Eiffel
16. a. USA
17. d. Atacama Desert
18. c. 1961
19. c. Jodhpur
20. a. Dhyan Chand
21. d. None of these
22. b. 1905
23. b. Barak Obama
24. c. Ban Ki moon
25. b. New York
26. a. India
27. b. Patek Phillippe
28. c. The Chief Justice of India
29. b. Canada
30. c. NH 7
31. c. President of India
32. c. Wallace Carother
33. a. Madam Curie
34. c. Donate Bramante
35. a. Dolphin
36. a. Swami Vivekanand
37. d. Madhya Pradesh
38. a. Camel
39. c. Somalia
40. c. Benazir Bhutto
41. d. July 11
42. b. Ethopia
43. a. 1992
44. c. Golf
45. b. Switzerland
46. b. Liver
47. a. Mother Teresa
48. c. Chenab
49. a. Andra Pradesh
50. a. Jammu and Kashmir
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