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Hone your general knowledge (business GK) as CMAT Feb 2013 nears
mbauniverse.com | 08 Feb, 2013 0625 hrs IST The need is to understand the basics - How and what to prepare in GK

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Before starting preparation, you may divide the GK section into three parts - a) business, finance & economy based b) current affairs India and c) international General knowledge (GK) in various examinations is basically a test of knowledge and IQ of aspirants. All candidates, in one way or the other, are enriching their GK on the topics they like and are inclined to. The need is to understand the basics How and what to prepare in GK. In fact, the study of any subject is not as vast as the study of GK or as you put it, general studies. Questions based on GK in CMAT are of MCQ (multiple choice questions) type. Categories Before starting preparation, you may divide the GK section into three parts a) business, finance & economy based b) current affairs India and c) international. In CMAT, GK questions are generally on business, finance & economy based. Business- & finance-oriented GK improves your understanding of the economic environment, strengthening your IQ and making you better equipped to face group discussions and personal interviews. Beginning with the first part in the series, we give 25 probable questions framed on the CMAT pattern. They cover hot topics in business, finance and economy. Going through them will help you prepare better for forthcoming CMAT examination. Tips to prepare

i) Following questions are indicative. Please read whatever stuff is available on such topics as you may confront these questions in different manner like What is the current CRR, Different between CRR & SLR Instruments for money control, Which is the petroleum product from which subsidy has been fully withdrawn, Budget speech of the President marks the beginning or the conclusion of the Budget session, Where the Budget is presented first in Lok Sabha or in Rajya Sabha, Which company is not included in the NAVRATNA companies of India and so on. ii) Regularly read the business, economy pages of national newspapers like The Times of India and The Hindu and periodicals like The week, India Today, The Economist. Mark the striking events, read editorials and other articles analyzing various national and international events. iii) No doubt the pressure becomes more when the examination is at hand; so follow a balanced approach. Too much of mugging or burning mid-night oil may not be so effective as you may get confused or may forget whatever you learnt last night. It is better to revise the items that you have already studied and keep pace from a certain date as you deem fit to keep you up-to-date. iv) Since the examination paper must have been prepared, at least a month back before the examination date, you may eliminate such events which take place w.e.f. a fortnight or so prior to the examination. Test yourself with 25 business GK questions, prepared by MBAUniverse.com expert, for CMAT 1. The annual loss that the government of India suffers due to subsidy in different forms on petroleum products is approximately (Rs. in thousand crore) a) b) c) d) 50,000 56,000 63,000 74,000 (d) 68,000 55,000 62,000 67,000 74,000

68,000

2. a) b) c) d)

Monetary

policy

of

the of

country

is

decided

by

the

Ministry Group of nationalized Reserve The government of India

Finance, GoI and commercial banks of the country Bank of India in consultation with leading corporate groups (c) Reserve Bank of India

3.

Increasing

the

Cash

Reserve

Ratio

(CRR)

will

(a) (b) (c) (d)

Expand the money supply in the Contract the money supply in the Neither expand nor contract the supply of The term is not related to money supply but the demand

country economy money of cash

(b) Contract the money supply in the economy 4. a) b) c) d) National Bank for Agriculture and Rural Development (NABARD) is-

Direct credit provider to Individuals Rural Bulk credit provider and functions as a Provides seasonal credit to Provides credit to rural

in Rural areas re-financing institution farmers only housing only

(b) Rural Bulk credit provider and functions as a refinancing institution 5. a) b) c) d) 6. a) b) c) d) Special Drawing Rights (SDR) World Federal European Gilt-edged Central Bank market Government Bullion None of these (a) Government refers (b) defined and maintained by

Bank IMF Reserve IMF to securities FII market securities

7. a) b) c) d)

Where

is

the

headquarter

of

Green

Peace Paris York Madrid Amsterdam

New Amsterdam (d)

8. Regional rural banks (RRBs) were given the freedom to fix the rate of interest from which year a) b) c) d) 1996 1999 2003 1996

2007

(a)

9. Bhoomi is the project of online delivery and management of land records in a) b) c) d) 10. a) b) c) d) Who Kerala Bihar Assam Karnataka Housing Bank?

Karnataka is the CMD of

(d) National

Ravi O.P.Munjal (b)

A.Kartikeyan R.V.Verma Agarwal R.V.Verma

11. a) b) c) d)

Which

bank

has

been

awarded

Finance

Asia

Award

2012?

STANDARD KOTAK d)

HSBC ICICI CHARTERED KOTAK

12. Which airline in India is supposed to strike a deal with Etihad Airways? a) b) c) d) c) IndiGo Kingfisher Jet Indian Jet

13. a) b) c) d) 14. a) b) c) d)

Anil

Kakodkar

Committee Airlines Nuclear Sugar

is

related

to...

Railway Which of

modernization the following regulates the

(d)

Railway

safety reactors pricing modernization trading market?

commodities

Forward IRDA (b)

Markets Forward Markets

SEBI Commission RBI Commission

15. a) b) c) d) 16. a) b) c) d) 17. a) b) c) d)

Nobel

Prize

for

Economics Welfare

in

2012

has

been

given

for index theory theory theory

Match Inflation Trade variable is theory a mobile

making (b) operator Match of making which

Softbank

country China Norway Japan Japan

Singapore Which of the following Excise Service Custom None of these (d) is not

c) an indirect

tax? duty tax duty these

none

of

18. Where is headquarters of OECD (Organisation of Economic Cooperation and Development?) a) b) c) d) Madrid Paris Washington Paris

Montreal

(b)

19. Which of the following committee is related to flow of credit to small scale industries? a) b) c) d) 20. a) b) c) d) 21. Deficit Sukumar R V Ganguly Pacific A N committee Economic Sen Mashelkar Khare (d) A S Cooperation has how committee committee committee committee members 17 19 21 21 to by

Ganguly many

Asia

28 financing is

(c) resorted

a) b) c) d) (a)

Central Jointly by

The Bank Scheduled the government The and

of the commercial central bank of

government country banks the country government

22. Budgetary estimates 2012 projected Indias GDP to grow by 6.9% in 2011-12 after having grown at ( ) per cent in preceding two years. a) b) c) d) (7.6) (7.0) (8.4) (8.4)

(8.1)

c)

23. How much amount does the government propose to raise through disinvestment during 201213 (Rs. in crore) a) b) c) d) 15,000 20,000 25,000 30,000

30,000

d)

24. Number of jobs, the National Manufacturing Policy announced in 2012 aims to create is a) b) c) d) 77 4.5 99 10 crores d) 10 lacs crores lacs crores

25) Rajat Gupta, an Indian American philanthropist is convicted on the charges of a) Living in America with b) Lobbying for multi c) Insider d) Outsider Trading c) Insider Trading an expired brand passport retailing Trading