{"id":14188,"date":"2022-02-24T05:03:45","date_gmt":"2022-02-24T05:03:45","guid":{"rendered":"https:\/\/ischoolconnect.com\/blog\/?p=14188"},"modified":"2025-02-19T16:48:22","modified_gmt":"2025-02-19T11:18:22","slug":"business-quiz-business-enthusiasts-this-quiz-is-for-you","status":"publish","type":"post","link":"https:\/\/ischoolconnect.com\/blog\/business-quiz-business-enthusiasts-this-quiz-is-for-you\/","title":{"rendered":"Business Quiz, Business Enthusiasts, This Quiz Is For You"},"content":{"rendered":"<h2 id=\"begin-your-entrepreneurial-and-business-journey\" style=\"text-align: left;\"><b>Begin Your Entrepreneurial and Business Journey!<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Are you thinking about getting a business management degree? Or are you a business enthusiast who wants to learn more about the industry? If you answered yes for both or even one of these questions, check if you\u2019re ready to study abroad and test your knowledge about business, careers, companies, brands, and more with these online business quiz questions!<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Also learn: <\/b><a href=\"https:\/\/ischoolconnect.com\/blog\/how-geography-quiz-can-help-you-develop-your-general-knowledge\/\"><b>How Geography quiz can help you develop your general knowledge<\/b><\/a><\/p>\n<h2 id=\"what-is-the-importance-of-a-business-quiz\" style=\"text-align: left;\"><b>What is the Importance of a Business Quiz?<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Your company\u2019s success is built on a solid strategy. The strategy contains marketing, logistics, financing, sales, and other areas. All of these elements will help you succeed in business! But this can only happen if you learn how to strategize and manage different functions of a business.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A business quiz is a fun and educational way to test your knowledge while also teaching you more about business and helping you become a successful entrepreneur. So, try out business quiz questions along with reading those heavy <\/span><a href=\"https:\/\/ischoolconnect.com\/blog\/business-books-check-out-these-recommendations-by-leaders\/\"><span style=\"font-weight: 400;\">business books<\/span><\/a><span style=\"font-weight: 400;\"> to enhance your knowledge.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Business Quiz Questions with Answers!<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li><b> Business Quiz for Students<\/b><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q1. Which economic system is related to the word \u201claissez-faire\u201d?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Capitalist <\/span><a href=\"https:\/\/ischoolconnect.com\/blog\/frequently-asked-questions-in-economics-interview-you-must-know\/\"><span style=\"font-weight: 400;\">Economy\u00a0<\/span><\/a><\/p>\n<p style=\"text-align: justify;\"><b>Q2. What does the acronym IPO stand for in the business world?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">IPO is an initial public offering. This means the initial sale of privately owned equity, i.e., stock or shares, in a company, via the issue of shares to the public and other investing institutions.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q3. Which cosmetics brand offers an augmented reality app called \u201cModiface\u201d?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">L\u2019Oreal<\/span><b>\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Q4. In terms of monetary value, which country imports the most?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">The United States of America\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q5. Which law states that a small fraction of a group contributes to a high percentage of the outcomes?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Pareto\u2019s law\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q6. What is the first step in the internationalization process?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer-<\/b><span style=\"font-weight: 400;\"> Licensing\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q7. All forecasting and order choices for a company\u2019s distribution network are made centrally. Which systems does the organization employ to do that?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Push system\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q8. Which technology company\u2019s name signifies \u201cChinese Achievement\u201d? (It\u2019s an unlisted company that\u2019s now outlawed in the US, and the US Commerce Department is increasingly requesting that all partner countries\u2019 companies stop doing business with it).\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Huawei\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Read:<\/b><a href=\"https:\/\/ischoolconnect.com\/blog\/top-science-quiz-questions-and-answers-for-practice\/\"><b> Top 30 Science quiz questions and answers for practice!<\/b><\/a><\/p>\n<p style=\"text-align: justify;\"><b>Q9. Which is the largest natural gas firm in the world?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">China National Petroleum Corporation<\/span><b>\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Q10. According to which theory the holdings of a country\u2019s treasure primarily in the form of gold constituted its wealth?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Mercantilism Theory\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q11. What does OECD stand for?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Organization for Economic Co-operation and Development\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q12. Which is the only item that Rolls Royce imports from India?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Malabar teak wood<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q13. What is the name of the artist who sells 17% of modern art?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Andy Warhol. In his debut show, he displayed 32 Campbell\u2019s soup cans paintings.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q14. In the 1960s, who created the \u2018Equity Theory\u2019 of job motivation?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer-<\/b><span style=\"font-weight: 400;\"> John Stacey Adams\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q15. Because one firm skews the data, several analysts in the United States have decided to omit its results from corporate earnings. Give the name of that company.\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Apple\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q16. What does NAFTA stand for?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">North American Free Trade Agreement\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q17. What does \u201ctyranny of the flagship\u201d entail in the mobile phone market, according to the Economist?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Companies like iPhone and Samsung Galaxy walking away with profits.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q18. To compete with online merchants, Walmart has launched a 48-dollar membership program. Every month, the buyers would receive a package. AI would choose the items in this box. If the buyer keeps everything, they will save 50%. What would be in the box?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer-<\/b><span style=\"font-weight: 400;\"> Kids\u2019 clothes\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q19. Where is Google\u2019s first retail location, where Chromebooks, Pixel smartphones, Google Home speakers, Nest home devices, and Daydream VR headsets will be sold?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer-<\/b><span style=\"font-weight: 400;\"> Chicago\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q20. Which is the world\u2019s oldest company still in existence?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Kongo Gumi is the world\u2019s oldest continuously operational firm, founded in 578 AD. The company\u2019s headquarters are in Osaka, Japan. Prince Shotoku commissioned an immigrant to build the Shitenn-Ji Buddhist temple, and he created this construction enterprise.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q21. Who created the ten stages of the corporate life cycle, which begin with courtship and ends with bureaucracy and death?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Dr. Ichak Adizes\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q22. What is the management technique commonly known as MBWA?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">Tom Peters coined the phrase \u201cmanagement by walking about\u201d or \u201cwandering around\u201d in Search Of Excellence, 1982.<\/span><b>\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Q23. What does NASDAQ stand for?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer- <\/b><span style=\"font-weight: 400;\">National Association of Securities Dealers Automated Quotations\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q24. Who was the first to invent the phrase \u201ctransformational leadership\u201d?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer-<\/b><span style=\"font-weight: 400;\"> James Macgregor Burns\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q25. According to the World Economic Forum\u2019s Global Competitiveness Report, which country has the most competitive economy in the world?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer-<\/b><span style=\"font-weight: 400;\"> The United States of America\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Learn about: <\/b><a href=\"https:\/\/ischoolconnect.com\/blog\/business-studies-eligibility-courses-and-careers\/\"><b>Business studies | Eligibility, Courses and more<\/b><\/a><\/p>\n<ol style=\"text-align: justify;\">\n<li><b> Business quiz questions for College students<\/b><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q1. Which of the following would not be included in the business plan when planning to open a brand new business?<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial predictions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Market research<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>Last year&#8217;s profit and loss figures<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Aims and objectives<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q2. What does the term SWOT mean ?<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales, Weaknesses, Options, Threats<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales, Weekly, Opportunities, Time<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>Strengths, Weaknesses, Opportunities, Threats<\/i><\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengths, Weaknesses, Opportunities, Time<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q3. You must include uncertainties and risk in a business plan.<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>True<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">False<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q4. Sole traders have _______________ liability.\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">(limited\/<\/span><b><i>unlimited<\/i><\/b><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q5. A disadvantage to the owner of a business of being a PLC is<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>There may be conflicts in decision making between shareholders<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">They have unlimited liability<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">They can only sell shares to friends and family<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All of the above<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q6. Tick any of these that are advantages of taking over a competitor.<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>It reduces the number of competitors in your market<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There may be a conflict on the best way of doing things<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>You can share ideas and expertise<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can steal their ideas.<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q7. What is a franchise?<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>When someone from outside of the business opens a branch that uses the image and reputation of the firm<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When the head office of a big firm open a new branch<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Both A and B<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">None of the above<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q8. Select any of the following that are stakeholders of McDonalds.<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Owner<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Competitor<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Anti-Obesity charity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supplier<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>All of the above<\/i><\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>Q9. What does the M stand for in &#8216;SMART&#8217; objectives?<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meaningful<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>Measurable<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Misleading<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mesmorising<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q10. Every stakeholder has a say in major decision making within a business.<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">True<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>False<\/i><\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>Q11. When deciding on the location of your business, you want somewhere with high &#8216;footfall&#8217;. What does &#8216; high footfall&#8217; mean?<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An area where people seem to fall over a lot<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b>An area with high traffic of people on foot<\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An area where high numbers of people like football<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q12. Which area do you think has a higher level of &#8216;footfall&#8217;.<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>Liverpool 1<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ormskirk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Southport<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maghull Square<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q13. What might be a downside to a city center location?<\/b><\/p>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lots of competitors in same area<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High levels of rent<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Parking is expensive for potential customers<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>All of the above<\/i><\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>Q14. An advantage of asking closed-answer questions in a questionnaire is that they are easier to analyze.<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b><i>True<\/i><\/b><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">False<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q15. If you carry out the market research yourself it is called ____________ research.\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">(<\/span><b><i>primary<\/i><\/b><span style=\"font-weight: 400;\">\/secondary)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Correct Answer : primary<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Check out: <\/b><a href=\"https:\/\/ischoolconnect.com\/blog\/top-quiz-for-students\/\"><b>Top 15 Quiz for students<\/b><\/a><\/p>\n<ol style=\"text-align: justify;\">\n<li><b> Business Quiz questions for Management Fest<\/b><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q1. Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211;<\/b><span style=\"font-weight: 400;\"> X-Theory (or Theory-X &#8211; is authoritarian, autocratic and repressive) and Y-Theory (or Theory-Y &#8211; participative, delegating, and developmental &#8211; or words to similar effect as these two descriptions)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q2. With what was the Kyoto Summit concerned?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Global climate change (in other words, greenhouse gas emissions)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q3. What are the four sequential stages of the &#8216;conscious competence&#8217; learning model?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Unconscious Incompetence, Conscious Incompetence, Conscious Competence, Unconscious Competence<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q4. What is the &#8216;1st Law of Cybernetics&#8217; (aka the &#8216;Law of Requisite Variety&#8217;)?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">The unit within the system with the most behavioural responses available to it controls the system. (or words to that effect)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q5. What are the four main &#8216;Temperament&#8217; types called within David Keirsey&#8217;s Temperaments personality theory?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211;<\/b><span style=\"font-weight: 400;\"> Artisan, Idealist, Guardian, Rational\/Rationalist<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Q6. According to the Tannenbaum and Schmidt Continuum theory relating to leadership, delegation and team development, what must be reduced in order for the team&#8217;s area of freedom (and growth) to increase?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">The manager&#8217;s use of authority<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q7. What does the financial term ROI stand for?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Return On Investment<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q8. Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">David Kolb\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q9. Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie., the title is also the subject) 1995 book?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Emotional Intelligence<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q10. What is psychometrics?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211;<\/b><span style=\"font-weight: 400;\"> The science of measuring (or testing) human personality type (or mental abilities)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q11. What is the management technique that is commonly and informally abbreviated to MBWA?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Management By Walking About (or Wandering Around) &#8211; the term is generally attributed to Tom Peters (In Search Of Excellence, 1982) although it was probably part of a new management ideology first pioneered by a few bright American companies as far back as the 1940&#8217;s<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q12. Large size hand-writing generally indicates what characteristics in the personality of the writer?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Extraverted or out-going nature<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q13. Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Write a letter to the employee explaining the issue; Have a meeting with the employee to discuss the issue; Hold or offer an appeal meeting with the employee if required.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q14. What are the &#8216;Four Functional Types&#8217; within Carl Jung&#8217;s theory?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Thinking, Feeling, Sensation, Intuition<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q15. Bruce Tuckman&#8217;s theory about team development uses what four sequential rhyming words to describe the four stages of a group&#8217;s progression?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211;<\/b><span style=\"font-weight: 400;\"> Forming, Storming, Norming, Performing<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q16. What are Howard Gardner&#8217;s seven (original) Multiple Intelligences?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Linguistic (words and language), Logical-Mathematical (logic and numbers), Musical (music, sound, rhythm), Bodily-Kinesthetic (body movement control), Spatial-Visual (images and space), Interpersonal (other people&#8217;s feelings), Intrapersonal (self-awareness)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q17. According to Herzberg&#8217;s motivational theory, which of these are &#8216;hygiene needs&#8217; (also called &#8216;maintenance factors&#8217;) and which are true &#8216;motivators&#8217;: work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Of the examples listed, hygiene needs are: work conditions, salary, company car, status (true motivators in the list are achievement, recognition, work itself, responsibility, advancement, and personal growth)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q18. What does VAK stand for in the learning styles theory?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Visual, Auditory, Kinesthetic\/Kinaesthetic (three different learning styles or methods &#8211; seeing, listening, doing)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q19. What does the business acronym IPO stand for?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Initial Public Offering (meaning the initial sale of privately owned equity, i.e., stock or shares, in a company, via the issue of shares to the public and other investing institutions)<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q20. What does the PEST stand for in PEST analysis?<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer &#8211; <\/b><span style=\"font-weight: 400;\">Political, Economical, Social, Technological<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Explore: <\/b><a href=\"https:\/\/ischoolconnect.com\/blog\/top-reasons-why-quiz-games-are-beneficial\/\"><b>Top 8 reasons why quiz are beneficial<\/b><\/a><\/p>\n<ol style=\"text-align: justify;\">\n<li><b> Easy business quiz questions<\/b><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q1. Which companies&#8217; mobile phones are marketed with the slogan &#8211; Big inside. Small Outside<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) Nokia<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) Sony<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>c) Samsung<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) Motorola<\/span><b><br \/>\n<\/b><b>Q2. Which Indian Enterprise used the slogan &#8211; Improving the quality of Life.<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) Reliance<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>b) TATA<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) Birla<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) ITC<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q3. Which newspaper says you needn&#8217;t read us to understand us?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) Times of India<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) The Hindu<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) Indian Express<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>d) Malayalam Manorama<\/i><\/b><b><br \/>\n<\/b><b>Q4. Which network marketing company sells with the slogan &#8211; Better Ideas- Better Life<\/b><b><br \/>\n<\/b><b><i>a) Amway<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) SkyBiz<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) HLL<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) Nirma<\/span><b><br \/>\n<\/b><b>Q5. What is the name of the mobile company which was acquired by Sony ?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) Nokia<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>b) Ericsson<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) DoCoMo<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) CellOne<\/span><b><br \/>\n<\/b><b>Q6. Forester is the name of a car manufactured by<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) Ford<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) BMW<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>c) Chevrolet<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) Mitsubishi<\/span><b><br \/>\n<\/b><b>Q7. Louie Philippe is the brand name of a<\/b><b><br \/>\n<\/b><b><i>a) shirt<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) paper<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) car<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) luggage ware<\/span><b><br \/>\n<\/b><b>Q8. Power is the name of oil from which of the following Oil giants?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) IOCL<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>b) HP<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) BPCL<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) Shell<\/span><b><br \/>\n<\/b><b>Q9. Carrier is a leading name in the field of<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">a) Air Cooling<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) Air Conditioning<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><i>c) Refrigeration<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) Icing<\/span><b><br \/>\n<\/b><b>Q10. Which car gives you &#8211; Fun on the Run<\/b><b><br \/>\n<\/b><b><i>a) Alto<\/i><\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b) Icon<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c) Lancer<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">d) City<\/span><\/p>\n<ol style=\"text-align: justify;\">\n<li><b> Business Quiz Current Affairs<\/b><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><b>Q1.According to ILO, the Global Unemployment rate is expected to fall slightly to what percent in 2024?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] 4.5%<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[B] 4.9%<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] 5.3%<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] 5.5%<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q2. Which institution recently released the framework for Self-Regulatory Organisations (SROs) for the fintech sector?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] RBI<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] SEBI<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] NABARD<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] IRDAI<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q3. Recently, which organization has launched the \u2018Bank Clinic\u2019 initiative to assist bank customers with grievance redressal?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] All India Bank Employees\u2019 Association (AIBEA)<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] State Bank of India (SBI)<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Ministry of Finance<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] None of the Above<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q4. Recently, which country emerged as India\u2019s third largest export destination in 2023-24?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] Netherlands<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Mexico<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Malaysia<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Singapore<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q5. NPCI International Payments Ltd (NIPL) recently joined hands with which South American country to enable UPI payments?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Brazil<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Argentina<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[C] Peru<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Chile<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q6. Recently, CSC SPV signed an MoU with which ministry to convert 10,000 FPOs into CSCs?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] Ministry of Agriculture<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Ministry of Communications<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Ministry of Defence<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Ministry of MSMEs<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q7. Which organization recently released the \u2018Global Economic Prospects\u2019 report?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] World Bank<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] UNEP<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] UNDP<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] ILO<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q8. Which aerospace company recently has signed an agreement with UAE\u2019s Edge Group to collaborate on drones, missiles, and cyber technologies?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] Adani Defence<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Tata Advanced Systems Limited<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Aeronautical Development Agency<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Mahindra Aerospace<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q9. Recently, the APEDA has facilitated the successful export of the first consignment of MD 2 variety pineapples to which country?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Sri Lanka<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] France<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[C] UAE<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Myanmar<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q10. Which firm has recently joined the Low Methane Rice project (LMRP) to promote Direct Seeded Rice (DSR) in Uttar Pradesh?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] KisanKraft Limited<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Reliance Industries<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Ambrosia Organic Farm<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Tata Group<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q11. Right to Repair Portal, recently seen in news, was launched by which ministry?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Ministry of Defence<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Ministry of\u00a0 Science and Technology<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Ministry of Power<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[D] Ministry of Consumer Affairs<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><b>Q12. Emergency Credit Line Guarantee Scheme (ECLGS), recently seen in the news, is under the operational domain of which ministry?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Ministry of Urban Development<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Ministry of Defence<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[C] Ministry of Finance<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Ministry of Rural Development<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q13. According to the NITI Aayog report, India has set a target to achieve 500 billion US dollar in electronics manufacturing in value terms by which year?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] 2025<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] 2027<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[C] 2030<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] 2032<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q14. How much funding has the Finance Ministry recently allocated for the Namo Drone Didi scheme?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Rs 600 crore<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Rs 400 crore<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[C] Rs 500 crore<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Rs 300 crore<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q15. Recently, the Atomic Minerals Directorate for Exploration and Research (AMD) discovered 1600 tonnes of lithium resources in which state?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Gujarat<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Rajasthan<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Kerala<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[D] Karnataka<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><b>Q16. What is \u2018Surrogate Advertising\u2019, recently seen in the news?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] A type of advertisement for new sports equipment<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[B] An advertisement that duplicates the brand image of one product to promote another product of the same brand<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] A campaign to promote public health<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] A form of digital marketing<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q17. Which ministry recently launched \u201cVersion 4.0 of Price Monitoring System (PMS) Mobile app\u201d?<\/b><\/p>\n<p style=\"text-align: justify;\"><b><i>[A] Ministry of Consumer Affairs, Food and Public Distribution<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[B] Ministry of Agriculture<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Ministry of Power<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Ministry of Rural Development<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q18. What is \u2018Cheque Truncation System (CTS)\u2019, recently seen in the news?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] The process of transferring a physical cheque from the drawer to the paying bank<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[B] The process of stopping the physical movement of a cheque and using its electronic image instead<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] The process of clearing a cheque without any security measures<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] The process of verifying a cheque manually at the paying bank branch<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q19. What is an \u2018Overnight Index Swap (OIS)\u2019, recently seen in the news?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] A fixed-income security<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[B] A derivative instrument that swaps fixed-rate returns with a daily overnight index<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] A type of equity investment<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] A foreign exchange contract<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Q20. What is \u2018Tantalum\u2019, recently seen in the news?<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[A] Black Hole<\/span><\/p>\n<p style=\"text-align: justify;\"><b><i>[B] Rare metal<\/i><\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[C] Asteroid<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">[D] Submarine<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Discover : <\/b><a href=\"https:\/\/ischoolconnect.com\/blog\/best-undergraduate-business-schools-in-2021\/\"><b>Best Undergraduate Business schools and master your business skills<\/b><\/a><\/p>\n<p style=\"text-align: left;\"><b>Key Takeaways<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Online Business quizzes give you immediate feedback and results so you can assess your performance. The result will also assist you in improving your preparation.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The diversity of business themes available will allow you to broaden your knowledge of the business world.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The more you know, the more money you\u2019ll make. Taking a business quiz is an excellent method to put your general business knowledge to the test.\u00a0<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">So there you have it- our top picks for the best business trivia questions and answers. Please<\/span> <a href=\"https:\/\/ischoolconnect.com\/en\/contact-us\/\"><b>reach out to us<\/b><\/a><span style=\"font-weight: 400;\"> in case of any further assistance you may require building a future career in business. You can even drop a comment below!\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Liked this blog? Read next:<\/b> <a href=\"https:\/\/ischoolconnect.com\/blog\/general-knowledge-books-amazing-books-you-must-read\/\"><b>General knowledge books | Amazing books you must read<\/b><\/a><\/p>\n<p style=\"text-align: left;\"><b>FAQs<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Ques 1: How can I prepare for a business quiz?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer 1: <\/b><span style=\"font-weight: 400;\">Follow these tips to prepare for a business quiz-<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Read newspapers and publications as it will help you learn more.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Practice with your friends and family.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Break your preparation. Do one business-related topic at a time.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Preparing a mock quiz for yourself would help too.\u00a0<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>Ques 2: Are business quizzes helpful?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer 2:<\/b><span style=\"font-weight: 400;\"> Reading information for the purpose of learning business has its merits. But, reading information and then taking a quiz is far more effective. Forcing your brain to retain information guarantees that it is \u2019embedded\u2019 for future use.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Ques 3: Is it appropriate to include multiple-choice questions in a quiz?\u00a0<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Answer 3: <\/b><span style=\"font-weight: 400;\">According to most experts, multiple-choice questions are ineffective methods for assessing the ability to synthesize and analyze information or apply knowledge to complicated issues.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Begin Your Entrepreneurial and Business Journey! Are you thinking about getting a business management degree? Or are you a business enthusiast who wants to learn more about the industry? If you answered yes for both or even one of these questions, check if you\u2019re ready to study abroad and test your knowledge about business, careers, [&hellip;]<\/p>\n","protected":false},"author":69,"featured_media":14472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[54],"tags":[1230,681],"class_list":["post-14188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-test-preps","tag-business-quiz","tag-profile-building"],"better_featured_image":{"id":14472,"alt_text":"business quiz","caption":"","description":"25 business quiz 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