Business General Knowledge (GK) Quiz: Questions & Answers for Business Students / MBA, CAT, XAT preparation

Business Quiz Questions and Answers Updated 7 September 2011

The following is a list of Business General Knowledge (GK) quiz questions and answers to increase your Business GK. These General Knowledge questions are helpful not only for MBA entrance exam aspirants but also for general business knowledge and understanding. This list of Business GK Quiz: Questions-Answers will be updated continuously so bookmark this page keep coming back !
Business GK Quiz Questions & Answers
Latest updated business quiz questions and answers for MBA aspirants of MBA Exams 2011 - 2012
Business Brands General knowledge quiz questions and answers [Set 6]

Q. An electrical engineering graduate from BITS, Pilani, Phani was happy with his Texas Instruments job. But seeing the potential of organizing a certain ticketing platform, he immediately brought in partners. He then went to the registrar of companies with the idea of calling his company 7D, or 'Seven Dudes'. The registrar declined this name, telling them a company's name cannot start with a number. Finally the proposal to name the company Pilani Soft Labs, was accepted in their third visit to the registrar with ______________ being their brand name.

A. redBus
Posted by Rohan Sawlani at 6:49 PM 5 comments

Q. It was 1894, and 26-year old Václav Klement, a bookseller, was unable to obtain spare parts to repair his bicycle. Klement returned his bicycle to the manufacturers, Seidel and Naumann, with a letter, in Czech, asking for them to carry out repairs, only to receive a reply, in German, stating: "If you would like an answer to your inquiry, you should try writing in a language we can understand". A disgusted Klement, despite not having technical experience, decided to start a bicycle repair shop, which he and Václav Laurin opened in 1895. Which company was born henceforth?

A. Skoda Auto

Q. From the very beginning, bowling and X have shared the same path. X's founder John Moses X played an integral part in the birth of the game by building a company dedicated to taking games like billiards and bowling out of fancy Victorian parlors and into the public arena. Moses Bensinger (married to Eleanora X, daughter of John Moses X) had a vision for the modern game of bowling. He standardized rules for the game and organized the first American Bowling Congress in 1895, which held the first significant bowling tournament in 1902. The ABC became a prominent fixture in competitive, professional bowling, and is responsible for developing the professional game and global appeal of the sport as it is known today. Identify this company X who has helped shape the sport as we know it today.

A. Brunswick

Q. In 1968, X founded X Ltd., a coat shop in the York Hotel in New York City, with $10,000. Legend has it that a year later a buyer from Bonwit Teller got off the elevator on the wrong floor, and ended up placing a $50,000 order. It is more likely though, that X showed his work to Bonwit Teller staff, which led to his first collection: a line of men's and women's coats featured at the New York City store.
In 1969, he, who was later described as "the supreme master of minimalism," appeared on the cover of Vogue magazine.
By 1971, sportswear, classic blazers as well as lingerie were added to his women's collection portfolio.
Which fashion magnate had such an accidental and yet such a humble beginning?

A. Calvin Klein

Q. In the early 1900s while India was still under the British rule, one of the strongest manifestations of mass awakening was the desire to patronize all that was 'Swadeshi' (Made in India). Great Indian patriots and eminent businessmen like Shri Bal Gangadhar Tilak, Sir Ratanji Jamshedji Tata, amongst others conceived the idea of a chain of co-operative stores across India. And thus this chain of stores in question came into existence on 14th December, 1905. On December 17th, 1906, the flagship store was inaugurated by Dr. Dadabhai Naoroji. The store was then located at the present Times of India Building, on D.N. Road, Mumbai. In 1938, it shifted to its present location on Sir Pherozeshah Mehta Road. What chain am I talking about?

A. The Bombay Store

Q. The business in question was set up in 1986 by S S Goenka, who founded a small company called Peutronics Pvt. Ltd. with the aim of using computers to simplify the tedious job of keeping accounts. His son Bharat was responsible for the development of the commercial software product which led Peutronics Pvt. Ltd., into changing its name and becoming the company it is today. It now operates from its offices on the Hosur Road, a business district of the Silicon Valley of India and makes financial accounting softwares that currently sells in 88 countries beyond its native India, including the United Kingdom, and the Middle East. Identify this worldly recognized company.

A. Tally Solutions

Q. The first recorded history of the company is in 1366, when records of taxes exist on Leuven's Den Horen Brewery, a brewery that is still in existence today. In 1708, Sebastian became the master brewer at Den Horen, and gave his name to the brewery in 1717.
In 1926, the company was launched initially as a seasonal beer especially for the Christmas holiday market. It was first sold in Canada and it was such a commercial success that the brand became available year round and, apart from the duration of the Second World War, has been produced ever since. The name, logo and the colour associated with it are all inspired from the Christmas season. Identify the company/brand.

A. Stella Artois (Stella is 'star' in Latin.)

Q. In 1949, a young entrepreneur, K. M. Mammen Mappillai, opened a small toy balloon manufacturing unit in a shed at Tiruvottiyur, Madras (now Chennai). Although the factory was just a small shed without any machines, a variety of products, ranging from balloons and squeaking toys to industrial gloves and contraceptives, were produced. Which multi-billion dollar company had such a humble beginning?

A. MRF (Madras Rubber Factory)

Q. Drew Curtis states that the word X originated either from a chat room euphemism for the word "fuck" or from a drunken misspelling, although he tells people it's the former because it's a "better story that way." He registered in September 1997, when a friend mentioned that all the four letter domain names were disappearing. Originally, contained no content except for an image of a squirrel with large testicles.

Since 1993, Curtis had frequently read morning news stories and exchanged them with friends. Although this would later become the inspiration for X, Curtis toyed with the idea of starting an online curry recipe database. In 1999, eighteen months after registering the domain name, he launched X as a way to share interesting news postings with his friends rather than sending them numerous emails. The first story posted was an article about a fighter pilot who crashed while attempting to moon another fighter pilot. Identify this very popular website X.


Q. The Bank of Italy was founded in San Francisco by Amadeo Giannini in 1904, based on catering to immigrants. Amadeo was raised by the Fava/Stanghellini family when his father was shot while trying to collect on a $10.00 debt. When the 1906 San Francisco earthquake struck, Giannini was able to get all of the deposits out of the bank building and away from the fires. Because San Francisco's banks were in smoldering ruins and unable to open their vaults, Giannini was able to use the rescued funds to start lending within a few days of the disaster. From a makeshift desk of a few planks over two barrels, he loaned money to anyone who was willing to rebuild. Which bank evolved as a result of this tragic incident?

A. Bank Of Amercia

Q. This brand X has its origins in Germany, when a trading ban was placed on that nation by the Allies during World War II. The Coca-Cola company therefore was not able to import the syrup needed to produce Coca-Cola in Germany. As a result, Max Keith, the man in charge of Coca-Cola's operations in Germany during the second World War, decided to create a new product for the German market created using only ingredients available in Germany. And hence X was developed. Identify this well known brand X.

A. Fanta

Q. This infamous restaurant chain began operations on October 4, 1983, with the first one in Clearwater, Florida, founded by Alisa Ianelli and built on the site of a former dumpster washing facility that had been purchased at a cheap price. The store actually opened on April 1, 1983, as an "April Fools Day" joke, because the original six owners believed that their prospect was going to fail. Indeed, so many businesses had folded in that particular location that the founders built a small "graveyard" at the front door for each one that had come and gone by them. Name this chain carrying such an interesting history behind it.

A. Hooters

Q. Signor Felice ___________, an Italian, first introduced this concept in India starting in Mumbai in 1965 by forming a company of the same name. His views were way ahead of his time and thus the company didn't do well and started showing tremedous loses. An Indian family saw some potential and bought over the company in 1969 & the company managed to keep the same brand name.
Since 1995, the company has started expanding operations substantially and the turn over has multiplied more than 20 times over a period of 10 years and the average growth rate has been around 40% over this period. Moreover they command a 60% market share of the organized market. Identify this legendary brand.

A. Bisleri

Q. The company was founded in 1886 by then 28-year-old David H. McConnell who sold books door-to-door and gave out perfume to entice women to buy his books. His perfume became so popular that eventually that is all the women wanted. He then founded the California Perfume Company (CPC) in New York in a 500-square-foot (46 m2) manufacturing and shipping office at 126 Chambers Street. Which 42,000 employee hiring; NYSE listed company am I talking about?

A. Avon Products

Q. X was founded in Rochester, New York, in 1851 as The New York and Mississippi Valley Printing Telegraph Company. After a series of acquisitions of competing companies by Hiram Sibley and Don Alonzo Watson, the company changed its name to X Telegraph Company in 1856 at the insistence of Ezra Cornell, one of the founders of Cornell University, to signify the joining of telegraph lines from coast to coast. It introduced the first stock ticker in 1866 and was one of the original eleven companies tracked when the Dow Jones Transportation Average stock market index for the NYSE was created in 1884. Identify X.

A. Western Union

Q. The company in question was started by Jim Jannard in 1975 in his garage with an initial investment of $300. Jannard began by selling what he called 'The ___________ Grip' out of the back of his car at motocross events. His motorcycle grips were unlike other grips riders had seen at the time. Although the grips were successful, brand recognition was limited as the grips were usually concealed by the riders' hands. From then on the company has managed to build a distinctive image and a high ended brand name. It is also the sole company that seven time Tour De France winner Lance Armstrong has a life time deal with. Name it.

A. Oakley

Q. Around 1900, seven brothers named ____________ immigrated to the United States from Italy. They eventually settled on the West Coast in Berkeley, California and became machinists. One of them, Rachele, began making aircraft propellers, inspired by an airshow he saw at the 1915 Panama Pacific Exposition in nearby San Francisco. Rachele and his brothers created an aircraft manufacturing company in Berkeley called "____________ Brothers", which remained in business until 1976, although their product line changed over the years. Name this family that shares its name with the company and is quite a genericized trademark today.

A. Jacuzzi

Q. The company was originally founded in 1937 by Edwin H. Land. It's original dominant market was in sunglasses, an outgrowth of Land's self-guided research after leaving Harvard University after his freshman year. He later returned to Harvard to continue his research. Today, the company's flagship product line is instant film cameras which were introduced in 1948. Name the company that was restructured in 2001 after it filed for bankruptcy.

A. Polaroid

Q. The company was founded in 1946 by Minoru Yoneyama as a producer of wooden floats for fishing nets. The company was later forced out of this market because of the invention of plastic floats. This led to a commitment by Yoneyama to never again be left behind by technological advancements. His company then started producing something due to which it is popular today. Name his company.

A. Yonex
Posted by Rohan Sawlani at 1:44 AM 0 comments

Q. Jeff Braun met Will Wright at a pizza party hosted by Chris Doner in 1987. Wright had been unsuccessful in finding a game publisher for his city-building game SimCity. On the other hand, Braun already had a jet fighter simulation game he hoped to publish, and when he saw SimCity he told Wright that the two games would give them critical mass to start a new games publisher of their own. They named the company ____________. Name the company formed by Jeff and Will which is now a part of EA.

A. Maxis

More Business Quiz questions [Set 5]
Q1. Ideas worth spreading is the tagline of which internet site/movement ?
Ans. TED

Q2. Along with life and libertywhat has FInland included in July 2010 as a citizens’ fundamental right ?
Ans. Broadband

Q3. Why are people in US hating David Beers ?
Ans. He is the sovereign rating head of S & P who down graded US

Q4. Name the two Japanese engineering giants that will merge soon to make a megacorp in a bid to become profitable.
Ans. Hitachi and Mitsubishi

Q5. What unique India’s first advisory service will be offered by a new firm founded by Anil Singhvi ?
Ans. Corporate Governance advice to FIIs

Q6. Which Indian textiles major is withdrawing its brands Zapp, Manzoni and Be:Home ?
Ans. Raymond

Q7. Name China’s state controlled credit rating agency that has downgraded US debt rating.
Ans. Dagong Global Credit rating agency

Q8. Name this traditional Iranian cuisine introduced to Hyderabad by Aga Husain Zabeth of Madina Hotel. 
Ans. Haleem

Q9. Name this old baby food brand that has changed hands atleast 4 times from Glaxo to Heinz o Workhardt and now Danone ?
Ans. Farex

Q10. Loyalty programmes of airlines is old hat. Which airport in India has launched a program for travel agents and passengers ?
Ans. Rajiv Gandhi International Airport,  Hyderabad

Q 11. What is GRIHA, the rating system developed by TERI ?
Ans. Green rating for Integrated Habitat assessment  Central university of Tamil Nadu at Tiruvarur will be the first to get this rating among universities

More MBA general knowledge / Business quiz questions [Set 4]
Q1. Who did the publicity of all Raj Kapoor films after “Sangam” ?
 Ans. Ameen Sayani, the radio broadcaster

Q2. Who said ” We cannot have live broadcast. It is too dangerous” on the decision to scrap DD3 ?
Ans. PV Narasimha Rao , the PM in ’93

Q.4 Who did Rupert Murdoch refer as the “splendid pirates” of the Indian TV industry ?
Ans. cable operators

Q5. What is the business of Tree House, a company currently in the news for IPO ?
Ans. Pre-primary schools

Q6. P, 2P and 3 P are the three categories in which reserves of which natural resources classified ?
Ans. crude oil

Q7. What is “FIAT” money ?
Ans.  Money that has value only because of govt fiat or law

Q8. What unique insurance is offered by ARAG, a German insurance firm, in Britain ?
Ans.  Divorce insurance
Q9. Companies like Way2SMS insert flagging ad tags at the end of messages. What is the jargon for this ?

Q10. Which insurance scheme launched by LIC after the 2008 financial crisis became a big hit ?
Ans. Jeevan Aastha

More Business General Knowledge Quiz Questions & Answers [Set 3]
1 : Name the largest call-centre services company in the world
»  The answer is :Convergys Corp
2 : Which was first dividend-yield focussed fund launched in India?
»  The answer is :Birla Dividend Yield Plus.
3 : Mr Pawan Sachdeva was involved in a major capital market scandal in the mid-1990s.
With which company was he associated?
»  The answer is :M.S.Shoes East
4 : Which was the first bank in India?
»  The answer is :General Bank of India
5 : First Indian bank to open a branch outside India?
»  The answer is :Bank of India
6 : Who is the first Indian woman to graduate from the Harvard Business School?
»  The answer is :Naina Lal Kidwai
7 : Name the 1st woman director on the board of Larsen & Toubro.
»  The answer is :Rajashree Birla
8 : The first commercial cardboard box was produced in...
»  The answer is :England
9 : Which Indian software company is associated with the design of A380?
»  The answer is :Infosys 
10 : Which company manufactured the Ambassador?
» The answer is :Hindustan Motors

More Business GK Quiz Questions: Set 2

1 : This company was called Lutsuko and later changed its name to something that literally means 'to lose money'. Which one
»  The answer is :Sony

2 : Which car in Spanish means 'Charming'
»  The answer is :Matiz

3 : Which international brand had an ad campaign - 'Tomorrow is mine' and had signed Rahul Dravid for the campaign
»  The answer is :Reebok

4 : This organisation has 1356 members and has the ad-line
»  The answer is :NYSE

5 : Of whom did Shahrukh Khan once say that 'our figures are similar'
»  The answer is :Cindy Crawford

6 : Who designs jewellery for the company called Artex
»  The answer is :Priyanka Gandhi

7 : What is a coin with a minting error called
»  The answer is :FIDO

8 : What is the name of the new FM channel introduced by India Today
»  The answer is :Red

9 : What is 'Agfa' the trade mark for
»  The answer is :Photo Goods

10 : Which international airline uses the slogan
»  The answer is :Thai Airways

11 : The Indian born, who was recently promoted as the President of Pepsi Co
»  The answer is :Indira Nooyi

12 : Which Indian Entrepreneur was recently awarded the Max Schmidheiny Foundation Freedom Award
»  The answer is :N R Narayana Murthy

13 : TIndia's weightage in Morgan Stanley Capital International (MSCI) index has been cut to ___ %
»  The answer is :4.4

14 : The controversial MIP-95 mutual fund scheme belongs to ______.
»  The answer is :U.T.I

15 : India's first electric car is known as _____.
»  The answer is :Reva

16 : The CEO of Zee Telefilms is ________.
»  The answer is :Subhash Chandra

17 : The Span of Eighth Five Year Plan has been decided
»  The answer is :1992-97

18 : The growth rate for the Eighth Plan is scheduled to be
»  The answer is :About 5.6

19 : Sakaria Panel Report ws associated withFixation of procurement prices
»  The answer is :Centre-State Relations

20 : Inflation Rate on 30th project is in the State of
»  The answer is :Gujrat

21 : UKAI multi-purpose project is in the stateof
»  The answer is :Gujrat

22 : The central Board of Irrigation and power was set-up in
»  The answer is :1927

23 : The nationla water Development Agency was established
»  The answer is :July 1982

24 : National Institute of Hydrology was set up in 1978 with its Headquarters at
»  The answer is :Roorkee

25 : What is the name of a multi-purpose project,whuch serves Bihar and Nepal
»  The answer is :Kosi Project

26 : Which one of the following is the world's longest dam located on Mahanadi rive
»  The answer is :Hirakud

27 : What is meant by a Floating Debt
»  The answer is :A short term debt

28 : What is meant by the term appreciation of money
»  The answer is :It is the rise in the price of money

29 : What is meant by Consumer's surplus' in Economics
»  The answer is :It is the difference between the maximum price whuch a consumer would be prepared to pay for a commodity and the price he hs actually to pay in the market

30 : What was the Duration of the Seventh Five year plan in India
»  The answer is :1985-1990

Business Quiz Questions : Set 1 

1 : who invented first microphone & when?
»  The answer is :Emile Berliner - march 4

2 : What is the headquarters of the Tata group called?
»  The answer is :Bombay House

3 : India's first steel mill was built by the Tatas. In which year was it completed?
»  The answer is :1911

4 : About 66 per cent of the Tatas' capital is allocated by Tata Sons for which purpose?
»  The answer is :Philanthropic trusts

5 : What was the first Indian luxury hotel established by the Tatas?
»  The answer is :Watson Hotel

6 : What is Satyam's BPO company called?
»  The answer is :Nipuna

7 : What is the name of the BPO company recently launched by former Karnataka State IT secretary Vivek Kulkarni?
»  The answer is :B2K Corp

8 : What is British Airway's BPO unit called?
»  The answer is :World Network Services

9 : The Aditya Birla group recently acquired which BPO company?
»  The answer is :Transworks Customer

10 : Which organisation instituted the Nobel Prize for Economics?
»  The answer is :Sveriges Riksbank

11 : Who is the first Asian to win the Nobel Prize for Economics?
»  The answer is :Amartya Sen

12 : How many women have won the Nobel Prize for Economics since 1969?
»  The answer is :none

13 : Who is the oldest recipient of the Nobel Prize for Economics?
»  The answer is :William Vickrey

14 : How many times have three people shared the Nobel Prize for Economics?
»  The answer is :3 times

15 : Which brand of scooter when translated into Italian means 'wasp'?
»  The answer is :Vespa

16 : UKAI multi-purpose project is in the state of
»  The answer is :Gujrat

17 : W ho topped in top business houses in the country during 1990-91
»  The answer is :Birla

18 : Tin is largely produced in
»  The answer is :Malaysia

19 : Koyna project is in the state of
»  The answer is :Maharashtra

20 : Where is the fifth atomic power plant to be located
»  The answer is :Khakharpara

21 : The Indian born, who was recently promoted as the President of Pepsi Co
»  The answer is :Indira Nooyi

22 : What brandname did the Maharashtrian entrepreneur, Kaka Dandekar, coin after seeing an American cigarette ad in 1930?
»  The answer is :Onida

23 : Which Indian Entrepreneur was recently awarded the Max Schmidheiny Foundation Freedom Award ?
»  The answer is :N R Narayana Murthy

24 : The Sarbanes-Oxley Act of 2002 was passed largely in response to
»  The answer is :The corporate accounting scandals of the previous couple of years

25 : The Sarbanes-Oxley Act sets out the general principles of the law. It gives which of the following agencies primary responsibility for writing specific rules to implement the law:
»  The answer is :The Securities and Exchange Commission

26 : Sarbanes-Oxley applies to:
»  The answer is :All companies that are required to file reports with the Securities and Exchange Commission

27 : Under the new rules, an accounting firm that does an audit is prohibited from providing many other accounting services. Which of the following is specifically permitted under Sarbanes-Oxley
»  The answer is :Tax services

28 : Not all possible services that might be provided by the auditing firm are expressly prohibited by Sarbanes-Oxley. If a non-audit service is not expressly prohibited, the auditing firm may provide that service:
»  The answer is :If the audit committee gives its prior approval

29 : Which of the following state has the lowest density of population as per 1981 census
»  The answer is :Sikkim

30 : Where is the currency Pringing Press Located at
»  The answer is :Nasik


  1. cool page!!!
    and i really liked these questions!!

  2. really great collection of informations...really helped thanks a lot

  3. it's really a knowledge gain sharing...

  4. good work..
    Thanks a lot

  5. Very helpful questions for knowledge sharing. Clever, especially those with scooter grips. I hope I find good ones to purchase.


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