50 Business Quiz Questions With Answers
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Here is a 10-round quiz with 10 questions per round, each with a right answer and a one-liner explanation.
Round 1: Indian Economy
What is the current GDP of India?
Answer: $2.9 trillion (2021).
Explanation: The GDP of India measures the total economic output of the country and is an indicator of its economic performance.
Which sector contributes the most to the Indian economy?
Answer: Services.
Explanation: Services sector contributes the most to the Indian economy, accounting for more than half of its GDP.
What is the name of the Indian stock exchange located in Mumbai?
Answer: Bombay Stock Exchange (BSE).
Explanation: BSE is the oldest stock exchange in Asia and the first in India.
Which Indian company is the largest exporter of IT services?
Answer: Tata Consultancy Services (TCS).
Explanation: TCS is a multinational IT services, consulting, and business solutions company headquartered in Mumbai.
What is the name of the Indian government’s flagship program to promote entrepreneurship and job creation?
Answer: Startup India.
Explanation: Startup India is a government initiative launched in 2016 to promote and support startups in India.
Which Indian company is the largest producer of steel in the country?
Answer: Steel Authority of India Limited (SAIL).
Explanation: SAIL is a state-owned steel-making company headquartered in New Delhi.
What is the name of the Indian government’s digital payment platform?
Answer: Unified Payments Interface (UPI).
Explanation: UPI is a real-time payment system developed by the National Payments Corporation of India.
Which Indian company is the largest producer of automobiles in the country?
Answer: Maruti Suzuki India Limited.
Explanation: Maruti Suzuki is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki.
What is the name of the Indian government’s flagship program to promote financial inclusion?
Answer: Pradhan Mantri Jan Dhan Yojana (PMJDY).
Explanation: PMJDY is a government initiative launched in 2014 to provide access to financial services to the unbanked population of India.
Which Indian company is the largest producer of cement in the country?
Answer: UltraTech Cement Limited.
Explanation: UltraTech Cement is a subsidiary of the Aditya Birla Group and is headquartered in Mumbai.
Round 2: Indian Business Leaders
Who is the founder of Reliance Industries?
Answer: Dhirubhai Ambani.
Explanation: Dhirubhai Ambani was an Indian business tycoon and the founder of Reliance Industries, one of the largest conglomerates in India.
Who is the current CEO of Tata Sons?
Answer: Natarajan Chandrasekaran.
Explanation: Natarajan Chandrasekaran is an Indian businessman and the current chairman of Tata Sons, the holding company of the Tata Group.
Who is the founder of Infosys?
Answer: Narayana Murthy.
Explanation: Narayana Murthy is an Indian IT industrialist and the founder of Infosys, one of the largest IT services companies in India.
Who is the current CEO of Wipro?
Answer: Thierry Delaporte.
Explanation: Thierry Delaporte is a French businessman and the current CEO and managing director of Wipro, an Indian multinational corporation providing IT consulting and business process services.
Who is the founder of Mahindra Group?
Answer: Anand Mahindra.
Explanation: Anand Mahindra is an Indian billionaire businessman and the chairman of Mahindra Group, a conglomerate headquartered in Mumbai.
Who is the founder of Adani Group?
Answer: Gautam Adani.
Explanation
Who is the current CEO of Reliance Industries?
Answer: Mukesh Ambani.
Explanation: Mukesh Ambani is an Indian billionaire businessman and the current chairman and managing director of Reliance Industries.
Who is the founder of HCL Technologies?
Answer: Shiv Nadar.
Explanation: Shiv Nadar is an Indian industrialist and philanthropist and the founder of HCL Technologies, a multinational IT services company.
Who is the current CEO of HDFC Bank?
Answer: Sashidhar Jagdishan.
Explanation: Sashidhar Jagdishan is an Indian banker and the current CEO of HDFC Bank, one of the largest private sector banks in India.
Who is the founder of Flipkart?
Answer: Sachin Bansal and Binny Bansal.
Explanation: Sachin Bansal and Binny Bansal are Indian businessmen and the co-founders of Flipkart, an Indian e-commerce company.
Round 3: Indian Industries
Which Indian city is known as the “Silicon Valley” of India?
Answer: Bengaluru.
Explanation: Bengaluru is the hub of India’s IT industry and is home to many multinational companies and startups.
Which Indian state is the largest producer of cotton?
Answer: Gujarat.
Explanation: Gujarat is the largest producer of cotton in India and is also known for its textile industry.
Which Indian state is the largest producer of tea?
Answer: Assam.
Explanation: Assam is the largest producer of tea in India and is known for its tea plantations.
Which Indian state is the largest producer of jute?
Answer: West Bengal.
Explanation: West Bengal is the largest producer of jute in India and is known for its jute industry.
Which Indian state is the largest producer of natural rubber?
Answer: Kerala.
Explanation: Kerala is the largest producer of natural rubber in India and is known for its rubber plantations.
Which Indian state is the largest producer of spices?
Answer: Kerala.
Explanation: Kerala is the largest producer of spices in India and is known for its spice plantations.
Which Indian city is known as the “Diamond City” of India?
Answer: Surat.
Explanation: Surat is a major center for diamond cutting and polishing in India and is also known for its textile industry.
Which Indian state is the largest producer of sugar?
Answer: Uttar Pradesh.
Explanation: Uttar Pradesh is the largest producer of sugar in India and is known for its sugarcane plantations.
Which Indian state is the largest producer of milk?
Answer: Uttar Pradesh.
Explanation: Uttar Pradesh is the largest producer of milk in India and is known for its dairy industry.
Which Indian state is the largest producer of iron ore?
Answer: Odisha.
Explanation: Odisha is the largest producer of iron ore in India and is known for its mining industry.
Round 4: Indian Business History
Which was the first Indian company to be listed on the New York Stock Exchange?
Answer: Tata Consultancy Services (TCS).
Explanation: TCS was listed on the New York Stock Exchange in 2004, making it the first Indian company to do so.
Which was the first Indian company to cross the $100 billion market capitalization mark?
Answer: Reliance Industries.
Explanation: Reliance Industries became the first Indian company to cross the $100 billion market capitalization mark in 2018.
Who was the first Indian woman to be appointed as the CEO of a foreign bank in India?
Answer: Zarin Daruwala.
Explanation: Zarin Daruwala was the first Indian woman to be appointed as the CEO of a foreign bank in India, when she was appointed as the CEO of Standard Chartered Bank India in 2016.
Which was the first Indian airline to be launched after the liberalization of the Indian aviation industry in 1991?
Answer: Jet Airways.
Explanation: Jet Airways was the first Indian airline to be launched after the liberalization of the Indian aviation industry in 1991.
Which was the first Indian company to be included in the Fortune 500 list?
Answer: Indian Oil Corporation (IOC).
Explanation: IOC was the first Indian company to be included in the Fortune 500 list in 2016.
Which Indian businessman is known as the “father of the Indian software industry”?
Answer: F.C. Kohli.
Explanation: F.C. Kohli is considered the “father of the Indian software industry” for his role in establishing Tata Consultancy Services (TCS), which is now one of the largest IT services companies in the world.
Which was the first Indian company to receive a license from the Reserve Bank of India to start a private sector bank?
Answer: HDFC Bank.
Explanation: HDFC Bank was the first Indian company to receive a license from the Reserve Bank of India to start a private sector bank in 1994.
Which was the first Indian company to manufacture and market a passenger car entirely made in India?
Answer: Hindustan Motors.
Explanation: Hindustan Motors was the first Indian company to manufacture and market a passenger car entirely made in India, the Ambassador car, which was launched in 1957.
Which Indian company was the first to introduce a mobile phone with a touch screen?
Answer: Micromax.
Explanation: Micromax was the first Indian company to introduce a mobile phone with a touch screen, the Micromax X40, in 2010.
Which Indian businessman is known as the “Supermarketwala”?
Answer: Kishore Biyani.
Explanation: Kishore Biyani is an Indian businessman and the founder of Future Group, which operates several retail chains in India, including Big Bazaar and Food Bazaar. He is known as the “Supermarketwala” for his contributions to the Indian retail industry.
Round 5: Indian Economy
What is the currency of India?
Answer: Indian Rupee.
Explanation: Indian Rupee is the official currency of India.
Who is the current Governor of the Reserve Bank of India?
Answer: Shaktikanta Das.
Explanation: Shaktikanta Das is an Indian economist and the current Governor of the Reserve Bank of India, the central bank of India.
Which Indian state has the highest per capita income?
Answer: Goa.
Explanation: Goa has the highest per capita income among all Indian states and is known for its tourism industry.
Which Indian city has the highest GDP?
Answer: Mumbai.
Explanation: Mumbai is the financial capital of India and has the highest GDP among all Indian cities.
What is the current GDP growth rate of India?
Answer: As of 2021, the current GDP growth rate of India is 8.3%.
Explanation: The GDP growth rate is an indicator of the growth and development of an economy.
Which Indian state has the largest economy?
Answer: Maharashtra.
Explanation: Maharashtra has the largest economy among all Indian states and is known for its manufacturing and service industries.
Which Indian state has the lowest poverty rate?
Answer: Kerala.
Explanation: Kerala has the lowest poverty rate among all Indian states, due to its high levels of human development and social welfare programs.
Which Indian company is the largest exporter of IT services from India?
Answer: Tata Consultancy Services (TCS).
Explanation: TCS is the largest exporter of IT services from India, with operations in over 50 countries and a workforce of over 500,000 employees.
What is the current inflation rate in India?
Answer: As of 2021, the current inflation rate in India is 5.8%.
Explanation: Inflation is a measure of the increase in the prices of goods and services over time.
What is the current unemployment rate in India?
Answer: As of 2021, the current unemployment rate in India is 6.1%.
Explanation: Unemployment is a measure of the percentage of the labor force that is without work, actively seeking employment, and available to work.
Read Additional Business Quiz Questions With Answers
- What did the US Senate pass regarding the country’s debt limit?
- The bill to suspend the country’s debt limit through January 1, 2025.
- How many votes did the bill receive in the US Senate?
- It received 63 votes in favor and 36 votes against.
- Who will sign the bill into law?
- President Joe Biden will sign the bill into law.
- What was the growth in food orders during the Indian Premier League (IPL) season for online food delivery platforms?
- There was a modest 7% spike in orders during the IPL season.
- How did the growth in food orders during IPL-2023 compare to IPL-2020 for online food delivery platforms?
- In IPL-2020, the growth was 50%, significantly higher than the modest spike in IPL-2023.
- Which consultancy firm conducted the report on the online food delivery platforms during IPL-2023?
- Redseer Strategy Consultants conducted the report.
- How did the online food delivery platforms advertise during the IPL seasons from 2017 to 2020?
- They had a significant presence on prime-time television through their advertisements.
- When did Rosneft hold its Technology Day of Knowledge-Intensive Software?
- It was held on May 31 in Moscow.
- How many representatives from key oil and gas companies attended Rosneft’s Technology Day of Knowledge-Intensive Software?
- Over 100-plus representatives from key oil and gas companies attended the event.
- What was the purpose of Rosneft’s Technology Day of Knowledge-Intensive Software?
- The event aimed to showcase Rosneft’s potential and plans for developing its knowledge-intensive software.
- What was the reported lifestyle of Broker Network founder Rahul Yadav?
- He reportedly maintained a luxurious lifestyle, including owning a Mercedes-Maybach and hiring a boardroom at the Taj Land’s End.
- How much money did Broker Network burn in less than 18 months?
- It burned over Rs 280 crore in less than 18 months.
- What action did one of Yadav’s top-level employees take against him?
- One top-level employee lent close to Rs 50 lakh to Yadav and filed a criminal complaint against him.
- Who is taking on the role of interim leader of Commercial business at AWS India and South Asia?
- Vaishali Kasture is taking on the role of interim leader.
- What was the reason for the walkout by Amazon employees in Seattle?
- The walkout was due to the company’s return-to-work policy and lack of progress on climate change initiatives.
- What did the Federation of All India Farmer Associations (FAIFA) appeal to the global farming community?
- FAIFA appealed to oppose the World Health Organization’s (WHO) agenda, ‘Grow Food Not Tobacco.’
- How much did the global general crop farming market expand from 2022 to 2023?
- It expanded from $348.08 billion to $381.76 billion with a CAGR of 9.7%.
- What did Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy flag off under the YSR Yantra Seva Scheme?
- He flagged off tractors, combine harvesters, and other farm machinery.
- How many YSR Yantra Seva Kendras did the Chief Minister launch?
- The Chief Minister launched 4,019 YSR Yantra Seva Kendras.
- What subsidy was given on the purchase of farm machinery under the YSR Yantra Seva Scheme?
- A 40% subsidy was given on the purchase of farm machinery.
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