Economy and Business GK Test

Globosports is a sports marketing and celebrity management agency co-founded by tennis player Mahesh Bhupathi. It manages athletes and sports personalities across various disciplines.

Carlos Ghosn served as Chairman and CEO of the Renault-Nissan Alliance (now Alliance). He was a prominent automotive industry executive who led both companies.

The Commission for Agricultural Costs and Prices (CACP) recommends Minimum Support Prices (MSP) for crops to the Government of India. It considers production costs, demand-supply, and market prices.

The United States is India's largest trading partner in terms of goods and services trade. While China is a significant trading partner, especially for goods, the US leads in overall trade volume including services. This question may be based on data from a specific year when the US held the top position.

The National Rural Employment Guarantee Act (NREGA) 2005 was launched by merging the Sampoorna Gramin Rozgar Yojana (SGRY) and the National Food for Work Programme (NFWP). This consolidation aimed to create a comprehensive rural employment guarantee scheme. Other options like JRY (Jawahar Rozgar Yojana) and Indra Awas Yojana were separate poverty alleviation programs.

The household sector contributes the maximum share to India's gross savings, typically accounting for about 60-70% of total gross savings. This includes savings by individuals and families in bank deposits, small savings schemes, life insurance, mutual funds, and other financial instruments. The public and private sectors contribute significantly smaller portions to the aggregate savings.

B. Ramalinga Raju, founder of Satyam Computer Services, was named the Ernst & Young Entrepreneur of the Year 2007. This recognition came before the 2009 Satyam scandal where Raju confessed to massive financial fraud. The award was based on the company's perceived success and growth prior to the fraud revelation.

Sony Pictures Entertainment tied up with Eros International to co-invest in Indian movies. This strategic partnership aimed to leverage Eros's strong distribution network and content library in the Indian film market. Eros International (now Eros Now) was a major Indian film production and distribution company, making this a logical partnership for Hollywood's Sony Pictures.

Dr. R. Radhakrishnan chaired the expert group on agricultural indebtedness constituted by the Government of India in 2007. The group was formed to address the crisis of farmer suicides in cotton-growing regions like Maharashtra and Andhra Pradesh by examining debt patterns and recommending relief measures.

Tata Group

Kavitark Ram Shriram, an Indian-born American businessman, was among the early investors and board members of Google. He appeared on the Forbes list of richest Americans due to his Google stock holdings. Shantanu Narayen (Adobe CEO), Bharat Desai (Syntel founder), and Vinod Khosla (venture capitalist) are other successful Indian entrepreneurs but were not Google founder directors.

Logitech is a Swiss company founded in Switzerland. Wockhardt is an Indian pharmaceutical company. Blackstone (now Blackstone Group) is a US-based private equity firm. HSBC (Hongkong and Shanghai Banking Corporation) is headquartered in London, UK. Therefore, A-ii, B-i, C-iii, D-iv is correct.

India hosted the first India-Africa Forum Summit in 2008, bringing together energy-rich African nations. This was a significant diplomatic initiative to engage with resource-rich African countries. Egypt, Cuba, and Nigeria were participating nations, not the host.

Promethean India was a private equity firm managed by Dabur India Limited, the healthcare and FMCG major. Dabur had set up this fund to invest in growth-oriented companies. Essar, Merico, and Nirma are other Indian corporate groups but were not associated with Promethean India.

Rajeev Bakshi was the commercial operations head of PepsiCo Asia-Pacific based in Hong Kong and later chaired PepsiCo India. He quit PepsiCo after a long tenure. The other names listed are different corporate executives - PM Sinha, S. Gopalkrishnan (likely confused with S. Gopalakrishnan of Infosys), and Raj Singh.

All three statements about India's Human Development Index (HDI) in 2007 are factually correct. India ranked 128th (down two places from 126), ranked 62nd on the poverty index among developing countries, and had an HDI of 0.619 which was above South Asia's average (0.611) but below the developing countries' average (0.691).

Gap Inc. owns GAP, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix. Burberry is a British luxury brand, not owned by Gap. Gas is a Spanish jeans brand. Therefore, option D (a, b, d, e) is correct - Gap, Banana Republic, Old Navy, and Piperlime are all Gap Inc. brands.

The Central Statistical Organisation (CSO), now part of the National Statistical Office (NSO), is responsible for estimating and publishing national income data in India. The RBI regulates monetary policy, the Finance Commission recommends fiscal transfers, and the Planning Commission (now NITI Aayog) handled economic planning - none estimate national income.

WTO is headquartered in Geneva, Switzerland. The World Bank is in Washington, D.C. The Asian Development Bank (ADB) has its headquarters in Manila, Philippines. The Food and Agriculture Organization (FAO, possibly misprinted as TLO) is in Rome, Italy.

Laffer curve is representation of the relationship between possible rates of taxation and the resulting level of goverment revenue.

Kushal Pal Singh is the founder and former chairman of DLF (Delhi Land & Finance), one of India's largest real estate developers. He is credited with transforming Gurgaon into a major commercial and residential hub. DLF is not to be confused with other conglomerates like Sanmar, GMR, or Gujarat Ambuja.