Business GK Test

Indonesia left OPEC in 2008 because it had become a net oil importer rather than exporter. As domestic consumption grew and production declined, Indonesia felt it was no longer appropriate to remain in an organization of oil-exporting nations. It was the first and only country to voluntarily withdraw from OPEC at that time.

Q-Cells was a German company that was indeed a leader in solar cell manufacturing. Founded in 1999, Q-Cells became one of the world's largest producers of photovoltaic solar cells before filing for bankruptcy in 2012 (though the brand continues). They specialized in manufacturing solar cells and photovoltaic modules.

Westside is an Indian retail chain of fashion and lifestyle stores owned by the Tata Group through Tata Trent (formerly Trent Limited). Westside was launched in 1998 and operates stores across India selling clothing, accessories, and home decor. Tata Group is a major Indian conglomerate with diverse business interests.

The Times of India has consistently been the largest-selling English newspaper in India by circulation figures. In 2011, it maintained its leadership position with the highest readership among English dailies, well ahead of competitors like Hindustan Times and The Hindu.

Gujarat has been India's pharmaceutical manufacturing hub, hosting the highest concentration of pharma plants and production facilities. The state's favorable industrial policies, infrastructure, and presence of major pharmaceutical companies like Zydus Cadila, Torrent Pharmaceuticals, and Troikaa have cemented its leadership position.

Vodafone Group is indeed a British multinational telecommunications company headquartered in Newbury, Berkshire, United Kingdom. It is one of the world's largest mobile network operators with presence across multiple countries.

With 858.37 million subscribers out of India's approximately 1.2 billion population in 2011, the mobile penetration rate comes to about 70%. This calculation represents the proportion of population with mobile subscriptions, reflecting the rapid expansion of telecom access during that period.

The Indian pharmaceutical industry was ranked as the world's fourth largest by volume in 2011, producing huge quantities of generic drugs. This leadership in generic manufacturing established India as the 'pharmacy of the developing world', though by value it ranked lower.

B.K. Modi's Spice Group sold its 40.8% stake in Spice Telecom to Idea Cellular in a strategic acquisition. This deal was part of the consolidation in the Indian telecom sector, with Idea Cellular expanding its market presence through this acquisition.

Idea Cellular is part of the Aditya Birla Group, one of India's largest conglomerates. The Aditya Birla Group has diverse business interests and Idea Cellular (now Vi after merger with Vodafone India) was its telecommunications arm.

Bangalore is called the 'Silicon Valley of India' due to its concentration of IT companies, tech startups, and research institutions. The city has been the hub of India's information technology revolution, hosting major companies like Infosys, Wipro, and numerous multinational tech corporations.

The Indian Railways reported revenue of Rs. 98,000 crore for the fiscal year 2010-11. This represented the total earnings from passenger and freight services combined, making it one of the largest revenue figures for the railway network during that period.

Sir Howard Stringer was the Chairman and CEO of Sony Corporation in 2011. A Welsh-born businessman, he was the first non-Japanese to lead Sony, serving from 2005 to 2012 and overseeing the company during a critical transition period.

The reverse repo rate in March 2011 was set at 5.75% by the Reserve Bank of India. This rate represents the interest RBI pays to banks when they park surplus funds with the central bank, and is a key monetary policy tool for controlling liquidity.

The Cash Reserve Ratio (CRR) is the minimum reserve requirement that banks must maintain with the Reserve Bank of India. In December 2011, the CRR rate was 6%. This is a specific factual question about Indian banking regulations.

In 2011, Ranbaxy Laboratories was indeed India's largest pharmaceutical company by revenue, with annual revenue around $1.6-1.7 billion. The company had a significant domestic and international presence. Cipla and Sun Pharma were also major players but ranked below Ranbaxy that year.