Business Quiz - E-cell, Iim Ranchi

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| By Shwetana
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Shwetana
Community Contributor
Quizzes Created: 1 | Total Attempts: 235
Questions: 35 | Attempts: 235

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Business Quizzes & Trivia

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Questions and Answers
  • 1. 

    What is amount for which Academy Award can be returned back/sold?

    • A.

      $1000

    • B.

      $1.5

    • C.

      $1

    • D.

      $101

    Correct Answer
    C. $1
    Explanation
    The amount for which an Academy Award can be returned back or sold is $1. This suggests that the value of an Academy Award is not determined by its monetary worth, but rather by its symbolic significance and prestige. It implies that the award itself holds little intrinsic value and is not considered a valuable commodity in the market.

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  • 2. 

    Link this fruit to an Indian company's name.

    Correct Answer
    Jabong, Jabong.com
    Explanation
    Jabong, Jabong.com is an Indian online fashion and lifestyle retailer. The company offers a wide range of products including clothing, footwear, accessories, and home decor. The name "Jabong" is associated with the company and is a well-known brand in India.

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  • 3. 

    First introduced in the UK in 2011 by an Indian Conglomerate, it was called an innovation in the soft drink industry - a healthy drink-snack. What is the product’s name, and the company that launched it? ________ ________

    Correct Answer
    Sukk
    The Clever Jelly Corporation, Clever Jelly corp, clever jelly
    Explanation
    The product's name is Sukk and it was launched by The Clever Jelly Corporation, also known as Clever Jelly Corp. This Indian Conglomerate introduced Sukk as a healthy drink-snack innovation in the soft drink industry in the UK in 2011.

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  • 4. 

    In a bid to strengthen its O2O (online to offline) play, what startup recently acquired a newbie (another Indian startup), in the local services market, for $2 million? (Hint: Initial investors of the acquired startup include Healthkart and Shaadi.com)

    Correct Answer
    Paytm
    Explanation
    Paytm recently acquired a newbie startup in the local services market for $2 million. This acquisition is part of Paytm's strategy to strengthen its O2O (online to offline) play. The initial investors of the acquired startup include Healthkart and Shaadi.com.

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  • 5. 

    My first transaction was the sale of ‘Leaving Microsoft To Change The World’. I invested 1 million in an Chennai-based electric vehicle (electric scooter, electric motorcycle) startup Ather Energy. Who am I?

    Correct Answer
    Flipkart, Flipkart.com
    Explanation
    The given answer, Flipkart, is correct because the statement mentions the first transaction being the sale of 'Leaving Microsoft To Change The World' and the investment of 1 million in Ather Energy, a Chennai-based electric vehicle startup. Flipkart is an Indian e-commerce company that was founded by Sachin Bansal and Binny Bansal in 2007. The statement aligns with Flipkart's history as Sachin Bansal, one of the co-founders, sold his book on the platform and also invested in Ather Energy.

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  • 6. 

    The Defence Ministry of India recently signed a contract worth 105.5 cr, with a Slovenian company for microlight aircrafts required by the IAF to carry out bird reconnaissance of air fields. What is the name of the Indian version of the aircraft to be supplied?

    Correct Answer
    Garur
    Explanation
    The Indian version of the microlight aircraft to be supplied is called Garur.

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  • 7. 

    What was the ORIGINAL NAME of the app whose mascot is inspired from Ghostface Killah of the hip hop group Wu-Tang Clan? It has around a 100 million active users today. 

    Correct Answer
    picaboo
    Explanation
    The original name of the app whose mascot is inspired from Ghostface Killah of the hip hop group Wu-Tang Clan is picaboo. This app has around 100 million active users today.

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  • 8. 

    I was born in a small town in Gujarat but buried far away from my homeland, in Woking, England. My father, my inspiration, was the first businessman of my family. Three of my four lifetime goals were to set up a world-class learning institution, a unique hotel and a hydro-electric plant. Only one goal was realised during my lifetime. Who am I?

    Correct Answer
    JN Tata, Jamshedji Tata, J.N. Tata, jamsetji tata
    Explanation
    The person being described in the question is JN Tata, also known as Jamshedji Tata or J.N. Tata. They were born in Gujarat, India but were buried in Woking, England. JN Tata's father was the first businessman in the family. They had four lifetime goals, but only one of them was realized during their lifetime.

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  • 9. 

    Identify the Company. 

    Correct Answer
    OYO Rooms, oyorooms
    Explanation
    The company being referred to in this question is OYO Rooms. The mention of "OYO Rooms" and "oyorooms" indicates that both variations of the company name are acceptable as the correct answer.

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  • 10. 

    My ambition was to become a professional gamer, but life took a turn and I, along with my business partner, delivered books to my customers on a scooter. Now I am among the 100 richest in India. Who am I?

    Correct Answer
    Sachin Bansal
    Explanation
    Sachin Bansal is the correct answer because he started his career with the ambition of becoming a professional gamer but ended up delivering books on a scooter with his business partner. Despite this unexpected turn, he persevered and eventually became one of the 100 richest individuals in India.

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  • 11. 

    Nicknamed “a crafty cross between Amazon and eBay”, I am the first unique P2P e-commerce website. I went public in 2015 valued at 1.8 billion. Who am I?

    Correct Answer
    Etsy, Etsy.com
    Explanation
    Etsy is the correct answer to this question. It is a unique P2P e-commerce website that is often described as a crafty cross between Amazon and eBay. It went public in 2015 with a valuation of 1.8 billion.

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  • 12. 

    This transportation network company uses motifs in bright pink colour (as seen in the image) as a nod to their welcome view toward female passengers and their safety. Another reason for using friendly and bold colour schemes is because this company wants to make its branding less masculine than its competitors. Name the Company. 

    Correct Answer
    Lyft
    Explanation
    Lyft is the correct answer because the company uses motifs in bright pink color as a nod to their welcoming view towards female passengers and their safety. Additionally, they use friendly and bold color schemes to make their branding less masculine than their competitors.

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  • 13. 

    Founded by former Oracle executives, it is one of the most highly valued American cloud computing companies. What is the name of the company and where is its headquarters? ________ ________

    Correct Answer
    Salesforce.com, Salesforce
    San Francisco
    Explanation
    Salesforce.com, also known as Salesforce, is a highly valued American cloud computing company. Its headquarters are located in San Francisco.

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  • 14. 

    Over a 100 full-time editors and more than 4,000 contributors, including 110 Nobel Prize winners and five American presidents have been instrumental in its journey, which started in 1768. Today, it is the oldest of its kind. What is it?

    Correct Answer
    Encyclopaedia Britannica, Britannica Encyclopaedia, Encyclopedia Britannica, Britannica Encyclopedia, Britannica
    Explanation
    The correct answer is Encyclopaedia Britannica. This answer is supported by the information provided in the question, which mentions that over 100 full-time editors and more than 4,000 contributors, including Nobel Prize winners and American presidents, have been involved in its journey since 1768. Additionally, it is stated that it is the oldest of its kind, further indicating that the answer is Encyclopaedia Britannica.

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  • 15. 

    This company once said, "If you can spend $20,000 on a watch, why not on a mobile phone”? It launched a luxury mobile phone it India in 2013, priced above Rs. 6,00,000. Its phones were described as "Tasteless Trash" by Wired Magazine. Name the Company.

    Correct Answer
    Vertu, Vertu mobile
    Explanation
    Vertu is the correct answer for this question. The company launched a luxury mobile phone in India in 2013, with a price above Rs. 6,00,000. They justified the high price by comparing it to spending a similar amount on a watch. However, Wired Magazine described their phones as "Tasteless Trash". Vertu is known for producing luxury mobile phones with high-end materials and craftsmanship.

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  • 16. 

    Name the company that bears this logo

    Correct Answer
    Korean Air, Korean Airlines
    Explanation
    The correct answer is Korean Air, Korean Airlines. This logo belongs to the Korean airline company, Korean Air, also known as Korean Airlines.

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  • 17. 

    Novelist F. Scott Fitzgerald wrote a short story which inspired a brand which belongs to the personal care category. Name the product and the company. ________ ________ 

    Correct Answer
    Head & Shoulders , Head and Shoulders, Head&Shoulders
    P&G , Proctor & Gamble, P & G
  • 18. 

    In the picture is the Sun Trust Headquarters in Atlanta, GA. Apart from its banking assets, its vault holds the original formula of Coca - Cola, since 1925.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The given statement is false. The Sun Trust Headquarters in Atlanta, GA does not hold the original formula of Coca-Cola.

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  • 19. 

    Known to be the biggest IPO in American history, this company has many affiliates under its wing. Name its consumer to consumer portal known to be listing about a billion products, and among the 20 most visited websites globally.

    Correct Answer
    Taobao, www.taobao.com, taobao.com
    Explanation
    Taobao is the correct answer to this question. Taobao is known as the consumer-to-consumer portal that is affiliated with the largest IPO in American history. It is a platform that lists approximately a billion products and is among the top 20 most visited websites worldwide. The website can be accessed through www.taobao.com or simply taobao.com.

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  • 20. 

    He started by selling shoes out of the trunk of his car - now there are over a 100 stores in the United States alone, and 185 others globally. However, in 2002, he was sentenced to prison for securities fraud and stock manipulation, and made to resign as CEO from his company. Name the actor that played him in a high-grossing 2013 film.

    Correct Answer
    Jake Hoffman
  • 21. 

    Name the entrepreneur - he was the first Indian invited to showcase at the Milan Fashion Week and post his stint at the New York Fashion Week in 2007, he launched his label globally. He is the only Indian to be a part of all three major Fashion Weeks.

    Correct Answer
    Sabyasachi, Sabyasachi Mukherji, Sabyasachi Mukherjee
    Explanation
    Sabyasachi Mukherjee is the correct answer for this question. He was the first Indian to be invited to showcase at the Milan Fashion Week and after his successful stint at the New York Fashion Week in 2007, he launched his label globally. He is also the only Indian to have participated in all three major Fashion Weeks.

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  • 22. 

    The last words of this murderer, executed in 1977, adopted by this company as its slogan till date, were instrumental in increasing its market share in the United States to around 45% - making him a legend in the world of Branding. Name the company and the slogan. ________ ________

    Correct Answer
    Nike
    Just Do it
    Explanation
    Nike adopted the last words of a murderer executed in 1977, "Just Do it," as its slogan. This bold and empowering slogan resonated with consumers, helping Nike increase its market share in the United States to around 45%. Despite the controversial origins of the slogan, it became iconic in the world of branding and contributed to Nike's success as a legendary company.

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  • 23. 

    Which company uses all these symbols together in its logo?

    Correct Answer
    Unilever
    Explanation
    Unilever uses all these symbols together in its logo.

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  • 24. 

    Name the company being advertised.

    Correct Answer
    Justdial
    Explanation
    The company being advertised in this question is Justdial.

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  • 25. 

    X has had around 43 pets including 12 horses, 21 dogs, 6 cats, 3 ponies, a parrot, a panda, a chimpanzee, and a zebra. X is also credited to hold 80 careers - everything from a paleontologist to a presidential candidate. She is a role model to many children, and helps them believe that women can take over any professional career successfully. Who is X?

    Correct Answer
    Barbie, barbie doll
    Explanation
    The given information describes X as someone who has had multiple pets, including horses, dogs, cats, ponies, a parrot, a panda, a chimpanzee, and a zebra. X is also credited with having 80 careers, ranging from a paleontologist to a presidential candidate. This description matches the characteristics of Barbie, the famous doll, who is known for her various careers and being a role model for young girls.

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  • 26. 

    Swedish company Y (designs and sells ready-to-assemble furniture, appliances, small motor vehicles and home accessories) tied up with X towards its goal to be "energy independent". X uses fuel cells that use biogas to generate electricity.Identify X ________ and Y ________.

    Correct Answer
    Bloom Energy
    Ikea
    Explanation
    The Swedish company that designs and sells ready-to-assemble furniture, appliances, small motor vehicles, and home accessories is Ikea. They have tied up with Bloom Energy towards their goal to be "energy independent." Bloom Energy uses fuel cells that use biogas to generate electricity.

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  • 27. 

    Name the startup that provides collaborative communication across platforms, with the symbol ‘#’ as its logo.

    Correct Answer
    Slack, Slack.com
    Explanation
    Slack is a startup that offers collaborative communication across platforms, and it is known for its logo which is the symbol '#'. Slack allows teams to communicate and collaborate on projects in real-time, providing features like channels, direct messaging, file sharing, and integrations with other tools. With its user-friendly interface and ability to centralize conversations and information, Slack has become a popular choice for businesses and organizations to improve team communication and productivity. The website for Slack is slack.com.

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  • 28. 

    Shown in the picture is a symbol from a unique language that appeared on the Wikipedia Logo. It was later replaced in 2010, causing an outrage. Name the language.

    Correct Answer
    Klingon
    Explanation
    The symbol shown in the picture is from the unique language called Klingon. It was featured on the Wikipedia Logo but was later replaced in 2010, which caused an outrage among fans of the language.

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  • 29. 

    Identify the product being advertised here.

    Correct Answer
    Big Babol
    Explanation
    The product being advertised here is Big Babol.

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  • 30. 

    In 1952 Prime Minister Jawaharlal Nehru, was concerned that Indian women were spending precious foreign exchange on this particular category of products and imposed a ban on import of them. Later, after a huge protest from Indian women, he requested JRD Tata to manufacture them in India. Subsequently, this brand was formed. Name the brand.

    Correct Answer
    Lakme
    Explanation
    In 1952, Prime Minister Jawaharlal Nehru imposed a ban on the import of beauty products due to concerns about Indian women spending foreign exchange on them. However, after facing a significant protest from Indian women, Nehru requested JRD Tata to manufacture these products in India. As a result, the brand Lakme was formed, offering Indian women access to locally produced beauty products and reducing the need for imports.

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  • 31. 

    I am the lead developer of a service, whose mobile app was the first to hit 1 billion installations - Who am I?

    Correct Answer
    Paul Buchheit
    Explanation
    Paul Buchheit is the lead developer of a service whose mobile app was the first to hit 1 billion installations. This suggests that Paul Buchheit is a significant figure in the tech industry, known for his contribution to the development of a widely-used mobile app.

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  • 32. 

    Developed in 1946, its famous "burping seal" is what distinguished it from competitors. It pioneered the 'party plan' model of sale, with rewards for hosts. Name the company. 

    Correct Answer
    Tupperware
    Explanation
    Tupperware is the correct answer to this question. It was developed in 1946 and became famous for its "burping seal," which set it apart from other competitors. Tupperware also pioneered the "party plan" model of sale, where hosts would receive rewards for hosting Tupperware parties.

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  • 33. 

    Name the company. 

    Correct Answer
    Practo
    Explanation
    The given answer "Practo" is the name of the company being referred to in the question.

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  • 34. 

    Born in 1939, I started my career as a sales assistant in Brooks Brothers. Later, I made ties out of rags and started selling them out of a drawer in the Empire State Building. My turning point came when I supplied a huge order for Neiman Marcus, and as of 2009 my company generated $5 billion in revenue. In 2010, I was declared Chevalier de la Legion d'honneur by French President Nicolas Sarkozy. What is my name?

    Correct Answer
    Ralph Lauren
    Explanation
    The information provided in the passage matches the biography of Ralph Lauren. He was born in 1939, started his career in Brooks Brothers, and later started his own company selling ties. He gained significant success when he supplied a large order to Neiman Marcus, and his company has generated billions in revenue. In 2010, he was indeed declared Chevalier de la Legion d'honneur by French President Nicolas Sarkozy. Therefore, the correct answer is Ralph Lauren.

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  • 35. 

    The goals of my entrepreneurial endeavors revolve around my vision to change the world and humanity. My ultimate goals include reducing global warming through sustainable energy production and consumption; as well as reducing the chance of human extinction by making life multi-planetary and setting up human colony on Mars. I am also the 39th wealthiest person in the US.

    Correct Answer
    Elon Musk
    Explanation
    The given statement is an excerpt from Elon Musk's personal goals and aspirations. He expresses his vision to change the world and humanity by focusing on reducing global warming through sustainable energy production, as well as making life multi-planetary and establishing a human colony on Mars to prevent human extinction. The mention of being the 39th wealthiest person in the US indicates his success and influence in achieving these goals.

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  • Mar 21, 2023
    Quiz Edited by
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  • Mar 02, 2016
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