Corporate Current Affairs Quiz/Questions-Answers October 2011, October 17-October 23

Taking the Corporate Current Affairs Quiz will test as well as enhance your knowledge of major corporate events. The corporate quiz for October 2011 will make you better prepared to face competitive examinations like that of Bank PO, NABARD, RBI, LIC, Civil Services, MBA etc.

1.    The Securities Appellate Tribunal (SAT) upheld a regulatory order directing which of the following group of companies to refund Rs 24000 crore - equivalent to the country's second-biggest lender ICICI Bank's deposit growth last fiscal - for violating securities laws?
a.    RIL
b.    Tata Group
c.    Sahara Group
d.    Jindal Group
Answer: (c)

2.    Overnite Express launched a new premium service, Overnite Priority on 17 October 2011 with an assured next business-day delivery feature besides a money back guarantee attached to it. The express delivery service (EDS) industry was valued at Rs.10,000 crore is found to be growing by what percentage annually?
a.    23%
b.    25%
c.    27%
d.    28%
Answer: (b)

3.    GVK Airport Holdings Private Limited, a subsidiary of GVK Power & Infrastructure Limited (GVKPIL) on 18 October 2011 acquired 108000000 equity shares worth Rs10 each (amounting to a 13.5% equity stake) in which of the following?
a.    Mumbai International Airport Pvt Ltd (MIAL)
b.    Bangalore International Airport Ltd (BIAL)
c.    Kolkata International Airport Ltd (KIAL)
d.    Delhi International Airport Ltd (DIAL)
Answer: (a)

4.    The department of telecom (DoT) slapped Rs 50 crore fine on which of the following cellular companies for suppressing information, violating licence agreement and renting out more than 3,600 pre-activated post paid SIM cards in bulk to a Delhi-based company that further subrented them?
a.    Bharti Airtel
b.    MTNL
c.    Idea Cellular
d.    Vodafone Essar
Answer: (c)

5.    Bharti Enterprises, the parent company of Airtel floated a new joint venture with Japanese internet firm for offering mobile internet services in India. Name the firm.
a.    SoftBank Corp
b.    Aichi Bank
c.    Arc System Works
d.    Bridgestone
Answer: (a)

Preparing Current Affairs for Competitive Exams now made easy by our Jagran Josh Current Affairs Section. .