Corporate Current Affairs Quiz/Questions-Answers October 2012, October 1-October 7

Corporate Current Affairs Quiz will enhance your knowledge and idea about the corporate events of the world. This knowledge would support you in achieving success in competitive examinations like Bank PO, NABARD, RBI, LIC, Civil Services, MBA and many more.

1.    Public sector companies Oil India Ltd and Indian Oil Corporation Ltd in the month of October announced acquisition of 30 percent stake in the asset of a Colorado based Oil and Gas Company. Name the company on which the two public sector companies have made their investments for this acquisition?
a)    Whiting Petroleum Corp., Oil and gas operations
b)    Carrizo Oil & Gas Inc's liquid rich shale assets
c)    Cimarex Energy Co., Oil and gas exploration/production
d)    MarkWest Energy Partners LP, Natural gas processor
Answer: (b) Carrizo Oil & Gas Inc's liquid rich shale assets

2.    Indian Oil Corporation has recently tied up with a Bank to provide banking services in rural areas at places of rural petrol pumps outlets of the company. These outlets would act as Bank Business Correspondent in the areas and 1000 would come up with 1000 Kisan Seva Kendras at different locations. Name the bank with which the tie-up has been done?
a)    HDFC Bank
b)    ICICI Bank
c)    State Bank of India
d)    IDBI
Answer: (a) HDFC Bank

3.    Kingfisher Airlines was recently issued the show-cause notice asking why the license of the airlines was not a subject of being cancelled. Name the agency that issued this notice and under which section the notice was issued?
a)    Airport Authority of India under Section 93 - 118 PART XII Personnel Of Air Traffic Services
b)    Directorate General of Civil Aviation under Section 15(2)(b) of Schedule XI of the Aircraft Rules of 1937
c)    Rule 41 of Aircraft Rules 1937, Section 7 – Flight Crew Standards, Training And License, Series 'G' Part Iv, Issue I
d)    The regulators of air transport services, Section 5 in The Aircraft Act, 1934
Answer: (b) Directorate General of Civil Aviation under Section 15(2)(b) of Schedule XI of the Aircraft Rules of 1937

4.    In response to the digitisation of cable channels for eradication of the cable operators control over the content of the presentation, that was about to blackout the screens of almost all the TV Sets in the four cities, Delhi, Mumbai, Chennai and Kolkata on 31st October 2012 a setup box providing company, announced services of 70 channels at basic rates for next five years. Name the company?
a)    Airtel
b)    Dish TV
c)    Sun TV
d)    DTH
Answer: (b) Dish TV

5.    Which of the following statements are true?
a.    Air India in October 2012 got its third Boeing Dreamliner from the new North Charleston Facility of the American manufacturer
b.    Kingfisher Airlines, the struggling airlines company of Vijay Mallya in October 2012 was asked to start booking tickets with immediate effect by the Directorate General of Civil Aviation (DGCA)
c.    As per Section 15(2)(b) of Schedule XI of the Aircraft Rules 1937, DGCA can’t cancel or suspend permit of an Airline services
d.    Carrizo is a Houston-based energy company actively engaged in the exploration, development, exploitation, and production of oil and natural gas
i.    Statement a and b are true
ii.    Statement a, b and c are true
iii.    Statement a and d are true
iv.    Only statement a is true
Answer: (iii) Statement a and d are true