Hello Everyone… I think it is high time that we started our GK prep for IIFT. Please use this thread to discuss/share the GK questions/latest world events you come across. Mods, if there is already a thread running for the same please …
Hello Everyone..
I think it is high time that we started our GK prep for IIFT. Please use this thread to discuss/share the GK questions/latest world events you come across.
Mods, if there is already a thread running for the same please guide me towards that and close this one.
ATB 😃
Here are two files related to current events and Important Days
awesome thread akshay.this will definitely help iift applicants.i will try to contribute as much as i can.
Few current events/latest happenings
1) Current PM of Greece(country reeling under heavy debt) : George Papandreou
2) F1 Indian Grand Prix()
Winner: Sebastian Vettel(Red Bull, Renault)
Runner Ups: Jenson Button(McLaren) and Fernando Alonso(Ferrari)
Where it happened: Buddh International Circuit, Greater Noida
It was 17th Race of 2011 F1 season
3) 2011 Nobel Prizes:
Peace: Ellen Johnson, Leymah Gbowee and Tawakkol Karman
Literature: Tomas Transtromer(Swedish Poet)
Chemistry: Dan Shechtman(discovery of quasi crystals)
Physics: Saul Perlmutter(half of the prize amount); rest half to Brian P Schmidt, Adam G Reiss(High Z Supernova Search Team)
Medicine: Bruce A Beutler, Jules Hoffmann(discoveries concerning the activation of innate immunity) ; Ralph M Steinman
Few facts on 2011 G20 Summit :
Host Country: France
Venue : Palais des Festivals, Cannes
Main topic/issue of discussions: Eurozone Financial Crisis
India is being represented in the Summit by Mr Manmohan Singh
2010 G20 summit took place at : Seoul
2012 G20 summit will take place at: Mexico
guys it will be better if we do it by a theme basis.say 2 days we will get over with takeovers and acquisitions,after that 2 days with founders and ceo's of top companies.
this imo will be better to remember and revise.
i am listing here m and a's of 2010 just incase iift acts mischievous 
Top 10 Mergers & Acquisitions in India for 2010
Tata Chemicals buys British salt
Tata Chemicals bought British Salt; a UK based white salt producing company for about US $ 13 billion. The acquisition gives Tata access to very strong brine supplies and also access to British Salts facilities as it produces about 800,000 tons of pure white salt every year
Reliance Power and Reliance Natural Resources merger
This deal was valued at US $11 billion and turned out to be one of the biggest deals of the year. It eased out the path for Reliance power to get natural gas for its power projects
Airtels acquisition of Zain in Africa
Airtel acquired Zain at about US $ 10.7 billion to become the third biggest telecom major in the world. Since Zain is one of the biggest players in Africa covering over 15 countries, Airtels acquisition gave it the opportunity to establish its base in one of the most important markets in the coming decade
Abbotts acquisition of Piramal healthcare solutions
Abbott acquired Piramal healthcare solutions at US $ 3.72 billion which was 9 times its sales. Though the valuation of this deal made Piramals take this move, Abbott benefited greatly by moving to leadership position in the Indian market
GTL Infrastructure acquisition of Aircel towers
This acquisition was worth about US $ 1.8 billion and brought GTL Infrastructure to the third position in terms of number of mobile towers 33000. The money generated gave Aircel the funds for expansion throughout the country and also for rolling out its 3G services
ICICI Bank buys Bank of Rajasthan
This merger between the two for a price of Rs 3000 cr would help ICICI improve its market share in northern as well as western India
JSW and Ispat Ki Kahani
Jindal Steel Works acquired 41% stake at Rs 2,157 cr in Ispat Industries to make it the largest steel producer in the country. This move would also help Ispat return to profitability with time
Reckitt Benckiser goes shopping
Reckitt acquired Paras Pharma at a price of US $ 726 million to basically strengthen its healthcare business in the country. This was Reckitts move to establish itself as a strong consumer healthcare player in the fast growing Indian market
Mahindra goes international
Mahindra acquired a 70% controlling stake in troubled South Korea auto major Ssang Yong at US $ 463 million. Along with the edge it would give Mahindra in terms of the R & D capabilities, this deal would also help them utilise the 98 country strong dealer network of Ssang Yong
Fortis Healthcare acquisitions
Fortis Healthcare, the unlisted company owned by Malvinder and Shivinder Singh looks set to make it two in two in terms of acquisitions. After acquiring Hong Kongs Quality Healthcare Asia Ltd for around Rs 882 cr last month, they are planning on acquiring Dental Corp, the largest dental services provider in Australia at Rs 450 cr
As you see in the list, the M & As have happened across industries and sectors like banking, automotive, healthcare, FMCG, telecom etc. This shows that this really has been the dream year of Indian industry.
Nice thread guys !!!!
Can someone highlight anything on certain questions that are often asked in G.K section mostly based on the Reserve bank of India Like the repo rates etc
Also i would like to get some knowledge on GDP and other economics concepts !!!!
Please keep this thread active Puys !!!!
Nice thread guys !!!!
Can someone highlight anything on certain questions that are often asked in G.K section mostly based on the Reserve bank of India Like the repo rates etc
Also i would like to get some knowledge on GDP and other economics concepts !!!!
Please keep this thread active Puys !!!!
You are right.. Questions related to RBI forms an important set of questions.
Few roles/functions of RBI and terms related to RBI I have heard of along with their satisfactory explanations are:
"Under Section 22 of the Reserve Bank of India Act, the RBI has the sole right to issue bank notes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government."
"Cash Reserve Ratio (CRR): Every commercial bank has to keep certain minimum cash reserves with RBI. RBI can vary this rate between 3% and 15%. RBI uses this tool to increase or decrease the reserve requirement depending on whether it wants to affect a decrease or an increase in the money supply. An increase in Cash Reserve Ratio (CRR) will make it mandatory on the part of the banks to hold a large proportion of their deposits in the form of deposits with the RBI. This will reduce the size of their deposits and they will lend less. This will in turn decrease the money supply. The current rate is 6%. "
This is an important mechanism through which RBI controls liquidity in market and inturn the inflation.
"Bank Rate: RBI lends to the commercial banks through its discount window to help the banks meet depositors demands and reserve requirements. The interest rate the RBI charges the banks for this purpose is called bank rate. If the RBI wants to increase the liquidity and money supply in the market, it will decrease the bank rate and if it wants to reduce the liquidity and money supply in the system, it will increase the bank rate. As of 5 May, 2011 the bank rate was 6%."
"Statutory Liquidity Ratio (SLR): Apart from the CRR, banks are required to maintain liquid assets in the form of gold, cash and approved securities. Higher liquidity ratio forces commercial banks to maintain a larger proportion of their resources in liquid form and thus reduces their capacity to grant loans and advances, thus it is an anti-inflationary impact. A higher liquidity ratio diverts the bank funds from loans and advances to investment in government and approved securities."
Repo Rate and Reverse Repo Rate in simple terms:
Repo (Repurchase) rate is the rate at which the RBI lends shot-term money to the banks against securities. When the repo rate increases borrowing from RBI becomes more expensive. Therefore, we can say that in case, RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate; similarly, if it wants to make it cheaper for banks to borrow money, it reduces the repo rate.
Reverse Repo rate is the rate at which banks park their short-term excess liquidity with the RBI. The banks use this tool when they feel that they are stuck with excess funds and are not able to invest anywhere for reasonable returns. An increase in the reverse repo rate means that the RBI is ready to borrow money from the banks at a higher rate of interest. As a result, banks would prefer to keep more and more surplus funds with RBI.
More comprehensive explanation:
Repo rate or repurchase rate is the rate at which banks borrow money from the central bank (read RBI for India) for short period by selling their securities (financial assets) to the central bank with an agreement to repurchase it at a future date at predetermined price. It is similar to borrowing money from a money-lender by selling him something, and later buying it back at a pre-fixed price.
Bank rate is the rate at which banks borrow money from the central bank without any sale of securities. It is generally for a longer period of time. This is similar to borrowing money from someone and paying interest on that amount.
Both these rates are determined by the central bank of the country based on the demand and supply of money in the economy.
Find attached a small gk quiz
akshaypirate SaysFind attached a small gk quiz
Hi
There is already a Official thread for the Gk season 2011 .
Check this http://www.pagalguy.com/discussions/official-gk-thread-for-mba-entrance-exams-2011-2012-25068981. and this is heavily loaded .
If you are very specific about IIFT, you can keep the thread alive else I feel that thread is more than enough for our prep
Nice quiz bro !!!!
Hello Everyone..
I think it is high time that we started our GK prep for IIFT. Please use this thread to discuss/share the GK questions/latest world events you come across.
Mods, if there is already a thread running for the same please guide me towards that and close this one.
ATB :)
thnks akshay..gr8 initiative 😃
Please let me know the kind of GK Questions asked in IIFT
reviliant SaysPlease let me know the kind of GK Questions asked in IIFT
Going by the last year's paper, I would suggest to stress on current affairs(Arab Revolution, 2g scandal, Nobel prize winners etc), stuff about important organizations in the world(like HQ's, general secretaries of orgs like NATO, UNO etc), Indian PSU's, and whatever else you can lay your hands on after going thru these...
ATB:)
In iift, more of current gk or static gk questions are asked?
Can you please provide me some material for GK.
What are the type of GK questions asked...does anyone have SOFT copies of prev IIFT papers(solved or unsolved)...kindly pass them on.
nice thread. good jobcan any1 provide the link for last year gk question
thanks