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Feb 14, 2018 04:08 PM IST | Source: Moneycontrol.com

Moneycontrol Ultimate Business Quiz #14: Test your knowledge

The fourteenth in the Moneycontrol Ultimate Business Quiz series. Check how many you get right.

Avinash Mudaliar @moneycontrolcom
Anubhav Chatterjee
What lies behind?
1/40

What lies behind?

Answer: Man of Steel.
2/40

Answer: Man of Steel.

In startup lingo, "Ramen Profitability" is essential for change relationship with investors for the better. What does the term mean?
3/40

In startup lingo, "Ramen Profitability" is essential for change relationship with investors for the better. What does the term mean?

Answer: "Ramen profitability" means a startup makes just enough to pay the founders' living expenses.
4/40

Answer: "Ramen profitability" means a startup makes just enough to pay the founders' living expenses.

Yashwantrao B Chavan presented the Budget on February 28, 1973. During this year, the budget deficit was as high as Rs 550 crore. The Budget provided Rs 56 crore for nationalisation of general insurance companies, Indian Copper Corp and coal mines. What was this Budget called?
5/40

Yashwantrao B Chavan presented the Budget on February 28, 1973. During this year, the budget deficit was as high as Rs 550 crore. The Budget provided Rs 56 crore for nationalisation of general insurance companies, Indian Copper Corp and coal mines. What was this Budget called?

Answer: Black Budget.
6/40

Answer: Black Budget.

Identify this famous Finance Minister who presented two budgets on his birthday?
7/40

Identify this famous Finance Minister who presented two budgets on his birthday?

Answer: Morarji Desai.
8/40

Answer: Morarji Desai.

The practice of presenting the Budget at 5 pm was started by Sir Basil Blackett in 1924.What was the reason behind it?
9/40

The practice of presenting the Budget at 5 pm was started by Sir Basil Blackett in 1924.What was the reason behind it?

Answer: To provide relief to officials who had worked all night.
10/40

Answer: To provide relief to officials who had worked all night.

Cooking of this traditional sweet dish marks the beginning of the printing of the Budget document. The ceremony is held about a fortnight before the Budget day. What is this ceremony? (Image credit: Pixabay)
11/40

Cooking of this traditional sweet dish marks the beginning of the printing of the Budget document. The ceremony is held about a fortnight before the Budget day. What is this ceremony? (Image credit: Pixabay)

Answer: Halwa Ceremony.
12/40

Answer: Halwa Ceremony.

The interim and final Budgets of 1991-92 were presented by two ministers of two different political parties. Who were they?
13/40

The interim and final Budgets of 1991-92 were presented by two ministers of two different political parties. Who were they?

Answer: Yashwant Sinha and Manmohan Singh.
14/40

Answer: Yashwant Sinha and Manmohan Singh.

The merger of X with Y is based on the recommendations of the Committee headed by Shri Bibek Debroy. What 92-year-old practice came to an end in fiscal year 2017?
15/40

The merger of X with Y is based on the recommendations of the Committee headed by Shri Bibek Debroy. What 92-year-old practice came to an end in fiscal year 2017?

Answer: X-Railway Budget; Y-General Budget. Railway Budget got merged with General Budget in 2017.
16/40

Answer: X-Railway Budget; Y-General Budget. Railway Budget got merged with General Budget in 2017.

 The Art of the Impossible is ‘a warts and all portrait’ of X, the seventh Prime Minister of India, set against the canvas of his colourful, often dramatic story: his rebellion against his feudal origins, his support for the Indira Gandhi and the Emergency, at war against Rajiv, crusade against corruption, the implementation of the Mandal Commission Report and his fight against cancer and kidney failure. Who is X?
17/40

The Art of the Impossible is ‘a warts and all portrait’ of X, the seventh Prime Minister of India, set against the canvas of his colourful, often dramatic story: his rebellion against his feudal origins, his support for the Indira Gandhi and the Emergency, at war against Rajiv, crusade against corruption, the implementation of the Mandal Commission Report and his fight against cancer and kidney failure. Who is X?

Answer: V P Singh. (Image courtesy: MHRD)
18/40

Answer: V P Singh. (Image courtesy: MHRD)

Identify the author of these books: - Fearless in Opposition: Power and Accountability - Standing Guard: A Year in Opposition - A View from the Outside: Why Good Economics Works for Everyone.
19/40

Identify the author of these books: - Fearless in Opposition: Power and Accountability - Standing Guard: A Year in Opposition - A View from the Outside: Why Good Economics Works for Everyone.

Answer: P Chidambaram.
20/40

Answer: P Chidambaram.

Identify the Finance Minister who was part of the interim government from 29th August 1946 to 14th August 1947?
21/40

Identify the Finance Minister who was part of the interim government from 29th August 1946 to 14th August 1947?

Answer: Liaquat Ali Khan.
22/40

Answer: Liaquat Ali Khan.

Who presented the first Railway Budget?
23/40

Who presented the first Railway Budget?

Answer: John Mathai.
24/40

Answer: John Mathai.

The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products. What is LTCG?
25/40

The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products. What is LTCG?

Answer: Long-Term Capital Gains (LTCG) tax.
26/40

Answer: Long-Term Capital Gains (LTCG) tax.

Who holds the record of being the only Marathi leader who held the 4 most important portfolios in the Union government. They are Home, External Affairs, Defence and Finance. He ably discharged his duties as the minister of the concerned ministries? (Image courtesy: Pixabay)
27/40

Who holds the record of being the only Marathi leader who held the 4 most important portfolios in the Union government. They are Home, External Affairs, Defence and Finance. He ably discharged his duties as the minister of the concerned ministries? (Image courtesy: Pixabay)

Answer: Yashwantrao Chavan.
28/40

Answer: Yashwantrao Chavan.

He was appointed the Finance Minister by the new Prime Minister Morarji Desai, who was leading India's first non-Congress administration. He changed many of India's socialist economic policies, ending barriers to foreign investment and reducing tariffs while protecting home industries. He was responsible for the policy that all foreign companies must form corporations with an Indian company holding a 50% stake, which caused Coca-Cola to pull out of India, but most others did not. He wrote two books, Rites of Passage: A Civil Servant Remembers and The First Flush of Freedom: Recollections and Reflections.
29/40

He was appointed the Finance Minister by the new Prime Minister Morarji Desai, who was leading India's first non-Congress administration. He changed many of India's socialist economic policies, ending barriers to foreign investment and reducing tariffs while protecting home industries. He was responsible for the policy that all foreign companies must form corporations with an Indian company holding a 50% stake, which caused Coca-Cola to pull out of India, but most others did not. He wrote two books, Rites of Passage: A Civil Servant Remembers and The First Flush of Freedom: Recollections and Reflections.

Answer: Hirubhai M Patel. (Image Courtesy: Reuters)
30/40

Answer: Hirubhai M Patel. (Image Courtesy: Reuters)

Who is the author of the following books? - Joint Farming X-rayed (1959) - India's Economic Policy - The Gandhian Blueprint (1978) - Economic Nightmare of India: Its Cause and Cure (1981) - Abolition of Zamindari - Co-operative Farming X-rayed - Peasant Proprietorship or Land to the Workers - Prevention of Division of Holdings Below a Certain Minimum
31/40

Who is the author of the following books? - Joint Farming X-rayed (1959) - India's Economic Policy - The Gandhian Blueprint (1978) - Economic Nightmare of India: Its Cause and Cure (1981) - Abolition of Zamindari - Co-operative Farming X-rayed - Peasant Proprietorship or Land to the Workers - Prevention of Division of Holdings Below a Certain Minimum

Answer: Chaudhary Charan Singh.
32/40

Answer: Chaudhary Charan Singh.

Which train’s coaches design were based on Mamata Banerjee’s painting?
33/40

Which train’s coaches design were based on Mamata Banerjee’s painting?

Answer: Duronto Express.
34/40

Answer: Duronto Express.

This Coding System generally refers to “Harmonized System of Nomenclature”. It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). It first came into effect in 1988. How do we know it?
35/40

This Coding System generally refers to “Harmonized System of Nomenclature”. It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). It first came into effect in 1988. How do we know it?

Answer: HSN Code.
36/40

Answer: HSN Code.

Identify the body?
37/40

Identify the body?

Answer: Election Commission of India.
38/40

Answer: Election Commission of India.

He was the first Indian Governor of the Reserve Bank of India. He later became the Union Finance Minister. In recognition of his meritorious services to the Reserve Bank and the nation and in order to perpetuate his memory, the Reserve Bank of India has instituted in 1984 an annual lecture series entitled ‘______Memorial Lectures'. Fill in the blanks?
39/40

He was the first Indian Governor of the Reserve Bank of India. He later became the Union Finance Minister. In recognition of his meritorious services to the Reserve Bank and the nation and in order to perpetuate his memory, the Reserve Bank of India has instituted in 1984 an annual lecture series entitled ‘______Memorial Lectures'. Fill in the blanks?

Answer: Chintamani Dwarakanath Deshmukh. (Image Courtesy: Reuters)
40/40

Answer: Chintamani Dwarakanath Deshmukh. (Image Courtesy: Reuters)

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