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Business and Economics Quiz 0.2

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

Which company became the first in the world to reach a $3 trillion market capitalization?

a)

Amazon

b)

Apple

c)

Microsoft

d)

Google

2.

“Blue Ocean Strategy” focuses on:

a)

Competing in existing markets

b)

Creating new market space

c)

Reducing production cost

d)

Improving employee engagement

3.

The term GDP stands for:

a)

Gross Domestic Product

b)

Global Domestic Profit

c)

General Development Plan

d)

Gross Development Product

4.

In economics, inflation refers to:

a)

Increase in money supply

b)

Decrease in value of money

c)

Increase in employment

d)

Rise in exports

5.

Who is the current CEO of Tesla (as of 2025)?

a)

Tim Cook

b)

Elon Musk

c)

Sundar Pichai

d)

Jeff Bezos

6.

Which company owns the brand “KFC”?

a)

PepsiCo

b)

Yum! Brands

c)

McDonald’s Corporation

d)

Nestlé

7.

Which of the following is not a function of management according to Henry Fayol?

a)

Planning

b)

Organizing

c)

Leading

d)

Marketing

8.

SWOT analysis stands for:

a)

Strategy, Work, Options, Targets

b)

Strengths, Weaknesses, Opportunities, Threats

c)

System, Workload, Output, Technique

d)

Skill, Wisdom, Opportunity, Task

9.

Which organization publishes the “World Economic Outlook” report?

a)

World Bank

b)

IMF (International Monetary Fund)

c)

WTO

d)

OECD

10.

The law of demand states that:

a)

When price increases, demand increases

b)

When price increases, demand decreases

c)

When income increases, demand decreases

d)

Price has no effect on demand

11.

In project management, “PERT” stands for:

a)

Performance Evaluation and Review Technique

b)

Program Evaluation and Review Technique

c)

Project Execution and Resource Technique

d)

Planning Evaluation and Resource Technique

12.

The term “Unicorn” in business refers to:

a)

A mythical company

b)

A startup valued over $1 billion

c)

A government-owned company

d)

A loss-making company

13.

“Blockchain” technology is mainly associated with:

a)

Cloud computing

b)

Cryptocurrencies

c)

Artificial Intelligence

d)

Robotics

14.

Which Indian bank was the first to launch an internet banking service?

a)

HDFC Bank

b)

ICICI Bank

c)

SBI

d)

Axis Bank

15.

According to Maslow’s hierarchy of needs, which of the following is a self-actualization need?

a)

Job security

b)

Friendship

c)

Respect and recognition

d)

Personal growth and creativity