IIFT Entrance Exam General Knowledge and Current Affairs Syllabus

General Knowledge and Current Affairs syllabus — full chapter and topic list

Expand any chapter to see its topics and sub-topics. This is the whole examinable outline for General Knowledge and Current Affairs in IIFT Entrance Exam, not a summary of it.

1. 1

   Business and Corporate GK

   5 topics

   • Companies, Brands and Taglines
   • Mergers, Acquisitions and Startups
     • Recent M&A deals
     • Unicorns and founders
   • Logos, Mascots and Brand Ambassadors
   • Business Personalities and CEOs
   • Indian and Global Business History
2. 2

   Economy and Trade

   5 topics

   • International Trade Bodies
     • WTO, IMF, World Bank and UNCTAD
     • Trade agreements and FTAs
   • Indian Foreign Trade Policy and EXIM
   • Banking and Financial Institutions
     • RBI, SEBI and monetary policy
     • Financial regulators and instruments
   • Government Schemes and Economic Surveys
   • Currencies, Capitals and Economic Indicators
3. 3

   Static General Knowledge

   5 topics

   • Indian Polity and Constitution
   • History, Art and Culture
   • Geography and Environment
   • Science, Technology and Defence
   • Books, Authors and Awards
     • Literary and Nobel awards
     • National honours and Bharat Ratna
4. 4

   Current Affairs

   5 topics

   • National and International Events
   • Sports and Tournaments
     • Olympics, Asian Games and World Cups
     • Sports awards and records
   • Summits, Conferences and Treaties
   • Personalities, Appointments and Obituaries
   • Awards, Honours and Recognitions

General Knowledge and Current Affairs flashcards for IIFT Entrance Exam

21 of 50 cards from the General Knowledge and Current Affairs deck — real questions with worked answers.

1. Which Indian conglomerate owns the brands Tata Salt, Tanishq, Titan and Jaguar Land Rover?

   The Tata Group. Tata Salt and Tanishq/Titan are Tata Consumer/Titan brands, while Jaguar Land Rover is owned by Tata Motors.

2. What is the brand behind the tagline 'The Complete Man'?

   Raymond, the textile and apparel company.

3. Which company uses the tagline 'Think different'?

   Apple Inc.

4. Identify the tagline of the State Bank of India (SBI).

   'The Banker to Every Indian' (also 'With you all the way').

5. In a merger versus an acquisition, what is the key difference?

   In a merger two companies combine to form a new single entity on roughly equal terms, whereas in an acquisition one company purchases and absorbs another, which ceases to exist independently.

6. Which Indian company acquired the British steelmaker Corus in 2007 in one of India's largest overseas takeovers?

   Tata Steel acquired Corus for about USD 12 billion.

7. What does the term 'unicorn' mean in the startup ecosystem?

   A privately held startup company valued at over USD 1 billion.

8. Which animated mascot represents the cybersecurity-awareness and the Vodafone (earlier Hutch) brand in India?

   The pug dog ('You and I, in this beautiful world') was the iconic Hutch/Vodafone mascot.

9. What is the name of the mascot of the Air India airline?

   The Maharaja (Maharajah), created in 1946.

10. Who is the founder and chairman of Reliance Industries Limited as of the mid-2020s?

    Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Limited.

11. Who founded Infosys in 1981, becoming a key figure in India's IT industry?

    N. R. Narayana Murthy, along with six co-founders, founded Infosys.

12. Which Indian-origin executive became CEO of Google (and later Alphabet)?

    Sundar Pichai.

13. Which Indian-origin executive is the CEO of Microsoft?

    Satya Nadella.

14. Who is regarded as the father of the Indian software/IT services industry and founded Tata Consultancy Services-era computing, often called the 'father of the Indian IT industry'?

    F. C. Kohli (Faqir Chand Kohli), the first CEO of TCS.

15. Which trading company, established in 1600, dominated early British commercial activity in India?

    The British East India Company.

16. What is the headquarters location of the World Trade Organization (WTO)?

    Geneva, Switzerland.

17. In which year was the WTO established, replacing the GATT?

    1995 (it replaced the General Agreement on Tariffs and Trade, GATT, which dated from 1948).

18. What does the acronym OPEC stand for?

    Organization of the Petroleum Exporting Countries.

19. Which government body formulates and administers India's Foreign Trade Policy (FTP)?

    The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry.

20. What do the terms EXIM, and the institution 'EXIM Bank of India', refer to?

    EXIM stands for Export-Import. The Export-Import Bank of India is the apex financial institution for financing and promoting India's foreign trade.

21. What is an SEZ in the context of Indian foreign trade policy?

    A Special Economic Zone - a duty-free enclave treated as foreign territory for trade operations, duties and tariffs, to promote exports.

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