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IIFT Entrance Exam General Knowledge and Current Affairs Syllabus

The General Knowledge and Current Affairs syllabus for IIFT Entrance Exam in full: 4 chapters, 20 topics and 10 sub-topics, every one listed below, plus 50 General Knowledge and Current Affairs flashcards with answers.

4Chapters

20Topics

10Sub-topics

50Flashcards

General Knowledge and Current Affairs syllabus: all 4 chapters

Expand any chapter to see its topics and sub-topics.

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
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
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
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

IIFT Entrance Exam General Knowledge and Current Affairs flashcards — 50 questions with answers

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.
What is the brand behind the tagline 'The Complete Man'?
Raymond, the textile and apparel company.
Which company uses the tagline 'Think different'?
Apple Inc.
Identify the tagline of the State Bank of India (SBI).
'The Banker to Every Indian' (also 'With you all the way').
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.
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.
What does the term 'unicorn' mean in the startup ecosystem?
A privately held startup company valued at over USD 1 billion.
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.
What is the name of the mascot of the Air India airline?
The Maharaja (Maharajah), created in 1946.
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.
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.
Which Indian-origin executive became CEO of Google (and later Alphabet)?
Sundar Pichai.
Which Indian-origin executive is the CEO of Microsoft?
Satya Nadella.
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.
Which trading company, established in 1600, dominated early British commercial activity in India?
The British East India Company.
What is the headquarters location of the World Trade Organization (WTO)?
Geneva, Switzerland.
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).
What does the acronym OPEC stand for?
Organization of the Petroleum Exporting Countries.
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.
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.

Show the other 30 General Knowledge and Current Affairs flashcards

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.
Who is the regulator of the banking system in India and the issuer of currency?
The Reserve Bank of India (RBI), established in 1935.
What does NABARD stand for, and what is its primary role?
National Bank for Agriculture and Rural Development - the apex development bank for agricultural and rural credit in India.
What is the full form of SEBI and what does it regulate?
Securities and Exchange Board of India - the regulator of India's securities and capital markets.
Name the government scheme launched in 2014 for universal financial inclusion through zero-balance bank accounts.
Pradhan Mantri Jan Dhan Yojana (PMJDY).
Who authors and presents India's annual Economic Survey before the Union Budget?
The Chief Economic Adviser (CEA) in the Ministry of Finance prepares it; it is tabled by the Finance Minister in Parliament.
What is the currency of Japan, and what is its capital city?
The currency is the Japanese Yen and the capital is Tokyo.
What does GDP stand for, and what does it measure?
Gross Domestic Product - the total monetary value of all final goods and services produced within a country's borders in a given period.
Define 'fiscal deficit'.
The excess of a government's total expenditure over its total revenue (excluding borrowings) in a financial year; it indicates the government's borrowing requirement.
Which article of the Indian Constitution deals with the Right to Equality before law?
Article 14.
How many Fundamental Rights are currently guaranteed by the Indian Constitution?
Six Fundamental Rights (the Right to Property was removed as a Fundamental Right in 1978).
From which country's constitution did India borrow the Directive Principles of State Policy?
Ireland (the Irish Constitution).
Who is known as the principal architect of the Indian Constitution and chairman of its Drafting Committee?
Dr. B. R. Ambedkar.
The Dilwara Temples, famous for marble carving, belong to which religion and are located where?
They are Jain temples located at Mount Abu, Rajasthan.
Which classical dance form originates from Tamil Nadu?
Bharatanatyam.
Which is the longest river in India?
The Ganga (Ganges).
What is the name of the international agreement adopted in 2015 to limit global warming to well below 2 degrees Celsius?
The Paris Agreement (under the UNFCCC).
What does ISRO stand for, and what was India's first Mars mission called?
Indian Space Research Organisation; its first Mars mission was Mangalyaan (Mars Orbiter Mission), launched in 2013.
Which Indian defence missile family includes Agni and Prithvi?
India's ballistic missile programme developed under the Integrated Guided Missile Development Programme (IGMDP).
Who wrote the Indian national anthem 'Jana Gana Mana'?
Rabindranath Tagore.
Which is the highest literary honour in India, awarded by the Sahitya Akademi-related Bharatiya Jnanpith trust?
The Jnanpith Award.
What is the highest civilian award of India?
The Bharat Ratna.
Which is the highest gallantry/military award of India given for valour during wartime?
The Param Vir Chakra (PVC).
Which Nobel Prize did Mother Teresa win, and in what year?
The Nobel Peace Prize, in 1979.
How often are the Summer Olympic Games held, and what is the symbol of the Olympics?
Every four years; the symbol is five interlocking rings representing the five inhabited continents.
In cricket, which trophy is contested between India and Australia in Test series?
The Border-Gavaskar Trophy.
What does the G20 represent, and what was significant about India's G20 role in 2023?
The G20 is the Group of Twenty major economies; India held the G20 Presidency in 2023 and hosted the summit in New Delhi.
What was the BRICS grouping originally composed of, and what was added to make it BRICS from BRIC?
BRIC originally meant Brazil, Russia, India, China; South Africa joined in 2010 to make it BRICS.
Who serves as the head of the United Nations as its chief administrative officer?
The Secretary-General of the United Nations (António Guterres held the post in the 2020s).
Which prestigious award is conferred annually by the Norwegian Nobel Committee and is the only Nobel awarded in Oslo rather than Stockholm?
The Nobel Peace Prize.

IIFT Entrance Exam General Knowledge and Current Affairs FAQ

What is in the IIFT Entrance Exam General Knowledge and Current Affairs syllabus?

IIFT Entrance Exam General Knowledge and Current Affairs is split into 4 chapters: Business and Corporate GK, Economy and Trade, Static General Knowledge and Current Affairs. Together they contain 20 topics and 10 sub-topics.

How many chapters are in IIFT Entrance Exam General Knowledge and Current Affairs?

4 chapters, containing 20 topics and 10 sub-topics. The largest chapter is Business and Corporate GK, with 5 topics.

Are there flashcards for IIFT Entrance Exam General Knowledge and Current Affairs?

Yes — a 50-card General Knowledge and Current Affairs deck, printed in full in the flashcards section of this page and available in the Examius app with spaced repetition. The free plan covers one exam of your choice, including its flashcards; Examius Pro, a one-time purchase, unlocks every other exam and deck.