CMAT Preparation@ Hone your GK (business GK) as CMAT Feb 2013 nears

The need is to understand the basics - How and what to prepare in GK. Questions based on GK in CMAT are of MCQ (multiple choice questions) type.

Noida, India (prHWY.com) February 9, 2013 - General knowledge (GK) in various examinations is basically a test of knowledge and IQ of aspirants. All candidates, in one way or the other, are enriching their GK on the topics they like and are inclined to. The need is to understand the basics - "How and what to prepare in GK". In fact, the study of any subject is not as vast as the study of GK or as you put it, general studies'.

Questions based on GK in CMAT are of MCQ (multiple choice questions) type.

Categories - Before starting preparation, you may divide the GK section into three parts - a) business, finance & economy based b) current affairs India and c) international.

In CMAT, GK questions are generally on business, finance & economy based. Business- & finance-oriented GK improves your understanding of the economic environment, strengthening your IQ and making you better equipped to face group discussions and personal interviews.

Beginning with the first part in the series, we give 10 probable questions framed on the CMAT pattern.

Tips to prepare

i) Following questions are indicative. Please read whatever stuff is available on such topics as you may confront these questions in different manner like ' What is the current CRR', 'Different between CRR & SLR' ' Instruments for money control', 'Which is the petroleum product from which subsidy has been fully withdrawn', 'Budget speech of the President marks the beginning or the conclusion of the Budget session', 'Where the Budget is presented first - in Lok Sabha or in Rajya Sabha', 'Which company is not included in the NAVRATNA companies of India' and so on.

ii) Regularly read the business, economy pages of national newspapers like The Times of India and The Hindu and periodicals like The week, India Today, The Economist. Mark the striking events, read editorials and other articles analyzing various national and international events.

iii) No doubt the pressure becomes more when the examination is at hand; so follow a balanced approach. Too much of mugging or burning mid-night oil may not be so effective as you may get confused or may forget whatever you learnt last night. It is better to revise the items that you have already studied and keep pace from a certain date as you deem fit to keep you up-to-date.

iv) Since the examination paper must have been prepared, at least a month back before the examination date, you may eliminate such events which take place w.e.f. a fortnight or so prior to the examination.

Test yourself with 10 business GK questions, prepared by MBAUniverse.com expert, for CMAT

1. The annual loss that the government of India suffers due to subsidy in different forms on petroleum products is approximately (Rs. in thousand crore)

a) 50,000 - 55,000
b) 56,000 - 62,000
c) 63,000 - 67,000
d) 68,000 - 74,000 (d) 68,000 - 74,000


2. Monetary policy of the country is decided by the

a) Ministry of Finance, GoI
b) Group of nationalized and commercial banks of the country
c) Reserve Bank of India
d) The government of India in consultation with leading corporate groups

(c) Reserve Bank of India


3. Increasing the Cash Reserve Ratio (CRR) will -

(a) Expand the money supply in the country
(b) Contract the money supply in the economy
(c) Neither expand nor contract the supply of money
(d) The term is not related to money supply but the demand of cash

(b) Contract the money supply in the economy

4. National Bank for Agriculture and Rural Development (NABARD) is-

a) Direct credit provider to Individuals in Rural areas
b) Rural Bulk credit provider and functions as a re-financing institution
c) Provides seasonal credit to farmers only
d) Provides credit to rural housing only

(b) Rural Bulk credit provider and functions as a refinancing institution

5. Special Drawing Rights (SDR) defined and maintained by

a) World Bank
b) IMF
c) Federal Reserve
d) European Central Bank (b) IMF

6. Gilt-edged market refers to

a) Government securities
b) FII
c) Bullion market
d) None of these (a) Government securities


7. Where is the headquarter of Green Peace

a) Paris
b) New York
c) Madrid
d) Amsterdam (d) Amsterdam

8. Regional rural banks (RRBs) were given the freedom to fix the rate of interest from which year

a) 1996
b) 1999
c) 2003
d) 2007 (a) 1996

9. Bhoomi is the project of online delivery and management of land records in

a) Kerala
b) Bihar
c) Assam
d) Karnataka (d) Karnataka

10. Who is the CMD of National Housing Bank?

a) A.Kartikeyan
b) R.V.Verma
c) Ravi Agarwal
d) O.P.Munjal (b) R.V.Verma

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Tag Words: cmat 2013, cmat, cmat feb 2013

Categories: Education

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