current events beginner 10 sample questions

Business News MCQ Practice Test

Corporate developments and market changes

Q1. Amazon is reportedly acquiring a stake in a company that specializes in autonomous delivery robots. Which company is Amazon reportedly acquiring a stake in?

A. Nuro ✓
B. Starship Technologies
C. RoboThespian
D. Boston Dynamics

Explanation: Amazon is reportedly investing in Nuro, a company that has developed autonomous delivery robots, as part of its efforts to expand its delivery capabilities.

Q2. Which retail giant has announced a deal to acquire a stake in India's Reliance Retail?

A. Amazon ✓
B. Walmart
C. Alibaba
D. JD.com

Explanation: Amazon has announced a deal to acquire a stake in India's Reliance Retail.

Q3. What is the reason behind Amazon's recent decision to acquire iRobot, the company behind the Roomba robot vacuum?

A. To expand its presence in the smart home market ✓
B. To gain access to iRobot's autonomous navigation technology
C. To improve its delivery logistics with the help of iRobot's robots
D. To acquire iRobot's competitor, Neato Robotics

Explanation: Amazon has made the acquisition to strengthen its position in the smart home market, where it competes with other companies like Google and Apple. The move is seen as a strategic one to expand Amazon's ecosystem of connected devices.

Q4. Which major US airline has announced a $6.4 billion deal with Boeing to purchase 787 Dreamliner aircraft?

A. American Airlines
B. Delta Air Lines ✓
C. United Airlines
D. Southwest Airlines

Explanation: Delta Air Lines has announced a significant deal with Boeing to purchase 787 Dreamliner aircraft, worth $6.4 billion.

Q5. What is the reason behind Microsoft's recent acquisition of Nuance Communications, a healthcare software company?

A. To expand its presence in the cloud computing market
B. To enhance its artificial intelligence capabilities through Nuance's speech recognition technology ✓
C. To diversify its revenue streams by entering the healthcare sector
D. To acquire Nuance's popular Dragon speech recognition software

Explanation: Microsoft acquired Nuance Communications to leverage its AI-powered speech recognition technology, which can be integrated with Microsoft's Azure cloud platform and other products, such as Microsoft Teams and Dynamics.

Q6. Which company acquired a 20% stake in the Indian fintech company Zwitch?

A. Alibaba
B. Amazon
C. Flipkart
D. Paytm ✓

Explanation: Paytm's parent company, One97 Communications, acquired a 20% stake in Zwitch to expand its fintech services.

Q7. What is the reason behind Amazon's decision to shut down its cashierless convenience store, Amazon Go, in San Francisco?

A. The store was not generating enough revenue to sustain operations. ✓
B. The company decided to focus on its online grocery business instead.
C. The store was plagued by technical issues with its checkout system.
D. The city of San Francisco imposed regulations that made it difficult for the store to operate.

Explanation: Amazon Go was a convenience store that used artificial intelligence and computer vision to eliminate the need for cashiers. The store was first launched in Seattle in 2018 and expanded to other cities, including San Francisco. However, due to low sales, Amazon decided to close the San Francisco location.

Q8. Which major tech company is a significant customer of the new semiconductor manufacturing facility being built in Arizona?

A. Apple ✓
B. Amazon
C. Google
D. Microsoft

Explanation: Apple is a major customer of TSMC's new semiconductor manufacturing facility in Arizona, which aims to reduce reliance on overseas manufacturing and secure supply chains.

Q9. What is the main reason for the recent decline in the value of Tesla shares?

A. The company's high production costs for the Model 3 sedan ✓
B. The rise of competing electric vehicle manufacturers
C. The announcement of a new CEO replacing Elon Musk
D. The company's shift in focus from autonomous driving to solar energy

Explanation: Tesla's high production costs for the Model 3 sedan have led to a decline in the value of the company's shares. The high costs have been attributed to the company's ambitious production targets and the need to invest in new manufacturing facilities.

Q10. Which e-commerce company has announced a $1 billion investment in its Indian operations, amid rising competition in the country's online retail market?

A. Alibaba Group
B. Amazon
C. Flipkart ✓
D. JD.com

Explanation: Flipkart, an Indian e-commerce company, has received a $1 billion investment from its parent company Walmart, marking a significant boost to its operations in the country.

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