GK for XAT is one of the most important sections for students preparing for the Xavier Aptitude Test (XAT). Unlike other MBA entrance exams, XAT gives special importance to General Knowledge, which tests a candidate’s awareness of static GK and current affairs.
This post on GK for XAT is designed for XAT aspirants who want clear, exam-focused, and easy-to-understand guidance. The GK section in XAT helps assess a candidate’s understanding of business, economy, politics, history, and general awareness.
Whether you are a first-time XAT aspirant or revising for the exam, this content will help you understand the importance of GK and prepare effectively for the XAT exam.
Static GK Topics for XAT
Question: XAT (Xavier Aptitude Test) is conducted by which institute?
Answer: XLRI Jamshedpur
Question: Which body is responsible for formulating monetary policy in India?
Answer: Monetary Policy Committee (MPC)
Question: GDP stands for?
Answer: Gross Domestic Product
Question: Who is known as the father of Indian Constitution?
Answer: Dr. B. R. Ambedkar
Question: Which Indian company became the first to reach $300 billion market capitalization?
Answer: Reliance Industries
Question: Which international organisation publishes the World Economic Outlook?
Answer: International Monetary Fund (IMF)
Question: What does ESG stand for in business ethics?
Answer: Environmental, Social and Governance
Question: Which Indian city is known as the Silicon Valley of India?
Answer: Bengaluru
Question: Who appoints the Governor of RBI?
Answer: Government of India
Question: Which summit focuses on global economic cooperation?
Answer: G20 Summit
Question: What is the full form of CSR?
Answer: Corporate Social Responsibility
Question: Which Indian business tycoon founded the Tata Group?
Answer: Jamsetji Tata
Question: Which country hosts the headquarters of the World Bank?
Answer: United States (Washington D.C.)
Question: What does FDI stand for?
Answer: Foreign Direct Investment
Question: Which Indian act made CSR mandatory for certain companies?
Answer: Companies Act, 2013
Question: Which report ranks countries based on Human Development Index?
Answer: Human Development Report (UNDP)
Question: Who is the author of the book “The Wealth of Nations”?
Answer: Adam Smith
Question: Which sector contributes the maximum share to India’s GDP?
Answer: Service Sector
Question: What is the tenure of the President of India?
Answer: 5 Years
Question: Which concept focuses on long-term value creation for stakeholders?
Answer: Stakeholder Capitalism
Question: Which committee recommended the formation of the Monetary Policy Committee (MPC)?
Answer: Urjit Patel Committee
Question: What is the full form of NITI Aayog?
Answer: National Institution for Transforming India
Question: Which global organisation releases the Global Competitiveness Report?
Answer: World Economic Forum (WEF)
Question: What does the term “Unicorn” refer to in business?
Answer: A startup valued at over $1 billion
Question: Who is known as the father of modern economics?
Answer: Adam Smith
Question: Which Indian organisation regulates the securities market?
Answer: SEBI (Securities and Exchange Board of India)
Question: What does the term “Fiscal Deficit” mean?
Answer: Excess of government expenditure over revenue
Question: Which Indian city hosts the headquarters of SEBI?
Answer: Mumbai
Question: What does the term “Blue Chip Company” signify?
Answer: A financially stable and reputed company
Question: Which country is India’s largest trading partner (overall)?
Answer: United States
Question: What is the main objective of Sustainable Development Goals (SDGs)?
Answer: Achieve sustainable development by 2030
Question: Which Indian entrepreneur founded Infosys?
Answer: N. R. Narayana Murthy
Question: What does the term “Inflation” refer to?
Answer: Rise in general price level over time
Question: Which international body monitors global trade rules?
Answer: World Trade Organization (WTO)
Question: What is the tenure of the RBI Governor?
Answer: 3 Years
Question: Which Indian scheme focuses on financial inclusion?
Answer: Pradhan Mantri Jan Dhan Yojana
Question: Who publishes the World Investment Report?
Answer: UNCTAD
Question: Which term refers to ethical business practices?
Answer: Corporate Governance
Question: What does IPO stand for?
Answer: Initial Public Offering
Question: Which Indian state is the largest contributor to India’s GDP?
Answer: Maharashtra
Question: Which Indian regulator oversees insurance companies?
Answer: IRDAI (Insurance Regulatory and Development Authority of India)
Question: What does the term “Liquidity” mean in finance?
Answer: Ease of converting assets into cash
Question: Which international body releases the World Happiness Report?
Answer: United Nations (UN)
Question: Who is the chairperson of NITI Aayog?
Answer: Prime Minister of India
Question: What does the term “Bear Market” indicate?
Answer: Falling stock prices
Question: Which Indian company is India’s largest public sector bank?
Answer: State Bank of India
Question: What does the term “MSME” stand for?
Answer: Micro, Small and Medium Enterprises
Question: Which global summit deals with climate change?
Answer: COP (Conference of the Parties)
Question: What is the main objective of Corporate Governance?
Answer: Transparency and accountability in management
Question: Which country is the largest economy in the world by nominal GDP?
Answer: United States
Question: What does the term “Startup Ecosystem” refer to?
Answer: Network supporting startups and entrepreneurship
Question: Which Indian act governs the functioning of companies?
Answer: Companies Act, 2013
Question: What is the headquarters of the IMF located?
Answer: Washington D.C., USA
Question: Which index measures inflation at the consumer level in India?
Answer: Consumer Price Index (CPI)
Question: Who introduced the concept of “Five-Year Plans” in India?
Answer: Planning Commission
Question: What does the term “Ethical Leadership” emphasize?
Answer: Integrity and moral values in leadership
Question: Which Indian city is known as the financial capital of India?
Answer: Mumbai
Question: What does the term “Greenwashing” mean?
Answer: Misleading claims about environmental practices
Question: Which organisation publishes the Ease of Doing Business Report?
Answer: World Bank
Question: What does the term “Diversification” mean in investment?
Answer: Spreading investments to reduce risk
Question: Which Indian authority regulates pension funds?
Answer: PFRDA (Pension Fund Regulatory and Development Authority)
Question: What does the term “Shadow Banking” refer to?
Answer: Non-bank financial intermediaries
Question: Which international organisation releases the Global Gender Gap Report?
Answer: World Economic Forum (WEF)
Question: Who is regarded as the father of scientific management?
Answer: Frederick Winslow Taylor
Question: What does the term “Value Chain” mean?
Answer: Activities creating value from production to delivery
Question: Which Indian programme promotes ease of doing business reforms?
Answer: Make in India
Question: What does the term “Carbon Neutrality” mean?
Answer: Net zero carbon emissions
Question: Which global body sets international banking standards?
Answer: Basel Committee on Banking Supervision
Question: What does the term “Merger” imply?
Answer: Combining two or more companies into one
Question: Which country launched the Belt and Road Initiative?
Answer: China
Question: What does the term “Inclusive Growth” emphasize?
Answer: Economic growth benefiting all sections of society
Question: Which Indian organisation publishes the Economic Survey?
Answer: Ministry of Finance
Question: What does the term “Hostile Takeover” mean?
Answer: Acquisition without consent of the target company
Question: Which index tracks the performance of top companies on NSE?
Answer: NIFTY 50
Question: What does the term “Social Entrepreneurship” focus on?
Answer: Solving social problems through business
Question: Which international body coordinates global climate action?
Answer: UNFCCC
Question: What does the term “Disinvestment” mean?
Answer: Sale of government stake in public enterprises
Question: Which leadership style encourages employee participation?
Answer: Democratic Leadership
Question: Which country has the largest population in the world?
Answer: India
Question: Which Indian regulator supervises mutual funds?
Answer: SEBI
Question: What does the term “Gross Fiscal Deficit” indicate?
Answer: Total borrowing requirement of the government
Question: Which organisation publishes the World Inequality Report?
Answer: World Inequality Lab
Question: Who coined the term “Triple Bottom Line”?
Answer: John Elkington
Question: What does the term “Open Market Operations” refer to?
Answer: Buying and selling of government securities by RBI
Question: Which global body measures Ease of Doing Business?
Answer: World Bank
Question: What does the term “Gig Economy” describe?
Answer: Labour market based on short-term contracts
Question: Which Indian company was India’s first unicorn?
Answer: Flipkart
Question: What does the term “Moral Hazard” mean?
Answer: Risk-taking due to protection from consequences
Question: Which index measures human development globally?
Answer: Human Development Index (HDI)
Question: What does the term “Price Elasticity of Demand” measure?
Answer: Responsiveness of demand to price change
Question: Which Indian ministry handles disinvestment?
Answer: Ministry of Finance
Question: What does the term “Circular Economy” emphasize?
Answer: Reuse and recycling of resources
Question: Which global forum discusses economic risks annually?
Answer: World Economic Forum (Davos)
Question: What does the term “Non-Performing Asset” mean?
Answer: Loan on which repayment has stopped
Question: Which leadership theory focuses on motivation and inspiration?
Answer: Transformational Leadership
Question: Which country hosts the headquarters of the WTO?
Answer: Switzerland (Geneva)
Question: What does the term “Stakeholder Theory” emphasize?
Answer: Balancing interests of all stakeholders
Question: Which Indian initiative focuses on startup promotion?
Answer: Startup India
Question: Which body publishes the Global Risks Report?
Answer: World Economic Forum
Question: What does the term “Ease of Living Index” measure in India?
Answer: Quality of life in cities
Question: Which Indian body releases the National Family Health Survey (NFHS)?
Answer: Ministry of Health & Family Welfare
Question: What does the term “Price Stability” mean in monetary policy?
Answer: Controlling inflation within limits
Question: Which Indian economist received the Nobel Prize in Economics in 1998?
Answer: Amartya Sen
Question: What does the term “Corporate Sustainability” focus on?
Answer: Long-term environmental and social responsibility
Question: Which Indian regulator manages commodity markets?
Answer: SEBI
Question: What does the term “Economic Liberalization” mean?
Answer: Reduction of government control in the economy
Question: Which global agreement aims to limit global warming?
Answer: Paris Agreement
Question: What does the term “Human Capital” refer to?
Answer: Skills, knowledge and experience of people
Question: Which Indian scheme focuses on manufacturing growth?
Answer: Make in India
Question: What does the term “Risk Appetite” indicate?
Answer: Level of risk an organisation is willing to accept
Question: Which institution releases the Global Innovation Index?
Answer: WIPO
Question: What does the term “Public–Private Partnership (PPP)” mean?
Answer: Collaboration between government and private sector
Question: Which leadership approach focuses on serving others first?
Answer: Servant Leadership
Question: Which Indian institution publishes the Financial Stability Report?
Answer: Reserve Bank of India
Question: What does the term “Data Privacy” focus on?
Answer: Protection of personal information
Question: Which Indian mission focuses on digital infrastructure?
Answer: Digital India
Question: Which concept focuses on balancing profit, people, and planet?
Answer: Triple Bottom Line
Question: Which global organization monitors international trade rules?
Answer: World Trade Organization (WTO)
Question: What does ESG stand for in business practices?
Answer: Environmental, Social and Governance
Question: Which Indian authority regulates insurance companies?
Answer: IRDAI
Question: What does the term “Fiscal Discipline” refer to?
Answer: Controlled government spending and deficit
Question: Which Indian programme aims at improving logistics efficiency?
Answer: PM Gati Shakti
Question: What is “Green Finance” mainly related to?
Answer: Funding environmentally sustainable projects
Question: Which Indian body publishes the Economic Survey?
Answer: Ministry of Finance
Question: What does the term “Corporate Governance” ensure?
Answer: Ethical and transparent management of companies
Question: Which global index ranks countries by corruption levels?
Answer: Corruption Perceptions Index
Question: What is the primary objective of financial inclusion?
Answer: Access to financial services for all
Question: Which Indian mission promotes startup culture?
Answer: Startup India
Question: What does the term “Economic Inequality” indicate?
Answer: Unequal distribution of income and wealth
Question: Which international body releases the World Economic Outlook?
Answer: International Monetary Fund
Question: What is the focus of “Inclusive Growth”?
Answer: Growth benefiting all sections of society
Question: Which Indian index tracks the performance of 50 major companies?
Answer: NIFTY 50
Question: What does “Ethical Leadership” emphasize?
Answer: Integrity and moral values in leadership
Question: Which Indian act focuses on data protection?
Answer: Digital Personal Data Protection Act
Question: What does the term “Globalization” imply?
Answer: Integration of economies worldwide
Question: What does the term “Monetary Tightening” refer to?
Answer: Reducing money supply to control inflation
Question: Which Indian body regulates pension funds?
Answer: PFRDA
Question: What does the term “Blue Economy” focus on?
Answer: Sustainable use of ocean resources
Question: Which report measures global gender inequality?
Answer: Global Gender Gap Report
Question: What does the term “Shadow Banking” mean?
Answer: Non-bank financial intermediaries
Question: Which Indian initiative focuses on skill development?
Answer: Skill India Mission
Question: What is the main objective of corporate social responsibility (CSR)?
Answer: Social and community welfare
Question: Which international organization releases the World Development Report?
Answer: World Bank
Question: What does the term “Financial Literacy” mean?
Answer: Knowledge of managing personal finances
Question: Which Indian organization manages stock exchanges?
Answer: SEBI
Question: What does the term “Inclusive Banking” emphasize?
Answer: Banking access for underserved sections
Question: Which index measures human development?
Answer: Human Development Index
Question: What does the term “Business Ethics” refer to?
Answer: Moral principles guiding business conduct
Question: Which Indian scheme focuses on rural employment?
Answer: MGNREGA
Question: What does “Digital Divide” indicate?
Answer: Gap in access to digital technology
Question: Which body releases the World Happiness Report?
Answer: United Nations
Question: What does the term “Inflation Targeting” mean?
Answer: Keeping inflation within a fixed range
Question: Which Indian authority manages disinvestment?
Answer: Department of Investment and Public Asset Management
Question: What does the term “Workforce Diversity” imply?
Answer: Inclusion of diverse backgrounds in workforce
Question: What does the term “Greenwashing” mean?
Answer: Misleading claims about environmental friendliness
Question: Which Indian institution prepares the Union Budget?
Answer: Ministry of Finance
Question: What does “Demographic Dividend” refer to?
Answer: Economic growth due to young working population
Question: Which global body deals with climate change issues?
Answer: United Nations Framework Convention on Climate Change
Question: What does the term “Credit Rating” indicate?
Answer: Creditworthiness of a borrower
Question: Which Indian regulator oversees mutual funds?
Answer: SEBI
Question: What is the main aim of “Atmanirbhar Bharat”?
Answer: Self-reliant Indian economy
Question: Which index measures ease of doing business globally?
Answer: Ease of Doing Business Index
Question: What does “Stakeholder Theory” emphasize?
Answer: Responsibility towards all stakeholders
Question: Which Indian act deals with corporate insolvency?
Answer: Insolvency and Bankruptcy Code
Question: What does the term “Social Entrepreneurship” mean?
Answer: Business aimed at social problem solving
Question: Which report ranks countries by press freedom?
Answer: World Press Freedom Index
Question: What does “Corporate Transparency” ensure?
Answer: Openness in company operations and disclosures
Question: Which Indian mission focuses on financial inclusion?
Answer: Pradhan Mantri Jan Dhan Yojana
Question: What does the term “Global Recession” imply?
Answer: Worldwide economic slowdown
Question: Which Indian body releases CPI inflation data?
Answer: National Statistical Office
Question: What does “Ethical Dilemma” mean?
Answer: Conflict between moral choices
Question: Which international body promotes labour rights?
Answer: International Labour Organization
Question: What does “Sustainable Development” focus on?
Answer: Meeting present needs without harming future
Question: What does the term “Quantitative Easing” mean?
Answer: Increasing money supply by central bank
Question: Which Indian body conducts monetary policy?
Answer: Reserve Bank of India
Question: What does the term “Carbon Neutrality” imply?
Answer: Net zero carbon emissions
Question: Which international body releases the World Investment Report?
Answer: UNCTAD
Question: What does “Fiscal Consolidation” aim to achieve?
Answer: Reduction in fiscal deficit
Question: Which Indian act governs competition law?
Answer: Competition Act, 2002
Question: What does the term “Behavioral Economics” study?
Answer: Psychological influence on economic decisions
Question: Which index measures environmental performance of countries?
Answer: Environmental Performance Index
Question: What does “Corporate Accountability” ensure?
Answer: Responsibility of companies for their actions
Question: Which Indian scheme focuses on clean energy?
Answer: National Solar Mission
Question: What does the term “Gig Economy” refer to?
Answer: Short-term and freelance-based jobs
Question: Which report assesses global food security?
Answer: Global Food Security Index
Question: What does “Financial Stability” mean?
Answer: Resilience of the financial system
Question: Which Indian body regulates credit information companies?
Answer: Reserve Bank of India
Question: What does “Social Impact Investing” focus on?
Answer: Investments generating social benefits
Question: Which global body releases the Global Peace Index?
Answer: Institute for Economics and Peace
Question: What does the term “Ethical Consumption” mean?
Answer: Buying products made responsibly
Question: Which Indian mission focuses on water conservation?
Answer: Jal Jeevan Mission
Question: What does “Policy Paralysis” indicate?
Answer: Delay or inaction in policy decisions
Question: What does the term “Stagflation” describe?
Answer: High inflation with slow economic growth
Question: Which Indian body publishes the Index of Industrial Production (IIP)?
Answer: National Statistical Office
Question: What does “ESOP” stand for in corporate management?
Answer: Employee Stock Ownership Plan
Question: Which international body releases the Global Energy Review?
Answer: International Energy Agency
Question: What does the term “Financial Deepening” mean?
Answer: Expansion of financial services and access
Question: Which Indian act governs data protection in digital space?
Answer: Digital Personal Data Protection Act
Question: What does “Circular Economy” promote?
Answer: Reuse and recycling to reduce waste
Question: Which report measures inequality in human development?
Answer: Human Development Report
Question: What does “Market Capitalization” indicate?
Answer: Total value of a company’s shares
Question: Which Indian scheme promotes entrepreneurship among youth?
Answer: Stand-Up India
Question: What does “Ethical Investing” focus on?
Answer: Investing based on moral and ethical values
Question: Which global report tracks progress on Sustainable Development Goals?
Answer: SDG Report
Question: What does the term “Unicorn Startup” mean?
Answer: Startup valued at over $1 billion
Question: Which Indian authority manages spectrum allocation?
Answer: Department of Telecommunications
Question: What does “Social Capital” refer to?
Answer: Networks and relationships enabling cooperation
Question: Which report ranks countries by innovation capacity?
Answer: Global Innovation Index
Question: What does “Risk Management” aim to do?
Answer: Identify and minimize potential losses
Question: Which Indian mission focuses on clean drinking water?
Answer: Jal Jeevan Mission
Question: What does “Inclusive Leadership” emphasize?
Answer: Valuing diversity and equal participation
GK for XAT should not be ignored, as it plays a key role in the overall evaluation process, especially during GD-PI rounds. Regular reading, revision of static GK, and awareness of current events can significantly improve your performance.
Make GK preparation a daily habit along with quantitative aptitude and verbal ability. Consistent practice and revision will help you gain confidence in the XAT GK section.
Stay connected with us for more XAT GK notes, important topics, MCQs, and complete MBA entrance exam preparation material.
