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Business News Quiz – 21.03.16

Business quiz

1) Chancellor George Osborne has unveiled a tax on the makers of what products to tackle childhood obesity?

  • Chips
  • Crisps
  • Chocolate
  • Soft drinks

2) The Office for Budget Responsibility (OBR) has changed its economic growth forecast (GDP) for 2016 from 2.4% to what rate?

  • 2.5%
  • 3%
  • 2%
  • 1.5%

3) Which tax is the chancellor effectively abolishing, having cut it last year from 50% to 35%?

  • Petroleum Revenue Tax
  • Corporation Tax
  • Fuel Duty
  • Capital Gains Tax

4) Which cosmetics company is to move its headquarters to the UK and cut 2,500 jobs worldwide as part of a turnaround plan?

  • L’Oreal
  • Chanel
  • Estée Lauder
  • Avon

5) Which supermarket has reported its first rise in sales in two years, as it continued to cut back on multi-buy promotions and lowered prices on everyday items? The UK’s third-largest supermarket reported that sales at stores open more than a year, excluding fuel, rose 0.1% in the three months to 12 March.

  • Tesco
  • Sainsburys
  • ASDA
  • Morrisons

6) Who is paying Michael Jackson’s estate $750m (£526m) for the late pop star’s share of a joint music publishing venture? The purchase will give them the rights to about three million songs, including works by The Beatles, Bob Dylan and Taylor Swift.

  • Sony
  • Apple
  • Google
  • Universal

7) MPs have decided to issue a formal summons ordering which boss to give evidence to them about the treatment of their workers? He previously declined an invitation to appear before the Business, Innovation and Skills select committee.

  • Dave Lewis
  • David Potts
  • Richard Branson
  • Mike Ashley

8) Owners of tumble dryers requiring repairs in a fire safety campaign are being told they must wait how long for their appliance to be fixed? In November, Whirlpool – the owner of the Hotpoint, Indesit and Creda brands – revealed the massive repair campaign following fires in owners’ homes.

  • 3 months
  • 7 months
  • 11 months
  • 2 years

9) Interest rates have been held in the UK at what level?

  • 1%
  • 0.5%
  • 0.25%
  • 0.75%

10) Which designer has become the latest to offer smartwatches? They are powered by Anrdoid and the company has launched one male watch and one female watch.

  • Kate Spade
  • Marc Jacobs
  • Michael Kors
  • Ralph Lauren



1) Soft drinks

2) 2.0%

3) Petroleum Revenue Tax

4) Avon

5) Sainsburys

6) Sony

7) Mike Ashley

8) 11 months

9) 0.5%

10) Michael Kors

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