IBPS PO General Awareness: Business and Finance questions with solutions

Q1. 'Takeover' means an act of assuming control of something, especially the buying out of one company by another. What is the meaning of 'takeover'?

1. A temporary loan
2. A joint venture
3. A merger of equals
4. Assumption of control by acquisition

Answer: Assumption of control by acquisition

A takeover is when one entity gains control of another, usually by purchasing its shares or assets. Among the options, 'Assumption of control by acquisition' matches this meaning exactly.