Difficulty: Easy
Correct Answer: All of the above
Explanation:
Introduction / Context:
Forbes magazine periodically releases prestigious lists that recognise outstanding business leaders across the world. One such list is the “100 Greatest Living Business Minds”, which celebrates entrepreneurs and investors who have reshaped industries. This question checks whether you know which Indian names on the list represent global business excellence.
Given Data / Assumptions:
Concept / Approach:
All three names given – Ratan Tata, Lakshmi Mittal, and Vinod Khosla – are world-renowned Indian or Indian-origin business leaders. When a list recognises “greatest living business minds”, it naturally includes individuals who have transformed sectors such as steel, conglomerates, and venture capital-backed technology. The presence of an “All of the above” option strongly hints that more than one of the listed individuals qualifies, so we should verify if all three were indeed featured.
Step-by-Step Solution:
Step 1: Recall Ratan Tata as the former chairman of Tata Sons, who expanded the Tata Group globally.
Step 2: Recall Lakshmi Mittal as the chairman and CEO of ArcelorMittal, one of the world’s largest steel companies.
Step 3: Recall Vinod Khosla as a co-founder of Sun Microsystems and later as a leading venture capitalist in Silicon Valley.
Step 4: Forbes list of the 100 Greatest Living Business Minds includes all three of these prominent Indian or Indian-origin business personalities.
Step 5: Therefore, the option that correctly represents the set of Indians on the list is “All of the above”.
Verification / Alternative check:
If you consult business magazines or reliable GK sources that summarise this Forbes list, you will find separate mentions of Ratan Tata, Lakshmi Mittal, and Vinod Khosla as honorees. Their inclusion reflects their long-term impact: Tata in diversified conglomerates and ethical business leadership, Mittal in global steel consolidation, and Khosla in backing innovative technology ventures. Since each name genuinely appears, the combined option must be correct.
Why Other Options Are Wrong:
Ratan Tata (alone): While correct that he is on the list, choosing only this option ignores the other qualifying Indians.
Lakshmi Mittal (alone): Similarly, he is included but is not the only Indian on the list.
Vinod Khosla (alone): He also appears, but selecting only his name misses the fact that other Indians share this distinction.
Common Pitfalls:
A typical trap in such questions is to assume that only one or two of the options are correct and hesitate to choose “All of the above”. Another common error is not keeping track of high-profile lists and awards in business news. To avoid this, make a habit of noting significant honours received by Indian business leaders in international rankings, especially those highlighted in exam-oriented current affairs material.
Final Answer:
All three business leaders listed – Ratan Tata, Lakshmi Mittal, and Vinod Khosla – have been featured, so the correct choice is All of the above.
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