biz/eco quiz

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• Written Round• 6 questions• +5 for every correct• +15 bonus

• Desire to buy goods and services influenced by others- • Demand for Mercedes Benz will rise even if its prices rise- • Circular Constellation of forces that keep a nation poor- • This studies the relationship between income and

demand-• A combination of inflation and economic slowdown- • Increase in GNP is a means to overcome problems of

poverty, inequalities and unemployment-

Answers

• Demonstration/Bandwagon Effect• Veblen Effect• Vicious circle of poverty• Engel’s curve• Stagflation• Trickle down effect

CorECO

• +10 for correct• Infinite Bounce

1. When can a demand curve be upward sloping?

1.Prestige and Inferior goods

2. What will happen to the demand curve for Maruti Cars if the price of Hyundai increases?

2. Increase in demand leads to demand curve shifting to the right.

3. For Perfectly Inelastic demand ,What is the shape of demand curve and why?

3. Parallel to Y axis

4. When economy reaches full employment, what happens to the supply curve?

4. Supply Curve is parallel to Y axis

5. Economy’s potential production level is represented by _______

5. Production Possibility Curve

6. What will happen to the supply curve of oil is there is a political crisis in Gulf?

6. Supply curve shifts to the right (due to decrease in supply)

Anticlockwise - BIZ

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X began as an aristocratic practice, a sprinkle of change for social inferiors, and it quickly spread among the upper classes of Europe and rich Americans returned back to USA after the civil war.

1.

Tipping

The logo of Y represents the integration of analog and digital technology.

2.

Sony VAIO. The 'VA' represents an analog wave and the 'IO' represents digital binary code.

Each X, regardless of role, gets paid about two to four thousand rupees per month.In 2002, Forbes Magazine found its reliability to be that of a six sigma standard. More than 175,000 or 200,000 boxes get moved every day by an estimated 4,500 to 5,000 X, all with an extremely small nominal fee and with utmost punctuality. According to a recent survey, they make less than one mistake in every 6 million deliveries.The BBC has produced a documentary on X, and Prince Charles, during his visit to India, visited them.Owing to the tremendous publicity, some of the X were invited to give guest lectures in top business schools of India, which is very unusual. Most remarkably in the eyes of many Westerners, the success of the X trade has involved no advanced technology.The New York Times reported in 2007 that the 125-year-old X industry continues to grow at a rate of 5–10% per year.

What is X ?

3.

Dabbawaalah

It opened its first outlet in 1996 on Brigade Road in Bangalore

Headquarters in Chikkamagaluru, Karnataka.

The strategy adapted is to place a branch in every possible location where some business can be generated. So in Bangalore, in the main shopping district, there are six outlets in a 2 km (1 mi) radius.

Id?

4.

CCD

Born as Bank of Calcutta on 2nd July 1806 mainly to fund General Wellesley's wars against Tipu Sultan and the Marathas . It was renamed Bank of Bengal on January 2, 1809., it became the Imperial Bank of India in 1921 and was renamed to its present name after the Act of Parliament on 1st July 1955.

Name the bank.

5.

State Bank Of India

What is the similarity between Levi Strauss and Fevicol?

Hint : (Logo)

Their logos are similar: horses pulling apart jeans for Levi's, elephants pulling apart a ball for Fevicol. The respective product logos are derivatives of the Magdeburg hemisphere experiment

Clockwise - BIZ

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• This supermarket chain originated in India is known for its good quality products and self-service shopping experience. It sells its own products among other brands.

• The logo also depicts the year this supermarket chain was launched. (Easily crackable)

• PIIGS is a grouping acronym used by international bond analysts, academics, and by the international economic press that refer to the economies of P_____, I______, I______,

G____, and S_____ often in regards to matters relating to sovereign debt markets. Some news and economic organizations have limited or banned their use due to criticism regarding perceived offensive connotations.Who are the PIIGS? (5/5 for full points. 3/5 for part points)

• Portugal, Italy, Ireland, Greece and Spain

• Statistically, X is the world's most popular transportation company. It is estimated that the equivalent of the world's population travel in X every three days. According to United Technologies, X carry the equivalent of the world's population every nine days.

• Whatitis?

• OTIS elevators, escalators , moving sideways

Y in downtown Mumbai, India is the address of the BSE (in the Phiroze Jeejeebhoy Towers) and several related financial firms and institutions. It is the busiest street in the city. When BSE was moved to this new location at the intersection of Bombay Samāchār Marg and Hammam Street, the street next to the building was renamed as Y . It is often used as a metonym for the entire Indian financial establishment.

What is Y??

• AAdvantage is the largest customer loyalty program with more than 50 million members as of 2005. Launched on May 1, 1981, it was the first such loyalty program in the world. Who launched AAdvantage?

• American Airways

• According to Moskovitz, "A lot of exciting things happened in 2004, but mostly we just worked a lot and stressed out about things; this version in the trailer seems a lot more exciting, so I'm just going to choose to remember that we drank ourselves silly...The plot of the book/script unabashedly attack the protagonist but I actually felt like a lot of his positive qualities come out truthfully in the trailer. At the end of the day, they cannot help but portray him as the driven, forward-thinking genius that he is."

• Book – The Accidental Billionaires• Movie – The Social Network

Visual

Claim to Fame?

1. Shri D. Udaya Kumar2. Shri Shahrukh J. Irani3. Shri Hitesh Padmashali4. Ms. Nondita Correa-Mehrotra5. Shri Shibin K.K.

People shortlisted for the design of Indian Rupee

Identify the advertiser.

Microsoft

Connect

Part of YUM! Brands

Which business conglomerate?

Future Group

No points for guessing personality.Brand ambassador of which IPL team?

Saina Nehwal, brand ambassador of Deccan Chargers, owned by Deccan chronicle.

Id?

Donatella Versace