Month: October 2013

Weekly Business Quiz # 205

Q 1. Low Growth + High Inflation, a situation India in currently is referred to as Stagflation. Who used this phrase first ?

Ans. Ian MacLeod in 1965 in a speech to British Parliament

Q 2. Which is the first NBA team to have a Hindi web-site ? Clue : Think which NBA team is owned by an Indian

Ans. Sacramento Kings owned by Vivek Ranadive

Q 3. Identify the co. This Redwood city, Cali. based co uses artificial intelligence and big data to serve automated ads. It had a successful IPO

Ans. Rocket fuel

Q 4. What service is provided by Head Held High Foundation ?

Ans. Skill development for villagers incl village BPO

Q 5. Which jewellery brand has broken new ground by portraying the main model is going for a remarriage? 

Ans. Tanishq Image


Q 6. HT Media, the media arm of Birla Group has launched a B-School in Gurgaon. Name it .

Ans. Bridge School of Management

Q7. As per Forbes, which dead celebrity had the maximum earnings last year ?

Ans. Michael Jackson

Q8. City Adrift by Naresh Fernandes is a short biography of which Indian City ?

Ans. Mumbai

Q9. After the Du Plessis ball tampering controversy what essential requirement in trousers has been asked to be removed from cricketer’s trousers by ICC by 2015 ?

Ans. Zips

Q10. After sourcing ketchup for the last 40 years from Heinz, McDonald’s has decided to look for new suppliers. Why ?

Ans. Heinz CEO was former CEO of Burger King

Q 11. As per Webster’s dictionary what do you call ‘an Indian clerk who writes in English’ ?

Ans. Babu

Q 12. What does the phrase ‘ Going postal’ mean and how did it originate ?

Ans.  Going postal, in American English slang, means becoming extremely and uncontrollably angry, often to the point of violence, and usually in a workplace environment.The expression derives from a series of incidents from 1983 onward in which United States Postal Service(USPS) workers shot and killed managers, fellow workers, and members of the police or general public in acts of mass murder. Between 1986 and 1997, more than forty people were gunned down by spree killers in at least twenty incidents of workplace rage.

Q 13. Silly Putty is a 13 g piece of plastic clay inside an egg-shaped plastic container. Since 1950 300 mn eggs sold.Whose brand it is ?

Ans. Crayola LLC

Q 14. Under what name would Reliance in partnership with 2 sisters Food Group , UK launch fast food restaurant chain in India ?

Ans. Chicken came First

Q 15. Which UAE based travel portal will soon be launching its India operations ? Its claim to fame is it has Sachin as 7.5 % shareholder .Aila !


Q 16. In 2012, Adobe in a landmark move decided to scrap Performance review for its employees. With what did they replace it with ?

Ans. Replacing them with more instant and real-time feedback

Q 17. Which Economic Theorist had predicted the boom in US after the second world war using Econometrics ? He recd Nobel in 1980. He died recently.

Ans. Lawrence P. Klein

Q 18. Uberfacts says One in ten Europeans were conceived in ____ beds. Fill in the brand.

Ans. Ikea

Q 19. Which group has launched a English General Entertainment Channel titled ‘Romedy Now’ ?

Ans. Times Television Network

Q 20. In keeping with the new Companies Act directive, who is the new lady board member to join the Wipro Board from 1 October 2013

Ans. Ireena Vittal

Q 21. With which IIM has mybskoool dot com tied up to launch an 100 day Free Online MBA ?

Ans. IIM Ranchi

 Q22.  With the change in editorial team at The Hindu, who is the new Editor in chief ?

Ans. N.Ravi and Malini Parthasarathy is the new editor

Q 23. What is the unique feature of the Karva chauth app brought out by Tanishq ?

Ans. Moon rise alarm and the screen becomes a chalni ( sieve) 

Q 24. Pamela Ryckman in her book mentions Brazen Hussies, Power Bitches, Chicks in Charge , SLUTS or Successful Ladies Under Tremendous Stress as powerful networks . What does she calls these networks ?

Ans. Stiletto Networks

Q 25. Named after its founder who invented the industrial chemistry process to manufacture sodium carbonate, this Belgium HQed company was the largest multinational company before the First World War. Even after 150 years of its being founded the company is a major co in chemicals and plastics. Which co Is being talked about ?

Ans. Solvay 

Q 26. Naach re mayu ra, a non film song sung by Manna Dey marked the launch of a landmark service on Akashvani. Name the programme.

Ans. Vividh Bharati

Q 27. Situated at the heart of Kolkata, opposite the Presidency College, the Indian Coffee House was commissioned in 1942 by the Indian Coffee Board. Rechristened “Coffee House” in 1947, it emerged as the meeting place for the poets, artistes, literati and people from the world of art and culture. Why is this Coffee House in mourning ?

Ans. Manna Dey sang a popular song on Coffee House. Manna Dey died recently.

Q 28. Once upon a time, when American industry ruled the earth, business and Broadway had a baby. This mutant offspring, glimpsed only at conventions and sales meetings, was the ____ ____-Think Broadway show, except the audience is managers and salesmen, and the songs are about how great it is to be working at the company. Fill in the blanks with the phrase ( two words)

Ans. Industrial Musical

Q 29. In Economics, what is ‘The Hotel California Effect’ ? What is the source of this phrase ?

Ans. The hotel California effect is low entry barrier and high exit barrier. It comes from the line from the Eagles song The Hotel california ,” you can enter any time but you can never leave” . This is practised by social networking sites to lock in their users. It can be used by countries in their FDI policies too.

– Compiled by G.Mohan Twitter handle @go_mohan


Weekly Business Quiz # 204

Q 1. BHP Billiton is a Anglo-Australian mining major. Billiton is named after the place where it had its first tin mine. In which country is Billiton ?

Ans. Indonesia

Q2. Which web site started in 2006 by a Huffington Post Founder is making waves with its ‘listicles’ ?

Ans. BuzzFeed

Q3. In Amazon meetings start differently. There are no PowerPoint presentations. How do they start ?

Ans. Silent reading a 6 page note for 30 mins

Q4. What does a ‘cookie cutter approach’ mean ?

Ans. A standard response, lacking originality

Q5. Indian subsidiary of which global car co will roll out its 5 millionth car today from its Chennai factory ?

Ans. Hyundai

Q6. Tata enters kirana stores business, by opening a convenience store under the name “Star Daily”. Which city was the first outlet opened ?

Ans. Pune

Q7. In which business are the following American web sites Devi’s Closet, Luxemi and Borrow it BIndaas ?

Ans. Sarees on Rent

Q8. Which company has been ranked no 1 in the most in demand employer rankings published by LinkedIn ?

Ans. Google

Q9. “The Everything store” by Brad Stone is a book about which company ?

Ans. Amazon

Q 10. What popular mutual fund product has evolved out of the work done by this year’s Economics Nobel winner Eugene Fama ?

Ans. Index Funds

Q 11. In which business are the following brands Clarins, LOccitane, Rene Furturer, Jean Claude Biguine, Franck Provost ?

Ans. Salons

Q 12. This was the oldest agency in India set up in Bombay in 1764 by two brothers John and Charles. It had interests in shipping, moneylending and trading. It was later passed on to the Wadia family. This company exists even today but in different business. Name the company 
Ans. Forbes and Co. Now part of the Shapoorji Pallonji Group
Q 13. Opium trade was very big in India in 18th century and early 19th century. One of the early forms of forward contracts was “ a commitment to buy a certain quantity of opium at a specific date in the future” .
What item/thing would they exchange as a mark of the contract ? From this the name of the contract is derived 
Ans. Cowrie ( sea shells)
Q 14. What was the flagship company of Tatas during the time of Jamsetji Tata ? He started it after returning from England in 1874. It was inaugurated on 1st January 1877, the day Queen Victoria was coronated Queen of India. So he called its main mill- Empress Mills
Ans. Central India Spinning Weaving and Mfg Co
Q 15. Name the bank promoted in 1865 by a group of Europeans. Though small, it was profitable and it did not venture beyond it’s main city for 23 years. It survives to this day. However its HQ has shifted from the city it was founded in.
Ans. Allahabad Bank
Q 16. Tribhuvandas Kalyandas Gajjar an M.Sc in Chemistry and his student AS KotiBhaskar wanted to use their knowledge for industrial application. They started producing chemicals used in polishing stones, toilet articles and some simple pharma formulations. B.D.Amin a rich landlord noticed them and joined hands to register a co in 1907. Name the company.
Ans. Alembic Chemicals 
Q 17. Which group with business interests in textiles, chemicals, finance, etc was a prominent business house and occupied 3rd position from 1965 to 1979 behind Tatas and Birlas. Today it is a completely spent force. Name this business house.
Ans. Mafatlals
Q 18. One of the early scams in India. The Govt appointed a special commission to look into the shady business practices and tax evasion in 1955. Its head was convicted and sent to jail. It was a prominent business house which had a meteoric rise and a disgraceful fall. Name the business house.
Ans. Dalmias
Q 19. He authored the book “ The visible Hand: Managerial Revolution in the United States”. The first book on Business History. It won the Pulitzer prize for history. He was a historian who joined the strategy deptt of HBS. He is famous for propounding that “ structure follows strategy”. Name him
Ans. Alfred D.Chandler
– Compiled by G.Mohan Twitter @go_mohan