FEQ PRELIMS

RULES

• 1 point per question. • There are part points on offer in all questions• Stars will be used to resolve ties• All questions are workoutable. Plus no negs, so feel free to guess!• Questions 2,4,7 and 11 are star marked

1)

• X was a whaleship that brought fortune-seekers to Yerba Buena later renamed San Francisco during the California Gold Rush of 1849. Currently X is hugely popular for completely different reasons, but the ship as a logo is currently seen by millions of people everyday. Id X and where do we see it?

• The ship became hugely popular due to a recent ‘phenomenon’.

X-NIANTIC LABS, POKEMON GO

2*)

• X is a pejorative term used by right-wingers to dismiss environmental activism as just a disguised socialist (read: communist) movement to undermine capitalism and the "American way". Funnily enough, X has also been adopted by socialists to denote a backslider who hides his true communist colours under a skin of green politics and by environmentalists who accuse left-leaning members of hiding their true economic agenda under the cover of environmental protection. Give X

X-WATERMELON

3)

• ID Y• For economic reasons,

The X firm's initial solution was to build up a fleet of 500 trucks to transport the Y overland, on city streets. Unfortunately, Bruges' infrastructure isn't built to handle that sort of load, which has resulted in heaps of road congestion, wasted fuel, and increased truck maintenance costs.

• Therefore, authorities of X have come of with a plan to install a 3km long pipeline under scenic town of Bruges to transport Y. What are they transporting?

THEY’RE TRANSPORTING BEER

4*)

• The South Sea Company was formed in 1711, as a Tory competitor for the Whig Bank of England. The company was promised a monopoly of all trade to the Spanish colonies in South America.Suddenly things started to fall apart, the ties between Britain and Spain weakened, and their share price was low. They got some new deals, spread rumours about “South Sea riches”, and share price shot up. Eventually a huge collapse happened.What term in economics/share trading was first used here in the context that we currently use it?

ANSWER: BUBBLE

• Eg. Dot-com-bubble,etc. The use of the word bubble to denote a sudden crash came from

• The Bubble act was a regulatory measure to ensure there were no fake holding companies and that the schemes boasted were not fraudulent.

5) PUT FUNDA• The price of each item is set as follows:• The pear tree comes from a local Philadelphia nursery.• The partridge, turtle dove, and French hen prices are determined by the Cincinnati

Zoo and Botanical Garden.• The price of a canary at Petco is used for the calling bird, though the price of

a blackbird (colly bird) may reflect the original version.• Gordon Jeweller's sets the cost of the gold rings, though the gold rings of the song

may actually refer to ring-necked pheasants. The maids are assumed to be unskilled labourers earning the federal minimum wage.

• A Philadelphia dance company provides estimates for the salary of "ladies dancing".• The Philadelphia Ballet estimates the salary for the "leaping lords".• The going-rate for drummers and pipers is that of a Pennsylvania musicians' union.

ANSWER: LIKE THE BIG MAC INDEX, AN ECONOMIC INDEX CALLED THE CHRISTMAS

PRICE INDEX IS USED TO APPROXIMATE THE ‘TRUE COST OF CHRISTMAS EACH YEAR

6)X?

• X is a Persian language word that means "without name" or "no name". In this Act, the word is used to define a transaction in which the real beneficiary is not the one in whose name the property is purchased. As a result, the person in whose name the property is purchased is just a mask of the real beneficiary.

• In 1973, the Law Commission of India after studying various Acts and prevailing X system, recommended formulating an Act to tackle the issue. Accordingly, the X Transactions (Prohibition) Act, 1988 was enacted by the Parliament which came into force on 19 May 1988.

ANSWER:BENAMI

7*)WHAT IS MERIDIAN ROCK AIMING TO DO?

• "I couldn't make sense of it. I didn't know how much we had made or lost on the tour," McKagan recalls. "As a 30 year-old millionaire, how do I admit to somebody that I don't know what the fuck I'm doing?“

• The company, called Meridian Rock, will be headed by McKagan and Andy Bottomley, a British investor. Their goal is to educate Xs about their finances instead of pandering or lying to them -- no small feat in the industry, where businessmen, a.k.a. "suits," are often seen as the enemy.

MERIDIAN ROCK AIMS TO EDUCATE CAREFREE AND SELF DESTRUCTIVE ROCKSTARS ABOUT

FINANCES AND INVESTING• McKagan here is GnR bassist Duff McKagan

8)

• He was a British army officer with the East India Company who became the British Commissioner of Mysore state in 1834. He retained this office until 1860. He moved the capital from Mysore to Bangalore, helped reform thefinances of Mysore, and created a peaceful and prosperous government.Few landmarks in Banglore are named after him.

• Who?

LORD CUBBON, CUBBON PARK

9) X IS THE FUNDA IT’S A PHRASE AND IS SIMILAR TO THE BLANKS. • RBI denied having issued a communication circulating on the social media

alerting members of public that banks will not accept _______ _____ with __________ on them from January 1, 2016.

• All currency notes issued by it are legal tender and banks and members can freely and without fear accept them in exchange for good and services, RBI said in a statement.

• RBI also stated that in pursuance of its clean note policy, it keeps requesting banks and members of public not to X as it defaces them and reduces their life.

ANSWER: THE (UN)POPULAR RUMOR THAT CIRCULATED ON SOCIAL MEDIA WHICH STATED THAT BANK NOTES WITH WRITING ON THEM WOULD BE MADE INVALID

10)

• Asked about the origin of the business idea for his new company, the owner replied that his daughter had come home to India from the US and was experiencing bad Internet connection at home. Although he had all the available options at home yet the Internet was not up to the mark. This prompted him to launch the new company. Identify the owner and company?

ANSWER:JIO

11*)

• In keeping with a custom begun by Lincoln in 1863, U.S. Presidents had declared a general day of thanksgiving to be observed on the last Thursday in November. By late October of that year, President Roosevelt decided to deviate from this custom and declare November 23, the second-to-last Thursday, as Thanksgiving that year.

• Roosevelt moved Thanksgiving to a week earlier to bolster retail sales in America, which was still reeling from the final years of the great depression.

• This move by FDR caused a lot of outrage and discontent in the States, thus prompting a play on the name of Thanksgiving and FDR which gave rise to an infamous term X.

• X?

• X-FranksGiving • From Franklin.D.Roosevelt and Thanksgiving which is a portmanteau

12)THIS IS THE FINANCIAL POINT OF VIEW OF A POPULAR MOVIE. WHICH ONE?• Pump-and-dump” schemes involve the touting of a company’s stock (typically small, so-

called “microcap” companies) through false and misleading statements to the marketplace. Often the promoters will claim to have “inside” information about an impending development or to use an “infallible” combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is “pumped” up by the buying frenzy they create. Once these fraudsters “dump” their shares and stop hyping the stock, the price typically falls, and investors lose their money.

• Fraudsters frequently use this ploy with small, thinly traded companies—known as "penny stocks," generally traded over-the-counter (in the United States, this would mean markets such as the OTC Bulletin Board or the Pink Sheets

ANSWER: WOLF OF WALL STREET

13)

• Under the recommendations of the Acworth Committee in 1921, the Government took over the operations of this entity. In 1924, a certain decision involving ‘separation’ was taken since the entity’s finances formed ~ 75% of the overall country’s numbers. So, a ‘separation’ made sense as it allowed better focus on the priorities of the Government and that of this entity. This figure has reduced to less than 15% these days but the practice of ‘separation’ continues to this day.

• The separation was formed to better utilize allotted resources

• What are we talking about?

ANSWER: THE DECISION TO GIVE THE INDIAN RAILWAYS FINANCIAL AUTONOMY SUCH AS AN

INDEPENDENT FINANCIAL ACCOUNT, BUDGET, ETC.

14)

• SeaCode presents Hybrid-SourcingTM an innovative engineering service which creates high-end software engineering jobs in the U.S. while still providing lower overall costs for our clients.

• With Hybrid-SourcingTM SeaCode brings already offshored jobs back to the U.S. and ensures that 90 cents of every dollar from our clients stays in the U.S. instead of flowing to foreign locations. What does Sea-Code do to bring off-shore jobs back to the US?

ANSWER:

• In 2005, a San Diego company called Sea Code proposed housing foreign software engineers on a cruise ship three miles off the California coast.

• Their engineering team literally works off shore on a cruise ship . They have often times been criticized and accused of running a ‘sweat shop’ and a slave ship

15)

• Conventional customs on this important day for a country every year include: consumption of alcoholic beverages such as Whisky, Beer ,etc.

• In India however, there is a tradition to eat something sweet before an important occasion. Halwa is the chosen dish generally, to precede the ceremony. What ceremony?

ANSWER: BUDGET PRESENTATION