Answers to the Strategist quiz #573

Answers to the Strategist quiz #573

1. Who said this “ I suddenly realised that Keynes and all the brilliant economic students in the room were interested in the behaviour of commodities, while I was interested in the behaviour of people”?

Ans: Peter Drucker

2. He was the first to formally draw the graphical representation of demand and supply. Name him.

Ans: Economist Alfred Marshall

3. What is a one banana problem.

Ans: The term originated in the mainframe era when programmers claimed that jobs of system operators could be performed by trained monkeys they would be paid in bananas. Also at IBM, a conceptual system arose ranking problems, based on their difficulty, as one-, two- or three-banana problems

4. Who coined and popularised the terms "the New Normal" in the aftermath of the subprime mortgage crisis in 2009 and later, the "New Neutral" thesis to characterise a period of lower but stable economic growth?

Ans: PIMCO, Pacific Investment Management Company

5. This company set up in 1852 uses the base line "Creating Confidence". Name it and one of its inventing that it brought to the world in 1991.

Ans: Giesecke&Devrient

6. Connect a Swedish chemist, engineer, innovator, and armaments manufacturer and flowers from San Remo in Italy known as the city of flowers and what do you arrive at.

Ans: The Nobel Prize ceremony Along with the prize medal, the traditional flowers given to the winners are flown in from San Remo, Italy. It is where Alfred Nobel spent the last years of his life

7. This person was a gadgeteer whose biggest break came in the early 1900s when he invented a system to make digging through index cards easier. One of his contributions is vital for all central banks. He also founded a company now called Remington Rand. Name him and his invention.

Ans: The American economist Irving Fisher, who discovered the portfolio theory and countercyclical monetary policy, and invented the Rolodex.

8. Which is the term used to describe anything that delivers little payoff or it is hard to measure while often requiring lots of hard work?

Ans: Mouse Milk

9. Which company uses the tagline “Eat well live Well” while celebrating its platinum Jubilee year? 

Ans: The 101-year old Japanese firm Ajinomoto Kabushiki-gaisha

10. Whose first logo was this. 

Ans: Yamaha Corporation

One lucky winner will receive a cheque for Rs 2,000. Send your entries to strategist@bsmail.in. All entries must carry the postal address of the contestant. Last date for receiving entries is August 14 till 8 pm. Previous winners and employees of Business Standard and their families are not eligible to participate. The winner is chosen on the basis of the first correct entry received.

There were 5 correct entries to Quiz no 573. The winner is Ritu Mehta from Jaipur