Answers to the Strategist quiz #599

Answers to the Strategist quiz #599

1. The Dissolution of the Monasteries, in the late 1530s was one of the most revolutionary events in English history. It was the set of administrative and legal processes between 1536 and 1541 by which Henry VIII disbanded Catholic monasteries, priories, convents and friaries in England, Wales and Ireland, appropriated their income, disposed of their assets, and reassigned or dismissed their former members and functions. What financial method was used to value the assets?

The traditional method of valuing future income streams as a present capital sum known as "years' purchase" 


2. When you connect Chesterfield king size, Shinsei, Lucky Strike, Laurens Jaune brand of cigarettes and what do you arrive at?

All brands of cigarettes smoked by James Bond when he is outside England on his various adventures

3. Name the former British car racing driver who gave the world of business management the GROW, SMART, PURE and CLEAR models for growth and coaching.

John Whitmore 

4.“That’s a good firm. Make a deal with them I am delighted at the opportunity of having my paintings exhibited through the medium of Christmas cards.” Name the former Prime Minister of a country who made this statement and also the firm he is referring to.

Sir Winston Churchill.  Churchill published his essay, Painting as a Pastime, in book form, and J C Hall immediately thought about publishing Churchill's paintings on Hallmark cards. Hallmark selected twelve paintings for use on cards. The New York Times of August 13, 1950 called this "the Churchill Coup." 

5. Which is the first Indian budget in which the FM had to roll back his proposals?

In 1998, Yashwanth Sinha had to apologise and roll back the petrol hike proposed in his Budget

6. When Dr. John Mathai presented the first budget of the Republic of India (1949-50). What did he introduce for the first time?

Printed copies of the speech & budget was made available for the members

7. Which finance minister was responsible for the nationalisation of the Imperial Bank (Now SBI) and the LIC? He also introduced a Hindi version of the Budget Speech, Annual Financial Statement & Explanatory Memo for the first time

C D Deshmukh (1950-56)

8. What is the term/abbreviation used (largely in the US) to describe entry level employees fresh out of college who fancy themselves "management material". The degrees they wear on their shoulders look great but once they get their hands dirty they begin to melt

M&Ms

9. This sportsman’s four-year endorsement deal has set a new record for any non-cricket, non-Bollywood Indian brand ambassador. He is second after Virat Kohli to be earning up to Rs 7.5 crore a year for a single endorsement. Name the person and the brand.

Shuttler Kidambi Srikanth and the Chinese sports brand Li-Ning

10. Identify the person and name the company she formed in the early 1900s and also the product she created. The visual shows a part of the description from the US Patents document.

Elizabeth Maggie Phillips. She invented the Landlord's Game which was a board game and a precursor to Monopoly. The Economic Game Company was incorporated in 1906 in New York by her and two others

   

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 February 5 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 was one correct entry to Quiz no. 598. The winner is M. Mukunthan from Bengaluru