Banking and Currency
Current RBI Governor?
Shaktikanta Das
Husband-Wife duo that won the 2019 Nobel Prize in Economics
Esther Duflo & Abhijeet Bannerjee
This company initially started off selling tobacco and tobacco products. It now boasts of a rather well-diversified portfolio that includes FMCGs, agribusiness, software, and are most notably major hoteliers.
Name the company
ITC
Name the major American retail chain that bought a controlling stake in Flipkart in 2018.
Walmart
On the 10th of March 2023 this prominent US investment bank failed due to a massive bank run, making it the 3rd largest bank failure in US history. This bank was known to cater to a specific market, and mostly take on high-risk funding. This specific industry happens to be something Bengaluru is known for. Name the Bank and the Industry it catered to.
SVB, IT Startups
The Bretton Woods conference not only marked the beginning of the IMF and World Bank but also brought forth the rivalry between two Economists, whose Schools of Thought still clash to this day. The Keynesian School of John Maynard Keynes clashed with the Monetarists, of X, a young American economist who went on to spend his whole intellectual legacy criticising Keynes. Name the Economist X.
Milton Friedman
Looking to stand out in what was an inundated beverage market in the 2000s, this brand owned by the Tatas hit upon an insight; a growing frustration in the youth of the country. The campaign launched in 2007 and was an immediate hit, with the brand gearing itself to mobilize the youth of the country to hold its government accountable. The brand & movement also got an unexpected boost in 2011, after Anna Hazare’s India against corruption movement. Name the brand and its campaign.
Tata Tea, the "Jaago Re!" campaign
The American stock discussion subreddit responsible for orchestrating the GameStop short squeeze of January 2021.
r/wallstreetbets
Earlier known as the Imperial Bank of India, this bank is now the largest public sector bank in the country. Prior to being merged into the Imperial Bank of India, there were three banks, namely Bank of Bombay, Bank of Madras and Bank of X.
Name the Imperial Bank's new name in modern India, as well as the third bank that was merged into it.
State Bank of India, Bank of Bengal
This prominent mathematician wrote their PhD thesis on Non-Cooperative games and brought forth the concept of X Equilibrium, (named after their surname), which is the solution, if not, the most feasible solution to the Gambler’s Fallacy. Name the mathematician, who would then go on to win the Nobel Memorial Prize in Economics along with their peers John Harsanyi and Reinhard Selten.
John Forbes Nash Jr.
This brand traces its origins to a time when India pledged gold to maintain its economy. They almost did not make the brand; a granite business was considered due to the demand for Indian granite in Japan. The founder says that this idea was speedily buried. The reason they didn’t get into the granite business was because world over, for the premium end of the market, jewellers were also watchmakers and the vice-versa. This brand then went on to become India’s first retail X chain. Name the brand and their area of business. (bonus, name the need for the Indian Granite in Japan)
Tanishq, Jewellers (bonus - Tombstones)
" X used forged BRs to gain unsecured loans, and used several small banks to issue BRs on demand. Once these fake BRs were issued, they were passed on to other banks and the banks in turn gave money to X, mistakenly believing that they were lending against government securities. This money was used to drive up the prices of stocks in the stock market. When time came to return the money, the shares were sold for a profit and the BR was retired. The money due to the bank was returned. "
Name X, who was infamously involved in a major Indian securities scam.
Harshad Mehta
This invaluable part of modern transactions was once mentioned in an 1887 utopian novel by Edward Bellamy. Bellamy describes this item word-for-word with its modern counterpart, as a non-money item used for transactions that utilises a citizen's dividend, unlike a borrowing, which its modern counterpart does.
The modern item which we know of was first named the "Diner's Club" card, which is still used to this day.
Name this item.
Credit Cards
Rao and -- thus implemented policies to open up the economy and change India's socialist economy to a more capitalistic one, in the process dismantling the Licence Raj, a system that inhibited the prosperity of private businesses. They removed many obstacles standing in the way of Foreign Direct Investment (FDI), and initiated the process of the privatisation of public sector companies. However, in spite of these reforms, Rao's government was voted out in 1996 due to non-performance of government in other areas. In praise of --'s work that pushed India towards a market economy, long-time Cabinet minister P. Chidambaram has compared --'s role in India's reforms to Deng Xiaoping's in China.
Name --
Dr. Manmohan Singh
Edward Abraham X was an entrepreneurial Scotsman who in 1855, started a brewery in Kasauli, HP for the British requirement of cheap beer. The brewery soon switched hands, and became a distillery under the name of Mohan Meakin Ltd. Mohan Meakin are the famous distillers of the most popular liquor on the Indian Market, which you often find in 90ml & 180ml tetrapaks across Bengaluru. It is odd to think that the iconic liquor has an oddly dark connection to Indian History, as Edward Abraham X was the father of General X, who was responsible for the most harrowing massacre the country had experienced under the Raj.
Name the liquor brand, as well as the massacre and the General responsible for it.
Old Monk Rum, General Reginald Dyer, Jallianwalah Bagh
Asian Paints is the first company on this extremely essential list to the Indian Markets. Wipro is the last on this list. This list comprises of 30 companies in total, including TCS, L&T, Nestle and Axis Bank.
Name this essential list.
BSE Sensex
A lender of the last resort refers to any bank that will provide liquidity to companies that find themselves in a state of no liquidity.
X country has provided loans to many middle-income countries over the past few years, and is becoming a lender of the last resort for the world. India is also one of the many countries it has lent to. This lending policy may be a form of expanding soft power, since this country has been initiating a policy to re-vamp the silk route.Name country X and its dubious policy to re-vamp the silk route.
China, Belt-and-road Initiative
A “Nudge” is defined as any aspect of the choice architecture that alters people's actions in a predictable way without forbidding any options or significantly changing their economic incentives. This was the main focus of the 2017 Economics Nobel Laureate X, a prominent Y Economist. Y Economics is a branch of the discipline that focuses on how people think and act when making Economic Decisions.
Name Economist X, as well as their field of focus in Economics (Y).
Richard Thaler, Behavioural Economics
X, co-founded by PC Musthafa, an IIM alumnus, in 2005, is an extremely successful food products company based in Bengaluru. Their roster of products is focused on South Indian specialties, with the name of the company being an abbreviation of its most successful product.
Name X.
ID Fresh Food
A famous flower, the namesake of a song in The Sound of Music. A major investment and financial services company based in Mumbai.
State their shared name.
Edelweiss