Company specific
What is the name of this iconic shoe line started by Nike and Michael Jordan?
Air Jordan
What is the name of the space company founded by Jeff Bezos?
Blue Origin
What is a Price Floor?
A price floor is the legal minimum price set above the equilibrium price by the government, The government imposes price floors to ensure that prices do not fall below a level deemed acceptable for producers or workers.
Name two public sector companies.
Oil and Natural Gas Corporation (ONGC) - A major oil and gas exploration company
Indian Oil Corporation (IOC) - Largest commercial oil and gas company in India
Bharat Petroleum Corporation Limited (BPCL) - Petroleum refining and marketing
Hindustan Petroleum Corporation Limited (HPCL) - Petroleum products and services
Coal India Limited (CIL) - World's largest coal mining company
NTPC Limited (National Thermal Power Corporation) - Electricity generation
State Bank of India (SBI) - Largest public sector bank in India
Punjab National Bank (PNB) - Major government-owned bank
Bank of Baroda - Large multinational banking and financial services company
Canara Bank - Major public sector bank
Indian Bank - Government-owned commercial bank
Bharat Sanchar Nigam Limited (BSNL) - Telecom services provider
Mahanagar Telephone Nigam Limited (MTNL) - Telecom services in metropolitan areas
Hindustan Aeronautics Limited (HAL) - Aerospace and defense manufacturing
Bharat Heavy Electricals Limited (BHEL) - Power generation equipment
Steel Authority of India Limited (SAIL) - Steel production
Hindustan Machine Tools (HMT) - Machine tools and precision equipment
Hindustan Copper Limited - Copper mining and production
Air India - National carrier (recently privatized but historically a public sector firm)
Indian Railways (Various Divisions) - Comprehensive rail transportation network
Shipping Corporation of India - Maritime transportation and logistics
Mineral Exploration Corporation Limited (MECL)
Hindustan Zinc Limited
Nalco (National Aluminum Company)
Indian Drugs and Pharmaceuticals Limited (IDPL)
Hindustan Antibiotics Limited
Bengal Chemicals and Pharmaceuticals
Life Insurance Corporation of India (LIC) - Largest insurance company
Food Corporation of India (FCI)
Bharat Electronics Limited (BEL) - Electronics and defense electronics
Fertilizers and Chemicals Travancore Limited (FACT)
What did Elon Musk say after buying Twitter and walking into their office holding a sink?
“Let that sink in”
Which conglomerate in India has the highest market share?
Reliance Industries Ltd.
Who founded Telegram?
Pavel Durov
What is the law of diminishing marginal returns?
The law of diminishing returns is an economic principle that describes the point at which the benefit gained from an activity starts to decrease after a certain level of input or investment.
Name two reasons why an Annual General Meeting takes place?
The company's financial statements are presented
Key financial indicators are discussed
Shareholders receive detailed insights into:
Annual revenue
Profit and loss
Balance sheet status
Overall financial health of the company
Audited financial reports are typically shared and explained
Management provides context about financial challenges and achievements
What was the cause of the Economic Crisis in 2008?
The 2008 economic crisis was a complex event caused by a combination of risky lending practices, complex financial instruments, housing market collapse, and systemic regulatory failures.
Which natural gas distribution firm in Russia holds the monopoly?
Gazprom or PJSC Gazprom
'A lot of times, people don't know what they want until you show it to them' Who said this?
Steve Jobs
What is a quasi-public good? Give two examples.
A quasi public good is a good or service that has some, but not all, characteristics of a pure public good. These goods are partially non-excludable or non-rivalrous, meaning they exhibit some characteristics of public goods while not fully meeting all criteria.
Public Parks
Lighthouses
Toll roads
Public Universities
Public Broadcasting
Vaccines
Which pricing strategy involves temporarily reducing price in an attempt to force competitors out of the industry as they cannot compete in a profitable way?
Predatory Pricing
Who started Dilbert, the comic strip about corporate culture and its flaws?
Dilbert was created by Scott Adams in 1989.
What was the name of this investment firm that went under in the 2008 economic crisis? It was the very first to go bankrupt.
Lehman Brothers Inc.
Which personality famously quoted “ Any color the customer wants, as long as it’s black.”
Henry Ford
Give an example of information asymmetry favouring the consumer.
Medical Insurance
Which year was the Ansoff Matrix introduced?
1957
In which country did companies have to change the color of manufactured bottles because jewel beetles were on the verge of extinction?
Australia
Who bought Flipkart? And how much was it bought for? And in which year?
Walmart Inc. and it was bought for $16 billion in 2018
Who said: “Nothing is certain except death and taxes.”
Benjamin Franklin
Which economist primarily coined the term nudge and also won the Nobel in 2017 for his work in behavioral economics? (there were two, each one is 250 points)
Richard Thaler and Cass Sunstein
What is the bottom of a recession called?
It is called a ‘Trough’
What is the name given to Japan’s prolonged period of stagnation called? And from what period did it start and end?
It was called the ‘Lost Decade’ Starting in the early 90s and ending in the early 2010s.