Checkmate, LSR Economics Department Quiz

General Quiz with Biz and Econ Trivia

Researched and Conducted byAastha MathurBalasubramanyam Pattath

The Dais Education Initiative

The Prelims 20 questions

Questions 1, 5, 10, 15, 20 are star marked and worth 2 points by virtue of having 2 parts

To qualify for the star, you need to get both parts right

10 teams qualify to the second round to be held on stage

Pay attention to italicised phrases, inverted commas and emboldened words as they are clues.

Blanks are always indicative of the length in this quiz to serve as clues.

Look out for TCQs as they may be in few/plenty depending on your google searches.

All the best

1*  Gnu regression, econometrics and time-series library

is a popular tool in academia.

It uses a powerful scripting language _____ the name of which is closely related to the academic tool, and both names are derived from an 1812 tale which may have originated in the medieval period of the Great Famine (1315–1321),which caused desperate people to abandon young children to fend for themselves, or even resort to cannibalism.

How is Gnu regression, econometrics and time-series library popularly known?

FITB.

Gnu regression, econometrics and time-series library- GRETL

HANSL

2 Pictures from a McDonalds at a certain location.

Where?

Image in next slide

Roswell

3 One of the many unique exhibits in the Bayern

Munich museum is the oversized _____ Battery can with a boot-size hole in it, courtesy of a unrestrained Jürgen Klinsmann, who erupted after a late substitution by Trapattoni in 1997.

FITB, now a subsidiary of Panasonic that earlier pioneered the production of nickel cadmium batteries and lithium ion batteries.

Sanyo

4 As Obama told Vanity Fair in 2012, managing your life

as a president requires that you cut away the mundane, especially one which people over the world fret over, thereby vindicating his binary choices of gray or blue.

Another famous American recently espoused views about Decision Fatigue in the same vein, "I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community,“

What practice of theirs are they defending?

5* A controversial decision made in 2012 was later

revoked in 2014 following backlash like France’s richest man, Bernard Arnault, the chief executive of luxury group LVMH, taking out Belgian nationality, and the actor Gérard Depardieu moving across the border to Belgium before obtaining Russian citizenship. High-earning French footballers threatened strike action, while league bosses warned they would no longer be able to attract world class players.

Who made the controversial decision and what was it?

Francois Hollande’s 75% wealth tax

6• Identify the company

ACME

7 Certain economists between the 50s and 80s

used the principles of Karma and Bhagya as well as contentedness and fatalism to justify this nomenclature by Prof. Raj Krishna. But it has been criticised as grossly misleading and inaccurate but also deeply ironical because of one of the four “Purushaartha”s and phrases like “Shubh Laabh”.

What nomenclature?

Hindu Rate of Growth

8 When Harold Mackintosh set out to produce

Quality Street, a box of chocolates that could be sold at a reasonable price and would therefore be available to working families, he employed a machine that was the first of its kind in the world which made sure the chocolates remained attractive despite their affordability.

What innovation?

World’s first twist wrapping machine

9 In March 2015, Danish celebrity tabloid Se og

Hør bought someone a square foot of land in Scotland to validate a certain moniker that had gained popularity in recent times which was described by the person’s agent as a fun gimmick.

What moniker and for whom?

Lord for Nicklas Bendtner

10* The results of a 2007 Worldwide election

Fill in 1. and 2.

1. ____________ 2. ____________ 3. Vaira Vīķe-Freiberga- President of Latvia 4. Ashraf Ghani- Chancellor of Kabul University,

Afghanistan 5. Surakiart Sathirathai- Deputy prime minister of Thailand 6. Prince Zeid bin Ra'ad- Ambassador from Jordan 7. Jayantha Dhanapala- Former Under-Secretary-General

for disarmament; from Sri Lanka

Ban Ki MoonShashi Tharoor

2007 UN GS elections

11 Air Asia became the first operator of the new

Airbus A320 in the January of 2013, which came equipped with a feature which has now become quite common on airline wings.

What EXACT name have these been given, which can be considered ironic given the recent backlash against the airline transport of the product on which this feature has been modelled?

Image in next slide.

Sharklets

12 The Solow growth model should ideally not be considered

solo work. It is technically known as the alliterative Solow-X model. Though the two did not collaborate with each other, the American and the Australian economist published their results simultaneously.

Noted by Paul Krugman in his New York Times blog: "There's an oldie but goodie in international macro known as the X Diagram — not instructions for making an origami X, but the insightful analysis developed by the Australian economist X.“

X?

Swan

13 In 2001, a grocery delivery service called Webvan

which had losses of $830m, clothing outlet Boo($225m) , kozmo.com etc were include in websites such as the ‘Museum of E-Failure’ and e-disaster. One of the websites created in this vein called ‘Dot-com flop tracker’ has a slightly sad story.

What?

It flopped as well

14 This resort was once owned by Frank Sinatra and

is famous for having the Nevada-California state line run through their swimming pool. Notable guests to this resort include Roosevelt, Monroe, and various other artists and musicians.

Which resort, now a famous casino?

Calneva

15* William Sealy Gosset is best known for writing

under the pen name of ‘Student’ and developing the t-distribution which describes samples drawn from a full population. He developed it while working in an establishment, the motif of which is modelled on the Trinity College Harp. The nature of his work where he had to sample certain ingredients that went into the final product inspired him to come up with the t-distribution.

Identify the establishment and the final product

Guinness and Beer

16 This product was earlier used as a medicine for

diarrhoea and other ailments.

What product/What has been blanked out?

Image in next slide.

17 The 50-year-old dunkin' donut was itself an

emblem of proletariat manners and had disappeared from most stores by 2003. It came with a special design feature which served its consumption alongside coffee, as a hallmark of how the common masses liked to consume their evening snacks.

What was this design feature?

Handle donuts for dipping in coffee

18 Considered one of the greatest political speeches in

American history, the Cross of Gold was delivered by William Jennings Bryan, a former United States Representative from Nebraska, at the Democratic National Convention in Chicago on July 9, 1896. In the address, Bryan supported X or "free Y", which he believed would bring the nation prosperity. He decried the conventional measure by concluding the speech saying, "you shall not crucify mankind upon a cross of gold".

Bryan's address helped catapult him to the Democratic Party's presidential nomination. He had been a dark horse in the race before and though he initially took the stand because the people of Nebraska wished for it, over time his views evolved and he understood its importance in trade.

Identify X Or Identify Y

X- Bimetalism Y- Silver

19 Contents of a book titled ____________:Or how to

Maximise Returns on the Biggest Investment of Your Life.

1 Loss Aversion 2 Supply and Demand 3 Moral Hazard 4 Incentives or getting your ______ to do what you

want 5 Intertemporal Choice 6 Bubble 7 O Game Theory 8 Acknowledgements

Which book?

Spousonomics

20* Both very early adopters of the email and the

internet, who were the first and second owners of an Apple Macintosh in Europe?

Hint: The first “lived in Islington with a lady barrister and an Apple Macintosh“ while the second is famous among other things for reading all seven of the Harry Potter novels for the UK audiobook recordings.

Douglas Adams Stephen Fry

Hand over your sheets!

10 teams to qualify to the second round