Quiz answers final

1.
'X'is a Latin phrase meaning________________________. A prediction or a statement about a causal,
empirical, or logical relation between two states of affairs is "X" if it is acknowledged that the
prediction, although usually accurate in expected conditions, can fail or the relation can be abolished
by intervening factors.
"X" is often key to scientific inquiry, as scientists seek to screen out factors that perturb a relation of
interest. Thus, epidemiologists seek to control independent variables as factors that may influence
dependent variables—the outcomes or effects of interest. Likewise, in scientific modeling, simplifying
assumptions permit illustration or elucidation of concepts thought relevant within the sphere of inquiry.
Whereas fundamental physics tends to state universal laws, other sciences, such as biology,
psychology, and economics, tend to state laws that hold true in "normal conditions" but have
exceptions, "X" laws.The focus on universal laws is a criterion distinguishing fundamental physics as
fundamental science, whereas "X" are predominant in most other sciences as special sciences, whose
laws hold in special cases. what is "X"?

“Ceteris paribus or caeteris paribus”

ROBERT GIFFEN popularly known for his
giffen paradox.

4.
“X” is a portal for facilitating understanding of the Indian Economy and its governance by explaining the concepts used
in the economic policy domain in India.
This portal is managed by government economists of India (known as Indian Economic Service (IES) Officers) and is
intended to cater to the requirements of their counterparts in other countries as well as to academicians, economists,
policy practitioners, financial journalists, students and to any interested citizen, both within the country and abroad.
The objective of this portal is to increase transparency in government by simplifying indigenous concepts or by
introducing domestic institutions to support the professional development of public policy economists. It is meant to
enrich and enhance citizen friendly policy formulation through dialogue and collaborative action.
The motivation behind this site is the then Chief Economic Advisor at Ministry of Finance, Government of India- Dr.
Kaushik Basu (Dec 2009 - July 2012)- who on the occasion of fiftieth year of establishment of Indian Economic Service
inspired IES officers to create a website for explaining economics related concepts which are of relevance to India.
The forerunner for this website is the internally circulated daily newsletter iES Today which was widely received and
appreciated by policy makers of the country.
Members: All serving IES officers are automatically members of this website and are vested with the rights for writing
the content.
The Government of India does not monitor the entries and the views expressed therein are not necessarily those of the
government. The entries, therefore, must not be treated as official statements of policy or definitions.Give “X”.

5. Name the event and the event it embarks?

HALWA CEREMONY
Marks beginning of printing budget documents;
officials and support staff, associated with the
process, will remain cut off from their families till
budget presentation

6. The Bombay High was drilled by drill-ship 'Sagar Samrat' in 1973.
'Sagar Samrat' became an important symbol and knowingly/unknowingly
we've all seen it. It's making a comeback after two decades. How?

yeah fellas I’m back. DID U MISS ME :P

7. MODEL TIME :)
The first Indian Prime Minister, Pandit Jawaharlal Nehru presented the First Five-Year Plan to the
Parliament of India and needed urgent attention. The First Five-year Plan was launched in 1951 which
mainly focused in development of the primary sector. The First Five-Year Plan was based on the “X”
model.
The total planned budget of Rs.2069 crore(2378 crore later) was allocated to seven broad areas:
irrigation and energy (27.2%), agriculture and community development (17.4%), transport and
communications (24%), industry (8.4%), social services (16.64%), land rehabilitation (4.1%), and for
other sectors and services (2.5%). The most important feature of this phase was active role of state in
all economic sectors. Such a role was justified at that time because immediately after independence,
India was facing basic problems—deficiency of capital and low capacity to save.
GIVE “X”.

9. Take a guess!
CS Krishna and Karthik Laxman (both IIMA graduates),
drained by months of mind- numbing work on a "Shadow
Union Budget" under former Finance Minister,Yashwant
Sinha, wrote an article titled "Government mulls direct cash
transfers by dropping money bags from the sky" taking a
dig at the government's much hyped Direct Cash Transfer
schemes. Buoyed by the response to the article, what did
they start?

10. ACRONYM TIME :)
Robert Ward, of the Economist Intelligence Unit, coined an acronym CIVETS,
for six favored emerging market economies. These countries are supposed to
have a diverse and dynamic economy and a young growing population. Expand
CIVETS. Picture if needed.
+6 for 3 correct.
+7 for 4 correct.
+8 for 5 correct.
+10 for 6 correct.

11.
X is a famous person in Delhi University, although he passed away 20 years
ago. Elected from a constituency now infamous for illegal mining and having
previously been the University’s Vice Chancellor,he served as Union Minister
for Education in 1971 and also established three noted institutions of social
science research which are now an integral part of Delhi University: the Delhi
School of Economics, the Institute of Economic Growth and the the Institute for
Social and Economic Change.

12. lets hit something…...
X is a four letter term. Jim O'Neill coined the
term X in 2001 in "The World Needs Better
Economic Xs", a paper written for Goldman
Sachs's "Global Economic Paper" series. X has
now changed to Y which is a 5 letter term
because of Z. Give me X, Y and Z.

13.
● X is an Indian company, which started out as Dandekar and Co. Starting
its operations way back in 1931 it started manufacturing Hores brand lnk
powders & tables. It was incorporated as a private company in 1946, and
was converted into a public limited company in 1988.
● • In May 2011, Japanese company Kokuyo S&T, acquired a 50.74 per cent
stake in X and the company has since been renamed to Kokuyo X Ltd.
Please give me X, which for many might have been an iconic childhood
brand.

● According to media reports, the company X is the
world’s largest consumer of wood, and uses 1% of the
Earth’s total wood supply.
● X, once used to have the tagline “Screw Yourself” to
emphasize the ease of use of its products.
● Which company?
14.

>The name of this company literally translates to “The Halo” or “The Aura”
>Along with its primary interests, the company is active in the dermatological,
tissue engineering and pharmaceutical fields and is the top nanotechnology
patent-holder in the United States
>Liliane Bettencourt, the present owner of the company and the founder’s
daughter is the second most wealthiest woman in the world with a net worth of
around $32 billion.
15.

X, founded in 1948, is still one of Britain’s highest selling
brands with approx 20 million units produced everyday and
about a 150 units consumed every second.
An interesting thing about X is that if you crush it in a
darkened room, you can see them sparkle blue!: this is
because of triboluminescence (light produced by friction)
16.

What is the name given to highly volatile stocks
which move up and down in price frequently.
Hint: The origin comes from the name of a toy.
17. Toy Time O_O

Initially, these papers were printed in Rashtrapati Bhavan.
In 1950, these papers were leaked. This changed the
printing venue to Minto Road located security press. Since
1980, these papers are printed in the North Block. What am
I talking about?
19. Print time :)

This auto giant was set up as a
franchise to assemble jeeps from
Willys, USA in October 1945. It’s today
called Mahindra and Mahindra (M&M).
What was it called in 1945?
21.

Mahindra and Mohammed After partition, one of its
founders Ghulam Mohammed migrated to Pakistan and the
company became Mahindra and Mahindra
MAHINDRA & MOHAMMED

22. Some past recipients of Adam Smith prize
>1894 Arthur Lyon Bowley
>1897 Frederick Pethick-Lawrence, 1st Baron Pethick-Lawrence
>1900 Sydney Chapman
>1903 Arthur Cecil Pigou
>1906 Ernest Alfred Benians
>1909 John Maynard Keynes
>1929 R. F. Kahn
>1930 R. L. Cohen
>1933 B. P. Adarkar
>1935 W. B. Reddaway
>1936 D. G. Champernowne
>1954 Amartya Sen
>1956 “X"
>1974 Martin Osborne
>1987 Richard J. Parkin Give “X”.

24. There are 208 of these. All of them have it. What is it?
Orissa Pattachitra
Bastar Dhokra (Logo)
Bell Metal Ware of Datia and Tikamgarh (Logo)
Kaipad Rice
Kullu ShawL (Logo)
Muga Silk of Assam
Firozabad Glass
Kannauj Perfume
Kanpur Saddlery
Moradabad Metal Craft
Saharanpur Wood Craft
Dharmavaram Handloom Pattu Sarees and Paavadas
Warli Painting

List of Geographical Indications in India

Quiz answers final

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Quiz answers final