Quote for the Week

"The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems — the problems of life and of human relations, of creation and behaviour and religion." - John Maynard Keynes

Questions for the end of the academic year 2013-14

Send in your answers to profKMody@gmail.com by 25 February 2014

(1) What is a bitcoin?

(2) What is the Euro?

(3) Rearrange the four letter name of Iran's currency and you get the currency of Turkey. What is the unit of currency of Iran?

(4) What is the currency of Bhutan?

(5) What is the currency of China?

(6) U.S. paper money has this formula: 75% of material A and 25% of material B. What are A and B? 

(7) Using five of the letters in the word Europe, spell out the name of a unit of currency used in a certain Asian country.

(8) One of the primary stock market indicators is the Dow Jones Industrial Average. The stocks of how many companies makes up the Dow Jones Industrial Average? 

(9) One of the primary stock market indicators is the BSE Sensex. The stocks of how many companies makes up the BSE Sensex? 

(10) If you cannot pick up a penny with a magnet, then the coin is made of what metal?

:) :) :)

"The difference between theory and practice is that, in theory, there is no difference between theory and practice, but in practice, there is." - Tom Vogl

"Critics of economics say that economists know the price of everything but the value of nothing. Nothing, perhaps, is so dangerous intellectually in the policy sciences as an economist who knows only economics, except, I would add, a moral philosopher who knows no economics at all." - Peter J. Boettke

"One nanny said, 'Feed a cold'; she was a neo-Keynesian. Another nanny said, 'Starve a cold'; she was a monetarist." - Harold Macmillan

Interim Railway Budget

Mallickarjun Kharge keeps passenger fares unchanged 

Some key points from Interim Rail Budget:

1. Urgent need for investment in Railways to improve services.

2. To connect Meghalaya, Arunachal to rail network in FY14.

3. Railways to start passenger service to Vaishno Devi & Katra.

4. Dedicated eastern, western freight corridors soon. 

5. Will commission dedicated freight trains.

Ouch!

 "Critics of economics say that economists know the price of everything but the value of nothing. Nothing, perhaps, is so dangerous intellectually in the policy sciences as an economist who knows only economics, except, I would add, a moral philosopher who knows no economics at all." - Peter J. Boettke