Check Your EQ - Quiz I - 2017-18

The results are out   ... and the top scorers are:
In first place with a perfect score of 20: Shubhangi Singh FYBA
In second place with a score of 18: Lynette Monteiro FYBA
In third place with a score of 17 we have a tie between Nobel Fernando FYBA, Warren Romer FYBA, Emelia Fernandes FYBCom and Joe Pereira FYBCom.

Special mention to Fatema Patel, Ibrat Shaikh and Marc Nazareth from TYBA who scored 20, 19,and 18 respectively.

CONGRATULATIONS TO EVERYONE .... WINNERS AND ALL THE PARTICIPANTS

LOOKING FORWARD TO YOUR PARTICIPATION IN AN EVENT NEXT WEEK

Did You Know ....?

With the gross world product closing in on the $50 trillion mark, as reported by the IMF, the following countries lead in terms of GDP (in trillions of USD) :
U.S.A. close to 13.25

Japan around 4.5

Germany about 3.0

China near 2.75

U.K. around 2.5
Source: Economy Watch

In the news today ....

The Third Bi-monthly Monetary Policy Statement, 2017-18

The Monetary Policy Committee (MPC) decided to:
Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25% to 6.0% with immediate effect.
Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25%.

The MPC observed that while inflation has fallen to a historic low, a conclusive segregation of transitory and structural factors driving the disinflation is still elusive.
The MPC remains focused on its commitment to keeping headline inflation close to 4% on a durable basis.

In the news today ...

In what could be the first high profile exit from government's top policy think tank, Arvind Panagariya on Tuesday resigned as the Vice-Chairman of Niti Aayog, also called the National Institution for Transforming India.
Panagariya has reportedly said that he will return to academia and August 31 is expected to be his last day in office.

Did You also know ?

India's foreign exchange reserves touched a new record high of $391.33 billion after it rose by $2.27 billion in the week to July 21, aided by an increase in foreign currency assets (FCAs). Source, RBI.

Who said ....... Did you know ?

During the 1992 election campaign, Bill Clinton famously coined the phrase:
It’s the “economy, stupid” to admonish George H.W. Bush for his failure to understand the real problem facing voters.

UBI - Did you know?

Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg are among those who say universal basic income, or UBI, is a good idea.
With inequality widening, the idea of an unconditional, periodic cash payment that the government makes to everyone has suddenly become a hot topic.
The idea is whether a person is unemployed or wealthy, a $1,000 monthly government check could replace all current welfare programs, including Social Security.