Questions

In 1952, Waksman was awarded the Nobel Prize in Physiology or Medicine in recognition "for his discovery of streptomycin," the first antibiotic active against tuberculosis.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon. 

Abraham Lincolon was an American statesman and lawyer who served as the 16th President of the United States from March 1861 until his assassination in April 1865.

Lincoln led the United States through the American Civil War—its bloodiest war and perhaps its greatest moral, constitutional, and political crisis.

Tropical cyclones are also known as 'typhoons' in china, and Willy Willies in Australia.

The minimum age for the post of the chief minister of any state is 25 years.

For a thirsty person, drinking water serves to reduce a drive.