Questions

A big bed of rock salt with the top portion of the bed containing potash (though not the variety used as ferilizer) has been discovered in Thar Desert at a depth of 100 metres. A massive belt of lead and zinc has been found in the Agucha area, while gold bearing rocks have been discovered in the Tuensang district of Nagaland.

• Two Indian companies, Tata SteelBSE and Wipro have been named in the list of world’s most ethical companies by American think tank Ethisphere Institute.

• Ethisphere honors those companies who recognize their role in society to influence and drive positive change in the business community and organizations around the world.

• In 2017, 124 honorees were spanning five continents, 19 countries, and 52 industry sectors.

• Wipro is one of the two information technology companies named in the list, the other being Xerox Corporation.

Undergraduates may get this question as feelers of their business knowledge. Insider trading describes the illegal activity of buying or selling stock based on information that is not public information. This is to prevent those with privileged information (company execs, I-bankers and lawyers) from using this information to make a tremendous amount of money unfairly.

The International Trade Centre (ITC) has celebrated the first-ever International MSME Day on June 27, 2017 with theme ‘Small business – big impact’. The purpose of the day is to raise public awareness about the importance of MSMEs to economic growth and international development. The Micro, Small and Medium Enterprises (MSME) Day highlights the strong contribution of MSMEs worldwide to livelihoods, communities and economies and the need to support MSMEs towards their success. The ITC is the joint agency of the UN and the WTO supporting SMEs in developing countries and transition economies for sustainable and inclusive trade.

Former cricketer Ravi Shastri has been named the New coach of Team India on a Two year contract.

This will be Shastri's second stint with the team, after being the director from 2014 - 2016.

I. gives, Rate = 5% p.a.

II. gives, S.I. for 1 year = Rs. 600.

III. gives, sum = 10 x (S.I. for 2 years).

Now I, and II give the sum.

For this sum, C.I. and hence amount can be obtained.

Thus, III is redundant.

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

Thus, Rate =

100 x 1200

= 5% p.a.

2 x 12000

Thus, C.I. for 2 years and therefore, amount can be obtained.

Thus, I is redundant.

Hence, I or III redundant.