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Mint quiz
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Businessmen associated with universities
1. This man had made a fortune from trade while in India, often against the directives of the East India Company. In 1718, he donated nine bales of goods to an existing university, the sale of which was used to finance the construction of the new building. Due to this, the university was subsequently named in his honour. Who?
Elihu Yale, after whom Yale University is named.
2. He was a Scottish born American steel baron in the late 19th and early 20th century. He sold his steel empire to JP Morgan, leading to the formation of US Steel, and became a philanthropist. He founded a technical school in 1900, which merged with another institute in 1967 to form a university. Who?
Andrew Carnegie.
3. These two were a pair of businessmen brothers. The elder was a banker and industrialist who is the only secretary of the treasury to have served under three presidents of the US. The younger was the president of their family owned bank. In 1913, an institute of industrial research was founded by these two, which in 1967 merged with the institute in Question 2. What was the surname of these brothers?
Mellon. Carnegie Mellon University was formed by the merger of institutes named after Carnegie and the Mellon brothers.
Ford Motor Comapany
4. Henry Ford was totally opposed to certain activities in his factories. He ordered Harry Bennett, the head of his service department to use intimidation tactics to squash these activities. The most famous incident, in 1937, was a bloody brawl that became known as The Battle of the Overpass. What precise activities was Ford trying to suppress?
Labour unions.
5. This technology, introduced by Ransom E. Olds was vigorously promoted by Henry Ford in 1913. Due to this, a complete car could be manufactured in 98 minutes. What technology was this?
Assembly line.
6. On 5 January 1914, Henry Ford started a revolutionary programme to improve the lot of his workers. This eventually led to higher sales of the Model-T because Ford’s workers were prosperous enough to buy these cars. What programme was this?
The ‘$5 a Day’ programme, which more than doubled the wages of Ford workers.
Finance ministers
7. He was a French finance minister in the mid-18th century, who tried to restore the kingdom’s finances by taxing the rich and the privileged. His name survives as the name for a form of art comprising of a profile traced onto and cut from black paper, because the victims of his taxes complained that they had been reduced to mere shadows. Who?
Etienne de Silhouette, who gives his name to the art form, silhouette.
8. This man, the finance minister under Akbar, was one of the navratnas of his court. He overhauled the existing revenue system, introduced standard weights and measures and initiated the land reforms and taxation system. Who?
Raja Todar Mal.
9. Which former Indian finance minister has written a book on his tenure titled Confessions of a Swadeshi Reformer?
Yashwant Sinha.
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