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Which Roman wrote: “In no year does India draw our empire of less than five hundred and fifty millions of sesterces”?
  • a)
    Pliny
  • b)
    Strabo
  • c)
    Justin
  • d)
    Plutarch
Correct answer is option 'A'. Can you explain this answer?
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Which Roman wrote: In no year does India draw our empire of less than ...
Pliny the Elder wrote the statement "In no year does India draw our empire of less than five hundred and fifty millions of sesterces." This statement can be found in his work, Naturalis Historia, which is a 37-volume encyclopedia that covers a wide range of topics including geography, botany, zoology, and mineralogy.

Explanation:
Pliny the Elder was a Roman author, naturalist, and philosopher who lived during the first century AD. He was known for his extensive knowledge and writings on a variety of subjects, including the natural world, history, and geography. In Naturalis Historia, Pliny provides a detailed account of the geography and natural resources of the Roman Empire and its neighboring regions.

The statement in question refers specifically to the wealth that India was able to generate through trade with the Roman Empire. Pliny notes that India was a major source of luxury goods such as spices, silk, and precious stones, and that Roman demand for these goods was so high that India was able to draw an enormous amount of wealth from the empire.

Pliny's estimate of five hundred and fifty million sesterces is a staggering amount of money, equivalent to tens of billions of dollars in today's currency. It underscores the importance of India as a trading partner for the Roman Empire and provides insight into the vast wealth that was generated through long-distance trade in the ancient world.

In conclusion, Pliny the Elder's statement about India's economic importance to the Roman Empire is a testament to the enduring legacy of ancient trade networks and the global interconnectedness of human societies.
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Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The management team of Eta, a footwear company implemented a massive revamping exercise after making losses for four consecutive fiscal years in which more than 250 managers and their juniors were asked to quit. Eta decided to stop further recruitment. The management offered its staff a performance based salary. In 1996, for the first time in Etas 62-year-old history, the company signed a long-term bipartite agreement. This agreement was signed without any disruption of work. In the six-year period 1993-99, Eta had considerably brought down the staff strength of its Itanagar factory and Calcutta offices to 6,700.In fiscal year 1996, Eta was back in the black with the company reporting net profits of Rs. 41.5 million on revenues of Rs. 5.90 billion (Rs. 5.32 billion in 1995). In fiscal year 1997, Eta further consolidated the gains with the company reporting net profits of Rs 166.9 million on revenues of Rs. 6.70 billion. A senior HR manager at the company admitted that with an upswing in Etas fortunes, even its traditionally intransigent workers were motivated to do better. In 1997, Eta workers achieved 93% of their production targets. The management rewarded the workers with a 17% bonus, up from the 15% given in 1996.However, by the end of 1997, Eta still faced problems of a high-cost structure and surplus labor. In fact, the turnaround had made the unions more aggressive and demanding. Etas CEO had failed to strike a deal with the All India Eta Shop Managers Union (AIESMU) since the third quarter of 1997. The shop managers were insisting that Eta honour the 1990 agreement, which stipulated that the management would fill up 248 vacancies in its retail outlets. It also opposed the move to sack all the cashiers in outlets with annual sales of less than Rs 5 million, which meant elimination of 690 jobs.Q. In the wake of the dispute with the AIESMU, what shouldthe reaction of the management be?

The management team of Eta, a footwear company implemented a massive revamping exercise after making losses for four consecutive fiscal years in which more than 250 managers and their juniors were asked to quit. Eta decided to stop further recruitment. The management offered its staff a performance based salary. In 1996, for the first time in Etas 62-year-old history, the company signed a long-term bipartite agreement. This agreement was signed without any disruption of work. In the six-year period 1993-99, Eta had considerably brought down the staff strength of its Itanagar factory and Calcutta offices to 6,700.In fiscal year 1996, Eta was back in the black with the company reporting net profits of Rs. 41.5 million on revenues of Rs. 5.90 billion (Rs. 5.32 billion in 1995). In fiscal year 1997, Eta further consolidated the gains with the company reporting net profits of Rs 166.9 million on revenues of Rs. 6.70 billion. A senior HR manager at the company admitted that with an upswing in Etas fortunes, even its traditionally intransigent workers were motivated to do better. In 1997, Eta workers achieved 93% of their production targets. The management rewarded the workers with a 17% bonus, up from the 15% given in 1996.However, by the end of 1997, Eta still faced problems of a high-cost structure and surplus labor. In fact, the turnaround had made the unions more aggressive and demanding. Etas CEO had failed to strike a deal with the All India Eta Shop Managers Union (AIESMU) since the third quarter of 1997. The shop managers were insisting that Eta honour the 1990 agreement, which stipulated that the management would fill up 248 vacancies in its retail outlets. It also opposed the move to sack all the cashiers in outlets with annual sales of less than Rs 5 million, which meant elimination of 690 jobs.Q. Which of the following is most unlikely to be a priority of the management?

The management team of Eta, a footwear company implemented a massive revamping exercise after making losses for four consecutive fiscal years in which more than 250 managers and their juniors were asked to quit. Eta decided to stop further recruitment. The management offered its staff a performance based salary. In 1996, for the first time in Etas 62-year-old history, the company signed a long-term bipartite agreement. This agreement was signed without any disruption of work. In the six-year period 1993-99, Eta had considerably brought down the staff strength of its Itanagar factory and Calcutta offices to 6,700.In fiscal year 1996, Eta was back in the black with the company reporting net profits of Rs. 41.5 million on revenues of Rs. 5.90 billion (Rs. 5.32 billion in 1995). In fiscal year 1997, Eta further consolidated the gains with the company reporting net profits of Rs 166.9 million on revenues of Rs. 6.70 billion. A senior HR manager at the company admitted that with an upswing in Etas fortunes, even its traditionally intransigent workers were motivated to do better. In 1997, Eta workers achieved 93% of their production targets. The management rewarded the workers with a 17% bonus, up from the 15% given in 1996.However, by the end of 1997, Eta still faced problems of a high-cost structure and surplus labor. In fact, the turnaround had made the unions more aggressive and demanding. Etas CEO had failed to strike a deal with the All India Eta Shop Managers Union (AIESMU) since the third quarter of 1997. The shop managers were insisting that Eta honour the 1990 agreement, which stipulated that the management would fill up 248 vacancies in its retail outlets. It also opposed the move to sack all the cashiers in outlets with annual sales of less than Rs 5 million, which meant elimination of 690 jobs.Q. As a lawyer working for Dastur and Associates, you have been asked to mediate the dispute. What is likely to be the sequence in your course of action from the options given? A. Call a meeting with both parties at once.B. Study different approaches to the situation.C. Meet both parties individually.D. Suggest a solution that is median to both parties requirements.

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Which Roman wrote: In no year does India draw our empire of less than five hundred and fifty millions of sesterces?a)Plinyb)Straboc)Justind)PlutarchCorrect answer is option 'A'. Can you explain this answer?
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