JOBS & CAREERS |
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Logistic strength
Rich in rewards
Career Hotline
ON MY
own
OFFICE
Mantra
Happiness @ work
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Logistic strength
The rapid growth in international business and the consequent increase in cross-border movement of goods have led to the growth of the logistics industry. The key role played by the logistics industry in the economy of a nation is being recognised by everyone. The industry growth is driven by the setting up of firms that specialise in various facets of the logistics function like shipping; air cargo; warehousing; road transportation; freight forwarding; customs clearance etc. All the companies, specialising in one or more of the above mentioned areas, today offer exciting career opportunities to students with specialised training in the area of logistics and supply chain management.
Keeping in tune with these developments, academic institutions today are offering specialised courses in Logistics Management and Supply Chain Management. In India, courses in logistics management are offered at various levels that train candidates in all aspects relating to the movement of goods over land, air, or water. These courses are designed for the trainees/students to have a fair knowledge of the logistics function within the industry. A logistics management degree/ diploma/ certificate helps a candidate in not only getting an opportunity within the industry but also in companies outside the sector. Typically, every organisation operating in the national and international markets is required to understand the intricacies of the movement of goods and may, therefore, require manpower to handle the specific aspects of its supply chains. Logistics and supply chain were earlier differentiated by industry practitioners and academicians in terms of their scope of coverage of various functions and processes. In recent times, these distinctions have blurred and both these terms are used interchangeably to mean the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers. In other words, this function involves the integration of information, transportation, inventory, warehousing, material-handling, and packaging, and occasionally security. Logistics adds value in terms of creating time and place utility. Advancement of information technology has led complex production logistics to be modeled, analysed, visualised and optimised by software.
Eligibility
There are many different formats of the courses available in this area. Depending on the nature of training, the qualifications required may also vary. Minimum qualification required for admission to undergraduate degree in logistics and supply chain management is a Plus II or its equivalent examination from any recognised Board. Most of the logistics and supply-chain management institutes conduct an entrance test to select candidates for their course. Those appearing in Plus II or equivalent examination can also appear in the entrance examination. Duration
of courses: The course can be pursued at the undergraduate as well as post-graduate level. Apart from the undergraduate and post-graduate courses, some institutes also offer
certificate/diploma courses in logistics and supply chain management. Undergraduate courses- Three / Four year duration Post-graduate courses- Two year duration Certificate courses- One week/ Two weeks/ One month duration Diploma courses- One year duration
Prospects
There are a plethora of opportunities lying ahead for those taking up Logistics and Supply Chain Management courses. With a large number of Indian and multinational companies entering in the Logistics sector, more and more job opportunities are being created. Traditionally, the logistics industry in India hired people at the entry level who did not have any specialised knowledge about the functions, but mostly gained knowledge while being on the job. But times have changed now as organisations have moved from evaluating each element of logistics to look at their overall supply chains. In order to understand this integrative function today, specialised knowledge of the job seeker is of great value to organisations that hire them. However, there is a mismatch between the demand and supply of trained manpower in this industry. Therefore, a person with specialised training in this area has bright career prospects in the industry.
Job avenues
This sector provides huge employment opportunities across the breadth of activities. Today, India is home to many multinational shipping, air-cargo and freight forwarding companies apart from the established Indian players. Apart from these firms, the best practices which are being brought into manufacturing and distribution by multinational companies also necessitate the need to employ people in the supply-chain function. Therefore, a specialised training course in logistics and supply chain management can offer the flexibility to choose from many options like being a logistics management planner, developer, manager, consultant, trainer, supervisor, or entrepreneur. Possible job titles include logistics engineer, development engineer, purchasing engineer, inventory manager, supply-chain coordinator, warehouse manager, logistics manager, transport manager etc.
Pay packet
The salary structure in this industry has grown over the years and today matches the standards of many other industries. Beginners’ monthly salary can range between Rs 8,000 and 15,000. Hence, if the aspirant is dynamic, hardworking, enthusiastic and ready to take on a fast moving career, then this profession may be the right choice. Mid-level professionals in logistics and supply chain management can expect anything between Rs 30,000 to 50,000 or even higher as in the case of multinational companies. The important part of this industry is the need for specialised knowledge. This industry, unlike any other industry, requires the knowledge in multiple areas like customs tariff; freight; packaging etc. Therefore, as one puts in more number of years in the industry, the value is likely to go up and hence the remuneration. (The writer is the Director General of JK Business School,
Gurgaon)
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Rich in rewards
Many students when called upon to make their subject selection for the Plus II stage choose sciences through default. The responses often are: “ I don’t know anything about commerce, or economics, and I don’t like humanities”. Yet commerce and economics are subjects that every individual deals with from an early age ever since we start to buy goods and services or think about money matters. In fact, as is sometimes mentioned — economics is the science of commerce.
Economics is the study of how society distributes its resources, such as land, labour, raw materials, and machinery, to produce a variety of goods and services. Economists conduct research, by collecting and analysing data, and monitoring economic trends, so as to develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others. They then try to find trends and make predictions on the basis of the data, which can be used by governments, organisations and companies to make informed decisions. Economists use a variety of methods for obtaining the data they need. For example, sampling techniques may be used to conduct a survey, and various mathematical modeling techniques may be used to make forecasts. Preparing reports, including tables and charts, on research results also is an important part of an economist’s job, as is presenting economic and statistical concepts in a clear and meaningful way for those who don’t have a background in economics. Some economists also perform economic analysis for the media. Economic studies are applied to practically all sectors such as health, education, agriculture, industry, law, energy, the environment, and other areas. Many companies require the skills of economists for projecting customer demand or product sales, both of the client firm and their competitors to maximise profit. These economists also review other factors like new legislation, minimum wage requirements or tariff, and how it will affect their client. Multinationals with offices in different countries may also have economists assess the economy of countries where branches exist or where they are looking to open new branches. Smaller businesses often hire economists as consultants or those who work in research firms. A large number of economists work with government or government agencies and research organistions where they collect and analyse data on the production, distribution, and consumption of commodities produced in the country, on the domestic economy, including data on prices, wages, employment, productivity, and safety and health. They also assess economic conditions in India and abroad to estimate the effects of specific changes in legislation, wage increases and public policy and advise policy makers.
Getting In
To work as an economist you would require at least a master’s degree, often a Ph.D in economics. Most universities offer a bachelor’s and master’s degree in economics, for which a background in mathematics or statistics is often advised, and in some honours programmes, considered essential. Post-graduate and doctoral courses like M.Phil and Ph.D. courses are also offered by many universities and specific economics schools such as the Delhi School of Economics, Jawaharlal Nehru University, Banaras Hindu University. However, even a basic undergraduate degree in economics is useful for practically any business study as it is an introduction to the world of work and the climate in which businesses operate. Apart from the specific subject knowledge, you will have acquired other valuable skills including numerical and computing skills, analysing and selecting information, and problem solving, thinking logically and communicating your ideas concisely. It is for this reason that a graduate in Economics is particularly well placed, in terms of background knowledge and skills to get into many entry-level jobs in banking, finance, insurance, stock markets, sales and marketing.
Job prospects
With a degree in economics you can also take up chartered accountancy, perform audit and advise clients on all aspects of taxation, and other finance related careers. Economics graduates with strong mathematical and statistical interests and skills can become actuaries or insurance underwriters in an insurance company — assessing probabilities and risk. Most economics graduates pursue employment in the private sector, work with multi-national companies like consulting firms, advise private and public sector organisations regarding business issues, or in areas related to marketing and finance often taking the MBA degree to fast track their career growth. They can also begin their career with government enterprises, public sector undertakings, investment firms, business journals and newspapers. With a master’s or doctoral degree in economics, one can become an Economist — advising government, financial institutions, industrial companies and international organisations on the economic aspects of policy, investment, demand, resource planning and related topics, excellent examples being Dr Manmohan Singh and Amartya Sen. One can also work as an economic researcher — with equity firms, mutual funds and large transnational corporations, or as an economic journalist — with magazines and newspapers such as The Economist, or Economic Times and business channels. One can also take up teaching and academics or work with a research organisation. The Indian Economics Services and jobs with nationalised banks and the Reserve Bank of India are other excellent options open to those who want to join government services. The Indian Economic Services exam is conducted by the Union Public Service Commission to recruit Grade IV officers for the Indian Economic Service (IES). Graduates of commerce and economics in the age group of 18-28 years are eligible to take the Bank Probationary Officers exam and the RBI exam that is conducted by the UPSC at an All-India level. Law, particularly corporate law is another possible destination for economics graduates. The careful reasoning in economics is a good fit for law and legal parameters influence significant economic decisions for companies Prospects for economists are good in all sectors of the economy. The increasing intricacy of the world economy, globalisation, higher competition, and the fact that more and more business predictions are based on quantitative analysis augurs well for economists. So if you like economics, are good at problem solving, have a clear mathematical mind and reasoning ability, you can’t go wrong with choosing economics as a subject for further study.
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Career Hotline
Q. I’m a manager in a nationalised bank. My 16-year-old son is autistic. At this point he requires a lot of time and attention from me which I’m unable to give due to my current job. My working hours stretch from 9 am to 7.30 pm. I have done B.Com (H) from DU and M.Com from Rajasthan University, followed by CAIIB from IIBF. I also have a flair for teaching and IT. I want to know if at this age (I’m 46), I have some other options where I could spare the second half of the day exclusively for my son.
— M L Pant A.
Your efforts and devotion towards your son are laudable. As I see it, you have a couple of options available to you... 1) PSU / nationalised banks are mandated to provide extended leave to their employees on account of study preparation/illness of their children. This option would work if you need to devote the extra time and attention specifically towards an education landmark — e.g. your son’s Class X board exams; and yet hold on to your secure job. Leave of absence could also be looked at. If, however, the additional time you need to devote towards your son is on an ongoing basis, then do check if you can opt for VRS or a golden handshake if you feel the need to explore other options. 2) Financial advisory and consulting — Your several years of experience in banking in particular, and finance in general, could prove invaluable to organisations and individuals. Right from providing advise on financial matters, to preparing reports and documents while applying for bank/project finance are areas where professional help is not easily available — especially so for the SME segment. This would also allow you to regulate
your hours. 3) Teaching — There are ever-increasing number of institions offering BBA, MBA and Finance-related programs (Wealth Management, Insurance & Risk Management, Banking & Finance). These institutions are crying out for faculty. With your credentials of domain expertise and nearly two decades of experience, you could look at teaching as a viable career. If a full-time teaching position doesn’t give you the required spare time, you could also consider being a visiting professor at these institutions where you are not bound to only one institution but “visit” two-three colleges or B-schools. This way you will be much more in control of
your time. Alternately, you could also look at coaching for CA, MCom, Bank PO exams, either in an individual capacity or with an established “coaching centre”. I hope this helps you in your effort to make a suitable job switch.Wishing you the very best in
your efforts.
Is freelancing easy?
Q. What is the difference between a reporter and a freelance journalist? Does one need to have a degree or certificate in journalism to be one of these? Is freelancing easy? — Kanika Joshi A. A reporter is typically on the pay roll of a particular newspaper while a freelance journalist is a journalist who specialises in a particular field and works independently by contributing articles to various newspapers and magazines. Reporters normally cover a specific beat like crime, health, education, civic matters, etc. The Chief Reporter who is in charge of city reporting allocates the reporters their beats. Reporters interpret the events they are reporting on, in terms of their significance or what they mean to the people. However, making a living by freelance writing is quite a hard proposition unless of course you are a celebrity or a specialist in a particular field. To quote Robert Benchley, “The freelance writer is someone who is paid per piece or per word or perhaps”. Freelancers often work as stringers or on retainership for newspapers and magazines. You can increase the scope of your work by writing promotional pieces for small local businesses. A successful freelancer is one who can tap the demand in the marketplace, is a skilled negotiator and a master of time management. A reporter usually has a background in journalism in terms of either a diploma or a degree. A freelance journalist, on the other hand, requires good writing skills and sufficient knowledge of the area s/he is writing about.
Course in criminology
Q. I am doing BSc Physics. I am very keen on pursuing studies in Criminology. Could you please suggest some recognised courses and the
eligibility criteria? — Viresh Singh A. Courses in criminology and forensic science are offered at some of the following universities in north India: LNJN National Institute of Criminology & Forensic Science (M/o Home Affairs), Rohini, Delhi (www.nicfs.org) (affl to GGSIPU): Course: MSc (Criminology & Forensic Sc). Amity Institute of Behavioural (Health) & Allied Sciences, Amity University, NOIDA Course: Master’s in Forensic Sc. Aligarh Muslim University, Aligarh MA Criminology. Banaras Hindu University, Varanasi (www.bhu.ac.in). Course: MA (Criminology). Eligibility: BA (Hon) 45%. Dr B R Ambedkar University, Senate House, Paliwal Park, Agra 282004 (UP). Course: MSc Forensic Sc. Eligibility: BSc (50%). Dr Harisingh Gour Vishwavidyalaya, Sagar 470003 (MP). Course: MA/MSc (Criminology & Forensic Sc). Eligibility: BA/ BSc. Mahatma Gandhi Kashi Vidyapith, Varanasi 221002 (UP). Course: MA Criminology & Administration. Punjabi University, Patiala 147002 (MSc. Forensic Sc) Eligibility: BSc (Hons) or BSc (50% agg). University of Delhi, D/o Anthropology, Course: Certificate in Forensic Sc (1-year). To be upgraded to the level of
Diploma shortly.
Visual impairment no impediment
Q. I am currently studying in Class IX. I got 88 per cent marks in the eighth standard. After a sports injury, I have virtually no vision in my left eye. I haven’t told any of my friends about it. Next year is my board year. Do you think I am eligible for the physically handicapped category? If yes, should I fill my form in this particular section or proceed as an ordinary student? Please tell me. — Jaiprakash Saini A.
Visual impairment in one eye is counted as merely 25 per cent blindness. You need to have 40 per cent visual impairment to be classified as visually handicapped. Do consult your eye specialist for further clarification. However, the Certificate of Physical Disability issued only by the Chief Medical Officer of a district or the Civil Surgeon or a Government Hospital authorised to issue such certificates is an admissible document. As for concealing your condition from your friends, that’s entirely a personal decision. But I see no problem in letting them know. On the other hand, they will admire you all the more. You are a bright and capable student. Don’t let this minor handicap stop you from achieving the greatest heights in your career. Instead, look at it as a cup half full. And, remember, the worst handicap in life is a bad attitude. And that can be changed. Here’s wishing you a truly successful and rewarding future.
The writer is a noted career expert and director, Career Guidance India (CARING). Please send in your queries with your full name, complete address
and academic qualifications to: The Editor, Jobs and Careers, The Tribune, Sector 29, Chandigarh-160030, or at careers@tribunemail.com
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ON MY own With an aim to chart his own course of success in the field of financial management, Sanjeev Chatterjee, a resident of Faridabad and an MBA, started nifty50investment.com last year. In an interview with Arupjyoti Gogoi he talks about the opportunities and challenges that lie in the financial and stock market sector that is growing at a rate of 8.5 per cent annually
Finance management is the backbone of organisations be it corporates, business houses or financial institutions. As much as it is a crucial aspect of a successful and profitable business, financial management yields a number of job options ranging from strategic financial planning to sales. With the inflow of more and more Foreign Institutional Investors (FIIs) in India and existence of market regulator Securities and Exchange Board of India (SEBI), finance and stock market sector has emerged as an exciting field with a plethora of professions branching out. The healthy growth of the Indian economy and other Asian countries has created a rising demand for professional financial management services, such as stock market, fund management and private banking. Wealth management has become one of the most attractive business sectors in the financial sector industry. Deregulation and expansion of both individual and business investments, has created an urgent requirement of innovations in financial service standards and products. The demand for personal financial advisors will likely outstrip average demand for all other occupations over the next decade due to the popularity of financial products like mutual funds, insurance etc. Sanjeev’s nifty50investment.com works as a comprehensive financial planner and in the fields of research, analysis, advisory and support for equity, derivatives, commodity, insurance, mutual fund, taxation and other financial instruments.nifty50investment.com services are comprehensive in terms of offered products. Excerpts: How you got the idea to float your own company. What was the motivation? I have always been an ambitious person with a strong belief that success lies within a person and one just needs to unveil it. Apart from this I have drawn inspiration from great businessmen like Dhirubhai Ambani who have shown the world that no obstacle can come in the way of someone determined to achieve success. It is only the will power that is needed to make us strong. Furthermore, I was giving trading ideas to some of the individual clients of mine while I was pursuing my MBA degree in Gurgaon. So I decided to take this further and with the guidance of my teachers, I decided to start my own company. During the course I become more confident to start on my own because we did a lot of projects on entrepreneurship, which subsequently helped me to strategise my own future entrepreneurship, plans. Why didn’t you go in for a regular job? It is always good to be in a regular job where you have the stability and get a monthly salary. But if you have your own set up then you get a chance to broaden your horizon and explore new things. An employee remains within a bracket of work where one can’t use one’s capabilities optimally. Entrepreneurship is much different than a regular job. As an entrepreneur you are a business owner, a franchise owner, or CEO of your own company. Your duties include managing employees, acquiring resources, seeking venture capitalism, handling finances, planning, time management, human resources and many more. What are growth prospects in this field? The financial sector in India is witnessing a very healthy annual growth of 8.5 per cent, which has exhibited stability over the past few years although several other markets across the world have gone through turmoil. At the same time a number of companies are going for IPOs. The development of the system pertaining to the financial sector was the key to the growth of the same. With the opening of the financial market, a variety of products and services were introduced to suit the need of the customer. The Reserve Bank of India (RBI) played a dynamic role in the growth of the financial sector of India. Services sector is contributing almost 54 per cent of the total GDP of the country out of which banking and non-banking financial institutions (NBFI) are the largest contributor. If we see around us financial services sector is growing rapidly thanks to the increase in Foreign Direct Investment (FDI) into the country. I see huge opportunity in this field since we, in India, discuss about growing stock market, insurance, mutual fund etc but there is no one who can help an individual investor specially a professional to choose a better return from mutual funds or a good stock as an investment. What are your goals? My goal for the first three years of operation will be to make nifty50investment.com a service-based company whose primary goal is to exceed customer’s expectations. I want to increase the number of clients at least by 100 per cent per year with superior service. In next five years, I will be going for a public offering through an IPO that is my ultimate dream. I am including a few of the new products in my box such as reality research so that if anyone wants to buy a house the individual can calculate his EMI, Tax liabilities, area, builder and his offering etc. What challenges does an independent business pose? Some of the challenges of being an entrepreneur generally revolve around money, cash flow and even contacts. The main key to overcoming these challenges is to have clear drive, determination and self-motivation. |
OFFICE Mantra
Psychological research reveals that more than 50 per cent workers are secretly jealous of their co-workers. Jealousy — a combination of anger and wounded pride — can be very destructive at workplace.
Jealousy originates from low self-esteem in a worker. The one having jealousy believes that he doesn’t have something which the other worker has. This produces a sense of deceit in him. The said worker tries to get things done in his favour by hook or by crook. As students Kamal and Rohit were fast friends. But as co-engineers at workplace they were at daggers drawn with each other. Jealousy was the root cause of their hatred for each other. When Kamal got all praise for his excellent work, Rohit was consumed with jealousy. Little did Rohit realise that he, too, had the same worth and talent. He lagged simply by not exhibiting his talent through excellent work. Jealousy also arises out of a sense of comparison. A worker must realise that if there are people ahead of him, then there are several far behind him also. If one always concentrates on the fact that someone else is doing better, then it is natural to develop a sense of jealousy. Such bitter feelings are never constructive. A good worker never indulges in making comparisons. He simply makes the best possible use of his potential. Jealousy has a fire like negative energy that creates mental unhappiness. His Holiness, the 14th Dalai Lama, reveals in his book Healing Anger that hatred fuels anger which further produces a sense of jealousy. It causes discontentment. The feeling that the other person is not right is the fuel. Discontentment arises when one feels that the others are unjust towards him and this obstructs one’s
achievements. Just as to stop the flow a river one has to go to its source, to stop jealousy, too, one has to go to its source. Most people focus more on their failures and downfall. History reveals that only those who dwell upon love, cooperation and helping others win. “In giving thou receive,” said Jesus Christ. In temples, mosques and other religious places people give alms to the poor and the needy. In helping others with love we send out positive energy initially. So not only do we create conditions for this positivity to come back to us, but also for its return in a multiplied form. If workers have love and goodwill for each other, they will get the same in return. And the conditions at workplace can improve tremendously. Successful workers never dwell upon their failures. Instead of feeling jealous, they love their fellow workers. They exude confidence. It costs nothing but pays a lot. Such an attitude inspires and encourages them. As they take initiative for every good cause, good things always come to them because of their sincere efforts in the right direction. There is no end to what they can achieve. The law of mutual relations when applied at workplace can work wonders. Love is a supporting element. Jealousy kills the spirit to work with enthusiasm. Jealousy consumes the very stamina to work. An honest boss always encourages his workforce to love and help each other. Only a foolish boss carries an ill will against his workers. He needs to love his workforce in order to enhance productivity. Psychological studies reveal that the senior who gives crystal clear blueprint for work to his workers, assigns them respective responsibilities, and praises them time and again, gives no chance for jealousy to spread among his workforce. He always gives them incentives without partiality. The one who divides and rules his workforce ruins the very organisation he works for. There is no doubt that mischief-makers are there at every workplace. If not checked in time they can spoil the atmosphere in an otherwise flourishing organisation. The trick of the trade for a good worker is not to bother about such mischief-makers. Here is an example. Weekly meetings at every workplace must be held in order to check the spread of jealousy there. Timely counselling in this respect can also be helpful to a great extent. Each worker must be made to realise that only love makes while jealousy breaks.
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Happiness @ work
The cause of constant irritation for many of us is that we are in a hurry to accumulate comforts or reach somewhere. Inflated salaries and easy-instalment schemes have fuelled this hankering further.
According to Vedic scriptures, this indicates to a lack of Vinayam. This quality tells you that success comes with planning and teamwork; the goal can only be achieved step by step; and only one goal can be achieved at a time. In his eagerness to marry Sachidevi, Indra’s wife, King Nahusha kicked sage Agastya, one of his palanquin bearers, and shouted, “Sarpa (hurry)!” In anger, the sage cursed him to become a ‘sarpa’ (serpent). Lord Shiva was returning home after a long meditation, but a boy stood in the way. “My mother is bathing and I have been told not to let anybody in,” the boy said. Enraged, Shiva cut off the boy’s head only to replace it later with an
elephant head. The Vedic recipe for happiness is: From education, one learns Vinayam (the work etiquette) that makes one eligible (for work). Through this eligibility, one makes money with which the system runs and then, results happiness. — Sai R. Vaidyanathan The writer can be contacted at
svaidyanathan@tribunemail.com
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Fortnightly Quiz-353
1. Where was the world’s tallest tower, Burj Khalifa, inaugurated recently?
2. Who recently became the first Indian woman to ski to the South Pole? 3. Where is the “Maha Kumbh Mela” being held this year? 4. Who set up the first radio station in Jammu and Kashmir in 1947? 5. In which ocean are Solomon Islands situated? 6. With which field is Sudarsan Patnaik associated? 7. Name the Chief Minister of Jharkhand. 8. Which part of the body is affected by the Alzheimer’s disease? 9. In which year did India win the hockey World Cup? 10. What is the mascot of the New Delhi Commonwealth Games? — Tarun Sharma Winners of quiz 352: The first prize by draw of lots goes to Reena Davi, class XII, MDAS Pharal, district Kaithal, Pin Code - 136021 Second: Janhvi Jindal, class V-E, Apeejay School, Junior Section, Model Town, Jalandhar, Pin Code - 141001 Third: Himank, class VIII-D, St Joseph’s Convent School, Bathinda, Pin Code - 151001 Answers to quiz 352: 414 for 7 against Sri Lanka at Rajkot; China; SAIL, ONGC and NTPC; Nitin Gadkari; France and Britain; 2004; Losar; Shaheedi Jor Mela; Painting; Michael Schumacher Cash awards of Rs 400, 300 and 200 are given to the first, second and third prize winners, respectively. These are sent at the school address. Note: Kindly mention the pincode of your place to facilitate the delivery of the prize money. Answers can also be sent
at quiz@tribunemail.com
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