Global Business Report: India's Rajan QE Worries

The video discusses Raghuram Rajan's critique of unorthodox monetary policies, emphasizing the need for stronger economic growth or a return to normalcy. It highlights Nokia's plan to cut up to 14% of its workforce as it shifts focus to networking infrastructure following its acquisition of Alcatel Lucent. Additionally, Santander plans to cut jobs and close branches in Spain to enhance profitability and promote digital banking.

What does Raghuram Rajan suggest as a solution to the unstable monetary situation?

• Higher interest rates

• Reduction in government spending

• Stronger economic growth

• Increase in taxes

What innovative method was proposed to assess the impact of monetary policies on global welfare?

• Using economic models

• Implementing a color-coded rating system

• Conducting annual reviews

• Establishing a global monetary fund

What is Nokia's primary focus after its workforce reduction?

• Software development

• Consumer electronics

• Networking infrastructure

• Mobile phone manufacturing

What is the main reason behind Santander's decision to cut jobs and close branches?

• To enhance profitability and promote digital banking

• To focus on corporate banking

• To reduce operational costs

• To expand internationally

How many jobs does Santander plan to cut in Spain?

• 2100

• 24000

• 450

• 1200