
Newsathon

Flashcard
•
Engineering
•
University
•
Hard
Wayground Content
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25 questions
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1.
FLASHCARD QUESTION
Front
Which financial entity lost the most in the 1992 scam?
Back
National Housing Bank
2.
FLASHCARD QUESTION
Front
What was the name of the financial company where 5 accused officials were found guilty?
Back
Financial Fairgrowth Services Ltd
3.
FLASHCARD QUESTION
Front
Which broker duo from Citibank was allegedly involved in the scam?
Back
Pallav Sheth and Ajay Kayan
4.
FLASHCARD QUESTION
Front
In the 1992 scam, which body introduced online trading to prevent future frauds?
Back
National Stock Exchange (NSE)
5.
FLASHCARD QUESTION
Front
What financial instrument did Mehta misuse to gain unsecured loans?
Back
Bank Receipts (BRs)
6.
FLASHCARD QUESTION
Front
Which industrialist was named in the scandal for allegedly being involved?
Back
Aditya Birla
7.
FLASHCARD QUESTION
Front
What was the approximate amount siphoned off from the banking system by Harshad Mehta?
Back
₹1,000 crore
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