Newsathon

Newsathon

Assessment

Flashcard

Engineering

University

Hard

Created by

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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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