SATYAM SCAM

Who was the chairman of Satyam Computer Services when the Satyam scam came to light in 2009?

• Ratan Tata

• Anil Ambani

• Ramalinga Raju

• Mukesh Ambani

Which auditing firm was responsible for auditing Satyam's financial statements before the scam was uncovered?

• Ernst & Young (EY)

• PricewaterhouseCoopers (PwC)

• Deloitte

• KPMG

How did Ramalinga Raju manipulate Satyam's financial statements to inflate profits?

• Falsifying revenue

• Inflating the number of employees

• Overstating assets

• All of the above

What was the eventual fate of Satyam Computer Services after the scam?

• It was acquired by Tech Mahindra

• It went bankrupt and shut down

• It was bailed out by the Indian government

• It merged with Infosys

Which regulatory authority in India played a significant role in investigating and taking action against those involved in the Satyam scam?

• Reserve Bank of India (RBI)

• Securities and Exchange Board of India (SEBI)

• Ministry of Finance

• Central Bureau of Investigation (CBI)

What legal action did Ramalinga Raju and others involved in the Satyam scam face?

• They were acquitted of all charges

• They received suspended sentences

• They were sentenced to prison

• They were fined but not imprisoned

What lesson can be learned from the Satyam scam for businesses and investors?

• The importance of strong corporate governance

• The need for stricter regulations

• The significance of independent audits

• All of the above

Which year did the Satyam scam come to light, causing a major scandal in India's corporate history?

• 2005

• 2007

• 2008

• 2009

What was the immediate impact of the Satyam scam on the Indian stock market?

• A surge in stock prices

• No significant impact on stock prices

• A sharp decline in stock prices

• Increased investor confidence

How did the Satyam scam impact the employees and clients of the company?

• Employees received significant bonuses

• Clients continued to do business as usual

• Employees faced layoffs and uncertainty

• Clients reported increased satisfaction