Finance Quiz

1. THE FINQUIZ OF
D-42 (PART 2)
BEST OF NSE FINQUIZ PREP.

2. RULES
• +10/0 on the bounce and +20/10 on the pounce in every
question.
• There is no civilized/uncivilized pounce.
• Blanks indicative nowhere.
• Good Luck!

3. — Anonymous
THOSE WHO DON’T
MANAGE THEIR MONEY
WILL ALWAYS WORK FOR
THOSE WHO DO.
”
“

4. QUESTION 1
• Explain what is being shown in the picture.

5. ANSWER 1
• Chinese lottery winners, in a bid to protect their
identity to avoid theft apply face masks and wear
costumes as well.

6. QUESTION 2
• In 2009, Random House was sued by DiModica for the
unauthorized use of something on the cover of A
Colossal Failure of Common Sense. The book chronicles
the events surrounding the bankruptcy of Lehman
Brothers in the context of the financial crisis of
2007-10.
• What was DiModicas concern, also sold as a product by
Walmart, that strikes an instant connect with the
viewer?

7. ANSWER 2

8. QUESTION 3
• The Stock Exchange of this country was established in
1991, as a vehicle to implement the government’s plan
for privatization of large state-owned companies.
• As every person had a right to own a company, the govt.
issued a voucher system to nearly 2 million citizens
aged 1 and over.
• Its founder, N. Zoljargal, a Harvard graduate, was
dubbed by Asia, Inc. as the “boy wonder of the ——————“,
in appreciation of his efforts that made the Exchange
achieve the status of being the world’s best-performing
stock market in 2010.
• Identify the concerned country.

9. ANSWER 3
• Mongolia

10. +15/+25(-15)
QUESTION 4
• RIBs were issued by the State Bank of India in late
1998 in an attempt to woo cash-rich NRIs to invest in
India to “raise resources for investing in India’s
infrastructure”, in the aftermath of the Pokhran
nuclear explosions.
• The scheme was a huge hit with the NRIs largely because
of the high interest rates these five-year bonds
offered.
• Expand RIB.

11. ANSWER 4
• RIB - Resurgent India Bonds

12. QUESTION 5
• This Dublin based insurance company was renamed CGNU
after the merger of CGU and Norwich Union in May 2000,
though it was rechristened to its former name within a
couple of years in late 2002.
• Identify the company, with whom we would associate
donation drives while we were young for which the
company was listed on the Limca Book of Records.

13. ANSWER 5
• Aviva

14. QUESTION 6
• According to the Oxford Dictionary, this words means
“to be on both sides of (something)”. Finance seems to
have taken a cue from this, where the term refers to a
strategy wherein the investor holds a position in both
call and put options within the same strike price.
• It is a good strategy to pursue if you are confident
that a stock’s price will move significantly but unsure
as to which direction.
• Name the term.

15. ANSWER 6
• Straddle

16. QUESTION 7
• First introduced in late 1999, FastPass is a virtual
queuing system for guests to avoid long lines at
attractions on which the system is installed, freeing
them to enjoy other attractions during their wait.
• This had a very good response from the public, with the
org. later introducing FastPass+ and MaxPass.
• The question is, who introduced these services?

17. ANSWER 7
• Walt Disney Company for Disneyland

18. QUESTION 8
• The second budget of Yashwant Sinha in 1999, which also
happened to be the last budget of the twentieth
century, made a historic departure from a practice that
had been followed by all his predecessors dating back
to the grand British days.
• Consequently, all Finance Ministers succeeding him have
stuck to the new practice started by Sinha since then.
• What was the old practice?

19. ANSWER 8
• Announcing the Indian budget at 5pm local time, as it
was sought to present the Budget at a time convenient
to the British Parliament (1130 am GMT).

20. QUESTION 9
• X is the generic name of a number of traditional
sailing vessels with one or more masts used in the Red
Sea and in the Indian Ocean region. They are trading
vessels used to carry heavy items, like fruit, fresh
water or merchandise, along the Arabian coasts.
• The vignette of a type of X appeared on something your
parents might definitely have used during their
childhood days.
• Identify X and where you would find it.

21. ANSWER 9
• X - Dhows

22. QUESTION 10
• What prompted the Chemical Bank of New York to run this
ad?
“On September 2, 1969, our bank will open at 9:00 and
never close again!”

23. ANSWER 10
• That day marked the first time an ATM in the US started
rolling out dollars.
• Barclays Bank was responsible for the installation of
the world’s first cash machine in 1967.

24. QUESTION 11
• The tune of Jingle Bells is probably still stuck in
your mind months after Christmas. But around this time
a decade ago, it was a synonymous term X that was
starting to get attention in the US.
• It can be described as a situation wherein house owners
mail their keys back over to their bank when they can’t
afford their mortgage repayments.
• What is the easily workout-able term X?

25. ANSWER 11
• Jingle Mail

26. QUESTION 12
• This theory states that during periods of recession,
consumers will eschew purchases of big-ticket luxury
items and seek solace in high-end smaller indulgences.
This may be one of the reasons why restaurants and the
entertainment industry do so well. Name it.

27. ANSWER 12
• Lipstick Effect

28. QUESTION 13
• Secret Millionaires Club was an American animated
series that aired on national television for
approximately 3 years comprising 16 episodes.
• The series followed adventures in business with Ridley,
robot Starky and his friends along with X as their wise
mentor. Every episode focused on different business
situations that kids might encounter in their own lives
like having to raise money for something they want, or
helping a local merchant understand why their business
isn’t working.
• Identify the fit and publicly active X.

29. ANSWER 13
• Warren Buffett

30. QUESTION 14
• In 1987, fearing the possibility of counterfeiting, the
government of a certain country replaced the Voyageur
design on the reverse of their dollar coin with a
popular American bird, resembling a small goose or a
large duck.
• The coin is known informally as X, and as a result, the
bird is now regarded as a national symbol with the Mint
securing the rights to that informal name.
• Identify the country. Brownie points for the informal
name.

31. ANSWER 14
• The Canadian $1 and $2 feature a loon, with the coin
christened as a loonie.

32. QUESTION 15
• This was a kind of allowance given to certain Indians
until 1971, ranging from ₹5000 to a few million per
annum. In 1971, the then Prime Minister Indira Gandhi
argued the case for its abolition based on equal rights
for all citizens and the need to reduce the governments
revenue deficit.
• It was met with much resent among the community, most
vocal among them being Mansoor Ali Khan Pataudi.
• What are we talking about here?

33. ANSWER 15
• Privy purse - a payment made to the ruling families of
erstwhile princely states as part of their agreements
to first integrate with India in 1947

34. QUESTION 16
• Long ago, when stock exchanges weren’t introduced to
the system of electronic trading systems, the easiest
way to communicate with another trader on the other
side of a noisy trading floor was to use hand signals.
• The picture shows the trading pit symbol for Deutsche
Bank AG where the index finger is pointed horizontally
beneath the nose.
• What is the origin for such an unusual technique?

36. ANSWER 16
• Hitler’s moustache!

37. TIME TO TRADE
LONG...

38. +60(-50)
LONG CONNECT QUESTION-1
• The Solomonic column is a helical column, characterized
by a spiraling twisting shaft like a corkscrew. These
twist-fluted columns, as shown in the picture, were
believed to have been bought by the Christian king
Constantine the Great to Rome.
• Revived as a fitting tribute to Baroque architecture,
these columns are known to the modern world through a
very different name.
• This was due to the fact that English dealers found the
resemblance of these columns to a type of sweet sold
traditionally in this way as very striking.
• Give me the sweet.

40. LC-1 ANSWER
• Barley sugar

41. +45(-35)
LONG CONNECT QUESTION-2
• The advent of X - literally “New Art” - can be traced to
two distinct influences: the British Art and Craft
Movement, a revolt against Victorian-era art and the
rise of Japanese wood-block prints.
• Hotel Tassel, whose staircase is shown in the next
slide, is generally considered to be the first true
building built in this style, because of its highly
innovative plain and groundbreaking use of decoration.
• The art form became most conspicuous in major
exhibitions and fairs like the 1900 Expositions
Universelles in Paris during its heyday.
• Give the style X.

43. LC-2 ANSWER
• Art Nouveau

44. +30(-25)
LONG CONNECT QUESTION-3
• Gandhiji says in his autobiography, My Experiments with
Truth:
“The ancient churches of Paris are still in my memory.
Their grandeur and their peacefulness are
unforgettable.... I felt then that those who expended
millions on such divine cathedrals could not have but the
love of God in their hearts.”
• What Gothic architecture styled monument was Gandhi
talking about, whose interior decoration and the famous
gargoyles moved him deeply?

45. LC-3 ANSWER
• Cathedral of Notre Dame

46. +20(-10)
LONG CONNECT QUESTION-4
• The phones haven’t stopped ringing at his home and
office since the groundbreaking announcement.
“Everyone’s calling to say congrats”, says this
gentleman, who became the first Indian to be awarded
the X Prize, considered architecture’s ‘Nobel’
equivalent.
• Born in Pune, he studied in Mumbai before working at
London and Paris as an apprentice under the great
French architect Charles-Édouard Jeanneret.
• Give me the name of this achiever and X, whose family
also owns the Hyatt group.

47. LC-4 ANSWER
• B.V. Doshi
• X - Pritzker Prize

48. +10/(0)
LONG CONNECT QUESTION-5
• This style of architecture is derived from the style of
buildings in Ancient Greece and Ancient Rome. It is
characterized as the simple yet breathtaking, complex
yet elegant style.
• The buildings are built in a symmetric fashion right
down to the door, the fireplace and even the interior
and exterior decorations.
• Name this style of architecture, visible prominently
in the Parthenon.

49. LC-5 ANSWER
• Classical Architecture

50. • The long connect?
• The structures represented on the Euro notes are
entirely stylized illustrations of the relevant
architectural styles, designed to evoke the landmarks
within the European Union, representing various
European ages and styles.