10 Questions
How much money did the 1992 Indian stock market scam defraud investors of?
Over ten million USD
What was the main technique used by Harshad Mehta in the 1992 Indian stock market scam?
Misusing market loopholes and fabrication
What happened to the Indian stock market when the 1992 scam was discovered?
It collapsed
How much money did the 1992 Indian stock market scam amount to?
Approximately ₹ 5,000 crores
What type of loans were stock traders able to fraudulently obtain from banks as a result of the scam?
Unsecured loans
What was the main technique used by Harshad Mehta in the 1992 Indian stock market scam?
Misusing market loopholes and fabrication to drive stock prices up
What was the approximate amount of the 1992 Indian stock market scam?
₹ 5,000 crores
How did stock traders fraudulently obtain loans from banks as a result of the scam?
By using their good returns to obtain unsecured loans
What caused the collapse of the Indian stock market when the 1992 scam was discovered?
Discovery of the fraudulent manipulation of stock prices
Who was the main perpetrator of the 1992 Indian stock market scam?
Harshad Mehta
Test your knowledge of the 1992 Indian stock market scam with this quiz. Learn about the market manipulation tactics used by Harshad Mehta and its impact on the Bombay Stock Exchange. Delve into the details of the scam, including the involvement of bankers, politicians, and the methods employed to defraud investors of over ten million USD.
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