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1992 Indian Stock Market Scam Quiz

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Questions and Answers

How much money did the 1992 Indian stock market scam defraud investors of?

Over one billion USD

Approximately ₹ 5,000 crores

Around twenty million USD

Over ten million USD (correct)

What was the main technique used by Harshad Mehta in the 1992 Indian stock market scam?

Identity theft and credit card fraud

Misusing market loopholes and fabrication (correct)

Pyramid schemes and Ponzi schemes

Insider trading and embezzlement

What happened to the Indian stock market when the 1992 scam was discovered?

It became more stable

It experienced a significant surge

It remained unaffected

It collapsed (correct)

How much money did the 1992 Indian stock market scam amount to?

Approximately ₹ 5,000 crores Signup and view all the answers

What type of loans were stock traders able to fraudulently obtain from banks as a result of the scam?

Unsecured loans Signup and view all the answers

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 Signup and view all the answers

What was the approximate amount of the 1992 Indian stock market scam?

₹ 5,000 crores Signup and view all the answers

How did stock traders fraudulently obtain loans from banks as a result of the scam?

By using their good returns to obtain unsecured loans Signup and view all the answers

What caused the collapse of the Indian stock market when the 1992 scam was discovered?

Discovery of the fraudulent manipulation of stock prices Signup and view all the answers

Who was the main perpetrator of the 1992 Indian stock market scam?

Harshad Mehta Signup and view all the answers

1992 Indian Stock Market Scam Quiz

Choose a study mode

Podcast

Questions and Answers

How much money did the 1992 Indian stock market scam defraud investors of?

What was the main technique used by Harshad Mehta in the 1992 Indian stock market scam?

What happened to the Indian stock market when the 1992 scam was discovered?

How much money did the 1992 Indian stock market scam amount to?

What type of loans were stock traders able to fraudulently obtain from banks as a result of the scam?

What was the main technique used by Harshad Mehta in the 1992 Indian stock market scam?

What was the approximate amount of the 1992 Indian stock market scam?

How did stock traders fraudulently obtain loans from banks as a result of the scam?

What caused the collapse of the Indian stock market when the 1992 scam was discovered?

Who was the main perpetrator of the 1992 Indian stock market scam?

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