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The 1992 Indian Stock Market Scam Quiz

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Questions and Answers

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

Insider trading and embezzlement

Fabrication and market loopholes misuse (correct)

Forgery of stock certificates

Money laundering and tax evasion

How much money did the scam defraud investors of?

Around five million INR

Approximately ₹ 5,000 crores

Over ten million USD (correct)

Exactly 40 times the original investment

What caused the collapse of the Indian stock market in April 1992?

Natural economic fluctuations

Government intervention

Foreign market manipulation

Discovery of the scam (correct)

How were stock traders able to fraudulently obtain unsecured loans from banks?

By making good returns as a result of the scam 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

Match the following IT terms with their definitions:

Information technology (IT) = Encompasses computer systems, software, programming languages, and data processing Information technology system (IT system) = Includes all hardware, software, and peripheral equipment operated by a limited group of IT users IT project = Refers to the commissioning and implementation of an IT system Information technology in modern sense = First appeared in a 1958 article in the Harvard Business Review Signup and view all the answers

Match the following authors with their comments on the term 'information technology':

Harold J. Leavitt and Thomas L. Whisler = "the new technology does not yet have a single established name. We shall call it in." Unnamed authors = First appeared in a 1958 article in the Harvard Business Review Signup and view all the answers

Match the following activities with their historical timeline:

Storing, retrieving, manipulating, and communicating information = Since the earliest writing systems were developed Term 'information technology' in its modern sense = First appeared in a 1958 article in the Harvard Business Review Signup and view all the answers

Match the following systems with their specific functions:

Information technology system (IT system) = An information system, a communications system, or a computer system IT project = Refers to the commissioning and implementation of an IT system Signup and view all the answers

Match the following terms with their relationship to information and communications technology (ICT):

Information technology (IT) = Forms part of ICT Information technology system (IT system) = Generally an information system, a communications system, or a computer system Signup and view all the answers