Finance

1. Named after a rogue trader, it is a fraudulent investment operation where extremely high returns are given to investors from the kitty of new investors, instead of a kitty from real gains. What is it called as?
   a) Milken Offer b) Ponzi Scheme c) Leeson Benefits
2. Who made the world’s largest public offer worth around $20 billion in 2006? a) EcoBank b) Industrial & Commercial Bank of China Ltd (ICBC) c) Reliance Power
3. Which institution’s seeds were sown as a result of the Buttonwood Agreement, named so literally because it happened below a buttonwood tree, way back in 1792? a) Bank of America b) Merryl Lynch c) NYSE d) NASDAQ
4. What was introduced in The Economist in September 1986 by Pam Woodall as a semi-humorous illustration that "sought to make exchange-rate theory a bit more digestible"?
5. Which bank is acknowledged to have pioneered credit cards in India in 1981? a)SBI b) Andhra Bank c) PNB d)ICICI Bank