Apr 4, 2010

Money Teaser # 4: Financial Crisis & Scams


Here is another money teaser about recent financial scams and frauds and the lessons we learnt or didn’t learn.

Answers are also published, but before looking at them just give it a try!

Q-1: Who’s behind the credit crisis of 2008-09?

Q-2: Who was responsible for the slowing down of Indian economy in 2008?

Q-3: Who led the subsequent recovery in the year 2009?

Q-4: Why the housing bubble / sub-prime crisis
didn’t affect Indian real estate?

Q-5: Which bubble never bursts?

Q-6: What is the lesson to be learnt from Satyam fiasco?

Q-7: What was the other name of ‘US-64’, the flagship mutual fund scheme of UTI?

Q-8: What is the top-most lesson taught at business schools?

Q-9: Why do the business schools never teach ethics?



Answers

Ans 1: Harvard Business School

Ans 2: Lehman Brothers

Ans 3: The Congress government

Ans4: Presence of black money in property deals.

Ans 5: The dollar bubble

Ans 6: You can’t ride a tiger.

Ans 7: Biggest Ponzi scheme operated by the government of India.

Ans 8: Greed is good.

Ans 9: First, ethics can’t be taught. Second, the goal of business schools is to prepare the candidate for real corporate world. Third, the very reason of a candidate to enter a business school is unethical.


If you can come up with another explanation / answer, please do so by writing in the comment box.

Also see:

1. Answers to Money Teaser # 3
2. Money Teasers # 3
3. Money Riddle # 2
4. Answers to Money Teaser #2

3 comments:

  1. why doller bubble never bursts?

    ReplyDelete
  2. Congress Govt never led the recovery. it was just a "given"
    you can say the indian banking sector was not opened to world as against wishes of Congress and to the likings of left parties. This is the reason why india was recovered fast.

    ReplyDelete
  3. Gaurav AgarwalMay 31, 2010

    Q-1: Who’s behind the credit crisis of 2008-09?
    US Fed for not regulating the financial system effectively

    Q-2: Who was responsible for the slowing down of Indian economy in 2008?
    Too much dependence on US and Europe for exports

    Q-3: Who led the subsequent recovery in the year 2009?
    Prudent and wise regulation by RBI

    Q-4: Why the housing bubble / sub-prime crisis didn’t affect Indian real estate?
    Black Money

    Q-5: Which bubble never bursts?
    Credit Card

    Q-6: What is the lesson to be learnt from Satyam fiasco?
    Even a corrupt company can be awarded awards for "Best Corporate Governance"

    Q-7: What was the other name of ‘US-64’, the flagship mutual fund scheme of UTI?
    -------------

    Q-8: What is the top-most lesson taught at business schools?
    Art of creating a perception of doing all !!

    Q-9: Why do the business schools never teach ethics?
    They do. Sadly many do not apply it after leaving B-schools

    ReplyDelete

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