National Finanze Quiz 2021 - Answers - Preliminary Round 1

Updated: Feb 11

The National Finanze Quiz 2021 is conducted by Zerodha Varsity and QShala, with the support of National Stock Exchange (NSE) for students of Grade 6 to 10 to check their financial quotient!

Q.1. Cedar Fair LP and its affiliated companies own and operate amusement parks such as Cedar Point, Knott's Berry Farm, and Dorney Park & Wildwater Kingdom. ​ ​What appropriate word, also a feeling they want their customers to experience, does the company use as their stock ticker symbol?​

Answer: FUN

Q.2. A situation in which the price of an object/concept appears to be unrealistic and can result in an economic collapse is referred to as ______. ​

What term, something that may pop, is used for this economic situation?

Answer: Bubble

Q.3. Which American author and advocate of disability rights features in this special edition coin, making her one of the earliest women to feature on US Currency?​

Answer: Helen Keller

Q.4. The ATM Machines of a private bank are named after the plant pictured here. ​

Which bank, that features the name of an Indian state, started this service in 2004?​

Answer: Karnataka Bank

Q.5.This is the logo of an American financial services company that offers people the ability to invest in stocks. ​Which fictional character, who was known to give to the less fortunate, is this app named after?

Answer: Robin Hood

Q.6. The logo of which initiative, kickstarted in 2014, by the Indian Government is added to the back to the new ₹500 note as a security feature?​

Answer: Swachh Bharat Mission

Q.7. What term, involving a currency unit, is used for stocks that trade for less than one dollar per share on the stock market?

Answer: Penny Stocks

Q.8. Identify the financial regulatory body that is currently headed by the individual pictured.

Answer: SEBI (Securities and Exchange Board of India). The person shown here is Mr. Ajay Tyagi.

Q.9. In 2020, State Bank of India launched two types of accounts that are available to minors. One is ​Pehli Udaan, ideal for those between 15 and 18 years. ​

The other is for minors between 10 and 15 years and comes with a few more restrictions such as a guardian co-sign and ₹5000 withdrawal limit.​

What is the name of this other scheme, that reflects that it is a child’s entry into the financial world?​​

Answer: Pehla Kadam

Q.10. Dalal Street is the centre of the financial district of Mumbai and arguably the country. It is home to several financial institutions, including the Bombay Stock Exchange.​

What does ‘dalal’ translate to in the local language, a profession common in the area?​

Answer: Broker

Q.11. What name is given to the financial instrument to ensure that a borrower would pay back the amount borrowed? ​​

It is a name that you might associate with the actors pictured.

Answer: Bond

Shown here are Sean Connery and Pierce Brosnan, famous for their role as James Bond.

Q.12. Pictured is Bank Elhaz or Bank of Luck a popular board game in Egypt. It is very similar to a more popular game that saw a huge boost in sales as a recreational activity during the coronavirus pandemic.​

Which game is being talked about?​

Answer: Monopoly

Q.13. A tax on which essential commodity inspired a certain lawyer and around 78 others to undertake a 350-kilometer journey?​​

Answer: Salt. The Salt March or Salt Satyagraha was an act of non-violent civil disobedience in colonial India led by Mahatma Gandhi.

Q.14. What is the validity of a standard Indian Cheque as per the RBI Guidelines?​

Answer: 3 months

Q.15. This is the logo of which Indian regulatory body established in 1999 to monitor the insurance industry?​

Answer: IRDAI (Insurance Regulatory and Development Authority of India)

Q.16. Fill in the blank with a pun on the name of an Indian-American recipient of an annual honour.

Answer: Abhi Jit. The Amul ad is a reference to Abhijit Banerjee and Esther Duflo.

Q.17. The first transaction made online was used to purchase this CD by the artist, Sting. ​

What financial instrument was used to make this purchase?​​

Answer: Credit Card

Q.18. A banknote of what denomination features this peak in the old version and the monument pictured in the new version?​

Answer: Rs 100 note. The old version featured the Himalayas. The new version features Rani ki Vav, Gujarat.

Q.19. This is a cybercrime in which a person is contacted by email, telephone or text message by someone posing as a legitimate institution to trick them into providing personal information, banking & credit card details, and passwords.​

Which cybercrime, that might remind you of a common profession, is being talked about?​

Answer: Phishing

Q.20. Who would be next in this list of individuals that have held a certain position?​

Answer: Shaktikanta Das.

Shown here are former Reserve Bank of India governors - Raghuram Rajan and Urjit Patel.

Q.21. The station code of a city in Central India shares its name with a multinational corporation. The city itself is named for the industrialist pictured.

What is the four-lettered station code of this city, that might remind you of a childish goodbye?​

Answer: Tata

Q.22. Which infamous individual from the world of Indian finance connects these two actors? (7, 5)​

Answer: Harshad Mehta

Pratik Gandhi and Abhishek Bachchan portrayed him in a drama and movie series respectively.

Q.23. This is the logo of a financial index with a name which in English is used as an adjective for something stylish or attractive. What is the five-letter name for this index?​

Answer: NIFTY

Q.24. Connect with a financial term. (14 letters)​

Answer: Cryptocurrency/ Cryptocurrencies - Bitcoin, Ripple, Dash and Nano.

Q.25. Connect (7 letters)​

Answer: Unicorn

Narwhals are known as Unicorns of the sea. The national animal of Scotland is the Unicorn. A popular children’s film entitled ‘The Unicorn Store’. A company value at over $1 Billion is known as a ‘Unicorn’.

Tune into the Regional Finals of the National Finanze Quiz here. Want to find who qualified for the Regional Rounds? Check it out here.

Don't forget to explore our Financial Literacy track and other tracks here.

© 2020 by Walnut Knowledge Solutions | Privacy Policy | Terms