National Finanze Quiz 2021 - Answers - Preliminary Round 2

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. Ferrari was established in 1939 and its consumer vehicles have been a symbol of luxury, speed and wealth ever since.​

However, when they entered the stock market, they were represented by a word that highlighted the field that gained them global popularity.​

What four-lettered word is used by Ferrari for its stock ticker symbol?​

Answer: RACE

Q.2. One of the world’s worst economic inflations happened in an African nation between 2004 and 2009. At its worst, they had to print a 1 Trillion Dollar note.

Which country, that features this bird on its flag, is being talked about?

Answer: Zimbabwe

Q.3. One of the earliest examples of an economic collapse was in The Netherlands. Prices of the flower pictured ballooned until a sudden crash in 1637.

Which flower inspired this mania?

Answer: Tulip

Q.4. What is the four-letter acronym used for the unique code meant to identify each branch of a bank?

Answer: IFSC (Indian Financial System Code)

Q.5. Peasants in the middle ages could only afford two items as staples for food along with a serving of soup. Consequently, both items are commonly used as a metaphor for a person’s/business’ income.

Which two food items are being talked about?

Answer: Bread and Butter

Q.6. ‘The Bank of Evil’ is a fictional financial institution that features in an animated film series. The bank itself is a reference to the Lehman Brothers, an investment bank that collapsed in 2008.

In which film series, that features some adorable yellow characters, does this bank feature?

Answer: Despicable Me

Q.7. A currency unit used in British India shares its name with a word for ‘brother’ in a South Indian language. It might also remind you of an activist named Kisan Baburao.

What was the name of this currency unit that was 1/16th of a rupee?  

Answer: Anna

Q.8. This trade association was established by GD Birla and Purshottamdas Thakurdas in 1927.

Identify this non-governmental body that acts as a voice for Indian Business’.

Answer: The Federation of Indian Chambers of Commerce & Industry ( FICCI )

Q.9. On the back of which note, no longer in circulation since 2016, would one see the following images, that were meant to represent the economic growth of India?

Answer: Rs 1000 Note

Q.10. Connect.

Answer: Ford

Q.11. The 2007-08 series of Indian Rupee Coins was dubbed the Nritya Mudra series because they feature various mudras.

What symbol, of approval, features on the back of the 1 Rupee coin from this series?

Answer: Thumbs Up

Q.12. An early 2020 auction conducted by Saffronart netted nearly Rs. 53 Crores by selling expensive paintings, diamond studded watches and several other luxury items. These were all formerly the possessions of an infamous individual.

Whose assets were auctioned off in March of 2020?

Answer: Nirav Modi

Q.13. An acronym is used to refer to the position currently held by GC Murmu. He is empowered to audit all receipts and expenditure of the Government of India and the State Governments.

What three-lettered acronym is used to refer to this position?

Answer: The Comptroller and Auditor General (CAG) of India

Q.14. ‘Forky’ is a character from the Toy Story movie series who is educated about things by various characters from the films. Which character appropriately teaches Forky about the concept of money and saving?

Answer: Hamm the Pig

Q.15. A digital wallet is a software-based system that securely stores user payment information and passwords to complete transactions.

What is the name of the digital wallet offering by ICICI Bank, an apt name considering it is a place for a  wallet?

Answer: Pockets

Q.16. The process of printing documents for the annual Indian Budget also comes with a tradition where a certain sweet dish is prepared and served to all those involved. 

Which dish, that comes from the Arabic for ‘sweet’, is served during the Indian Budget ceremony?

Answer: Halwa

Q.17. A commonly used term in the world of finance is said to be a corruption of a Tamil word used primarily in the context of crops like cotton, coffee and tea.

Which common English word, from the world of finance, supposedly comes from Tamil?

Answer: Cash

Q.18. Before the era of electronic devices, banks depended on telegraphs for transfers of money across locations. The term used for such transfers still reflects this fact.

What financial mechanism gets its name because it used to be done via telegraph?

Answer: Wire Transfer

Q.19. Sanjaya Baru is a political commentator and author that has written a couple of biographies. 

One of them was about an individual who among other things, also served as the RBI Governor.

Who, that was portrayed on screen by the actor pictured, is being talked about?

Answer: Manmohan Singh

Q.20. What term is used for the initial funding received by a startup, that is generally used to grow the business?

Answer: Seed funding

Q.21. Some predatory lenders hand out credit without verifying the individual's ability to repay the debt. These borrowers generally have No Income, No Job, and No Assets. Such loans are often referred to via slang term that might remind you of a popular YouTuber/gamer.

What is the slang term used for such predatory loans? (5 letters) 

Answer: NINJA

Q.22. What six-lettered financial scam, that comes from the Arabic word for ‘Transfer’, is being explained in these diagrams? (6)

Answer: Hawala

Q.23. A popular Indian bank that launched an online service in tribute to the last demonetization date in India, takes its name from the surname of these two business magnates.

Which bank is being talked about? (5,8)

Answer: Kotak Mahindra. Pictured here are Uday Kotak and Anand Mahindra

Q.24. Connect.

Answer: International Monetary Fund (IMF)

The organization in the Mission Impossible Movies is also called the IMF.

It was formed at the famous 1944 Bretton Woods Conference about global economics.

The IMF is under the umbrella of the United Nations. Gita Gopinath is the current Chief Economist of the IMF

Q.25. Connect.

Answer: Amartya Sen

He was born in the world famous Shantiniketan.

Bengal Famine.

He is a Professor of Economics and Philosophy at Harvard University.

He is called ‘The Mother Theresa of Economics’ for his work on famine, human development theory, welfare economics, the underlying mechanisms of poverty, gender inequality, and political liberalism.

He was the first Indian to receive a Nobel Prize in Economics in 2009.

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.

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