Thursday, April 12, 2012

AQ7.

Here's presenting the first non-connect question of the Finatic April Quiz:
         Harshad Shantilal Mehta was an Indian stockbroker who is alleged to have engineered the rise in the BSE Stock Exchange in 1992. Journalist Sucheta Dalal, often credited to be the first person to expose Mehta's illegal methods, wrote an article in The Times of India stating that the crucial mechanism through which the scam was effected was the ___(X)___ deal. X, in essence, is a secured short-term loan from one bank to other. Give me X for 5 points. 

4 comments:

Chirag Jain said...

Ready forward (RF) deal

The F and I Cell, St. Stephens College said...

An easy Question. Chirag Jain gets it right. 5 points to him.

rajit.dasgupta said...

Ready forward deal.

The F and I Cell, St. Stephens College said...

Rajit Dasgupta gets this one also right. 5 more points to him.