Smart Quiz

1. BSE tied with this exchange to adopt its Span (Standard Portfolio Analysis of Risk) system to calculate margin requirements.
   
   • New York Stock Exchange
   • Chicago Board Options Exchange
   • Chicago Mercantile Exchange
   • London Stock Exchange
2. This individual was instrumental in the development of the American banking industry. He took over his father's firm in 1890, renamed it and built his empire and reputation on character first, business second. Who is he?
   
   • Dean Witter
   • J P Morgan
   • Marcus Goldman
   • Henry Wells
3. This media mogul got his start by inheriting his father's failing billboard business after being expelled from Brown University. Who is he?
   
   • Vince McMahon, Jr
   • Rupert Murdoch
   • Ted Turner
   • Hugh Heffner
4. Many financial advisers recommend DRIPs, which are:
   
   • Depreciating real income portfolios
   • Debt reduction incentive programs
   • Dividend reinvestment plans
   • Dividend recommendation for income programs
5. Offshore banks are:
   
   • Exempt from International Monetary Fund regulation
   • Licensed by countries with minimal taxation and financial regulations
   • Located in island nations
   • Unavailable to local residents for fixed deposits

ANSWERS

1. Chicago Mercantile Exchange
2. J P Morgan
3. Ted Turner
4. Dividend reinvestment plans
5. Licensed by countries with minimal taxation and financial regulations