A short quiz organised at Shaastra 2016 , Tech Fest of IIT Madras , as part of awareness of payment industry and financial inclusion of the people in general.
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Shaastra Payments Industry Quiz 2.0
1. We Came
Visa
We Quizzed
VISA QUIZ@IIT Madras
1. This company introduced the first stock ticker in 1866, and a standardized time service in 1870.
However when telephone replaced the telegraph , it was left with nothing but an extensive
telegraph network. However , it quickly turned the tables in its favor by adopting a different yet
relevant business arena altogether. Which company ? Put funda.
2. What new change was brought about by Visa keeping in focus what was defined by Bloomberg
Businessweek magazine as Vladimir Putin’s Ego-Driven, Waste-Filled, Corruption-Riddled,
Security-Challenged, $51 Billion Olympic Adventure ?
3. Karl Mehta is a name to reckon with in the tech world. Karl is the founder of several non-profit's
including Code For India and Grassroots Innovation (to inspire engineers in the US and abroad
to use technology to help India's urban and rural poor). He is the also author of 'Financial
Inclusion at the Bottom of the Pyramid’ on the best ways to get financial services to poorer
people.
How would you connect this tech venture capitalist to Visa ?
2. 4. This was launched in late 2011 by Visa to compete with the Paypal’s online competing tools and
Google Wallet . In mid 2014, it was reengineered and repackaged as Visa Checkout with much
better features. Competing financial services company MasterCard has MasterPass which
basically works along the similar lines. Give me the name of 2011 product.
5. According to the Boston University academician and risk management expert , Mark Williams ,
this asset has volatility seven times greater than gold, eight times greater than the S&P 500, and
eighteen times greater than the U.S. dollar . Which asset ?
6. This NFC based payment technology was formed out of a joint venture among AT&T, T-
Mobile and Verizon. Last year , it got acquired by Google and integrated into Google Wallet
service. However , just a year before that , it underwent a change in name because it led to a
fallacious belief and the company wanted to end the association with something contemptible.
Company name and give funda.
7. This current Big Four Bank is a result of a 1998 merger between Minneapolis-based Norwest
Corporation and the original branch . The new company kept the name to capitalize on the long
history of the nationally recognized identity and its trademark stagecoach (the company's
previous slogan, "The Next Stage," is likely a nod to the company's trademark). After the
acquisition, the parent company kept its headquarters in San Francisco. The company's current
tagline, "Together we'll go far" also references the stagecoach motif, its customers, and
represents the company name itself in a transposed way . Which bank ?
8. A topper in his school, he was lost in transition in his college - Delhi College of Engineering . To
overcome this , he made his modus operandi as to read a Hindi version of the book
simultaneously with the English-one . He aspired to go to Stanford, because that was where
Yahoo was built, but realising his lack of financial resources and his challenges with the English
language, he decided to emulate some of the genius at Stanford, by learning how to code all by
himself. He started building his own content management system with some of his college
mates, which went onto being used by some of the biggest news publications including The
Indian Express. It was also during this time when he started his first job at an MNC. He quit later
and started business of his own which flourished via word of mouth strategy and then the rest is
history. Who am I talking about ?
9. The first company below was merged with second company to form what? Name all the three
entities.
3. 10. Introduced as an alternative to payment giants like Visa and Mastercard , National Payments
Corporation of India (NPCI) introduced this in 2012 to have a domestic, open loop, and
multilateral system of payments in India. Name this domestic card scheme introduced with the
aim of financial inclusion.
Bonus Question –
(A pat on the back sorta question or a tie breaker in case tie happens)
An activity whereby someone acquires or otherwise assumes the online identity of another
entity for the purposes of acquiring that person's or business's brand equity.
In June 2011, Greenpeace activists launched a campaign against Mattel's use of a packaging
supplier, APP, said to be desecrating Indonesian rainforests, using images of Mattel dolls Barbie
and Ken. A Greenpeace video showed Ken dumping Barbie ("I don't date girls who are into
deforestation"), the group created a mock Twitter feud and a stunt involving Barbie in a pink
bulldozer, and unfurled a banner on the wall of Mattel’s Los Angeles headquarters.
What is this act a quintessential instance of ? Basically a portmanteau word is all what I am
looking for .