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Railways PYQCBT 2 2017

RRB NTPC · Question 35

Ponzi Scheme refers to ____ Scam.

  1. coal allocation

  2. investment

  3. fodder

  4. food grain

Show answer & explanation

Answer: (B) investment

Explanation

A Ponzi scheme is an investment fraud that pays earlier investors with money from new investors rather than real profits. It is named after Charles Ponzi.