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Rapid fire on money matters & more

- 31 schools take part in RBI quiz, DPS-Ranchi makes it to zonal contest

What is the significance of 77 with reference to the Reserve Bank of India (RBI)? What is NEFT? How many RBI deputy governors are there?

Posers like these flew thick and fast at the All India Reserve Bank of India inter-school quiz held at SKIPA in Ranchi on Friday.

The contest saw 31 best quizzing teams from across the state battling it out to qualify for the zonal round. Seventeen of the participating schools were from Ranchi, six from Jamshedpur and Bokaro each and two from Dhanbad.

Students of Class IX, X, XI and XII formed the teams with each group having two members. The two-hour Q&A session kicked off with the pre-quarter final round — a written one — that tested the students’ knowledge on finance.

Six teams — Loyola School and JH Tarapur School from Jamshedpur, Jawahar Vidya Mandir and DPS from Ranchi and SA Public School and MGM Higher Secondary School from Bokaro — made to the quarter-final round.

With his wit and humour, quizmaster Ryan Shaw not only entertained the students, but also compelled them to think out of the box to answer the questions.

He struck a rapport with the participants with cerebral questions like: “On which denomination do we find the famous landmark of India (Parliament)?”

The students, of course, did not disappoint him. They knew the answer — Rs 50.

Apart from the direct rounds, the quarter-final also had a visual session followed by “Do you have money mind” section.

During this round, Shaw showed the participants a Re 1 coin and asked them to spot the error. The reply came prompt.

While all teams impressed, DPS-Ranchi walked away with the winners’ crown. It will now compete in the zonal round, which will be held at Calcutta in November. The final is scheduled in Mumbai in December.

The participants received certificates, brochure and paperweights.