Quiz On Berkshire Hathaway And Warren Buffett! Trivia Questions Quiz

Approved & Edited by ProProfs Editorial Team
The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
Learn about Our Editorial Process
| By AdewumiKoju
A
AdewumiKoju
Community Contributor
Quizzes Created: 810 | Total Attempts: 1,017,141
Questions: 10 | Attempts: 169

SettingsSettingsSettings
Quiz On Berkshire Hathaway And Warren Buffett! Trivia Questions Quiz - Quiz

Warren Buffett is a philanthropist and a businessman born, breed, and spent most years in Omaha, Nebraska, USA. Buffett operated three partnerships as he purchased a five-bedroom stucco house in Omaha, where he still lives for $31,500. In 1962, Buffett became a millionaire. Take this quiz to know what you know about Warren Buffett.


Questions and Answers
  • 1. 

    Warren Buffett started buying up Coca-Cola stock like an addict in whuvh if these years?

    • A.

      1988

    • B.

      1989

    • C.

      1990

    • D.

      1991

    Correct Answer
    A. 1988
    Explanation
    Warren Buffett began purchasing shares of Coca-Cola in 1988.

    Rate this question:

  • 2. 

    Buffett bought a used Falcon aircraft for $850,000 In what year?

    • A.

      1985

    • B.

      1886

    • C.

      1887

    • D.

      1988

    Correct Answer
    B. 1886
    Explanation
    In the given question, it is stated that Buffett bought a used Falcon aircraft for $850,000. The question asks for the year in which this purchase was made. The correct answer is 1886, as it is the only option provided that matches the given information.

    Rate this question:

  • 3. 

    Warren Buffett bought Nebraska Furniture Mart, the multi-million dollar furniture retailer in what year?

    • A.

      1982

    • B.

      1983

    • C.

      1984

    • D.

      1885

    Correct Answer
    B. 1983
    Explanation
    Warren Buffett purchased Nebraska Furniture Mart, a multi-million dollar furniture retailer, in 1983.

    Rate this question:

  • 4. 

    Buffett once again became involved with GEICO in what year?

    • A.

      1975

    • B.

      1976

    • C.

      1977

    • D.

      1978

    Correct Answer
    B. 1976
    Explanation
    Buffett once again became involved with GEICO in 1976. This implies that Buffett had some previous involvement with GEICO before 1976, and then became involved again in that specific year.

    Rate this question:

  • 5. 

    Buffett named himself Chairman of the Board of Berkshire Hathaway  in what year?

    • A.

      1970

    • B.

      1971

    • C.

      1972

    • D.

      1973

    Correct Answer
    A. 1970
    Explanation
    Buffett named himself Chairman of the Board of Berkshire Hathaway in 1970. This means that in that year, he assumed the position of the chairman, taking on the responsibility of leading the board of directors and overseeing the company's operations and strategic decisions.

    Rate this question:

  • 6. 

    Warren agreed to cosign a loan for $18,000 for his new President to purchase how many shares of the company's stock?

    • A.

      300

    • B.

      350

    • C.

      700

    • D.

      1000

    Correct Answer
    D. 1000
    Explanation
    Warren agreed to cosign a loan for $18,000, which means he is responsible for repaying the loan if the new President fails to do so. The loan is for purchasing shares of the company's stock. Since the loan amount is not given, we can assume that the new President plans to purchase the maximum number of shares possible with the loan amount. Therefore, the correct answer is 1000, as it is the highest number of shares that can be purchased with $18,000.

    Rate this question:

  • 7. 

    Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in what year?

    • A.

      1965

    • B.

      1966

    • C.

      1967

    • D.

      1968

    Correct Answer
    C. 1967
    Explanation
    Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in 1967.

    Rate this question:

  • 8. 

    Warren Buffett also had more than how many limited partners across the United States?

    • A.

      75

    • B.

      80

    • C.

      90

    • D.

      100

    Correct Answer
    C. 90
    Explanation
    Warren Buffett had more than 90 limited partners across the United States. This means that he had over 90 individuals or entities who invested in his partnerships or funds. These limited partners likely provided capital to Buffett's investment ventures and in return received a share of the profits. Having a large number of limited partners indicates Buffett's ability to attract a significant amount of investment capital and suggests his strong reputation and track record in the investment community.

    Rate this question:

  • 9. 

    Warren Buffett rounded up seven limited partners in what year?

    • A.

      1955

    • B.

      1956

    • C.

      1957

    • D.

      1958

    Correct Answer
    B. 1956
    Explanation
    In 1956, Warren Buffett rounded up seven limited partners. This suggests that in that particular year, Buffett managed to attract and gather a group of seven individuals or entities who were willing to invest in his ventures or partnerships. This could have been a significant milestone for Buffett's career and the start of his successful journey in the investment world.

    Rate this question:

  • 10. 

    Warren built his personal capital up to $140,000 from a mere $9,800 within how many years?

    • A.

      2 years 

    • B.

      5 years

    • C.

      4 years

    • D.

      6 years 

    Correct Answer
    D. 6 years 
    Explanation
    Warren built his personal capital up to $140,000 from a mere $9,800 within 6 years. This means that he was able to increase his capital by $130,200 in that time period.

    Rate this question:

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 19, 2019
    Quiz Created by
    AdewumiKoju
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.