UPSC Prelims 1998 · General Studies
Question 47: Economy and Social Development
Which of the following pairs are correctly matched? I. Dow Jones : New York II. Hang Seng : Seoul III. FTSE-100 : London Select the correct answer using the codes given below:
AnswerThe answer is (d).
The Dow Jones index tracks leading companies listed in New York, and the FTSE-100 ('Footsie') is the index of the London Stock Exchange. The Hang Seng index belongs to Hong Kong, not Seoul; the South Korean index is the KOSPI. So pairs I and III are correctly matched. Remember the other exchange indices: Nikkei (Tokyo), Sensex (Mumbai).
- I. The Dow Jones index is a New York index.
- II. The Hang Seng is Hong Kong's index; Seoul's is the KOSPI.
- III. The FTSE-100 is London's index.
Why each option is right or wrong
- (a) II is wrong: Hang Seng is Hong Kong's index.
- (b) II is wrong, and it leaves out I.
- (c) II is wrong, and it leaves out III.
- (d) Right: Dow Jones-New York and FTSE-100-London.
Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 1998, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.