2002 General Studies, all questions
UPSC Prelims 2002 · General Studies
Question 77: Economy and Social Development
Among the following major stock exchanges of India, which one recorded the highest turnover during the year 2001-02?
aBombay Stock Exchange
bCalcutta Stock Exchange
cDelhi Stock Exchange
dNational Stock Exchange
AnswerThe answer is (d).
The National Stock Exchange recorded the highest turnover among Indian exchanges in 2001-02, ahead of the Bombay Stock Exchange, mainly because of its screen-based trading and its large derivatives segment. The Calcutta and Delhi exchanges were far smaller by then, with most trading having moved to the screen-based exchanges.
Why each option is right or wrong
- (a) BSE is older but had lower turnover than the NSE in 2001-02.
- (b) Calcutta Stock Exchange was far smaller.
- (c) Delhi Stock Exchange was far smaller.
- (d) Right: the National Stock Exchange.
Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 2002, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.