UPSC Prelims 2006 · General Studies

Question 27: Economy and Social Development

What is IndoNext which was launched in January, 2005?

aA new scheme to promote Indian tourism

bA new scheme to promote export of Indian handicrafts

cAn association of the Non-Resident Indians to organize Pravasi Bharatiya Divas every year in India

dAn alternative trading platform being promoted by the Bombay Stock Exchange and Regional Stock Exchanges

AnswerThe answer is (d).

IndoNext was a trading platform launched by the Bombay Stock Exchange with the regional stock exchanges in January 2005. It gave the shares of small and medium companies, many of them thinly traded on the regional exchanges, an alternative place to trade. It was a stock-market initiative, not a tourism or handicraft scheme, and Pravasi Bharatiya Divas is organised by the Government of India, not by an association of Non-Resident Indians.

Why each option is right or wrong

(a) Not a tourism scheme; it was a stock-market initiative.
(b) Not a handicraft export scheme.
(c) Pravasi Bharatiya Divas is organised by the Government, not a Non-Resident Indian association.
(d) Correct: an alternative trading platform promoted by the BSE with regional exchanges.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2006, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.