UPSC Prelims 2008 · General Studies

Question 122: Economy and Social Development

What does S & P 500 relate to?

aSupercomputer

bA new technique in e-business

cA new technique in bridge building

dAn index of stocks of large companies

AnswerThe answer is (d).

The S&P 500 is a stock market index of 500 large companies listed on US exchanges, published by Standard and Poor's. It is weighted by market capitalisation and is widely used as the best single gauge of large US company shares. It is not a computer, an e-business technique or a bridge-building method.

Why each option is right or wrong

(a) It is not a supercomputer.
(b) It is not an e-business technique.
(c) It is not a bridge-building technique.
(d) It is an index of large company stocks.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2008, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.