UPSC Prelims 2009 · General Studies

Question 109: Economy and Social Development

In the context of global economy, which one of the following pairs is not correctly matched ?

aJP Morgan Chase : Financial Services

bRoche Holding AG : Financial Services

cWL Ross & Co. : Private Equity Firm

dWarburg Pincus : Private Equity Firm

AnswerThe answer is (b).

Roche Holding AG is a Swiss pharmaceutical and diagnostics company, not a financial services firm, so that pair is wrong. JP Morgan Chase is a major US bank. WL Ross & Co., led by Wilbur Ross, and Warburg Pincus are private equity firms.

Why each option is right or wrong

(a) Correct: JP Morgan Chase is a financial services firm.
(b) Not correctly matched: Roche is a pharmaceutical company.
(c) Correct: WL Ross & Co. is a private equity firm.
(d) Correct: Warburg Pincus is a private equity firm.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2009, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.