UPSC Prelims 2009 Q126: Indian Economy – Financial Markets & Capital Markets
In the context of Indian news in recent times, what is MCX - SX ?
- (a) A kind of supercomputer
- (b) Title of Moon Impact Probe
- (c) Stock exchange
- (d) Nuclear - powered submarine
Answer: (c) Stock exchange
Explanation
What "MCX-SX" refers to
This term, in recent Indian financial news, refers to a specific trading platform.
| Option | Verdict | Reason |
|---|---|---|
| (a) A kind of supercomputer | Incorrect | Not related to computing hardware |
| (b) Title of Moon Impact Probe | Incorrect | Unrelated to India's lunar mission |
| (c) Stock exchange | Correct | MCX-SX (MCX Stock Exchange) is a stock exchange, promoted by the Multi Commodity Exchange, for trading currency futures and other segments |
| (d) Nuclear-powered submarine | Incorrect | Unrelated to naval defence |
MCX-SX facts:
| Point | Detail |
|---|---|
| Nature | Stock exchange |
| Promoted by | Multi Commodity Exchange (MCX) |
Answer: (c) Stock exchange.
Why each option is right or wrong
- (a) Incorrect. MCX-SX has nothing to do with supercomputing.
- (b) Incorrect. It is unrelated to India's lunar mission.
- (c) CORRECT. MCX-SX is a stock exchange.
- (d) Incorrect. It is unrelated to submarines/defence.
Key point
MCX-SX (MCX Stock Exchange) is a stock exchange, promoted by the Multi Commodity Exchange.
Remember
MCX-SX: a stock exchange promoted by the Multi Commodity Exchange.
Common mistakes
- Confusing the MCX-SX acronym with unrelated technology or defence terms.
- Not knowing MCX's parent role in promoting this stock exchange.
- Mixing up various Indian financial market institutions and their specific functions.
Exam tip
MCX-SX = a stock exchange, promoted by the Multi Commodity Exchange.
Sources
- Securities and Exchange Board of India — Annual Report 2008–09 (recognised stock exchanges)
- MCX Stock Exchange Limited — About MCX-SX