What is IndoNext which was launched in Jan. 2005?

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Submitted by examrobotsa on

Q: 55 (IAS/2006)
What is IndoNext which was launched in Jan. 2005?

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,53,43,14,16,13,53

keywords: 

{'indonext': [0, 0, 1, 0], 'pravasi bharatiya divas': [0, 0, 1, 0], 'indian tourism': [0, 0, 1, 0], 'bombay stock exchange': [0, 0, 1, 0], 'new scheme': [0, 0, 1, 0], 'indian handicrafts': [0, 0, 1, 2], 'india': [8, 1, 7, 13], 'alternative trading platform': [0, 0, 1, 0], 'regional stock exchanges': [0, 0, 1, 0], 'export': [0, 0, 1, 0], 'association': [2, 0, 3, 7]}

IndoNext is an alternative trading platform that was launched in January 2005. It is being promoted by the Bombay Stock Exchange in conjunction with the Regional Stock Exchanges. Here`s how each option breaks down:

Option 1: IndoNext is not a scheme to promote Indian tourism. Though India does run many such schemes, IndoNext is not one of them.

Option 2: Neither is IndoNext a scheme to promote the export of Indian handicrafts. Exports, including handicrafts, are promoted through completely different means.

Option 3: IndoNext is also not an association of the Non-Resident Indians to organize Pravasi Bharatiya Divas annually in India. Pravasi Bharatiya Divas is indeed an annual event, but it is not organized by a platform called IndoNext.

Option 4: This is the correct choice. IndoNext is an alternative trading platform being promoted by the Bombay Stock Exchange and Regional Stock Exchanges, in order to facilitate greater accessibility and ease of trading for smaller companies.