Read the information given below carefully and answer the following question.
Everyone seems to be so optimistic about the markets now. Around the world, stocks have been on a tear. In Asia, for example, the Tokyo TOPIX stock index hit a 14-year high last week as a bull run in oncedormant Japan gathered momentum; Mumbai’s main equity index hit an all-time high in trading early Friday amid India’s continuing economic boom; and Hong Kong shares reached a five-year high while indices in Singapore, Jakarta and Sydney set new records. And though stocks in Asia, in particular, are on fire, they are not alone. From Germany to Venezuela to South Africa, equity markets in both mature and emerging markets have moved up sharply this year-and show little sign of slowing. The underpinning for stocks’ strong performance, global bulls say, is straightforward. Economic growth continues to be strong in places where it has been buoyant for several years (the US, China and India) and is finally picking up in places where it had been notably absentJapan and parts of “old” Europe. Moreover, earnings and corporate profits have climbed for four straight years and consumer spending is rising briskly on the back of declining unemployment. Economists say that Japan is now in a golden cycle. So, for now, is much of the world. “It comes down to very simple macroeconomics,” says Subir Gokam, an economist at CRISIL, India’s largest credit-rating firm. 
Q. Which of the following is TRUE about the comparison between market indices of Mumbai and Hong Kong on the one hand and Singapore, Jakarta and Sydney on the other?
  • a)
    The indices in the former case are increasing while those in the latter are decreasing.
  • b)
    There is no remarkable trend visible between the two sets of indices.
  • c)
    The markets in both the groups have been stable over a period of last five years.
  • d)
    The markets in both the groups of countries have shown upward trend.
Correct answer is option 'D'. Can you explain this answer?

UPSC Question

By Asha Devi · yesterday ·UPSC
Shkuntla answered 2 weeks ago
In the passage it is mentioned that in both group of countries market have shown upward trend.

This discussion on Read the information given below carefully and answer the following question.Everyone seems to be so optimistic about the markets now. Around the world, stocks have been on a tear. In Asia, for example, the Tokyo TOPIX stock index hit a 14-year high last week as a bull run in oncedormant Japan gathered momentum; Mumbai’s main equity index hit an all-time high in trading early Friday amid India’s continuing economic boom; and Hong Kong shares reached a five-year high while indices in Singapore, Jakarta and Sydney set new records. And though stocks in Asia, in particular, are on fire, they are not alone. From Germany to Venezuela to South Africa, equity markets in both mature and emerging markets have moved up sharply this year-and show little sign of slowing. The underpinning for stocks’ strong performance, global bulls say, is straightforward. Economic growth continues to be strong in places where it has been buoyant for several years (the US, China and India) and is finally picking up in places where it had been notably absentJapan and parts of “old” Europe. Moreover, earnings and corporate profits have climbed for four straight years and consumer spending is rising briskly on the back of declining unemployment. Economists say that Japan is now in a golden cycle. So, for now, is much of the world. “It comes down to very simple macroeconomics,” says Subir Gokam, an economist at CRISIL, India’s largest credit-rating firm.Q.Which of the following is TRUE about the comparison between market indices of Mumbai and Hong Kong on the one hand and Singapore, Jakarta and Sydney on theother?a)The indices in the former case are increasing while those in the latter are decreasing.b)There is no remarkable trend visible between the two sets of indices.c)The markets in both the groups have been stable over a period of last five years.d)The markets in both the groups of countries have shown upward trend.Correct answer is option 'D'. Can you explain this answer? is done on EduRev Study Group by UPSC Students. The Questions and Answers of Read the information given below carefully and answer the following question.Everyone seems to be so optimistic about the markets now. Around the world, stocks have been on a tear. In Asia, for example, the Tokyo TOPIX stock index hit a 14-year high last week as a bull run in oncedormant Japan gathered momentum; Mumbai’s main equity index hit an all-time high in trading early Friday amid India’s continuing economic boom; and Hong Kong shares reached a five-year high while indices in Singapore, Jakarta and Sydney set new records. And though stocks in Asia, in particular, are on fire, they are not alone. From Germany to Venezuela to South Africa, equity markets in both mature and emerging markets have moved up sharply this year-and show little sign of slowing. The underpinning for stocks’ strong performance, global bulls say, is straightforward. Economic growth continues to be strong in places where it has been buoyant for several years (the US, China and India) and is finally picking up in places where it had been notably absentJapan and parts of “old” Europe. Moreover, earnings and corporate profits have climbed for four straight years and consumer spending is rising briskly on the back of declining unemployment. Economists say that Japan is now in a golden cycle. So, for now, is much of the world. “It comes down to very simple macroeconomics,” says Subir Gokam, an economist at CRISIL, India’s largest credit-rating firm.Q.Which of the following is TRUE about the comparison between market indices of Mumbai and Hong Kong on the one hand and Singapore, Jakarta and Sydney on theother?a)The indices in the former case are increasing while those in the latter are decreasing.b)There is no remarkable trend visible between the two sets of indices.c)The markets in both the groups have been stable over a period of last five years.d)The markets in both the groups of countries have shown upward trend.Correct answer is option 'D'. Can you explain this answer? are solved by group of students and teacher of UPSC, which is also the largest student community of UPSC. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for UPSC on EduRev and even discuss your questions like Read the information given below carefully and answer the following question.Everyone seems to be so optimistic about the markets now. Around the world, stocks have been on a tear. In Asia, for example, the Tokyo TOPIX stock index hit a 14-year high last week as a bull run in oncedormant Japan gathered momentum; Mumbai’s main equity index hit an all-time high in trading early Friday amid India’s continuing economic boom; and Hong Kong shares reached a five-year high while indices in Singapore, Jakarta and Sydney set new records. And though stocks in Asia, in particular, are on fire, they are not alone. From Germany to Venezuela to South Africa, equity markets in both mature and emerging markets have moved up sharply this year-and show little sign of slowing. The underpinning for stocks’ strong performance, global bulls say, is straightforward. Economic growth continues to be strong in places where it has been buoyant for several years (the US, China and India) and is finally picking up in places where it had been notably absentJapan and parts of “old” Europe. Moreover, earnings and corporate profits have climbed for four straight years and consumer spending is rising briskly on the back of declining unemployment. Economists say that Japan is now in a golden cycle. So, for now, is much of the world. “It comes down to very simple macroeconomics,” says Subir Gokam, an economist at CRISIL, India’s largest credit-rating firm.Q.Which of the following is TRUE about the comparison between market indices of Mumbai and Hong Kong on the one hand and Singapore, Jakarta and Sydney on theother?a)The indices in the former case are increasing while those in the latter are decreasing.b)There is no remarkable trend visible between the two sets of indices.c)The markets in both the groups have been stable over a period of last five years.d)The markets in both the groups of countries have shown upward trend.Correct answer is option 'D'. Can you explain this answer? over here on EduRev! Apart from being the largest UPSC community, EduRev has the largest solved Question bank for UPSC.
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