What is IndoNext which was launched in January, 2005?
- AA new scheme to promote Indian tourism
- BA new scheme to promote export of Indian handicrafts
- CAn association of the Non-resident Indians to organize Pravasi Bhartiya Divas every year in India
- DAn alternative trading platform being promoted by the Bombay Stock Exchange and Regional Stock Exchanges.Correct
Explanation
IndoNext is a trading platform launched in January 2005 as a joint initiative between the Bombay Stock Exchange BSE and the Federation of Indian Stock Exchanges representing various Regional Stock Exchanges.
The primary objective of IndoNext was to provide liquidity and a national level trading platform for small and medium enterprises SMEs and companies with smaller capital bases that were listed on regional exchanges. By moving these stocks to the IndoNext platform, they gained better visibility and access to a wider pool of investors across the country. This makes option D the correct answer as it accurately describes the nature and purpose of the initiative.
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