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  9. Q15

PPSC PCS 2020 · Question 15 of 95

India՚s first gas exchange, the Indian Gas Exchange (IGX), was launched as a wholly owned subsidiary of Indian Energy Exchange. Which of the following statements are correct? 1. It is a digital trading platform that will allow buyers and sellers to trade both in the spot market and in the forward market for imported natural gas. 2. It will allow trade across three hubs - Dahej and Hazira in Gujarat and Kakinada in Andhra Pradesh. 3. Imported Liquified Natural Gas (LNG) will be regassified and sold to buyers through the exchange, removing the requirement for buyers and sellers to find each other. 4. Only inter-governmental trade in domestically produced natural gas is allowed at the gas exchange. Select the correct answer using the code given below:

Economy

  1. AOnly 1 and 2
  2. BOnly 1 and 3
  3. COnly 1,2 and 3Correct
  4. D1,2, 3 and 4

Answer: C. Only 1,2 and 3

Explanation

Statements 1, 2 and 3 are correct: IGX trades spot and forward imported gas across Dahej, Hazira and Kakinada hubs; it does not restrict trade to inter-governmental deals.

Source: https://cdn.mindspritesolutions.com/examrace/SPSC/Punjab-PSC/Punjab-PSC-Past-Papers/Punjab-Civil-Service-2020-Official-Paper-1-Part-1.pdf

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