Question

Which of the following statement/s are incorrect about the National Stock Exchange of India (NSE)

1. The National Stock Exchange of India was founded in November 1992
2. It was designated as a Stock Exchange in April 1993.
3. The NSE's Stock Index 'NIFTY' represents the top 100 stocks on the stock exchange.

• A. All
• B. iii only
• C. ii, iii
• D. i, iii

Answer 1

Answer:

B. iii only

• In November 1992, the National Stock Exchange of India was established as a taxable entity through the collaboration of significant financial institutions, as per the request of the Indian government.
• It received recognition as a Stock Exchange under the Securities Contracts (Regulations) Act, 1956, in April 1993. The Wholesale Debt Market (WDM) section was introduced by the NSE in June 1994.
• Additionally, in the same month, the Capital Markets (Equities) Segment was inaugurated.
• Operations for the NSE's Capital Market (Equities) sector commenced in November 1994, while the Derivatives segment became operational in June 2000.
• The NSE's stock index, known as NIFTY, is a prominent benchmark in the Indian financial landscape.
• Officially named as Nifty 50,it represents the performance of the 50 largest and most liquid Indian companies (stocks) across various sectors.