BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The DAX is a blue-chip stock market index. DAX index belongs to which of the following stock exchanges?
A
France
B
Germany
C
Canada
D
Brazil
Explanation: 

Detailed explanation-1: -The DAX is a German blue-chip stock market index that tracks the performance of the 40 largest companies trading on the Frankfurt Stock Exchange.

Detailed explanation-2: -The DAX (Deutscher Aktienindex (German stock index); German pronunciation: [daks] ( listen)) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index.

Detailed explanation-3: -Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) is one of the world’s largest trading centres for securities.

Detailed explanation-4: -The DAX is short for German Stock Index, or Deutscher Aktienindex in German. It consists of the 30 largest German companies by market capitalization and order book value, which are also included in the Prime Standard’s segment of the Frankfurt Stock Exchange.

Detailed explanation-5: -Basic Info. Germany Consumer Price Index: Energy is at a current level of 143.90, down from 163.50 last month and up from 115.00 one year ago. This is a change of-11.99% from last month and 25.13% from one year ago.

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