CURRENT AFFAIRS

Detailed explanation-1: -India, which also saw a similar expansion this year, overtook the US to become the world’s No. 2 steel consumer after China a couple of years ago.

Detailed explanation-2: -NASDAQ is the world’s second-largest stock exchange located at 151 W, 42nd Street, New York City. It was the first electronically traded stock exchange in the world, established in 1971.

Detailed explanation-3: -Largest stock exchange operators worldwide 2022, by market cap of listed companies. The New York Stock Exchange is the largest stock exchange in the world, with an equity market capitalization of nearly 23 trillion U.S. dollars as of December 2022.

Detailed explanation-4: -It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world’s 3rd largest stock market by market capitalization at US$7.62 trillion as of July 2021.

Detailed explanation-5: -The SSE ranks fourth in the world in terms of total market cap for equity exchanges, behind only the NYSE, Nasdaq, and Tokyo Stock Exchange.