CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is the first demutualized electronic exchange in the country?
A
BSE
B
NSE
C
CSE
D
ISE
Explanation: 

Detailed explanation-1: -Established in 1992 as the first demutualized electronic exchange in the country, NSE has continued to set new firsts throughout its history: it was the first exchange in India to provide a fully automated screen-based electronic trading system in 1994 and, in 2000, it offered the first internet trading in India.

Detailed explanation-2: -NSE was established in 1992 as the first dematerialized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system that offered easy trading facilities to investors spread across the length and breadth of the country.

Detailed explanation-3: -American Stock Exchange Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world’s first electronic stock market, trading for over 2, 500 securities.

Detailed explanation-4: -It is an impressive statistic-especially considering that the first stock exchange to demutualize (the Stockholm Stock Exchange) did so only in 1993.

Detailed explanation-5: -BSE, the first ever stock exchange in Asia established in 1875 and the first in the country to be granted permanent recognition under the Securities Contract Regulation Act, 1956, has had an interesting rise to prominence over the past 143 years.

There is 1 question to complete.