CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which stock exchange was the first in Asia?
A
Bombay Stock Exchange
B
National Stock Exchange
C
Shanghai Stock Exchange
D
Tokyo Stock Exchange
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -The Amsterdam stock exchange is considered the oldest “modern” securities market in the world. It was shortly after the establishment of the Dutch East India Company (VOC) in 1602 when equities began trading on a regular basis as a secondary market to trade its shares.

Detailed explanation-3: -The Calcutta Stock Exchange (CSE), located at the Lyons Range, Kolkata, India, is a stock exchange under the ownership of Ministry of Finance, Government of India. It is the second oldest stock exchange in Asia.

Detailed explanation-4: -The Shanghai Stock Exchange is the world’s 3rd largest stock market by market capitalization at US$7.62 trillion as of July 2021. It is also Asia’s biggest stock exchange.

Detailed explanation-5: -Established in 1875 as the Native Share and Stock Brokers’ Association, the Bombay Stock Exchange (BSE) is Asia’s first exchange and the largest securities market in India.

There is 1 question to complete.