ECONOMICS
FINANCIAL MARKETS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -NIFTY indices are used as benchmarks for products traded on NSE. NIFTY indices served as the benchmark index for 117 ETFs listed in India and 12 ETFs listed abroad as of January 31, 2023. Derivatives benchmarked to NIFTY indices are also available for trading on NSE, NSE IFSC and Singapore Exchange Ltd.
Detailed explanation-2: -SENSEX is the benchmark or the market index of Bombay Stock Exchange (BSE).
Detailed explanation-3: -Sensex is the Index for Bombay Stock Exchange (BSE), and Nifty is the Index for National Stock Exchange (NSE).
Detailed explanation-4: -The term Sensex refers to the benchmark index of the BSE in India. The Sensex is comprised of 30 of the largest and most actively traded stocks on the BSE and provides a gauge of India’s economy. It is float-adjusted and market capitalization-weighted.