ECONOMICS (CBSE/UGC NET)

ECONOMICS

FINANCIAL MARKETS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the DOW Jones Industrial Average?
A
the 100 top selling stocks over the past 10 years
B
30 stocks that represent the whole market
C
500 stocks from different industries that change annually
D
75 stocks selected from the NYSE, NASDAQ, and the OTC Market.
Explanation: 

Detailed explanation-1: -The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange and the Nasdaq. The index was created by Charles Dow in 1896 to serve as a proxy for the broader U.S. economy. The DJIA’s composition can change over time based on economic trends.

Detailed explanation-2: -Started in 1896, the DJIA consists of blue-chip stocks, approximately two-thirds of which are represented by companies producing industrial and consumer goods. The rest are chosen from all the major sectors of the economy, including information technology, entertainment, and financial services.

Detailed explanation-3: -The Dow 30, also known as the Dow Jones Industrial Average (DJIA), consists of 30 large, publicly-traded U.S. companies. The companies in the Dow are always changing, depending on their prominence within the economy.

Detailed explanation-4: -The Dow Jones Industrial Average comprises 30 blue-chip stocks that are tops in their industries.

There is 1 question to complete.