ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -NSE was incorporated in 1992. It was recognised as a stock exchange by SEBI in April 1993 and commenced operations in 1994 with the launch of the wholesale debt market, followed shortly after by the launch of the cash market segment.

Detailed explanation-2: -The Bombay Stock Exchange (BSE) is the first and largest securities market in India and was established in 1875 as the Native Share and Stock Brokers’ Association.

Detailed explanation-3: -NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.

Detailed explanation-4: -NSE has a three-fold function namely, to establish a trading facility accessible to investors of all classes in the debt, equity, and other asset classes market; to provide all investors an equal opportunity to participate in the trading system; and to meet the lofty global standards set for financial exchange markets.