GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BSE
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NSE
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DSE
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All of the above
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Detailed explanation-1: -Two stock exchanges, NSE and OTCEI, are not only corporatized but also demutualised with segregation of ownership and trading rights of members.
Detailed explanation-2: -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-3: -Demutualization refers to the process by which a mutual company converts into a public share company. A mutual company is an institution owned by its mutual owners who enjoy exclusive use of its productive assets. Essentially, the company is owned by its users.