GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1952
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1965
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1991
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1996
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Detailed explanation-1: -The Nifty 50 index was launched on 22 April 1996, and is one of the many stock indices of Nifty.
Detailed explanation-2: -National Stock Exchange is one of the world’s largest stock exchange by market capitalization. NSE’s flagship index, the NIFTY 50, a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE.
Detailed explanation-3: -The Sensex peaked at 4, 069.26 on June 18, 1996 and dropped to 2, 745 on December 4, 1996. This was also a three year low of the Sensex. Tight liquidity conditions, high interest rates and poor results of the corporate sector were some of the main reasons of the depressed sentiment in the stock markets.