With reference to the National Stock Exchange (NSE) of India, consider the following statements: 1. NSE was established in 1992 and has contributed significantly to transparency and reform in the Indian securities market. 2. CNX Nifty comprises 50 companies from across different sectors of the Indian economy. 3. CNX Nifty Junior represents companies listed exclusively on foreign stock exchanges with Indian operations. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation:

NSE was established in 1992 and has played a major role in introducing transparency, reform, and efficiency in the Indian securities market.
The CNX Nifty (also called Nifty 50) is the benchmark index of NSE and includes 50 well-diversified stocks representing key sectors of the Indian economy.
CNX Nifty Junior includes Indian companies ranked just below the top 50 in market capitalization, not foreign-listed companies.

Source: Indian Economy (Ramesh Singh)