Q. Consider the following statements regarding “National Stock Exchange of India Ltd. (NSE)”:
1.It was set up in 1992.
2.It has a 50-share index and a 500-share index known as S&P CNX-50 (Nifty Fifty) and S&P CNX-500.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: The National Stock Exchange of India Ltd. (NSE) was set up in 1992 and became operationalized in 1994.

  • The sponsors of the exchange are financial institutions, including IDBI, LIC and GIC with IDBI as its promotor.
  • It has a 50-share index and a 500-share index known as S&P CNX-50 (Nifty Fifty) and S&P CNX-500, respectively.

Source: Ramesh Singh

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