With reference to Stock Exchanges in India, consider the following statements: 1. The Bombay Stock Exchange (BSE) is Asia’s first stock exchange and offers depository services through Central Depository Services Limited (CDSL). 2. The National Stock Exchange (NSE) introduced India’s first screen-based electronic trading system. 3. A stock exchange in India can operate without government recognition if it meets international regulatory standards. 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:

The BSE is not only India’s oldest stock exchange, but also Asia’s first. It offers depository services through CDSL, a BSE-promoted entity.
The NSE was the first in India to implement a fully automated screen-based electronic trading system, revolutionizing trading practices in India.
In India, a stock exchange must be recognized by the Government under the Securities Contracts (Regulation) Act, 1956, regardless of international standards.

Source- 11th NCERT: Economics: Indian Economic Development and TMH Indian Economy by Ramesh Singh