Q. 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?
Quarterly-SFG-Jan-to-March
Red Book

[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

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