SSC Economics Sample Paper NCERT Sample Paper-4

  • question_answer
    What does 'Circuit Limit' mean at the Bombay Stock Exchange?

    A)  The provision that a single stock cannot be traded at more than 10 percent higher than the opening price on a particular day.

    B)  A 10 percent intra-day fall in the SENSEX puts the Exchange closed.

    C)  A trader/broker cannot quote a price for a share less than the 20 percent of the last day's price.

    D)  None of the above.

    Correct Answer: B

    Solution :

    [b] Whenever there is a major fall in the BSE Sensitive Index (i.e. SENSEX), it affects the Indian share market badly. This is why at provision of 'Circuit Limit' was devised by me SEBI.

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