SSC Economics Sample Paper NCERT Sample Paper-6

  • question_answer
    Which one of the following statements is not correct?

    A)  The National Association of Securities Dealers Automated Quotations known as NASDAQ, is an American Stock Exchange

    B)  Nikkei is the stock market index for the Tokyo Stock Exchange

    C)  S and P CNX Nifty is the Index for 50 large companies on the Bombay Stock Exchange

    D)  Hang Seng Indexes record daily changes of the largest companies of the Hong Kong Stock market

    Correct Answer: C

    Solution :

    [c] A stock index endorsed by Standard & Poor's and composed of 50 of the largest and most liquid stocks found on the National Stock Exchange (NSE) of India. It is commonly used to represent the market for benchmarking Indian investments. Similar to other major stock indexes like the S&P 500, companies must meet certain requirements in terms of market capitalization and liquidity before they can be considered for inclusion in the index. Also known as "Nifty 50". CNX stands for the Credit Rating Information Services of India Limited (CRISIL) and the National Stock Exchange of India (NSE). These two bodies own and manage the index within a joint "venture called the India Index Services and Products Ltd. (IISL). Without the additional abbreviation to S&P CNX, the index name would be S & P CRISIL NSE Index.

You need to login to perform this action.
You will be redirected in 3 sec spinner