(I) The SENSEX is a free-float market-weighted stock market of 30 well established and financially sound companies listed on Bombay stock exchange.
(II) The NIFTY 50 is NSE’s benchmark broad based stock market index for the Indian equity market. It represents the simple average of 50 Indian company stocks in 12 sectors.

Statement I and II are true

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Statement I is false and Statement II is true

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Statement I is true and Statement II is false

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Statement I and II are false

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Solution

The correct option is D
Statement I is true and Statement II is false

SENSEX and NIFTY 50 are the weighted average stock markets of 30 and 50 blue chip stocks respectively.

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Similar questions

Consider the following statements:

Which of the statements given above is/are correct?

1 only
1 and 3
2 and 3
None of these

Name the benchmark or the market index of Bombay Stock Exchange (BSE).

Q. Bombay Stock Exchange (BSE), National Stock Exchange (NSE) are part of the primary market.

Bombay Stock exchange consists of 30 stocks which represent 13 sectors of the economy and the companies listed are leaders in their respective industries.

Q. The ________ market is also known as the stock market or stock exchange, which is the market for the purchase and sale of existing securities.

The correct option is D Statement I is true and Statement II is false SENSEX and NIFTY 50 are the weighted average stock markets of 30 and 50 blue chip stocks respectively.

The correct option is D
Statement I is true and Statement II is false

SENSEX and NIFTY 50 are the weighted average stock markets of 30 and 50 blue chip stocks respectively.