The National Stock Exchange of India was recognized as stock exchange in the year
(a) 1992
(b) 1993
(c) 1994
(d) 1995
National Stock Exchange of India was promoted by financial institutions and established as a public limited company in 1992. However, it was 'recognized as a stock exchange' in April,'1993' under Securities Contracts (Regulation) Act,1956. It commenced its operations in capital market in 1994 and operations in derivatives market were started in 2000.