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Question

The National Stock Exchange of India was recognized as stock exchange in the year

(a) 1992

(b) 1993

(c) 1994

(d) 1995

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Solution

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.


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