| 1. Sensex is based on 50 of the most important stocks available on the Bombay stock Exchange (BSE). |
| 2. For calculating the Sensex, all the stock are assigned proportional weightage. |
| 3. New York Stock Exchange is the oldest stock exchange in the world. |
A) 2 only
B) 1 and 3
C) 2 and 3
D) none
Correct Answer: A
Solution :
The ?BSE SENSEX? is a value-weighted index composed of 30 stocks and was started in 1 January, 1986. The origin of the NYSE can be traced to 1742. May, 1792. When the Buttonwood Agreement was 43 signed by 24 stock brokers outside 68 Wall Street in New York under a buttonwood tree. Amsterdam Stock Exchange (1602) is considered oldest in the world and was established by the Dutch East India company.
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