A) The provision that a single stock cannot be traded at more than 10 percent higher than the opening price on a particular day.
B) A 10 percent intra-day fall in the SENSEX puts the Exchange closed.
C) A trader/broker cannot quote a price for a share less than the 20 percent of the last day's price.
D) None of the above.
Correct Answer: B
Solution :
[b] Whenever there is a major fall in the BSE Sensitive Index (i.e. SENSEX), it affects the Indian share market badly. This is why at provision of 'Circuit Limit' was devised by me SEBI.
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