Consider the following statements: 1. Sensex is based on 50 of the most important stocks available on the Bombay stock Exchange (BSE).
Consider the following statements:
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.
Which of the statements given above is/are correct?
(a) 2 only (b) 1 and 3 (c) 2 and 3 (d) none
1 Answers
(a) 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 17 May, 1792. When the Buttonwood Agreement was 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.