Question
Consider the following statements:Â 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?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 17 May, 1792. Amsterdam stock exchange (1602) is considered oldest in the world and was established by the Dutch East India company.
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