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      Question

      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 Correct Answer Incorrect Answer
      B 1 and 3 Correct Answer Incorrect Answer
      C 2 and 3 Correct Answer Incorrect Answer
      D 1 only Correct Answer Incorrect Answer
      E 3 only Correct Answer Incorrect Answer

      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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