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प्रश्न
Write notes on Bombay Stock Exchange.
उत्तर
BOMBAY stock exchange limited is the oldest stock exchange in Asia with a rich heritage, it is popularly known as ‘BSE’. It was established as “The Native Shares Stock Exchange Association” in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the securities contracts (regulation) Act, 1956.
The Exchange is pivotal (essential) and plays pre-eminent role in the development of the Indian capital market. It is widely recognised. Earlier an Association of persons (AOP) but now the exchange is demutualised and corporatized entity incorporated under the provisions of the company’s act 1956. BSE received its certificate of incorporation on 8th August 2005, and certificate of commencement of business n 12th August 2005. The name has been changed to ‘Bombay Stock Exchange Limited
The operations and dealings of BSE were fully computerized and thus the auction (sale) system of share trading was replaced by screen based trading known as BOLT (Bombay on-line Trading System) as in other modern stock exchanges around the world. The BSE SENSEX (SENSITIVE index) also called the BSE 30, is widely used marked index in India and Asia.
BSE has introduced a centralized online trading system called BSE webx.co.in wherein investors can register themselves with brokers worldwide and undertake transactions.
BSE aims for the following:
- Securities transaction to be undertaken on fair basis.
- Protecting investors and members interest
- Mobilizing resources effectively from those who have it to those who need it.
- Establishing a market wherein buyers and sellers can come together effectively.
APPEARS IN
संबंधित प्रश्न
Explain any three functions of stock exchange.
Write a word or a term or a phrase which can substitute each of the following statements:
The highest price quoted by a buyer to buy a specified number of shares or stock at any given time.
Write notes on Functions of S.E.B.I.
Select the proper option from the option given below and rewrite the sentences:
A market where existing securities are resold or traded is called __________ market.
State, with reason, whether the following statement is True or False.
Stock exchanges reflect financial progress of the company.
State any two reasons why investing public can expect a safe and fair deal in the stock market. (Point w.r.t safety of Transactions – Functions of the Stock Exchange).
What is the common name for Beneficiary Owner Account, which is to be opened by the investors for trading in securities?
Name any two details that need to be provided by the investor to the broker while filling a client registration form.
What are the functions of the Stock Exchange?
Jobber and stockbroker
Answer the following question.
Stock exchange acts as a regulator of the securities market. It creates a continuous market where the securities are bought and sold. It gives investors the chance to disinvest and reinvest. Through this process of disinvestment and reinvestment, savings get channelized into their most productive investment avenues. To ensure that the investing public gets a safe and fair deal in the market, the membership of the stock exchange is well regulated and its dealings are well defined according to the existing legal framework. It also ensures a wider share of ownership by regulating new issues, better trading practices, and taking effective steps in educating the public about investments.
Various functions performed by the Stock Exchange are discussed in the above para. By quoting lines from above para, state any four functions of the stock exchange.
_____ is the oldest stock exchange in the world.
______ was developed in Ahemdabad as Ahmedabad Stock Exchange (ASE) in 1894.
______ is the latest technology driven stock exchange which was recognised in 1993.
The organisation/institution which provides scope for speculation is :
NSE and BSE are types of ______.
When the stock market is bearish, a company must go for which of the following?
The organisation/institution which provides scope for speculation is:
______ is a number assigned to each transaction by the stock exchange and is printed on the contract note.
