Question

The National Stock Exchange of India was recognized as stock exchange in the year

Options

• 1992

• 1993

• 1994

• 1995

Answer 1

1992

Explanation - 

Financial institutions backed the establishment of the National Stock Exchange of India, which became a public limited company in 1992. However, in April of 1993, it was recognized as a stock exchange' under the Securities Contracts (Regulation) Act, 1956. It began operations in the capital market in 1994, and operations in the derivatives market in 2000.