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National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____.
  • a)
    1991
  • b)
    1992
  • c)
    1993
  • d)
    1994
Correct answer is option 'B'. Can you explain this answer?
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National stock exchange was set up a joint stock company by all indian...
National Stock Exchange (NSE) Establishment

Background Information:
The National Stock Exchange (NSE) is the leading stock exchange in India. It was established in the early 1990s to provide a transparent and efficient trading platform for investors.

Establishment:
The NSE was set up on November 27, 1992, as a joint stock company by all Indian financial institutions and banks. The establishment of the NSE was a significant step in the development of the Indian capital market. The NSE was established with the following objectives:

- To provide a modern, fully automated screen-based trading system for securities trading.

- To ensure equal access to investors from all parts of the country.

- To provide a fair, transparent and efficient market for securities trading.

Significance of NSE:
The establishment of the NSE has had a significant impact on the Indian capital market. It has provided investors with a modern, efficient and transparent trading platform. The NSE has also played a crucial role in the development of the Indian economy by providing companies with access to capital markets.

Conclusion:
The establishment of the NSE was a significant step in the development of the Indian capital market. It has provided investors with a modern, efficient and transparent trading platform and has played a crucial role in the development of the Indian economy.
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Community Answer
National stock exchange was set up a joint stock company by all indian...
1993
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Direction: Read the following text and answer the questions given below:ISQAA SOLAR Limited is searching for options to raise ₹ 20,000 crores from the primary market for diversification and modernisation of existing projects. It hired the services of a renowned financial consultancy firm, DHAN LAXMI PVT. LTD. to suggest options for the same. DHAN LAXMI PVT. LTD. suggested a list of options to the Board of Directors of the company. It was decided that for the immediate requirement of ₹ 1,500 crores, the company will give a privilege to existing shareholders to subscribe to a new issue of shares according to the terms and conditions of the company. ₹ 4,500 crores would be raised by allotment of securities to a consortium of financial institutions, instead of inviting subscription from the public by making a direct appeal to investors to raise capital. It was further decided to raise capital to the tune of ₹ 6,000 crores through an issuing house. All these options were accepted by the Board of Directors. The Board further decided to raise ₹ 8,000 crores through the online system of the stock exchange by entering into an agreement with the exchange.Q. “₹ 4,500 crores would be raised by allotment of securities to a consortium of financial institutions, instead of inviting subscription from the public by making a direct appeal to investors to raise capital.’’ Identify the method of floatation of new issues in the primary market being discussed above, which the company has decided to use

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National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____.a)1991b)1992c)1993d)1994Correct answer is option 'B'. Can you explain this answer?
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