Consider the following statements regarding NIFTY 50 1 It is owned by Bombay stock exchange 2 It is ...........

Economic Affairs Financial Markets

Download Solution PDF

Consider the following statements regarding NIFTY 50

1.It is owned by Bombay stock exchange

2.It is used for a variety of purposes such as benchmarking fund portfolios and index funds.

Which of the above is/are correct?

1 only

2 only

Both 1 and 2

None of the above

छोटे Courses बड़े Results

Master Financial Markets

Prepare through Micro-courses

Try Now

Explanation:

2 only

The first statement is incorrect. NIFTY 50 is not owned by the Bombay Stock Exchange (BSE). It is owned and managed by the National Stock Exchange of India (NSE).

The second statement is correct. NIFTY 50 is indeed used for various purposes, including benchmarking fund portfolios, creating index funds, and providing a gauge for the overall performance of the Indian stock market.

Therefore, only statement 2 is correct