Which of the following statement is are correct about National Stock Exchange of India 1 In the year...........

Finance (Phase -I & II) Banking and Financial system in India

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Which of the following statement is/are correct about National Stock Exchange of India ?

1.In the year 1993, Pherwani Committee recommended to establish National Stock Excahnge (NSE) in India.

2.In National Stock Exchange there is trading of equity shares, bonds and government securities.

only 1

only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

National Stock Exchange of India- In the year 1991 Pherwani Committee recommended to establish National Stock Excahnge (NSE) in India. ·In 1992 the Government of India authorized IDBI for establishing this exchange. ·In National Stock Exchange there is trading of equity shares, bonds and government securities. · National Stock Exchange has achieved world standards. ·Both MIBOR (Mumbai Inter Bank Offer Rate) and MIBID (Mumbai Inter Bank Bid Rate) are two new references rates of the National Stock Exchanges. These two new reference rates were launched on June 15, 1998 for the loans of interbank call moneymarket.