SSC
The Bombay Stock Exchange (BSE), Asia's oldest stock exchange, was founded largely through the efforts of:
Answer (Detailed Solution Below)View answer ▾Hide ▴
Answer: Option A — Premchand Roychand
Detailed Solution
The Bombay Stock Exchange (BSE), Asia's oldest stock exchange, was founded largely through the efforts of:
- Premchand Roychand
- Cowasji Jehangir
- Jamsetji Tata
- Dadabhai Naoroji
Quick tip
Remember: Bombay Stock Exchange = founded 1875 as "The Native Share and Stock Brokers' Association" (Premchand Roychand, "Cotton King"); Rajabai Clock Tower funded by Premchand Roychand; BSE on Dalal Street (Phiroze Jeejeebhoy Towers); Sensex = 30 companies.
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Financial Markets & Institutions — Preparation
This question tests your understanding of Financial Markets & Institutions, a key topic in the General Knowledge section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
This topic covers India's financial institutions and markets: regulators such as SEBI, IRDAI and PFRDA, development banks such as NABARD, SIDBI and EXIM Bank, the money market and capital market, stock exchanges and indices, insurance, and microfinance and self-help groups. Questions usually ask what each regulator oversees, where institutions are headquartered, and what market terms mean (bull and bear markets, IPO, Sensex and Nifty). For example, NABARD supports agriculture and rural development, SIDBI supports small industries, and SEBI regulates the securities market. Practise the financial markets and institutions questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.