UPSC 2005: Consider the following statements : 1. Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE) 2. For calculating the Sensex, all the Sensex stocks are assigned proportional weightage. 3. New York Stock Exchange is the oldest stock exchange in the world. Which of the statements given above is/are correct?

The correct answer is option (a): 2 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.

This question was asked in UPSC CSE Prelims 2005, GS Paper 1, as Question 73. It falls under Indian Economy > Financial Markets & Capital Markets.

This question is rated "moderate". It requires sound conceptual understanding of the topic.

UPSC has asked 35 questions from Financial Markets & Capital Markets (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.