In which year was the first Exchange-traded Index Derivative Contract traded on the Bombay Stock Exchange (BSE)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 2000.
| Bombay Stock Exchange | BSE created history on June 9, 2000, by launching the first Exchange-traded Index Derivative Contract i.e. futures on the capital market benchmark index - the BSE Sensex. |
| On 31 August 1957, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. | |
| BSE stock exchange was founded by Premchand Roychand in 1875 and is currently managed by Sethurathnam Ravi, serving as the chairman. |