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The National Stock Exchange (NSE) is located at

  • A.Mumbai
  • B.New Delhi
  • C.Madras
  • D.Calcutta

Answer: A

Correct answer: Mumbai

The National Stock Exchange is at Mumbai, incorporated in 1992 and beginning trading in 1994.

Its significance was the method rather than the place: it introduced screen-based electronic trading with nationwide terminals, ending the floor-based open outcry that had confined access to members physically present. That change forced the older exchanges to modernise and made trading possible from anywhere in the country. Mumbai's position as the financial centre also explains the Bombay Stock Exchange, the Reserve Bank and SEBI all being located there.

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