WBCS.LIVE practice question

The 'NIFTY 50' is the benchmark stock market index for which stock exchange in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Bombay Stock Exchange (BSE)
  2. National Stock Exchange (NSE)
  3. Calcutta Stock Exchange (CSE)
  4. Multi Commodity Exchange (MCX)

Correct answer and explanation

Correct answer: National Stock Exchange (NSE)

Explanation: āœ… Correct Answer: B) National Stock Exchange (NSE) šŸ“š Explanation: The NIFTY 50 is the flagship index of the National Stock Exchange of India, representing the weighted average of 50 of the largest and most liquid Indian company stocks. It is used as a barometer for the overall health of the Indian equity market. While the SENSEX belongs to the BSE, the NIFTY is the primary index for the NSE.