Context:
The year 2025 marks the 150 years of the Bombay Stock Exchange (BSE).
Bombay Stock Exchange (BSE):
- Established in 1875 as the Native Share and Stock Brokers’ Association.
- Asia’s oldest stock exchange, headquartered in Mumbai, India.
- Recognized by the Government of India under the Securities Contracts Regulation Act in 1957.
- One of the largest stock exchanges globally, with over 6,000 listed companies.
- Plays a pivotal role in the Indian capital market by facilitating trading in equities, derivatives, currencies, and bonds.
- Transitioned from open outcry trading to electronic trading in 1995.
- Open outcry trading is a traditional method of communication used on trading floors of stock exchanges or futures exchanges.
- Introduced the Information Security Management System StandardBS 7799-2-2002 certification, becoming the 1st stock exchange in India to achieve this.
- A British standard that provided a framework for establishing, implementing, and managing an Information Security Management System (ISMS).
- Key Features –
- Sensex: The benchmark index of BSE, launched in 1986, tracks the performance of 30 financially sound companies.
- BOLT (BSE On-Line Trading): Introduced in 1995, it is an electronic trading platform ensuring efficient and secure transactions.
- SME Platform: Provides a trading platform for small and medium enterprises.
- Regulated by – Securities and Exchange Board of India (SEBI) to ensure investor protection and market integrity.
Source: Financial Express
Previous Year Question
Consider the following statements:
1. In India, credit rating agencies are regulated by Reserve Bank of India.
2. The rating agency popularly known as ICRA is a public limited company.
3. Brickwork Ratings is an Indian credit rating agency.
Which of the statements given above are correct?
[UPSC Civil Services Exam – 2022 Prelims]
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: (b)
Explanation:
Statement 1 is not correct: In India, credit rating agencies are regulated by Securities and Exchange Board of India (SEBI).