Among the following major stock exchanges of India, the exchange which recorded highest turnover during the year 2001-01 is

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Q: 77 (IAS/2002)
Among the following major stock exchanges of India, the exchange which recorded highest turnover during the year 2001-01 is

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,99,39,99,7,4,28

keywords: 

{'bombay stock exchange': [0, 0, 1, 0], 'delhi stock exchange': [0, 0, 1, 0], 'calcutta stock exchange': [0, 0, 1, 0], 'major stock exchanges': [0, 0, 1, 0], 'national stock exchange': [0, 0, 0, 1], 'highest turnover': [0, 0, 1, 0], 'exchange': [0, 1, 2, 4], 'india': [8, 1, 7, 13], 'year': [27, 4, 33, 49]}

The Bombay Stock Exchange (BSE) is chosen as the correct answer because, in 2001, it recorded the highest turnover amongst all the other major stock exchanges in India.

Let`s discuss all options:

1) Bombay Stock Exchange: This exchange, based in Mumbai, has a significant trading volume and is one of the oldest exchanges in Asia. The high turnover in 2001 highlights its robust operation and high activity level.

2) Calcutta Stock Exchange: Based in Kolkata, it was a thriving exchange, but it did not outperform the BSE in terms of turnover during the mentioned period.

3) Delhi Stock Exchange: This exchange, while important, had lower trading volume compared to BSE in 2001.

4) National Stock Exchange: Despite being India`s largest stock exchange in terms of total and average daily turnover for equities, in 2001, it was not able to top the BSE`s turnover.

Therefore, the BSE registered the highest turnover in 2001 among the listed options. It`s worth noting that `turnover` refers to the total value of shares traded over a specific period.

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