Consider the following statements: 1. Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE) 2. For calculating the Sensex, all the Sensex stocks are assigned proportional weightage. 3. New York Stock Exchange is t

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Q: 21 (IAS/2005)
Consider the following statements:
1. Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE)
2. For calculating the Sensex, all the Sensex stocks are assigned proportional weightage.
3. New York Stock Exchange is the oldest stock exchange in the world.
Which of the statements is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,60,92,60,34,33,25

keywords: 

{'sensex stocks': [0, 0, 1, 0], 'oldest stock exchange': [0, 0, 1, 0], 'bombay stock exchange': [0, 0, 1, 0], 'new york stock exchange': [0, 0, 1, 1], 'sensex': [0, 1, 0, 0], 'important stocks': [0, 0, 1, 0], 'proportional weightage': [0, 0, 1, 0], 'bse': [0, 0, 1, 0]}

Statement 1: Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE).

This statement is incorrect. The Sensex is not based on 50 stocks. It is based on the performance of 30 large and financially stable companies listed on the Bombay Stock Exchange (BSE). These 30 companies are referred to as "constituents" of the Sensex.

Statement 2: For calculating the Sensex, all the Sensex stocks are assigned proportional weightage.

This statement is correct. The Sensex is a market index that calculates the overall performance of the 30 constituent stocks. Each stock is assigned a weightage based on its market capitalization, which reflects its proportional importance in the index.

Statement 3: New York Stock Exchange is the oldest stock exchange in the world.

This statement is correct. The New York Stock Exchange (NYSE) is indeed the oldest stock exchange in the world. It was founded in 1792 and has a long history of facilitating the trading of stocks and other securities.

Therefore, the correct answer is:

2 only