Which one of the following statements is not correct?

Statement 3 is incorrect because the S&P CNX Nifty (now known as Nifty 50) is the benchmark index for the National Stock Exchange (NSE), not the Bombay Stock Exchange (BSE). The NSE was established in 1992 as India's first fully automated electronic exchange, and its NIFTY index tracks the performance of 50 well-established companies [1]. In contrast, the primary index for the Bombay Stock Exchange is the SENSEX, which tracks 30 companies. Other statements are accurate: NASDAQ is a major American electronic stock exchange; the Nikkei 225 is the premier stock index for the Tokyo Stock Exchange; and the Hang Seng Index is the main indicator of the Hong Kong stock market's performance, recording daily changes of its largest constituent companies. Stock exchanges serve as vital platforms for trading listed securities like shares and derivatives [2].

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 9: Agriculture > National Stock Exchange > p. 276
2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 9: Agriculture > STOCK EXCHANGE > p. 275