Which one of the following statements is not correct?

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Q: 87 (CDS-II/2009)
Which one of the following statements is not correct?

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,37,58,21,14,37,23

keywords: 

{'stock market index': [0, 0, 1, 0], 'nasdaq': [0, 0, 1, 0], 'nikkei': [0, 0, 2, 0], 'securities dealers automated quotations': [0, 0, 1, 0], 'tokyo stock exchange': [0, 0, 1, 0], 'bombay stock exchange': [0, 0, 1, 0], 'american stock exchange': [0, 0, 1, 0], 'hong kong stock market': [0, 0, 1, 0], 'index': [0, 2, 4, 7], 'largest companies': [0, 0, 1, 0], 'large companies': [0, 0, 1, 0], 'national association': [0, 0, 1, 0], 'hang seng indexes record': [0, 0, 1, 0]}

Option 1: The statement is correct. The National Association of Securities Dealers Automated Quotations (NASDAQ) is indeed an American stock exchange. It is one of the largest and most prestigious stock exchanges in the world.

Option 2: The statement is correct. The Nikkei is the stock market index for the Tokyo Stock Exchange. It represents the performance of 225 major Japanese companies listed on the exchange.

Option 3: The statement is incorrect. S and P CNX Nifty is not the index for 50 large companies on the Bombay Stock Exchange. The correct statement would be that the S&P BSE Sensex is the index for 30 large companies on the Bombay Stock Exchange.

Option 4: The statement is correct. The Hang Seng Indexes do record daily changes of the largest companies of the Hong Kong stock market. It is one of the most widely used indices in Asia and is a key indicator of the Hong Kong stock market`s overall performance.

In summary, the correct option is 3 as the S and P CNX Nifty is not the index for 50 large companies on the Bombay Stock Exchange.