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प्रश्न
Write notes on Bombay Stock Exchange.
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उत्तर
BOMBAY stock exchange limited is the oldest stock exchange in Asia with a rich heritage, it is popularly known as ‘BSE’. It was established as “The Native Shares Stock Exchange Association” in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the securities contracts (regulation) Act, 1956.
The Exchange is pivotal (essential) and plays pre-eminent role in the development of the Indian capital market. It is widely recognised. Earlier an Association of persons (AOP) but now the exchange is demutualised and corporatized entity incorporated under the provisions of the company’s act 1956. BSE received its certificate of incorporation on 8th August 2005, and certificate of commencement of business n 12th August 2005. The name has been changed to ‘Bombay Stock Exchange Limited
The operations and dealings of BSE were fully computerized and thus the auction (sale) system of share trading was replaced by screen based trading known as BOLT (Bombay on-line Trading System) as in other modern stock exchanges around the world. The BSE SENSEX (SENSITIVE index) also called the BSE 30, is widely used marked index in India and Asia.
BSE has introduced a centralized online trading system called BSE webx.co.in wherein investors can register themselves with brokers worldwide and undertake transactions.
BSE aims for the following:
- Securities transaction to be undertaken on fair basis.
- Protecting investors and members interest
- Mobilizing resources effectively from those who have it to those who need it.
- Establishing a market wherein buyers and sellers can come together effectively.
APPEARS IN
संबंधित प्रश्न
The place where buying and selling of securities takes place
Explain any three functions of stock exchange.
Write a word or a term or a phrase which can substitute each of the following statements:
The highest price quoted by a buyer to buy a specified number of shares or stock at any given time.
A market place where existing securities are bought and sold.
The institution which regulates business in stock exchange.
State, with reason, whether the following statement is True or False.
Stock exchanges reflect financial progress of the company.
What is the common name for Beneficiary Owner Account, which is to be opened by the investors for trading in securities?
Name the document prepared in the process of online trading of securities that is legally enforceable and helps to settle disputes/claims between the investor and the broker.
Write a word or a term or a phrase which can substitute the following statement :
The place where buying and selling of securities takes place.
Write Short Notes on Role of Stock Exchange (March 2009)
Explain the features of stock exchange.
Stock exchange allow trading in _______.
______ is the latest technology driven stock exchange which was recognised in 1993.
The organisation/institution which provides scope for speculation is :
When the stock market is bearish, a company must go for which of the following?
When the stock market is bullish, a company must go for which of the following?
The organisation/institution which provides scope for speculation is:
Read the following text and answer the following questions on the basis of the same:
Mr. A. Bose is running a successful business. Mr. Bose is the owner of R. K. Cement Ltd. Mr. Bose decided to expand his business by acquiring a Steel Factory. This required an investment of Rs. 60 crores. To seek advice in this matter, he called his financial advisor Mr. T. Ghosh who advised him about the judicious mix of equity (40%) and Debt (60%). Employ more of cheaper debt may enhance the EPS. Mr. Ghosh also suggested him to take loan from a financial institution as the cost of raising funds from financial institutions is low. Though this will increase the financial risk but will also raise the return to equity shareholders. He also apprised him that issue of debt will not dilute the control of equity shareholders. At the same time, the interest on loan is a tax-deductible expense for computation of tax liability. After due deliberations with Mr. Ghosh, Mr. Bose decided to raise funds from a financial institution.
Employ more of cheaper debt may enhance the EPS. Such practice is called :
