Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

What is "Sensex"?

A.
Social site
B.
Private banking system
C.
Population index
D.
Stock market index

Solution:

The correct answer is Stock Market Index. Sensex is a Stock Market Index of 30 financially strong companies listed on the Bombay Stock Exchange. Also known as Sensitive Index. Deepak Mohoni gave the term SENSEX. It is considered the core of the Stock market in India. On April 1, 1979, its base value was assumed as 100 and 1978 “ 79 as the base year. It is based upon the variations in market capitalization (total capital minus directors shareholding). Additional InformationOther Stock Market Indexes in India:NIFTY 50 (comprised of 50 top companies in terms of capital)NIFTY Bank (comprised of public and private sector banks)Stock Market Indexes of other countries:Dow Jones, NASDAQ “ United StatesHang Seng “ Hong KongNikkei 225 “ JapanMESDAQ “ MalaysiaStraits Times Index “ SingaporeKOSPI, KOSDAQ “ South KoreaMistake PointsDOLLEX “ 30: Dollar linked version of SENSEXAll-time high till the date of SENSEX “ 52154 (Feb 15, 2021)The base period for NIFTY 50 “ Nov 3, 1995, and Base value “ 1000

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