Which stock exchange was a founding sponsor of Central Depository Services (India) Limited?
Question and options
Which stock exchange was a founding sponsor of Central Depository Services (India) Limited?
BSE
NSE
National Commodity and Derivatives Exchange
Metropolitan Stock Exchange of India
Answer and explanation
Correct answer: A - BSE
Central Depository Services (India) Limited, India’s second depository, was promoted by BSE (then The Stock Exchange, Mumbai) together with banks such as Bank of India, and commenced business in 1999. NSE was a promoter of the other depository, NSDL.
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