Question

When did the Union Stock Exchange of India Limited launch in the Indian capital market?
A. 1990
B. 1995
C. 2000
D. 2010

Answer 1

Hint: The Union Stock of India launched a year after when the State Bank of India merged with its associate bank State Bank of Indore. The stock exchange was formed in the first year of the second term of Manmohan Singh’s government.

Complete answer:
An Indian stock exchange, the United Stock Exchange of India (USE) is the fourth pan India exchange launched for trading financial instruments in the country. To build a foundation of repute, the Union Stock Exchange represents the commitment of twenty-one public sector, private sector, international banks, and corporate houses. The Union Stock exchange was founded on September 20, 2010.
Allahabad Bank, Corporation Bank, Punjab National Bank,k, IDBI Bank, Syndicate Bank, Bank of Maharashtra, Canara Bank, Uco Bank, Union Bank of India, Central Bank of India, etc, are the public sector banks that are the stakeholders of the Union Stock Exchange.
Axis Bank, ICICI Bank, HDFC Bank, Federal Bank, etc, are the private sector banks that are the stakeholders of the Union Stock Exchange.
Metals and Minerals Trading Corporation of India (MMTC), one of the major corporate institutes in the country is associated with the Union Stock Exchange.

While talking about the other options,
A. For the growth and development of Capital Markets of China, the Shanghai Stock Exchange was reopened in 1990. The stock exchange was closed in 1950 after the Communist Revolution.
B. In the 1990s, around 1995, internet banking was introduced in India. The first bank to offer this facility was ICICI.
C. India’s first small finance bank, the Capital Small Finance Bank was launched in 2000 in five districts of Punjab.

Thus the correct option is D.

Note: On the very first day of USE’s launch, fifty-two percent of the market shares were cornered and a record was made of highest volumes traded in currency futures in a single day.