Year 2006, so far has been extremely volatile for markets all over the world. The Indian markets zoomed to all-time highs and crashed to new lows. Take the rediff business quiz to find out how much you know about the markets.
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1. Which is the oldest stock exchange in Asia? a) Nikkei b) Hong Kong c) Bombay Stock Exchange
Wrong! Try again..
Wrong! The correct answer is Bombay Stock Exchange. Bombay Stock Exchange is the oldest stock exchange in Asia. It was established as 'The Native Share & Stock Brokers 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.
Correct! Bombay Stock Exchange is the oldest stock exchange in Asia. It was established as 'The Native Share & Stock Brokers 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.
2. The BSE Sensex's biggest loss at close of market hours was of... a) 1000 points b) 826 points c) 966 points
Wrong! Try again..
Wrong! The correct answer is 826 points. The Sensex closed at 11,391 down 826 points, which is the highest ever-absolute fall for the Sensex. The markets closed with sharp correction taking cues from Dow, Asian and other emerging markets.
Correct! The Sensex closed at 11,391 down 826 points, which is the highest ever-absolute fall for the Sensex. The markets closed with sharp correction taking cues from Dow, Asian and other emerging markets.
3. Which is the world's third-largest stock exchange in terms of transactions? a) NSE c) Nikkei b) BSE
Wrong! Try again..
Wrong! The correct answer is NSE. The NSE is the world's third largest stock exchange in terms of transactions. Established in 1993, the National Stock Exchange of India is one of the most advanced in the country and covers 320 cities in India.
Correct! The NSE is the world's third largest stock exchange in terms of transactions. Established in 1993, the National Stock Exchange of India is one of the most advanced in the country and covers 320 cities in India.
4. The NSE Nifty's biggest ever crash was... a) 246 points b) 269 points c) 265 points
Wrong! Try again..
Wrong! The correct answer is 246 points. On May 18, 2006, the NSE Nifty closed with a loss of 246 points at 3,389, taking cues from Dow, Asian and other emerging markets. The broad based selling was triggered by volatile commodity prices and uncertainty over tax on FIIs. All Nifty stocks closed in the red on that day.
Correct! On May 18, 2006, the NSE Nifty closed with a loss of 246 points at 3,389, taking cues from Dow, Asian and other emerging markets. The broad based selling was triggered by volatile commodity prices and uncertainty over tax on FIIs. All Nifty stocks closed in the red on that day.
5. Which stock exchange crash led to the 'great depression' in 1929? a) Toronto Stock Exchange b) Dow Jones Industrial Average c) Nikkei
Wrong! Try again..
Wrong! The correct answer is Dow Jones Industrial Average. The Dow Jones zoomed from 60 to 400 between 1921 to 1929. But this boom did not last long. On October 24 1929, panic selling occurred on Dow Jones Industrial Average. Investors became bankrupt instantly, as the stock market crashed on October 28 and 29. By November 1929, the Dow sank from 400 to 145.
Correct! The Dow Jones zoomed from 60 to 400 between 1921 to 1929. But this boom did not last long. On October 24 1929, panic selling occurred on Dow Jones Industrial Average. Investors became bankrupt instantly, as the stock market crashed on October 28 and 29. By November 1929, the Dow sank from 400 to 145.