The Mumbai stock exchange was founded in _________?
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Answer: A. 1875
Explanation
The Mumbai stock exchange was officially founded in the year 1875. Historical financial records document its establishment during the British colonial period. It holds the distinction of being the oldest stock exchange operating in Asia. Mumbai serves as the primary commercial and financial powerhouse of modern India. Stock exchanges facilitate the buying and selling of corporate shares and public securities. Nineteenth-century economic developments led to the creation of formal capital markets in Asia.
Financial markets play a crucial role in mobilizing capital for corporate growth and economic development. Historic financial institutions reflect the long evolution of modern global commerce and banking. Investors monitor stock exchange indices to gauge the health of national and international economies. 1948 is incorrect because the exchange operated for decades prior to this postwar date. 1870 predates the actual formal establishment year recorded in financial history archives. 1947 marks the year of Indian independence rather than the founding of this exchange.
- Subject
- General Knowledge
- Category
- General Knowledge
- Topic
- —
- Difficulty
- medium
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