Which among the following is the oldest stock exchange in India? 

The correct answer is Option 3.

Key Points

• The oldest stock exchange in India is the Bombay Stock Exchange (BSE), also known as the Stock Exchange, Mumbai.
• It was established in 1875 and is the oldest stock exchange in Asia.
• The BSE is located in Mumbai, Maharashtra, and has played a significant role in the development and growth of the Indian capital market.

Additional Information

•  The Multi-Commodity Exchange of India Ltd. (MCX) is not the oldest stock exchange in India.
  • It is actually a commodity derivatives exchange rather than a stock exchange.
  • MCX was established in 2003 and is headquartered in Mumbai, India.
  • It primarily facilitates trading in commodity futures contracts, including gold, silver, crude oil, natural gas, agricultural commodities, and more.
  • MCX provides a platform for market participants to trade and hedge their price risks in various commodities.
• The National Commodity and Derivatives Exchange (NCDEX) is not the oldest stock exchange in India either.
  • It is another commodity derivatives exchange operating in India.
  • NCDEX was established in 2003 and is headquartered in Mumbai, India.
  • It focuses on facilitating trading in agricultural commodities, such as wheat, rice, maize, soybean, cotton, etc.
  • NCDEX provides a platform for market participants, including farmers, traders, and processors, to trade and hedge their price risks in agricultural commodities.
• The National Stock Exchange (NSE) is not the oldest stock exchange in India, but it is one of the major stock exchanges in the country.
  • The NSE was established in 1992 and is headquartered in Mumbai, Maharashtra.
  • It is a leading stock exchange in India and provides a platform for trading various financial instruments, including equities, derivatives, and exchange-traded funds (ETFs).
  • The NSE has played a crucial role in the modernization and development of the Indian capital market and is known for its advanced trading technology and extensive market reach.