Correct option is D
The correct answer is option (d): Mumbai
Explanation:
- The NSE (National Stock Exchange of India) is headquartered in Mumbai, Maharashtra.
- Mumbai is considered the financial capital of India and is home to several financial institutions, including the NSE and BSE (Bombay Stock Exchange).
- The NSE was established in 1992 and is one of the leading stock exchanges in India.
- It introduced electronic trading in India, making transactions faster and more transparent.
Information Booster:
The headquarters of major financial institutions in India:
1. SEBI (Securities and Exchange Board of India)
Headquarters: Mumbai, Maharashtra
Purpose: Regulates the securities and capital markets to protect investor interests.
2. IRDAI (Insurance Regulatory and Development Authority of India)
Headquarters: Hyderabad, Telangana
Purpose: Regulates and promotes the insurance and reinsurance industries in India.
3. SIDBI (Small Industries Development Bank of India)
Headquarters: Lucknow, Uttar Pradesh
Purpose: Promotes and finances Micro, Small, and Medium Enterprises (MSMEs).
4. NHB (National Housing Bank)
Headquarters: New Delhi
Purpose: Provides financial and other support to housing finance institutions and promotes housing finance in India.
5. NABARD (National Bank for Agriculture and Rural Development)
Headquarters: Mumbai, Maharashtra
Purpose: Provides credit and support for agriculture and rural development in India.