Multiple choice

Which Foreign country' s Stock Exchange would acquire 5% stake in Multi Commodity Exchange of India (MCX)?

  1. Nikkei

  2. NYSE ( Note: New York Stock Exchange)

  3. HangSeng

  4. NASDAQ

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NYSE (New York Stock Exchange) acquired a 5% stake in Multi Commodity Exchange (MCX) in 2008. This was part of MCX's strategy to bring in foreign expertise and global best practices. NYSE Euronext invested around Rs 150 crore for this stake.