Question : In which year was the first Exchange-traded Index Derivative Contract traded on the Bombay Stock Exchange (BSE)?
Option 1: 2000
Option 2: 1994
Option 3: 1991
Option 4: 2004
Correct Answer: 2000
Solution : The correct answer is 2000
On June 9, 2000, the Bombay Stock Exchange (BSE) made history by offering the first Exchange-traded Index Derivative Contract on the BSE Sensex, the country's capital market benchmark index. The Prominent SEBI member and committee head who developed the derivatives market's risk containment strategies, Prof. J. R. Varma, officiated the first trade.
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