Question

The first stock exchange instrumental in bringing the dematerialisation of trading in india is

Answer 1

National Stock Exchange of India (NSE).

The first stock exchange instrumental in bringing the dematerialisation of trading in India is National Stock Exchange of India (NSE).

The process of converting physical shares into electronic format is called as dematerialisation. NSE was created after the 1991 economic reforms and it transformed the trading system of India and digitized the stock market of India.

Answer 2

The National Stock Exchange of India is the first stock exchange instrumental in bringing the dematerialization of trading in India.  

Explanation:

• The process of dematerialization changed the scenario of the Indian markets. It was a process used for converting the physical shares into electronic form.  

• The national stock exchange was the national repository for these electronic securities.  

• This helped in electronic trading by the companies and it reduced different forms of fraud and insecurities by the brokers and the companies.  

• It has helped the Indian companies to trade in the global markets and sell their products and services.