Previous Year Question
In Uttar Pradesh, recognized Stock Exchange is at—
A.
Lucknow
B.
Kanpur
C.
Varanasi
D.
Ghaziabad
Correct Answer: A
Detailed Solution
The recognised Stock Exchange of Uttar Pradesh was the Uttar Pradesh Stock Exchange Association Limited (UPSE), whose Registered Office was located at Civil Lines, Kanpur.
UPSE was established in 1982 and operated as a recognised stock exchange under the Securities Contracts (Regulation) Act, 1956.
Current status: This fact is now correct only in its historical context. SEBI granted exit to Uttar Pradesh Stock Exchange Limited on 9 June 2015. Therefore, UPSE no longer operates in Kanpur as a recognised operational stock exchange.