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    Question

    When was the idea of the Social Security Exchange floated in India?

    A Union Budget 2019-20 Correct Answer Incorrect Answer
    B Union Budget 2020-21 Correct Answer Incorrect Answer
    C Union Budget 2018-19 Correct Answer Incorrect Answer
    D Finance Commission Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The idea of a social stock exchange (SSE) in India was first floated by the finance minister in her budget speech for the year 2019-20. The objective, as stated then, was to take capital markets to the masses; specifically, organizations working towards social welfare, in order to make it easier for them to raise funds. The SSE would come under the regulatory ambit of the Securities and Exchange Board of India (SEBI).

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