The correct answer is Mumbai. National Stock Exchange of India Limited (NSE) is one of the major stock exchange of India which is located in Mumbai and was established in 1992. Important PointsIt is regarded as the first dematerialized electronic stock exchange in the country. NSE has kicked off a new initiative "NSE EMERGE" for Small and medium-sized enterprises (SME's) and Startups in India through this the companies can get listed on NSE without an Initial public offering (IPO). Vikram Limaye is Managing Director & Chief Executive Officer of the world's second largest stock exchange NSE. He is also ex MD and CEO of IDFC. The recommendations of the Pherwani committee laid the foundation of NSE,it was set with a varied shareholding consisting of domestic and global investors. NSE introduced India's first dedicated debt platform to deliver a liquid and transparent trading platform for debt related products in May,2013.