State whether the following statements are true or false.

1. A stock exchange is a reliable barometer to measure the economic condition of a country.
Ans:- True

2. Bombay Stock Exchange is the oldest stock exchange in India. 
Ans:- True

3. A broker is a dealer in stock exchange who carries on trading of securities in his own name.
Ans:- False

4. Bear is a speculator who expects the prices of shares rise in the future.
Ans:- False