Question : It refers to the market wherein securities are sold for the first time. Which of the following market is highlighted in the given statement?
Option 1: Money market
Option 2: Primary market
Option 3: Secondary market
Option 4: None of the above
Answer (1)
10th Jan, 2024
Correct Answer: Primary market
Solution :
Primary market refers to the market wherein securities are solved for the first time. It is also known as new issues market. Investors in the market are banks,financial institutions,mutual funds and individuals.
Hence, option B is correct.
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