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Question : Which among the following statements is incorrect?

Option 1: The Industrial Securities Market is also known as a gilt-edged market.

Option 2: The secondary market is the market for the sale and purchase of previously issued securities.

Option 3: RBI plays a dominant role in the gilt-edged market through its 'Open Market Operations'.

Option 4: The primary market is also known as the new issue market.


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: The Industrial Securities Market is also known as a gilt-edged market.


Solution : The correct answer is The Industrial Securities Market is also known as a gilt-edged market.

High-grade investment bonds, known as gilt-edged securities, are made available to governments and big businesses as a means of raising capital. Usually, the issuing institutions have a solid track record of steady earnings that allow them to pay interest or dividends. These bonds are, in many respects, the safest alternatives to US Treasury securities.

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