Question : Which of the following statement is correct?
Statement 1: Secondary markets issue securities for the first time.
Statement 2: Primary market has no specified place.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Answer (1)
23rd Jan, 2024
Correct Answer: Statement 1 is false and statement 2 is true.
Solution : Primary market issued the security for the first time. In the secondary market there is no issuing of security rather trading of the already issued securities. Primary market has no specified place. Secondary market as a special and fixed place known as stock exchange.
Hence, option D is correct.
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