Question
Which of the following statements about the primary
market is/are correct? 1)The primary market is where new securities are issued and sold for the first time. 2)Trading in the primary market is done through exchanges like the BSE and NSE in India. 3)It is also called the new issue market.Solution
Statement 1 is correct as the primary market is where new securities are issued and sold for the first time. Statement 2 is incorrect as trading in the primary market.
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