Question

    Which of the following is not a secondary market

    instrument?
    A Debentures Correct Answer Incorrect Answer
    B Preference shares. Correct Answer Incorrect Answer
    C Qualified institutional placement Correct Answer Incorrect Answer
    D Equity Correct Answer Incorrect Answer

    Solution

    • A secondary market is a platform wherein the shares of companies are traded among investors. • Examples of fixed income securities are – debentures, bonds, and preference shares. • Examples of variable income instruments are – equity and derivatives.

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