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    Question

    Which of the following statement/s is/are NOT correct

    about role of a stock exchange? i. Liquidity and marketability to existing securities ii. Price determination of securities iii. Reducing counterparty risk and safety of transaction iv Providing scope of speculation
    A Only ii Correct Answer Incorrect Answer
    B Only iii Correct Answer Incorrect Answer
    C Only iv Correct Answer Incorrect Answer
    D Only ii and iv Correct Answer Incorrect Answer
    E All the above are correct Correct Answer Incorrect Answer

    Solution

    Certain degree of healthy speculation is necessary to ensure liquidity and price continuity in the market.

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