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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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