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Question : It refers to the market wherein securities are sold for the first time. Which of the following market is highlighted in the given statement?

Option 1: Money market

Option 2: Primary market

Option 3: Secondary market

Option 4: None of the above

 


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 10th Jan, 2024

Correct Answer: Primary market


Solution :
Primary market refers to the market wherein securities are solved for the first time. It is also known as new issues market. Investors in the market are banks,financial institutions,mutual funds and individuals.

Hence, option B is correct.

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