Question : Which of the following statement is correct?
Statement 1: The first important features of a primary market is that it is related with the old issues.
Statement 2: Whenever a company issues new shares or devantiorities known as initial public offer.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Statement 1 is false and statement 2 is true.
Solution : The first important feature of the prime in market is that it is related with the new issues. Primary market is related with the new issue market. Whenever company shoes new shares or devices known as initial public offer.
Hence, option D is correct.
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