Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET3 Marks
Question
Write a short note on secondary market or stock exchange.
✓
Answer
Secondary market $($Stock exchange$):$
The secondary market is the market in which securities such as shares $($stock$),$ bonds, etc. which were originally issued in the primary market can be purchased and sold $($traded/exchanged$).$ The secondary market is also called the stock exchange.
Thus, stock exchange is an organization which enables share brokers and investors to buy and sell shares, debentures and other securities. It is an organized market for trading of existing securities.
According to K. L. Garg, “Stock exchange means a place for buying and selling industrial and financial securities like shares and debentures of a company, government securities, municipal securities.”
The oldest and first stock exchange of India was formed on $9th$ July, $1875$ as a “The native share and stock brokers’ Association”. Today, it is known as Bombay Stock Exchange.
Ahmedabad Stock Exchange started in $1894.$
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.