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Financial market is a market where financial transactions in the form of creation of financial assets such as initial issue of shres/debentures and/or exchange of financial assets such as purchase/sale of shares/debentures occur, 

(a) Name the two classification of financial market. 

(b) It is one of the constituents of either of the above two classifications of financial market through which funds are raised by issuing prospectus. Name it. 

(c) It is one of the constituents of either of two classifications of financial market, which provides liquidity and marketability to existing securities. Name it. 

(d) Identify the value emphasized in the functions performed by the financial market. 

1 Answer

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(a) (i) Money Market 

(ii) Capital Market 

(b) Primary Market 

(c) Secondary Market 

(d) Economic Growth

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