Rajiv was very thrilled when he got his first salary.he gave the entire
amount to his father his father advised him that the stock market is
bullish in nature ,and he should think of investing his money there
because there was a chance that his money will appreciate.he sought
advice from his friend, Shubham who was working in the broking house.
Surya explained to him that there are two markets through which he
can purchase shares.Now Rajiv was confused.
On the basis of information above Rajiv,answer the following questions;
(a)Advise Rajiv as to which market the stock exchange belongs to.
(b)Explain the first three steps involved in the working of the demat
system.
Answers
Answered by
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Answer:
(a) secondary market
(b) (i) Depository participants may be identified
(ii) The physical certificate is to be given to the DP along with
Answered by
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Secondary Market
Explanation
a)The stock exchange belongs to secondary market.
It means the market where the investors are buying or selling the securities which he knows earlier or know already.
b)Three steps that are involved in the working of the demat system are as follows:
- Chose a depository participants (DP).
- Attach all the required documents.
- Sign the contract with DP .
- Get your demat account number and open your account.
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