wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

OTCEI was set up to provide ________ and ________ companies an access to the capital market for raising finance in a cost effective manner.

A
large, medium
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
small, medium
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
small, large
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
none of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A small, medium
OTCEI was incorporated in 1990 as a Section 25 company under the Companies Act 1956. It is a recognized stock exchange under Section 4 of the Securities Contracts Regulation Act, 1956.
It was set up to provide small and medium companies an access to capital market for raising finance in a cost effective manner. It also provides the investors with a convenient, transparent and efficient avenue for capital market investment.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Capital Market
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon