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
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B
small, medium
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C
small, large
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D
none of the above
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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.