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Question
State the essential features of a stock exchange.
State the essential features of a stock exchange.
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Solution
Features of a stock exchange are as follows :
(i) It is an association of persons, whether incorparated or not.
(ii) It is an organised market for dealings in securities.
(iii) Only listed securities are purchased and sold.
(iv) It operates under rules and regulations.
Features of a stock exchange are as follows :
(i) It is an association of persons, whether incorparated or not.
(ii) It is an organised market for dealings in securities.
(iii) Only listed securities are purchased and sold.
(iv) It operates under rules and regulations.
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