WBCS.LIVE practice question

Which among the following statements is incorrect?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Industrial Securities Market is also known as the gilt-edged market.
  2. The secondary market is the market for the sale and purchase of previously issued securities.
  3. RBI plays a dominant role in the gilt-edged market through its ‘Open Market Operations’.
  4. The primary market is also known as the new issue market.

Correct answer and explanation

Correct answer: Industrial Securities Market is also known as the gilt-edged market.