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SSC CHSL 2023 PYQ — Question 35

SSC CHSL - 09 March 2023 - Shift 1 • General Awareness • Q35

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Which among the following statements is incorrect?

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. Industrial Securities Market is also known as gilt-edged market.

  • The Industrial Securities Market and Gilt-edged Market are two different markets.

  • The gilt-edged market deals with government-issued bonds and securities that are considered very safe, hence the term "gilt-edged."

  • In contrast, the Industrial Securities Market involves trading shares and bonds of industrial companies.

  • Therefore, the Industrial Securities Market is not called the gilt-edged market.

  • Other options are correct as the secondary market deals with previously issued securities, the primary market is also called the new issue market, and RBI plays a key role in the gilt-edged market through Open Market Operations.

Explanation of other options

  • The secondary market is where previously issued securities are bought and sold, which is true.

  • The RBI plays a dominant role in the gilt-edged market through its Open Market Operations, which is correct.

  • The primary market is also known as the new issue market, which is accurate.

  • Hence, Option 1 is incorrect, while the rest of the options are correct.