JAIIB · IEIFS · Chapter 32

Capital Markets and Stock Exchanges

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.

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Q

What is Mutual Fund AUM?

A

is ~₹68 lakh crore and demat accounts have crossed ~16 crore.

Q

Stage of life — Split 1 / Split 2?

A

Split 1: Primary Market (new issue); Split 2: Secondary Market (listed trading)

Q

Class of security — Split 1 / Split 2?

A

Split 1: Equity / Hybrid; Split 2: Debt

Q

Place of trade — Split 1 / Split 2?

A

Split 1: Exchange-traded (NSE / BSE); Split 2: Over-the-Counter (OTC) — wholesale debt

Q

Domestic / Offshore — Split 1 / Split 2?

A

Split 1: Domestic (INR-listed); Split 2: Offshore — GDR / ADR / Masala / India INX (USD)

Q

Initial Public Offer (IPO) — Description / Issuer / Buyer / Regulation?

A

Description: First-time public offering by an unlisted company; Issuer: Unlisted Co.; Buyer: Public (Retail + NII + QIB + Anchor); Regulation: SEBI ICDR 2018

Q

Follow-on Public Offer (FPO) — Description / Issuer / Buyer / Regulation?

A

Description: Subsequent public offering by an already-listed company; Issuer: Listed Co.; Buyer: Public; Regulation: SEBI ICDR 2018

Q

Offer for Sale (OFS) — Description / Issuer / Buyer / Regulation?

A

Description: Promoter / large shareholder sells listed shares via exchange; Issuer: Listed Co.'s promoter; Buyer: Public + Inst.; Regulation: SEBI Circular 2012 (revised 2024)

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