Depository
Understand depositories in India, their functions, NSDL and CDSL, Depository Participants, legal framework and dematerialisation of securities for UPSC Prelims.
Understand depositories in India, their functions, NSDL and CDSL, Depository Participants, legal framework and dematerialisation of securities for UPSC Prelims.
Understand the Secondary Market, its meaning, features, types, benefits and limitations, including stock exchanges, OTC market, liquidity, price discovery and its difference from the Primary Market for UPSC Prelims.
Understand the Primary Market or New Issue Market, its working, benefits and methods of raising funds such as IPO, FPO, Rights Issue, Private Placement, Preferential Issue and QIP for UPSC Prelims.
Understand derivatives, their meaning, underlying assets, futures, forwards, options and swaps, and their uses in hedging, speculation, arbitrage and price discovery for UPSC Prelims.
Understand debentures, their meaning, features and types, including secured, unsecured, convertible, non-convertible and redeemable debentures, and their difference from bonds for UPSC Prelims.
Understand bonds, their characteristics and types, bond price and interest rate relationship, bond yield, coupon payments and the difference between bonds and debentures for UPSC Prelims.
Understand shares, their meaning, features, ways investors earn from shares, and the difference between equity and preference shares, including voting rights under the Companies Act, 2013 for UPSC Prelims.
Learn about Infrastructure Investment Trusts (InvITs) in India, including their meaning, structure, SEBI regulation, investment rules, taxation, benefits and role in infrastructure financing for UPSC.
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