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Question 22 of 25

Q.Explain the following term/concept in detail:
Stock Exchange

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2026Subjective· 2mImportance★★★★★
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A stock exchange is an organised, regulated marketplace where existing (already issued) securities — shares, debentures, bonds and government securities — are bought and sold.

A stock exchange forms the core of the secondary market. Unlike the primary market (where new securities are first issued), it deals in securities that are already in circulation, enabling investors to convert their holdings into cash and vice versa.

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