Q.Stock Exchanges are ______.

A stock exchange provides investor protection, a ready/continuous market and facilities for speculation, so all the options are correct — (d).

A stock exchange is an organised market for the purchase and sale of listed securities. Its important functions include: (i) providing a ready and continuous market so that investors can buy or sell securities easily; (ii) protecting the interest of investors by enforcing rules, regulations and fair trading practices with transparency in prices; and (iii) providing facilities for speculation, which adds liquidity and helps in smooth price discovery.

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