Q.Define Stock Exchange according to Hastings.

The Amsterdam Stock Exchange is the oldest stock exchange in the world — option (c).

A stock exchange is an organised market where securities such as shares, debentures and bonds are bought and sold. The very first such organised exchange was founded in Amsterdam in 1602 by the Dutch East India Company.

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Shares and debentures are traded on the stock exchange market, so the correct option is (b).

A stock exchange is a specifically organised market where existing securities such as shares, debentures and bonds are purchased and sold in a systematic, regulated way. It is the place where investors trade previously issued securities.

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A stock exchange is also called the security market; the answer is option (d).

A stock exchange is an organised secondary market that provides a place and mechanism for buying and selling already-issued securities — shares, debentures, bonds and government securities. Because it deals in securities, it is also known as the security market (or securities market).

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