Important Points for IC 26 - Life Insurance Finance Exam
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At the time of Independence, the Government of India established most of the core industries, where huge capital was required. For example SAIL, BHEL, ONGC, NTPC etc. were set up.
Following is the structure of the financial system in India: capital market, money market, insurance market, mutual funds, banking system.
Capital market is a place where companies (privately owned or Government owned) can raise money (capital).
When a company issues shares for the first time, it is done through the IPO process in the primary market.
Once the shares are listed, the trading (buying and selling) of shares happens through the secondary market.
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