Key Points
Key Points: Concept of Financial Market
- Finance is managed as personal, corporate and public finance.
- Financial markets are a key part of the Indian financial system.
- Financial market deals in assets like bonds, stocks and government securities.
- It links surplus investors with deficit business enterprises.
- Main functions: channelising savings, price determination, liquidity and low transaction cost.
- Financial markets are divided into money market and capital market based on maturity.
