Answer 1

Sr	Points	PRIMARY MARKET	SECONDARY MARKET
1	Meaning	The market is utilized for raising fresh capital in the form of shares and debentures.	It is a market where existing securities are resold or traded.
2	Function	The function is to raise long term funds through fresh issue of securities.	The function is to provide continuous and ready market for existing long term securities.
3	Participants	The participants are financial institutions, mutual fund, under writer, individual investor.	The participants of primary market as well as the stock brokers and the members of the stock exchange are the participants.
4	Listing Requirements	Listing is not required in the case of primary market.	Only listed securities can be dealt in the secondary market.
5	Determinants of Prices	The prices are determined by the management of the corporate houses with due compliances with the SEBI requirements for new issue of securities.	in case of secondary market the prices are determined by forces of demand and supply in the market and they keep on fluctuating.