Question

State any two types of markets on the basis of subject of exchange.

Answer 1

On the basis of the subject of exchange, two types of markets are:

1. Commodity Market: This is an organised market in which commodities (such as cotton and cloth) are bought and sold in accordance with established norms and regulations.
2. Capital Market: This is a specialised market that provides long-term financing to businesses. It includes specialised financial organisations, stock exchanges, investment trusts, and insurance businesses.