3. Write short notes on the following:
(a) Listing of a security on a stock exchange
(b) Insurable business risk
(c) Warehousing
(d) Development Bank
4. What is channel of distribution? Discuss various factors which influence the choice of channel of distribution.
5. (a) What is stock exchange? Explain its various functions.
(b) “There is no difference between money market and capital market”. Comment upon the statement.

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