NISM Series IX (Merchant Banking) Practice Questions - NISM-Series-IX Merchant Banking Certification Examination Exam

Primary market transactions involve the issuer directly, while secondary market transactions are between investors. Only institutional investors can participate in the primary market, whereas retail investors only use the secondary market. The secondary market is regulated by the Ministry of Finance, whereas the primary market is regulated by SEBI. Primary market securities are short-term, whereas secondary market securities are long-term.