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Second-tier Securities Market differ from the First-tier Securities Market in that the former is?

Commerce
JAMB 2011

Second-tier Securities Market differ from the First-tier Securities Market in that the former is?

  • A. highly restricted
  • B. regulated by the SEC
  • C. regulated by the NIPC
  • D. less restricted
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Correct Answer: Option D
Explanation

The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. The First-Tier markets are for well established large scale. companies.

 A second-tier security market is a market where securities of companies that cannot be traded in the first-tier security market are quoted. It is for smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts