observation

1. Candidates were able to list the Securities traded in the Stock Exchange but some had      difficulties in the explanations.
               Stock:  These are fully paid shares fixed in nominal values without any distinguishing        numbers.  They cannot be sold in units but in fractional amounts.
               Bonds: Longterm securities issued by governments, companies and banks.  They carry       fixed rate of interest.  It is also referred to as debentures when issued by Companies.
               Gilt-edge Securities:   It is issued by governments and well known companies, usually       backed by substantial guarantee of payments of interest and capital.  It is         also  
               known as blue chips.  But the candidates separated Gilt-edge securities from blue chips.