Commerce Paper 2, Nov/Dec. 2011  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments

Question 5
  1. List and explain five types of Securities traded in the Stock Exchange.




  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.


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