Direction In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?
Assertion (A) Secondary market/stock market is the market for buying and selling securities of the existing companies.
Reason (R) Under this, securities are traded after being initially offered to the public in the primary market and/or listed on the stock exchange.
1
(A) is true, but (R) is false
2
Both (A) and (R) are true
3
(A) is false, but (R) is true
4
Both (A) and (R) are false