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Q2. primary markets contributes direct in capital formation as funds flows from savers to investors who further direct funds into most productive venture leading to capital formation and economic growth.
secondary markets indirectly contributes to capital formation as it only encashes the securities therefore providing liquidity to the securities.
Q3. The procedure given in the ncert book in the same answer for the given question
secondary markets indirectly contributes to capital formation as it only encashes the securities therefore providing liquidity to the securities.
Q3. The procedure given in the ncert book in the same answer for the given question