$2021$ January Semester Examination $($WEEKEND GROUP$)$

Course$-$ BUAD $827$ : Financial Market and Economic Development

INSTRUCTION: Answer any three $(3)$ questions

All questions carry equal marks. Time allowed: $2$ Hours

$($a$)$ What is stock exchange market? $(2$ marks$)$

$($b$)$ Discuss any four $(4)$ functions of the stock exchange market. $(8$ marks$)$

Explain five $(5)$ differences between primary and secondary markets? $(10$ marks$)$

$($a$)$ What is a financial asset? $(2$ marks$)$

$($b$)$ Financial assets can be categorised into four $(4)$ groups, discuss. $(8$ marks$)$

$($a$)$ What is a bond? $(2$ marks$)$

$($b$)$ Explain any four $(4)$ types of bonds. $(8$ marks$)$

$($a$)$ What is the difference between economic growth and economic development? $(2$ marks$)$

$($b$)$ Discuss any four $(4)$ characteristics of developing economies. $(8$ marks$)$