Briefly explain the meaning of:

(a) Money Market, (b) Capital Market. and (c) New Issue Market.

Mention the sources from which companies may raise long-term finance. Distinguish between investment companies and investment trusts as sources of long-term finance.

What is meant by private placement of shares? Is private placement possible for debentures also?

Is it compulsory to seek the consent of the Controller of Capital Issues before offering shares and debentures to the public? What are the conditions to be fulfilled if a company wants to issue debentures to the public?

What do you understand by the term development bank? State the functions of two all-India development banks.

State briefly the functions of the Unit Trust of India.

What is a leasing company? How can a company secure long-term finance through a leasing company? What do you understand by 'sale and lease back'?

What is meant by 'Underwriting' of shares and debentures? How does it help. companies in raising Long-term finance? Discuss briefly the terms and conditions relating to underwriting of shares and debentures?

Write explanatory notes on the following; a) Retained profits as a source of long-term finance. b) Foreign sources of long-term finance. c) Restrictions on investment in shares by non-resident Indians?