Revan was the sole heir to the entire property of his grandfather. So, along with all other inheritance received by him, he also got some share certificates which he found to be of great value if sold. He decided to sell them now. Suggest him the market he should approach to sell the aforesaid inherited securities.

Secondary Market

The correct answer is option (4)- Secondary Market.

Revan should approach the secondary market to sell the inherited share certificates.

The Secondary Market is where previously issued securities, such as shares, bonds, and other financial instruments, are bought and sold. Since the share certificates that Revan inherited are already issued and have value, they can be sold in the secondary market, where investors trade securities after the initial issuance in the primary market.

The secondary market is also known as the stock market or stock exchange. It is a market for the purchase and sale of existing securities. It helps existing investors to disinvest and fresh investors to enter the market. It also provides liquidity and marketability to existing securities. It also contributes to economic growth by channelising funds towards the most productive investments through the process of disinvestment and reinvestment.