Concept:A stock exchange is a market where securities are bought and sold, and it belongs to the capital market.
Explanation:The capital market deals in long-term financial instruments such as shares, bonds, and debentures.
The stock exchange provides an organised platform for trading these long-term securities.
Its key participants include investors, brokers, and listed companies.
Other capital market institutions include development banks, pension funds, merchant banks, insurance companies, and issuing houses.
Since the stock exchange handles long-term securities, it cannot be classified under the labour market, money market, or commodity market.
The money market, by contrast, deals with short-term borrowing and lending, while the commodity market trades physical goods.
Thus, the stock exchange is clearly an example of the capital market.
Answer:D. capital market