The results of spectroscopic observations of 202 stellar objects, and photometric observations of 171, from the Second Byurakan Survey (SBS) are reported. The SBS sample has proved to be a rich source of newly identiÐed quasars, Seyfert-type galaxies, degenerate stars, and hot subdwarfs. In this subsample we have identiÐed 71 new QSOs ; one BL Lacertae object ; one Seyfert 1 galaxy ; one LINER ; one blue compact galaxy ; 31 white dwarfs (WDs), 25 of DA type and six of DB type ; 26 subdwarfs ; 11 horizontal-branch B-type, 11 normal/horizontal-branch, 18 G-type, and 11 F-type stars ; 10 objects with composite spectra ; two cataclysmic variables ; and six objects with continuous spectra. We present accurate positions, spectral classiÐcations, and magnitudes for all objects. The Ó. redshifts, equivalent widths, and spectra for QSOs and emission-line galaxies are given, as are some typical spectra for hot stars. The vast majority (63%) of stellar objects selected in the SBS turned out to be WDs (36%) and sdB subdwarfs (27%). Only D5%È7% of objects with B \ 16.4 and D13% with B D 17.0 were identiÐed as QSOs. In total, 470 QSOs and D500 hot stars were discovered in the course of the SBS. The lower limit on the surface density of bright QSOs in the redshift range 0.3 \ z \ 2.2 is no fewer than 0.06 deg~2 for B \ 17.0 and 0.13 deg~2 for B \ 17.5. The surface density of DA WDs is estimated to be 0.06 deg~2 for B \ 16.0 and 0.14 deg~2 for B \ 17.0.