Merchant banks shall not associate with any business other than that of the securities market.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False

Explanation:

Detailed explanation-1: -Q. Which of the following is true about merchant bank? Notes: Merchant bank underwrites securities for corporations, advices clients on mergers and get involves in in ownership of commercial ventures.

Detailed explanation-2: -CHAPTER III: GENERAL OBLIGATIONS AND RESPONSIBILITIES 13A. Merchant banker not to associate with any business other than that of the securities market.

Detailed explanation-3: -Investment banks conduct trade finance activities while merchant banks take part in international finance and underwriting activities.

Detailed explanation-4: -Merchant banks specialize in international trade, providing services for multinational corporations. Unlike retail or commercial banks, merchant banks do not provide financial services to the general public.

There is 1 question to complete.