BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Legal aspect
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Banking policies
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To the investors
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Corporate dynamics
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Detailed explanation-1: -The Merchant banker shall ensure compulsory market making through the stock brokers of SME exchange in the manner specified by the Board in chapter XB, for a minimum period of three years from the date of listing of specified securities on SME exchange.
Detailed explanation-2: -Merchants store goods and engage in marketing, order processing, customer service, and technical assistance. Merchants are responsible for many tasks, including keeping inventory, purchasing the items needed for the shop, overseeing financial information, and promoting products.
Detailed explanation-3: -(b) “banker to an issue” means a scheduled bank carrying on all or any of the following issue related activities namely:-( i) acceptance of application and application monies; (ii) acceptance of allotment or call monies; (iii) refund of application monies; (iv) payment of dividend or interest warrants.
Detailed explanation-4: -Merchant Bankers(MB) assist their clients in fund raising by way of issue of a debenture, shares, bank loans, etc.