BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What are major functions undertaken by merchant bankers?
|
|
Issue management
|
|
|
Capital structuring/restructuring
|
|
|
Market maker in capital market
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -Merchant banker is a person who provides assistance for the subscription of securities. The merchant banker plays an important role and carries a lot of responsibilities like, private placement of securities, managing public issue of securities, stock broking, international financial advisory services, etc.
Detailed explanation-2: -Merchant banker is any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities as manager-consultant, advisor or rendering corporate advisory services in relation to such issue management in merchant banking.
There is 1 question to complete.