BANKING AFFAIRS

Detailed explanation-1: -Q. Which of the following is the developmental activities of merchant banking? Notes: Sources of funds forever, expanding industry and trade, leaving a widening gap unbridged between supply and demand of investible funds are all developmental activities of merchant banking.

Detailed explanation-2: -A merchant bank is a financial institution that conducts underwriting, loan services, financial advising, and fundraising services for large corporations and high-net-worth individuals (HWNIs). Merchant banks specialize in international trade, providing services for multinational corporations.

Detailed explanation-3: -Q. The early growth of merchant banking in the country is assigned to the which of the following? Notes: The early growth of merchant banking in the country is assigned to Foreign Exchange Regulation Act, 1973.

Detailed explanation-4: -1. A merchant bank is a financial institution conducting money market activities and: a. Lending.

Detailed explanation-5: -Merchant banks help in processing loan applications for short and long-term credit from financial institutions. They provide these services by estimating total costs involved, developing a financial plan for the entire project, as well as adopting a loan application for commercial lenders.