GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The term ‘Merchant Banking’ denotes-
|
|
Telegraphic transfers effected by merchants
|
|
|
Catering to the needs of corporate customers raising finance
|
|
|
Services rendered by banks for merchants and traders capital requirements to merchants covered under DICGC Guarantee Scheme
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -A merchant bank is a firm that delivers advice to clients on monetary, administrative, commercial, and legal issues. They typically provide aid for large corporations with refinancing, foreign finance, and business loans. These banks are professionals in business operations with international corporations.
Detailed explanation-2: -Equity Underwriting. Large companies often employ the services of merchant banks in acquiring capital through the stock market. Credit Syndication. Merchant banks help in processing loan applications for short and long-term credit from financial institutions. Portfolio Management. 09-Dec-2022
There is 1 question to complete.