Question
The activities of the bank covering issue and
underwriting of shares and debentures for its clients are known as:Solution
Merchant bank is an institution that covers a wide range of activities such as underwriting of shares, portfolio management, project counselling, bankers to issue, credit syndication, insurance, etc. They render these services for a fee. Both commercial and investment banks may engage in merchant banking activities.
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If 80% of income of ‘P’ is equal to 50% of income of ‘Q’, then find the income of ‘P’ is how much percentage of income of ‘Q’.
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Person 'X' allocates 20% of his income to food. From the remaining amount, he spends 25% on education. Then, he uses 30% of what is left after food and ...
The ratio of income of two friends C and D is 4:5, respectively. The respective ratio of the expenditure on food and others by C is 5:9 and D spends Rs....
