Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Resource Mobilisation

Question:
A company, which issues shares, has to appoint one or more _________________, who act as Lead managers to the public issues.
Options:
Underwriter
Registrar
Merchant Banker
Broker
Correct Answer:
Merchant Banker
Explanation:
A company, which issues shares, has to appoint one or more Merchant Bankers, who act as Lead managers to the public issues.