Q59
Which among the following is not true with regard to merchant banker? 1. It can accept deposits. 2. It can advance loans. 3. It can do other banking activities. 4. It can be managed to a public issue. Select the correct answer:
A.
1, 2 and 3
AnswerB.
2, 3 and 4
C.
1, 3 and 4
D.
Both 2 and 4
Answer: Option A
Solution
Answer: Option A
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