Multiple choice

Merchant bank mainly meant for

  1. agriculture sector

  2. industrial sector

  3. rural development

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Merchant banks primarily serve the industrial sector by providing services like underwriting, portfolio management, loan syndication, and corporate advisory. While they may work with other sectors, their main focus is industrial financing and corporate restructuring. Agriculture (A) is served by cooperative banks and rural banks. Rural development (C) is handled by regional rural banks.

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