The main purpose of merchant banking is to contribute to the development of

A industry and commerce
B trade and investment
C capital market
D competitive market

Correct Answer: capital market

Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant".
Bissoy MCQ
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Related Questions

Two merchants each sell an article for Tk.1000. If Merchant a computes his profit on cost price, while Merchant B computer his profit on selling price, they end up making profits of 25% respectively. By how much is the profit made by Merchant B greater than that of Merchant A?
A Tk. 66.67
B Tk. 50
C Tk. 125
D Tk. 200
Two merchants sell, each an article for Tk. 1000. If Merchant A computer his profit on cost price, while Merchant B computes his profit on selling price, they end up making profits of 25% respectively. By how much is the profit made by Merchant B greater than that of Merchant A?
A 66.67
B 50
C 125
D 200
Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
A can never become green banks .
B can become green banks if they reduce the number of branches and eliminate the use of paper .
C can become green banks if they can greatly reduce or eliminate carbon footprint form their banking activities.
D can become green banks if they support local green initiatives
If a merchant offers a discount of 30% on the list price, then he/she makes a loss of 16% what % profit or loss will the merchant make if he/she sells at a discount of 10% of the list price?
A 6.25% loss
B 6% profit
C 0.8% loss
D 8% profit
A group of 10 people plan to contribute equally to pay for a friend's gift that costs G dollars. If n additional people want to contribute to pay for the gift, the required contribution per person will be reduced by how many dollars?
A Gn/(100+10n)
B (10+n)/Gn
C (10G + Gn)/n
D (Gn+10G)/Gn-10
When two main plates are kept in alignment butting each other and riveted with cover plate on both sides of the main plates with two rows of rivets in each main plate, the joint is known as ________ double cover butt joint.
A Single riveted
B Double riveted
C Multi riveted
D None of these
When two main plates are kept in alignment butting each other and riveted with cover plate on both sides of the main plates with two rows of rivets in each main plate, the joint is known as _______ double cover butt joint.
A Single riveted
B Double riveted
C Both (A) and (B)
D None of these
'The Merchant of Venice' is a Shakespearean play about----
A a Jew
B a Moor
C a Roman
D a Turk
The Merchant of Venice 'is written by
A Shakespeare
B Milton
C John Webater
D John Kyd
The "Merchant of Venice" Written by Shakespeare is ----
A a novel
B a short story
C a poem
D a drama

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