πŸ“Š Indian Economy
Q. What is meant by 'Underwriting', the term frequently used in financial sector? [Punjab & Sindh Bank 2011]
  • (A) Under valuation of the assets.
  • (B) The Act of taking on a risk for a fee.
  • (C) Giving a Guarantee that a loan will not become a bad loan.
  • (D) The act of permission to float an IPO.
πŸ’¬ Discuss
βœ… Correct Answer: (A) Under valuation of the assets.

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