What is investment banking?
Investment banking includes a wide variety of activities,
including underwriting, selling, and trading securities,
providing financial advisory services, and managing assets.
Investment banks cater to a diverse group of stakeholders –
companies, governments, non-profit institutions, and
individuals – and help them raise funds on the capital
market. They perform the following major functions for their
customers:
• Serve as trading intermediaries for clients
• Lend and invest banks’ assets
• Provide advice on mergers, acquisitions, and other
financial transactions
• Research and develop opinions on securities, markets, and
economies
• Issue, buy, sell, and trade stocks and bonds
• Manage investment portfolios
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If Cost of goods sold is Rs.80,700, Opening stock Rs.5,800 and Closing stock Rs.6,000. Then the amount of purchase will be (a) Rs.80,500 (b) Rs.74,900 (c) Rs.74,700 (d) Rs.80,900.
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Genpect Interview
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