Question : Which of the following statement is correct? Statement 1: Flotation cost refers to a temporary arrangement of finance that bridge the gap between the need of long term financer and to secure it. Statement 2: Bridge financing means the expenditure incurred in issuing a security.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Both are false
Solution : Floatation cost means the expenditure incurred in issuing a security. This expenditure is made in brokerage under-writing commission advertising etc. Bridge financing refers to temporary arrangement of finance that bridge the gap between the need of long term finance and to secure it.
Hence, option B is correct.
Question : Directions: In the following question, one / two statements are given, each followed by two conclusions, I and II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You
Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Pick up the correct word to be used to make the sentence coherent and grammatically correct.
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