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What role did managing agency houses play in the evolution of merchant banking in India?a)They were responsible for eliminating the need for merchant banking.b)They acted as intermediaries for investment, promoting new enterprises, and providing financial assistance.c)They focused on stock broking and trading in securities.d)They specialized in underwriting capital issues.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What role did managing agency houses play in the evolution of merchant banking in India?a)They were responsible for eliminating the need for merchant banking.b)They acted as intermediaries for investment, promoting new enterprises, and providing financial assistance.c)They focused on stock broking and trading in securities.d)They specialized in underwriting capital issues.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What role did managing agency houses play in the evolution of merchant banking in India?a)They were responsible for eliminating the need for merchant banking.b)They acted as intermediaries for investment, promoting new enterprises, and providing financial assistance.c)They focused on stock broking and trading in securities.d)They specialized in underwriting capital issues.Correct answer is option 'B'. Can you explain this answer?.

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