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Indian Fiscal System Questions and Answers for Competitive Exams

Q.

What is “book-building”?

[A] Preparing the income and expenditure ledgers of a company (book-keeping)
[B] Manipulating the profit and loss statements of a company
[C] A process of inviting subscriptions to a public offer of securities, essentially through a tendering process
[D] Publishers’ activity

Answer & Explanation

Answer: Option [C]

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