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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-5

  • question_answer
    Many a time we see a term in newspapers 'IPO'. What is the full form of the same?

    A)  Indian Public Offer

    B)  Institutional Purchase   

    C)  Industrial Purchase Order

    D)  Indian Purchase Offer

    E)  Initial Public Offering

    Correct Answer: E

    Solution :

     IPO stands for Initial Public Offering. Also known as stock market launch, it is a type of public offering in which shares of stock in a company usually are sold to institutional investors that in turn sell to the general public, on a securities exchange, for the first time. The IPO process is known as going public.


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