[Solved] What is meant by 'Underwriting', the term frequently used in financial sector? [Punjab & Sindh Bank 2011]

Q.	What is meant by 'Underwriting', the term frequently used in financial sector? [Punjab & Sindh Bank 2011]
A.	Under valuation of the assets.
B.	The Act of taking on a risk for a fee.
C.	Giving a Guarantee that a loan will not become a bad loan.
D.	The act of permission to float an IPO.
Answer» A. Under valuation of the assets.

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