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A listed company has 2 million shares outstanding at Rs 50 each. What is its market capitalization?
ARs 10 lakh
BRs 1 crore
CRs 25 lakh
DRs 50 lakh
Answer & Solution
Correct answer: B. Rs 1 crore
Market capitalization equals share price times outstanding shares, so 50 x 2,000,000 is Rs 10,000,000 (1 crore).
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