Auction of TIPS security is classified as

A. premium bid auction

B. discount bid auction

C. multiple bid auction

D. One bid auction

Answer: Option D

Solution(By Examveda Team)

Auction of TIPS security is classified as one bid auction. Bidding is competitively offering a price that the bidder or the person offering a bid is willing to pay for a commodity this commodity can be anything, cars, bikes, properties, etc. The price offered is called a bid, the person offering the price is called the bidder and the entire phenomenon is known as bidding.