BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Systematic transfer plans
|
|
|
Systematic investment plans
|
|
|
Hedge fund accounts
|
|
|
Applications Supported by Blocked Amount
|
Detailed explanation-1: -ASBA is stipulated by SEBI, and available from most of the banks operating in India. This allows the investors money to remain with the bank till the shares are allotted after the IPO. Only then does the money transfer out of the investors account to the company.
Detailed explanation-2: -SEBI defines a retail investor as an individual whose application or bid for securities or stocks does not exceed ₹ 2, 00, 000 in an IPO and doesn’t hold or buy stocks for a value of more than ₹2, 00, 000.
Detailed explanation-3: -ASBA process facilitates investors bidding with multiple options, to apply through Self Certified Syndicate Banks (SCSBs), in which the investors have bank accounts. SCSBs are those banks which satisfy the conditions laid by SEBI.
Detailed explanation-4: -General SEBI guidelines: The organisation must not get into legal contracts with a depository. The equity shares that are partly paid-up must be fully paid up. 50% of the Board of directors can be independent investors. Directors or promoters must not be guilty of the economic offence.