GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with____
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Loans
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Capital Market
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Ponzi Schemes
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World Bank Grants
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Explanation:
Detailed explanation-1: -ASBA abbreviated as Application Supported by Blocked Amount is an IPO application process developed by SEBI. It is an application containing an authorization to block the application money in the bank account, for subscribing to an IPO issue. You cannot use the blocked amount for any purpose.
Detailed explanation-2: -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.
There is 1 question to complete.