A) Applications Supported by Blocked Amount
B) Applications Supported by Bank Amount
C) Applications Sustained by Bank Amount
D) Applications Sustained by Blocked Amount
E) None of these
Correct Answer: A
Solution :
ASBA (Applications Sup- ported by Blocked Amount) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.You need to login to perform this action.
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