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.
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