n NISM Certifications
VII NISM Series VII
Medium

In which markets did SEBI introduce the ASBA facility? A. Derivatives Market, B. Debt Public Issue Market, C. Equity IPO Market

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A and B

  2. B

    A and C

  3. B and C

    Correct answer

  4. D

    All A, B and C

Why this is the answer

ASBA allows investors to block funds in their account for public issues or debt issues until allotment. It is not applicable for derivatives.

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