n NISM Certifications
VII NISM Series VII
Medium

SCSB stands for ________.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    SOCIAL CENTER SECURITY BANKS

  2. B

    SELF CERTIFIED SECURITISED BANKS

  3. C

    SYNDICATED CERTIFIED SECURITISED BANKS

  4. SELF CERTIFIED SYNDICATE BANKS

    Correct answer

Why this is the answer

ASBA (Application Supported by Blocked Amount) allows investors to bid at cut-off prices through SCSBs, which are banks authorized to block the application amount in investor accounts until allotment.

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NISM Series VII Mock Test 2