n NISM Certifications
VII NISM Series VII
Medium

SCSBs means _________.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Self Certified Syndicate Banks

    Correct answer

  2. B

    Self Certified System Banks

  3. C

    Self Certified Solvent Banks

  4. D

    None of the above

Why this is the answer

In ASBA, investors apply via SCSBs which block funds in the bank account for bidding in primary market issues.

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