n NISM Certifications
VII NISM Series VII
Medium

Self-Certified Syndicate Banks are those banks which satisfy the conditions laid down by Exchanges.

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

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

A Self-Certified Syndicate Bank (SCSB) is recognized by SEBI as capable of providing ASBA services to its customers. Their names appear on SEBI, NSE, and BSE websites. All IPO applications under ASBA must be submitted only at these specified branches.

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