Question
ASBA is an important mechanism in the IPO process to
prevent refunding in case of unsuccessful allotment. What is the full form of ASBA?Solution
Applications Supported by Blocked Amount (ASBA) is a method developed by SEBI to block the funds for Initial Public Offer (IPO), Rights issue, Follow-on Public Offer (FPO) etc., applications. In ASBA, an IPO applicant's bank account doesn't get debited until they receive the allotment of shares
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A shopkeeper offers a discount of 10% on the marked price and still makes a profit of 20% on the cost price. If the marked price of an article is Rs 600...
If by selling an article for Rs. 480 a shopkeeper gains 20%, find its cost. Â
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