Question

    Which mechanism has SEBI proposed for secondary market trading that is similar to the ASBA facility?

    A Direct Transfer Correct Answer Incorrect Answer
    B UPI-based Block Mechanism Correct Answer Incorrect Answer
    C RTGS Transfer Correct Answer Incorrect Answer
    D NEFT Settlement Correct Answer Incorrect Answer
    E Digital Wallet System Correct Answer Incorrect Answer

    Solution

    SEBI proposed a UPI-based Block Mechanism for secondary market trading, similar to the ASBA (Application Supported by Blocked Amount) facility, to enhance security and ease of transactions.

    Practice Next

    Relevant for Exams: