Multiple Choice Questions

According to a circular released by SEBI in 2018 apart from ASBA process applicants can also apply ...........

Finance (RBI) Financial Institutions

A passage on Capital Market

) According to a circular released by SEBI in 2018, apart from ASBA process, applicants can also apply for an IPO through ________. (2 marks)

This questions was previously asked in

RBI Grade B Phase 2 Exam (2021)

UPI

NACH

IMPS

NEFT

NONE OF THE ABOVE

- The Securities and Exchange Board of India (SEBI) introduced alternative ways to apply for an IPO in a 2018 circular.

- Applicants could use the ASBA (Applications Supported by Blocked Amount) method.

- From 2018, SEBI also allowed the use of the UPI (Unified Payments Interface) for IPO applications.

- UPI is a real-time payment system that facilitates inter-bank transactions.

- NACH (National Automated Clearing House) deals with batch transactions and isn't typically used for IPOs.

- IMPS (Immediate Payment Service) is a real-time interbank payment system but not specified for IPO use in SEBI's guidelines.

- NEFT (National Electronic Funds Transfer) is a payment service but not generally used for IPO applications.

Based on SEBI's 2018 circular, the correct answer is:

Option 1: UPI

Submit Error