New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the revised SEBI Circular, when are

    employees now required to place their bids for OFS?
    A On T+1 day at the cut-off price of T+1 day Correct Answer Incorrect Answer
    B On T Day at any price Correct Answer Incorrect Answer
    C On T+1 day at the cut-off price of T Day Correct Answer Incorrect Answer
    D On T+2 day at the average price Correct Answer Incorrect Answer
    E On T Day at the market price Correct Answer Incorrect Answer

    Solution

    The updated procedure requires employees to place bids on T+1 day at the cut-off price of T Day, based on feedback and discussions in SEBI's Secondary Market Advisory Committee.

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