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    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.

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