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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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