Question

Which of the following best describes the primary purpose of the ASBA process?

Q: Answer-Which of the following best describes the primary purpose of the ASBA process?

The ASBA systems primary goal is to simplify the application process for public issues by eliminating the need for physical cheques and reducing paperwork. It also offers other advantages, but its core purpose is to enhance efficiency.

A To ensure equitable distribution of shares in oversubscribed IPOs.

B To streamline the process of applying for IPOs and other public issues.

C To minimize the risk of fraudulent applications in public issues.

D To facilitate immediate refund of application money in case of non-allotment.

E To enable investors to earn interest on their application money until allotment.

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Which of the following best describes the primary purpose of the ASBA process?

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