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    Question

    Which of the following best describes the primary

    purpose of the ASBA process?
    A To ensure equitable distribution of shares in oversubscribed IPOs. Correct Answer Incorrect Answer
    B To streamline the process of applying for IPOs and other public issues. Correct Answer Incorrect Answer
    C To minimize the risk of fraudulent applications in public issues. Correct Answer Incorrect Answer
    D To facilitate immediate refund of application money in case of non-allotment. Correct Answer Incorrect Answer
    E To enable investors to earn interest on their application money until allotment. Correct Answer Incorrect Answer

    Solution

     The ASBA system's 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.

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