Chapter 17 test

Answered 0 of 25Pass mark 60%

Question 1 of 25

With effect from January 1, 2016, how must payment for an application in a public issue be made?

By a demand draft drawn in favour of the issuer and lodged at a collection bankOnly through the ASBA (Application Supported by Blocked Amount) facilityBy a cheque payable to the registrar to the issue, cleared before allotmentIn cash at the designated collection centre

Practice questions are based on the NISM Series X-A workbook (February 2025), updated for later SEBI/RBI changes up to November 2026. Always check the latest NISM syllabus before your exam. Video lessons on YouTube ↗