Accountancy Part AAccounting for Shares

Applications Supported by Blocked Amount (ASBA) is a process develope…

Applications Supported by Blocked Amount (ASBA) is a process developed by ..............to apply for subscribing to IPOs and Rights Issue etc. of securities.

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → Securities and Exchange Board of India (SEBI)

NCERT (2026-27 edition):
Applications Supported by Blocked Amount (ASBA) – “… ASBA is a process developed by Securities and Exchange Board of India (SEBI)to apply for subscribing to IPOs and Rights Issue etc. of securities.”