[Solved] Which of the following is the main advantage ―ASBA‖ with the applicants for share allotment?

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Q.	Which of the following is the main advantage ―ASBA‖ with the applicants for share allotment?
A.	ASBA applicant has got certain preference in allotment of shares as compared to general applicants
B.	ASBA applicants need not remit the fund for allotment of shares, he/she will do shares are allotment to him/her
C.	ASBA applicant has got secured allotment of shares
D.	ASBA applicants deposit/OD account is debited, only the funds are blocked for same and he/she continues to avail interest till the shares are allotted to him/her.
E.	None of these
Answer» D. ASBA applicants deposit/OD account is debited, only the funds are blocked for same and he/she continues to avail interest till the shares are allotted to him/her.

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