Question

    Which of the following correctly describes demat

    account?
    A An account of the GoI with RBI Correct Answer Incorrect Answer
    B A loan account of State Governments with NABARD Correct Answer Incorrect Answer
    C An account to hold securities in electronic form Correct Answer Incorrect Answer
    D An account every shareholder must maintain with SEBI Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A demat account is an account to hold financial securities in electronic form. In India, demat accounts are maintained by two depository organisations, National Securities Depository Limited and Central Depository Services Limited.

    Practice Next