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Question

NSDL and CSDL are the example of: -

A Depositories Correct Answer Incorrect Answer
B Stock Broker Correct Answer Incorrect Answer
C Stock Exchange Correct Answer Incorrect Answer
D Mutual Funds Correct Answer Incorrect Answer
E Clearing Houses Correct Answer Incorrect Answer

Solution

CDSL and NSDL are national share depositories incorporated by the markets regulator Securities and Exchange Board of India (SEBI). They hold your shares, debentures, mutual funds etc. NSDL is the depository for NSE and CDSL is BSE's depository. CDSL was established in 1999 and NSDL was established in 1996.

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