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      Question

      A Foreign Portfolio Investor (FPI) needs to register in

      India with SEBI. A DDP grants the certificate to the FPI, on behalf of SEBI. What does DDP stand for?
      A Designated Depository Participant Correct Answer Incorrect Answer
      B Dedicated Depository Participant Correct Answer Incorrect Answer
      C Direct Depository Participant Correct Answer Incorrect Answer
      D Delegated Depository Participant Correct Answer Incorrect Answer
      E Defined Depository Participant Correct Answer Incorrect Answer

      Solution

      A Designated Depository Participant (DDP) in India is a SEBI-approved intermediary (like a bank or custodian) that helps to receive and process FPI registration applications and grant registration as an FPI, on behalf of SEBI.

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