Question

Stock exchanges BSE and NSE have designated _____ trading platforms as Qualified Stock Brokers (QSBs) with effect from July 1, 2023. 

A 15 Correct Answer Incorrect Answer
B 16 Correct Answer Incorrect Answer
C 18 Correct Answer Incorrect Answer
D 20 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Stock exchanges BSE and NSE have designated 15 trading platforms as Qualified Stock Brokers (QSBs) with effect from July 1, 2023. These shortlisted stock brokers are required to meet enhanced obligations and discharge additional responsibilities.Some of the notable stock brokers in the QSB list are Zerodha Broking, 5Paisa Capital, HDFC Securities, IIFL Securities, ICICI Securities, Motilal Financial Services, Kotak Securities, and Sharekhan among others.  Other designated QSBs are - Angle One, Anand Rathi Share & Stock Brokers, Global Capital Market, Jainam Broking, Nextbillion Wealth and Investment, and RKSV Securities India which is operated under the brand Upstox.

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