New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    To start investing in the Indian stock market, which of

    the following financial accounts is mandatory?
    A Savings bank account Correct Answer Incorrect Answer
    B Trading account Correct Answer Incorrect Answer
    C Demat account Correct Answer Incorrect Answer
    D Both (b) and (c) Correct Answer Incorrect Answer
    E All (a), (b), and (c) Correct Answer Incorrect Answer

    Solution

    A Trading account is used to buy/sell securities, and a Demat account holds shares electronically. Savings account is not mandatory for stock trading but is needed for fund settlement.

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