Question

What is a “Demat Account”?

A Account in which all debits are freeze Correct Answer Incorrect Answer
B Accounts those hold digital wallets Correct Answer Incorrect Answer
C Accounts in which shares and securities are held in electronic form Correct Answer Incorrect Answer
D Zero balance accounts opened under PMJDY Correct Answer Incorrect Answer
E Accounts opened exclusively for internet banking Correct Answer Incorrect Answer

Solution

Shares and securities are held electronically in a dematerialized (or "Demat") account, instead of the investor taking physical possession of certificates.

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