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    Question

    What does "intermediary" refer

    to______________ 
    A A person who only sells stocks and bonds Correct Answer Incorrect Answer
    B Any individual providing financial advice Correct Answer Incorrect Answer
    C Only registered banks and financial institutions Correct Answer Incorrect Answer
    D A financial service that operates online Correct Answer Incorrect Answer
    E A stock-brokers, share transfer agents, bankers to an issue, trustees, registrars, merchant bankers and registered associations in the securities market Correct Answer Incorrect Answer

    Solution

    Section 2. Definitions: (n) "intermediary" means: (i) a stock-broker, share transfer agent, banker to an issue, trustee to a trust deed, registrar to an issue, merchant banker, underwriter, portfolio manager, investment adviser or any other intermediary associated with securities market and registered under section 12 of the Securities and Exchange Board of India Act, 1992; or (ii) an association recognised or registered under the Forward Contracts (Regulation) Act, 1952 or any member of such association; or (iii) intermediary registered by the Pension Fund Regulatory and Development Authority; or (iv) a recognised stock exchange referred to in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956.  

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