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      Question

      All securities held by a depository

      A shall be dematerialized. Correct Answer Incorrect Answer
      B shall be dematerialised and shall be in a fungible form. Correct Answer Incorrect Answer
      C Shall be in fungible form Correct Answer Incorrect Answer
      D Shall not be dematerialized but will be in fungible form Correct Answer Incorrect Answer
      E Shall be dematerialized but shall not be in fungible form Correct Answer Incorrect Answer

      Solution

      Section 9 of Depository Act - Securities in depositories to be in fungible form. 9. (1) All securities held by a depository shall be dematerialised and shall be in a fungible form.

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