BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Zero Balance Accounts
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Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business
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Accounts in which shares of various companies are traded in electronic form
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Accounts which are operated through internet banking facility
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Detailed explanation-1: -What is a demat account? A demat account helps investors hold shares and securities in an electronic format. This kind of account is also called a dematerialised account. It also helps to keep proper track of all the investments an individual makes in shares, exchange-traded funds, bonds, and mutual funds in one place.
Detailed explanation-2: -Demat Account is short for dematerialisation account and makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away the hassles of physical handling and maintenance of paper shares and related documents.
Detailed explanation-3: -What is demat account? A Demat account is used to store financial securities in the Dematerialised form. It is used to securely hold and trade shares in the Demat form. There are two main depositories in India that provide Demat account services-CDSL and NSDL.
Detailed explanation-4: -A depository is an organisation which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a registered Depository Participant. It also provides services related to transactions in securities. 2.