BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Securities Depository Limited
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National Securities Demanding Liability
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National Sample Depository Limited
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National Sample Driven Land
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Detailed explanation-1: -The full form of NSDL is National Securities Depository Limited. NSDL is a depository of Indian securities that stores digitally securities such as investor bonds, shares and debentures.
Detailed explanation-2: -The National Securities Depository Limited is a financial entity set up to hold securities in the form of tangible or non-physical certificates. It’s like a bank account system for securities like bonds and shares, in the form of either tangible or intangible certificates.
Detailed explanation-3: -Simply put, the NSDL allows traders and investors to open accounts, so their shares and securities can be held electronically. It is comparable to a bank, where customers open accounts to store their funds.