BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Account in which shares are held in electronic form
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Account opened with zero balance
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Account allowed to be operated by guardian of minor
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Account operated by business correspondents in rural centres.
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Detailed explanation-1: -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: -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.
Detailed explanation-3: -All of the Demat accounts in India are maintained by two depositories, namely National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
Detailed explanation-4: -The correct answer is Shareholders have to open this account to buy and sell shares. DEMAT account is also known as dematerialized account. Shares and securities which can be held in electronic format constitute the DEMAT account.