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 can be conducted from there
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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: -A Demat Account or Dematerialised Account provides the facility of holding shares and securities in an electronic format. During online trading, shares are bought and held in a Demat Account, thus, facilitating easy trade for the users.
Detailed explanation-2: -Answer» A. Accounts in which share of various companies are traded in electric form.
Detailed explanation-3: -DEMAT account is also known as dematerialized account. Shares and securities which can be held in electronic format constitute the DEMAT account. In India, DEMAT accounts are maintained by two depository organizations, National Security Depository Limited and Central Depository Services Limited.
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.