ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CENTRAL DEPOSITORY SERVICES LIMITED
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CENTRAL DEPOSITORY SECURITIES LIMITED
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CENTRAL DEMATERIALISED SECURITIES LIMITED
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NONE OF THE ABOVE
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Detailed explanation-1: -CDSL-Central Depository Services (India) Limited.
Detailed explanation-2: -Central Depository Services Ltd., or CDSL as it is better known, is a central securities depository in India. It is a financial organization that serves as a godown for securities, shares and other tradable market instruments.
Detailed explanation-3: -Central Depositories Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) are both government registered share depositories in India.
Detailed explanation-4: -CDSL was promoted by BSE Ltd. jointly with leading banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank and Union Bank of India.
Detailed explanation-5: -CDSL started operations in Mumbai in 1999 and is the second-largest depository in the country after NSDL.