GK
BANKING AWARENESS AND SEBI
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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 operatedthrough internet bankingfacility
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Accounts in which shares ofvarious companies are tradedin electronic form
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Accounts which are opened tofacilitate repayment of a loantaken from the bank. No otherbusiness can be conductedfrom there
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Detailed explanation-1: -Demat account is also known as a Dematerialized account. The primary use of Demat account is to hold shares and securities in an electronic format. It helps you in online trading like buying or selling shares, or converting physical shares into electronic form.
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 demat account is a repository, a storage space, whereas a trading account is an interface to transact. Trading account: It helps you buy and sell shares in the stock market. Demat account: It acts as a repository to store the shares you buy in digital format.