Practicing Success
What is the purpose of Demat account? |
For holding shares in dematerialised form. For holding shares in Physical Form. For trading in shares For depositing money for share trading. |
For holding shares in dematerialised form. |
The correct answer is Option (1) - For holding shares in dematerialised form. Demat Account is short for dematerialisation account and makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away the hassles of physical handling and maintenance of paper shares and related documents. |