Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Financial Markets

Question:
It serves as an intermediary between the investor and the depository who is authorised to maintain the accounts of dematerialized shares. Which of the following institution is being referred to?
Options:
Depository participant
Depository
Stock exchange
None of the above
Correct Answer:
Depository participant
Explanation:
The depository participant (DP) serves as an intermediary between the investor and the Depository (NSDL or CSDL) who is authorised to maintain the accounts of dematerialised shares.