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Home Questions GUBXFJJXUE
Target Exam

CUET

Subject

Business Studies

Chapter

Financial Markets

Question:

Name the intermediary who is authorised to maintain the accounts of dematerialised shares :

Options:

Depository 

Depository Participant (DP) 

BSE - Bombay Stock Exchange 

RBI - Reserve Bank of India

Correct Answer:

Depository Participant (DP) 

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.

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