All About Demat Account

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All About Demat Account

The dematerialized account number is important in the success of electronic transactions. For shareholders, demat account is needed to access profits earned. With internet and transaction passwords obtained, transfers as well as buying of securities is a walk over. You think you are a business guru? Let's see!


Questions and Answers
  • 1. 
    The use of a demat account protects one from the following except 
    • A. 

      Loss on account of mutilation

    • B. 

      Loss on account of fraud

    • C. 

      Loss on account of theft

    • D. 

      Loss on account of fire

  • 2. 
    Delivery failures can be caused by all of the following except 
    • A. 

      Long distance

    • B. 

      Postal delay

    • C. 

      Signature mismatch

    • D. 

      Loss of certificate

  • 3. 
    Which of these is unavoidable for a demat account holder?
    • A. 

      Stock certificates 

    • B. 

      Filling up of transfer deeds

    • C. 

      Stamp duty

    • D. 

      High transaction cost

  • 4. 
    As of March 2016, how many depository participants were registered with SEBI?
    • A. 

      940

    • B. 

      932

    • C. 

      891

    • D. 

      538

  • 5. 
    What is the role of banks in dematerialization process?
    • A. 

      They maintain accounts by NSDL

    • B. 

      The update accounts of investors

    • C. 

      They maintain accounts by CDSL

    • D. 

      They act as intermediaries

  • 6. 
    How many forms of charges are recorded for demat accounts?
    • A. 

      Two main charges

    • B. 

      Five main charges

    • C. 

      Three main charges

    • D. 

      Four main charges

  • 7. 
    Concerning charges on a demat account which of these is odd?
    • A. 

      Custodian fee

    • B. 

      Legal protection fee

    • C. 

      Annual maintain fee

    • D. 

      Account opening fee

  • 8. 
    All of these banks do not charge account opening fee save for 
    • A. 

      ICICI Bank

    • B. 

      AXIS Bank

    • C. 

      HDFC Bank

    • D. 

      International Merchant Bank

  • 9. 
    Which of these document is not  required for opening demat account?
    • A. 

      Aadhar card

    • B. 

      Income Tax Return

    • C. 

      Date of birth certificate

    • D. 

      Address Proof

  • 10. 
    When did the use of demat accounts start in India?
    • A. 

      1992

    • B. 

      1995

    • C. 

      1996

    • D. 

      1997