All About Demat Account Quiz

10 Questions | Total Attempts: 2674

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All About Demat Account Quiz - Quiz

Everything you know about the Demat account will be tested in this quiz. The dematerialized account number is important in the success of electronic transactions. For shareholders, a 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. Do 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 the 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

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