All About Demat Account Quiz
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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!
- 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
Questions: 10 | Attempts: 882 | Last updated: Mar 21, 2022
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