NISM VI - LAST DAY REVISION TEST 1 - Unlocked

NISM SERIES VI – DEPOSITORY OPERATIONS
CERTIFICATION V.IMP LAST DAY REVISION EXAM 1
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LAST DAY REVISION EXAM 1
Question 1 A demat account for HUF can be opened with joint holders.
(a) FALSE
(b) TRUE
Question 2 Who can make an application for demat of securities.

(a) The Depository
(b) The DP
(c) The holder of the security
(d) The Stock Exchange
Correct Answer 1 FALSE
Answer A demat account for HUF cannot be opened with joint holders.
Explanation
Correct Answer 2 The holder of the security

Question 3 When there were physical shares, the proof of transfer was ________.
(a) The registered letter acknowledgement
(b) The endorsement on the physical share
(c) The sellers confirmation letter
(d) All of the above
Question 4 The Delivery Instruction (DI) slip may not contain the settlement number
for which the securities are being transferred to the clearing member
account.
(a) TRUE
(b) FALSE
Correct Answer 3 The endorsement on the physical share
Answer When physical shares are sent for transfer to the company, the company after
Explanation proper verification endorses on the back of the certificate and enters the buyers
name etc.
Answer The DI slip should contain the settlement number for which the securities are
Explanation being transferred to the clearing member account.
Question 5 When dividend cheques are sent to the share holders, its mandatory for
the issuer to print Bank A/c details as received from the Depository.
(a) TRUE
(b) FALSE
Question 6 A ___________ is required by a nominee to give effect to transmission of

shares.
(a) Recurring A/c
(b) Savings A/c with a nationalised bank
(c) Demat A/c
(d) Current A/c with any bank.
Correct Answer 5 TRUE
Correct Answer 6 Demat A/c

Question 7 The application for renewal of certificate of the Depository Participant

should be made through ____________.
(a) SEBI
(b) Stock Broker
(c) Depository
(d) Finance Ministry
Question 8 When a client makes a request for closure of accounts, DPs should
provide the SOT to the Client - what does SOT stand for ?
(a) Statement of Transaction
(b) Settlement of Transction
(c) Settlement of Trading
(d) Securities on Termination
Correct Answer 7 Depository
Correct Answer 8 Statement of Transaction
Answer If a client makes a request for closure of accounts, DPs should provide the
Explanation Statement of Transaction (SOT) to the Client for the period from the
beginning of the quarter in which the account is closed till the date of closure.
Question 9 A DP has to get an internal audit done of the depository operations on a

________ basis by a practicing chartered accountant or a
company secretary.
(a) Monthly
(b) Quaterly
(c) Half Yearly
(d) Yearly
Question 10 Beneficiary Owners account can be opened by RTA's.

(a) FALSE
(b) TRUE
Correct Answer 9 Half Yearly

Question 11 For all public issues in demat form, the company has to enter into an
agreement with any one of the depository.
(a) TRUE
(b) FALSE
Question 12 In NSDL, a pledgor can substitute the securities offered in a pledge

transaction.
(a) TRUE
(b) FALSE
Answer For all public issues in demat form, the company has to enter into an
Explanation agreement with ALL the depositories.
Answer In NSDL, a pledgor (borrower) can substitute the securities offered in a pledge
Explanation transaction, if the pledgee (lender) agrees to it.
Question 13 The ______________ is fully responsible for destruction, mutilation and

cancellation of certificates received and accepted by it for
dematerialization.
(a) Depository Participant (DP)
(b) Depository
(c) Issuer/R&T Agent
(d) Stock Broker
Question 14 The entire process of rematerialisation takes a maximum of 30 days.

(a) FALSE
(b) TRUE
Correct Answer 13 Issuer/R&T Agent

Question 15 When a Statement of Transaction (SOT) is given to a client on the closure

of his account, the DP has to mention the words __________ prominently
on this statement.
(a) ACCOUNT SUSPENDED
(b) ACCOUNT CLOSED
(c) ACCOUNT CANCELLED
(d) ACCOUNT DE-ACTIVATED
Question 16 If the third letter in an ISIN no. is 'B' then the security is a _______.
(a) Equity Share
(b) Mutual Fund Unit
(c) State Govt. Security
(d) Central Govt. Security
Correct Answer 15 ACCOUNT CLOSED
Correct Answer 16 State Govt. Security

Question 17 Account ______________ means suspending any further transaction from

a depository account.
(a) Suspension
(b) Cancellation
(c) Freezing
(d) Deactivation
Question 18 Brokers of stock exchanges that offer settlement through depository are
required to open a Beneficial Owner Account.
(a) TRUE
(b) FALSE
Correct Answer 17 Freezing
Answer Brokers of stock exchanges that offer settlement through depository are
Explanation required to open a 'clearing member account'
Question 19 The clearing system attached to the SEBI performs the function of
ascertaining the payin or payout.
(a) TRUE
(b) FALSE
Question 20 Obtaining PAN Card details of all the holders is compulsory for all
categories of demat account holder(s) apart from some exceptions.
(a) TRUE
(b) FALSE
Answer The clearing system attached to STOCK EXCHANGE performs the function
Explanation of ascertaining the payin or payout.

Question 21 The name of the account holder of a demat account can be changed by
making an application on a Rs 100 stamp paper.
(a) TRUE
(b) FALSE
Question 22 When a minor becomes a major, a fresh DP-Client agreement has to be

executed with the Client.
(a) FALSE
(b) TRUE
Answer The following changes can be done in an demat account :

Explanation - Standing instruction facility
- Address
- Occupation details
- Nominee details
- Bank details
- PAN Number details
-E-mail addresses
The names of the account holders however, cannot be changed after opening
of demat account.

Question 23 Separate DRFs have to be submitted for Free and locked-in securities.
(a) FALSE
(b) TRUE
Question 24 A client cannot make request for a change in signature in his DP account.
(a) TRUE
(b) FALSE
Answer Separate DRFs have to be submitted for:

Explanation ? Free and locked-in securities;
? Each ISIN;
? Securities locked-in for different reasons;
? Securities of different paid-up value; and
? For each client account.
Answer The Client can make a request in writing specifying reasons for change in
Explanation signature.
Question 25 Government has exempted stamp duty on transfer of securities in

dematerialized form.
(a) FALSE
(b) TRUE
Question 26 In case of transmission of shares to the successors, the successors express

their inability to produce the required documents and if the market
value of the securities held in each of the accounts of the deceased BO as
on the date of application for transmission is not more than Rs. _______ ,
DP may admit the request for transmission.
(a) Rs 50,000
(b) Rs 1 lakh
(c) Rs 2 lakhs
(d) Rs 5 lakhs
Correct Answer 26 Rs 5 lakhs

Question 27 Which of the below details should be mentioned on a Delivery Instruction

Slip (DI)
(a) Settlement Number
(b) Clearing Member
(c) Market Type
Question 28 HUF accounts can be opened with joint holders.

(a) TRUE
(b) FALSE
Correct Answer 27 All of the above
Answer HUF accounts cannot be opened with joint holders.

Explanation
Question 29 In CDSL, there are option(s) of ______________.

(a) early pay-in
(b) normal pay-in
(c) auto pay-in
Question 30 For Pledge, the pledgor and the pledgee must have a beneficial account
with the same depository as inter-depository pledge is presently not
permitted.
(a) TRUE
(b) FALSE

Question 31 The transaction statements can be sent to clients in electronic form if the clients
have agreed to it. In what way can this be done ?
(a) In email form with scanned signature
(b) In email form with digital signature
(c) Only in scanned form
Question 32 When appllying for shares in an IPO in demat form, the Client ID needs
to be filled up.
(a) TRUE
(b) FALSE
Correct Answer 31 In email form with digital signature
Answer The transaction statements can be provided electronically, provided an

Explanation agreement in the prescribed format has been executed with the clients for this
and adequate security measures have been taken.
SEBI allows the DP's to provide transaction statements and other documents
under Digital Signature, as governed under Information Technology Act, 2000
Answer The Client ID is a part of the Demat A/c no and needs to be filled up in the
Explanation IPO Apllication form.
The shares alloted in the IPO will be directly credited to the Demat A/c.
Question 33 An investor in government securities holding electronic balances in the

depositories SGL-2 account can convert them into physical certificates
by the process of rematerialisation.
(a) FALSE
(b) TRUE
Question 34 Voters ID cannot be accepted as an ID proof for opening Demat A/C.

True or False ?
(a) TRUE
(b) FALSE
Answer An investor in government securities holding electronic balances in the

Explanation depositories SGL-2 account can convert them into physical certificates by the
process of rematerialisation.
For this, an application has to be made to the depository, through the DP, in
the Rematerialisation Request Form (RRF-GS).
On receipt of the RRF-GS, the DP checks the form for completeness,
correctness and validity and also sees if sufficient free balance is available. If
the form is found to be in order and there is sufficient balance, the DP accepts
the RRF-GS and intimates the request to the depository.
Answer The foll ID proofs are accepted for Opening a Demat Account : Passport,
Explanation Voter ID Card, Driving license, PAN card with photograph.
Also Identity card/document with applicant’s Photo, issued by a) Central/State
Government and its Departments, b) Statutory/Regulatory Authorities, c)
Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public
Financial Institutions, f) Colleges affiliated to Universities, g) Professional
Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and h)
Credit cards/Debit cards issued by Banks are accepted.
Question 35 As per the bye laws of Depository, an application to become a DP should

contain the business history of the applicant of atleast 5 years.
(a) TRUE
(b) FALSE
Question 36 Of the below, which trades are not settled through off market route ?
(a) Derivative deals on a stock exchange
(b) Deals between a client and a sub broker
(c) Deals between two institutions
(d) Deals in debt instruments
Answer The applicant should furnish information and details of its business history for
Explanation a minimum period of THREE years or from the date of its inception, if less
than three years.
Correct Answer 36 Derivative deals on a stock exchange
Answer In Derivatives trading, there is no delivery of securities involved. So there is

Explanation no off market transfer of securities.
Question 37 Nominations can be made by individuals for Beneficiary Accounts held

jointly.
(a) FALSE
(b) TRUE
Question 38 Corporate Actions affect only the ________ of the securities.

(a) Borrower
(b) Beneficial Owner
(c) Depository Participant
(d) All of the Above
Answer Nomination can be made only by individuals holding beneficiary owner accounts on their
Explanation own behalf singly or jointly. .
Correct Answer 38 Beneficial Owner
Answer Corporate actions affect the beneficial owners ie. the holders of the securities.
Explanation
Question 39 A Demat Requisition Form ie. DRF can be rejected by a Registrar and
Transfer agent if __________________.
(a) The signatures in their records do not match with that on DRF
(b) The securities to be Dematted are not attached with DRF
(c) The ISIN number of the security is wrongly mentioned
(d) All of the above.
Question 40 Who are required to give Inter-settlement Instructions to the Participants

for securities lying within a same Clearing Member account but in
different settlement pocket.
(a) RBI
(b) NSDL
(c) Clearing Members
(d) Clearing Corporation
Correct Answer 39 All of the above.
Correct Answer 40 Clearing Members

Question 41 A DP can collect Rent and Taxes on behalf of a Commodity Exchange.

(a) TRUE
(b) FALSE
Question 42 Identify the incorrect bracketed portion of the sentence: (Accounts

opened) (under agreement with DPs) shall hold (electronic
warehouse receipts)(along with other securities).
(a) Alongwith other securities
(b) Accounts opened
(c) Agreement with DPs
(d) Electronic warehouse re-ceipts
Answer DPs may make their own business/contractual agreement with the commodity
Explanation exchanges/warehouse owners, as they deem fit, including terms and conditions
related to collection of rent, etc.
If DPs are required to collect any charges/tax/rent on behalf of commodity
exchange / warehouse, DPs may have to ensure that such function has
adequate legal basis.
Correct Answer 42 Alongwith other securities

Question 43 In case where a state or the central government is the issuer, the
depository reconciles the records of the dematerialised securities with
the statement provided by the RBI on a ________ basis
(a) Hourly
(b) Daily
(c) Weekly
(d) Monthly
Question 44 It is possible for investors to transpose names of the joint holders

alongwith the process of dematerialisation through their DPs
(a) TRUE
(b) FALSE
Correct Answer 43 Daily
Answer The process of effecting changes in the order of joint names appearing on a
Explanation security certificate is called Transposition
Question 45 Where there is an objection from any member of the HUF, transmission
of securities held in the beneficial owner account should be effected only
on the basis of a Decree by a competent Court or the Deed of Partition.
(a) TRUE
(b) FALSE
Question 46 In case of Government Securities, The DP must ensure that changes in the
beneficial owner's accounts, such as change in bank details, change of
address, etc., are updated well in advance of the ___________.
(a) due date of interest payment
(b) shut Period
(c) redemption payment due date

Question 47 When an application is made to transfer Government Securities (G-Secs)

in SGL form to Depository account, the clients signature on the DRF-GS
need be verified wit that on the account opening form.
(a) FALSE
(b) TRUE
Question 48 The pledgor gives the Pledge closure request to _________.

(a) Depository
(b) Depository Participant
(c) Pledgee
(d) SEBI
Correct Answer 48 Depository Participant
Answer Steps for Pledge closure procedure :

Explanation 1.Pledgor repays the loan to Pledgee
2. Pledgor gives a Pledge Closure request to his DP
3. Pledgor's DP forwards the request to Depository
4. The Depository forwards this request to Pledgee's DP
5. The Pledgee's DP confirms with the Pledgee with a Pledgee Closure
Confirmtion Form
6. This is intimated to Depository and the Pledgor's DP
7. Pledgor's DP intimates about this to the Pledgor.
Question 49 The depositoryâ€™s G-Sec cell rejects the dematerialisation requests in

case ________ rejects the transfer on account of signature mismatch.
(a) SEBI
(b) RBI
(c) NSDL/CDSL
(d) Depository Participant
Question 50 There are two Depositories in India that provides all the Depository
services.
(a) FALSE
(b) TRUE
Correct Answer 49 RBI
Answer The depository’s G-Sec cell also rejects the dematerialisation requests in case
Explanation RBI rejects the transfer on account of signature mismatch or in case the
signatories are not registered with RBI.
Answer The two Depositories are NSDL and CDSL.

Explanation
Question 51 For the requests of rematerialisation, which of the following are definitely
required ?
(a) The request has to be made by the beneficial owner
(b) There has to be sufficient balance of securities in the account
(c) Both 1 and 2
(d) None of the above
Question 52 Its the duty of the depository to announce the record date for every
corporate action.
(a) FALSE
(b) TRUE
Correct Answer 51 Both 1 and 2
Answer Rematerialisation is the process of issuing physical securities in place of the

Explanation securities held electronically in the book-entry form with the depository. Is
basically reverse of dematerialisation.
A beneficial owner holding securities with a depository can get his electronic
holding converted into physical holding at any time. The owner should make a
request to the Issuer or its R&T Agent through his DP in the prescribed
Rematerialisation Request Form (RRF).
On receipt of RRF, the DP checks whether sufficient free /lock-in balance of
the securities sought to be rematerialised is available in the account of the
client. If sufficient balance is available, the DP accepts the RRF and
communicates the request to the depository through the DP system.
Answer The issuer ie. the company determines and announces the record date for the
Explanation corporate actions like dividend, bonus issues etc.
Question 53 The aggregate value of the securities of the beneficial owners, held in
dematerialized form through a stockbroker DP, cannot be more than ___
times the net worth of the stockbroker.
(a) 30
(b) 50
(c) 70
(d) 100
Question 54 State True or False - The process of Clearing Corporation transferring

the securities to the broker's settlement-account for the quantity of
securities purchased by them on behalf of their clients is known as 'pay-
in'.
(a) TRUE
(b) FALSE
Correct Answer 53 100
Answer It is known as PAY OUT.

Explanation
Question 55 An investor has to compulsorily fill in the Bank details when filling up the
IPO application form.
(a) TRUE
(b) FALSE
Question 56 The documents have to be sent to ___________, if the shares are in

physical form.
(a) SEBI
(b) the Stock Exchange in which the share is traded
(c) the company
(d) NSDL or CDSL
Answer The Bank Alc details are not needed as the DP will capture these details from
Explanation the Demat account of the applicant.
Correct Answer 56 the company

Question 57 A nomination, substitution shall be invalid if the details of the securities

entered in the nomination forms does not match those in the records of
the Participant.
(a) TRUE
(b) FALSE
Question 58 The details of Nomination and Date of Birth are required only of _______
.
(a) Clearing Members Account
(b) Corporate Account
(c) Individual Owner Account
(d) None of this
Answer The Client(s) may make a nomination of his/their account in favour of any
Explanation person by filing with the relevant Participant.
A nomination, substitution shall be valid only if:
• it is submitted to the Participant by the rightful Client(s).The nomination
form has to be signed by all holders. A POA holder cannot nominate.
• it is in the prescribed format (format is given by the depository to the
participant).
• it is duly signed by Client(s).
• it is properly signed and witnessed.
• signature of the Client(s) tally with the specimen signature records.
• the details of the securities entered in the nomination forms match those in
the records of the Participant. CDSL Nomination form does not have provision
for mentioning securities. Nomination is applicable to entire holding.
• the photograph of the Nominee is annexed to the nomination form.
• the Nominee has signed the nomination form and guardian in case of the
nominee being a minor.
Correct Answer 58 Individual Owner Account

Question 59 For dematerialization of Govt. securities the investor has to fill up

__________.
(a) WIG - GS
(b) DIP - GS
(c) DRF - GS
(d) GID - GS
Question 60 The Client-Participant agreement is a standard agreement and is

approved by
(a) Depositories
(b) SEBI
(c) Stock Exchange
(d) Stock Brokers
Correct Answer 59 DRF – GS
Answer Remember - Demat request form for dematerializing government securities is

Explanation different and is called "DRF - GS".
Correct Answer 60 SEBI

Question 61 Nomination be made by individuals for Beneficiary accounts held jointly

or singly.
(a) TRUE
(b) FALSE
Question 62 A certificate of registration is valid for a period of five years from the date
of application.
(a) TRUE
(b) FALSE
Answer Remember - the certificate is valid for 5 years from the date of ISSUE and not
Explanation application.
Question 63 Incidents of theft, forgery etc have increased due to the introduction of
depository system in India.
(a) TRUE
(b) FALSE
Question 64 In case of Rematerialisation request, the R&T has to complete the process
in ____ days.
(a) 15
(b) 20
(c) 30
(d) 31
Answer With the introduction of depository system in India the problem of theft,
Explanation forgery, mutilation of certificates etc. has been completely eradicated.
Correct Answer 64 30
Answer R&T Agent undertakes that the dematerialization and rematerialisation

Explanation requests are processed within 15 and 30 days respectively.
However, the period may be relaxed by the depositories in case of bulk
dematerialization requests
Question 65 At the time of delivery of warehouse receipts, client initiates a remat

request through the DP using the __________ .
(a) Physical Delivery Request Form (PDRF).
(b) Special Delivery Request Form (SDRF)
(c) Demat Request Form â€“ Warehouse Receipt (DRF-WR)
(d) Either 1 or 2
Question 66 Companies should mandatorily print the ____________ details furnished

by the Depositories on the dividend cheques.
(a) The broker code thro' whom the shares were bought
(b) The bank a/c details of the share holder
(c) The ISIN No. of the company
Correct Answer 65 Physical Delivery Request Form (PDRF).
Answer Remember its - Physical Delivery Request Form (PDRF)

Explanation
Correct Answer 66 The bank a/c details of the share holder

Question 67 In case of Commodity Exchanges - Accounts opened under the agreement

shall hold only electronic warehouse receipts and cannot be mixed up
with securities.
(a) FALSE
(b) TRUE
Question 68 As per PMLA, records of services need to be preserved for _______ years
(a) 1 year
(b) 5 years
(c) 10 years
(d) 25 years
Answer Since the legal status of warehouse receipts is different from that of securities,
Explanation it is necessary for DPs to enter into a separate agreement with
members/investors, seeking to open a demat account for the purpose of
holding and dealing in electronic warehouse receipts.
Correct Answer 68 10 years

Question 69 Each debt security has a unique identification called IPIN.

(a) TRUE
(b) FALSE
Question 70 If the pledgor fails to discharge his obligations under the agreement of
pledge or for any other reason, the pledgee may invoke the pledge as per
the pledge agreement, Bye-Laws of the depository and SEBI regulations.
(a) TRUE
(b) FALSE
Answer Each debt security has a unique identification called ISIN.

Explanation

Answer If the Pledgor ie. the borrower fails to discharge his obligations, the Pledgee
Explanation ie. lender can claim the ownership of the concerned securities as per the terms
of pledge, the bye laws of Depository and Sebi rules.
Question 71 Dated securities have a maturity period of ___________ .

(a) Less than one year
(b) More than one year
(c) Between six months to one year
(d) Usually more than 5 years
Question 72 The Facility for unilateral closure (Unpledge) of Pledge by the Pledgee has
also been provided by the depositories.
(a) FALSE
(b) TRUE
Correct Answer 71 More than one year
Answer Dated Securities have a maturity period of more than one year. Treasury Bills
Explanation have a maturity period of up to one year.
Answer The Facility for unilateral closure (Unpledge) of Pledge by the Pledgee has
Explanation also been provided by the depositories. In this case, the pledgee submits an
instruction in the prescribed form to its DP to initiate unilateral closure of
pledge / hypothecation.
Question 73 Corporate benefit(s) like _____________ are accrued to the pledger.

(a) Bonus Shares
(b) Rights Shares
(c) Dividends
Question 74 Before commencing operations, depositories should obtain a certificate of

registration and a certificate of commencement of business from ______ .
(a) SEBI
(b) RBI
(c) Stock Exchanges
(d) Major stake holders of the depositories
Answer Ownership of the pledged securities remains with the pledgor (borrower) ie.
Explanation the person who has taken a loan and given his securities as a pledge - until the
pledge is invoked.
Hence, all corporate benefits - cash and non-cash - like dividends, bonus,
rights etc., will accrue to the borrower.
Correct Answer 74 SEBI

Question 75 In case of IPO, when does the Depository credit the shares to the allottees
account.
(a) On the Allotment Date
(b) On the Execution Date
(c) On the Record Date
(d) On the Book Closure date
Correct Answer 75 On the Execution Date
Answer On allotment, the Issuer / its R&T agent provides the details of successful
Explanation allottees to the depository and the execution date when the securities should be
credited to the beneficial owners accounts.
Practice Question Banks also available for :
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NISM SERIES VI – DEPOSITORY OPERATIONS

CERTIFICATION V.IMP LAST DAY REVISION EXAM 1

LAST DAY REVISION EXAM 1

Question 2 Who can make an application for demat of securities.

Correct Answer 1 FALSE

Correct Answer 2 The holder of the security

Correct Answer 3 The endorsement on the physical share

Correct Answer 4 FALSE

Question 6 A ___________ is required by a nominee to give effect to transmission of

Correct Answer 5 TRUE

Correct Answer 6 Demat A/c

Question 7 The application for renewal of certificate of the Depository Participant

Correct Answer 7 Depository

Correct Answer 8 Statement of Transaction

Question 9 A DP has to get an internal audit done of the depository operations on a

Question 10 Beneficiary Owners account can be opened by RTA's.

Correct Answer 9 Half Yearly

Correct Answer 10 FALSE

Question 12 In NSDL, a pledgor can substitute the securities offered in a pledge

Correct Answer 11 FALSE

Correct Answer 12 TRUE

Question 13 The ______________ is fully responsible for destruction, mutilation and

Question 14 The entire process of rematerialisation takes a maximum of 30 days.

Correct Answer 13 Issuer/R&T Agent

Correct Answer 14 TRUE

Question 15 When a Statement of Transaction (SOT) is given to a client on the closure

Correct Answer 15 ACCOUNT CLOSED

Correct Answer 16 State Govt. Security

Question 17 Account ______________ means suspending any further transaction from

Correct Answer 17 Freezing

Correct Answer 18 FALSE

Correct Answer 19 FALSE

Correct Answer 20 TRUE

Question 22 When a minor becomes a major, a fresh DP-Client agreement has to be

Correct Answer 21 FALSE

Answer The following changes can be done in an demat account :

Correct Answer 22 TRUE

Correct Answer 23 TRUE

Answer Separate DRFs have to be submitted for:

Correct Answer 24 FALSE

Question 25 Government has exempted stamp duty on transfer of securities in

Question 26 In case of transmission of shares to the successors, the successors express

Correct Answer 25 TRUE

Correct Answer 26 Rs 5 lakhs

Question 27 Which of the below details should be mentioned on a Delivery Instruction

Question 28 HUF accounts can be opened with joint holders.

Correct Answer 27 All of the above

Correct Answer 28 FALSE

Answer HUF accounts cannot be opened with joint holders.

Question 29 In CDSL, there are option(s) of ______________.

Correct Answer 29 All of the above

Correct Answer 30 TRUE

Correct Answer 31 In email form with digital signature

Answer The transaction statements can be provided electronically, provided an

Correct Answer 32 TRUE

Question 33 An investor in government securities holding electronic balances in the

Question 34 Voters ID cannot be accepted as an ID proof for opening Demat A/C.

Correct Answer 33 TRUE

Answer An investor in government securities holding electronic balances in the

Correct Answer 34 FALSE

Question 35 As per the bye laws of Depository, an application to become a DP should

Correct Answer 35 FALSE

Correct Answer 36 Derivative deals on a stock exchange