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Business Studies

Dematerialisation and Depository

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Question

At present only two depositories are registered with SEBI _____.

A

NSDL and HDFC

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B

NSDL and CDSL

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C

NSDL and ABSL

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D

NEFT and TDS

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Solution

The correct option is B NSDL and CDSL
One is the National Securities Depository Limited (NSDL) and the other is the Central Depository Service (India) Limited (CDSL). Every Depository Participant (DP) needs to be registered under this Depository before it begins its operation or trade in the market.

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