wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is meant by Demat Account?

A
Demand Depository Account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Depository Participant Account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Development Market Account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Dematerialisation of of Securities
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is C Dematerialisation of of Securities
In India, shares and securities are held electronically in a dematerialized (Demat) account, instead of the investor taking physical possession of certificates. A Demat account is opened by the investor while registering with an investment broker (or sub-broker).

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Trading and Settlement
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon