Depository Participants MCQ : Multiple Choice questions and Answers

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Financial Market MCQ

This Depository Participants MCQ will help you to score more marks in your upcoming exams

Multiple Choice questions and Answers

1. A depository is:

  1. An electronic transfer through dematerialization
  2. A fixed deposit in a bank
  3. A transfer of physical securities
  4. Surveillance on price manipulation

Answer :- An electronic transfer through dematerialization

2. Depositories Act was enacted in the year:

  1. 1993
  2. 1994
  3. 1995
  4. 1996

Answer :- 1996

3. First depository in india is called:

  1. Central depository services India Ltd. (CDSL)
  2. National securities depository Ltd. (NSDL)
  3. Stock Holding Corporation of India Ltd. (SHCIL)
  4. State of India depository services Ltd.

Answer :- National securities depository Ltd. (NSDL)

4. Second depository in india is called:

  1. Central depository services India Ltd. (CDSL)
  2. National securities depository Ltd. (NSDL)
  3. Stock Holding Corporation of India Ltd. (SHCIL)
  4. State of India depository services Ltd.

Answer :-  Central depository services India Ltd. (CDSL)

5. NSDL is established in the year:

  1. 8 Aug’ 1993
  2. 8 Aug’1994
  3. 8 Aug’1995
  4. 8 Aug’1996

Answer :- 8 Aug’1996

6. CDSL is established in the year:

  1. Feb’ 1996
  2. Feb’ 1997
  3. Feb’ 1998
  4. Feb’ 1999

Answer :- Feb’ 1999

7. NDSL stands for:

  1. National Depository Services Ltd.
  2. National Derivatives Services Ltd.
  3. National Deposit System Ltd
  4. National Derivatives Services Ltd

Answer :- National Depository Services Ltd.

8. CDSL stands for:

  1. Central Depository Services Ltd.
  2. Central Derivatives Services Ltd.
  3. Central Deposit System Ltd
  4. Central Derivatives Services Ltd

Answer :- Central Depository Services Ltd.

9. Rolling settlement was introduced in which year:

  1. Dec, 31 2001
  2. Dec, 31 2002
  3. Dec, 31 2003
  4. Dec, 31 2008

Answer :- Dec, 31 2001

10. Present Rolling settlement period in stock Market is:

  1. T+ 5
  2. T+ 3
  3. T+2
  4. T+ 20

Answer :- T+2

11. The present rolling settlements cycle T+2 is introduced in:

  1. 1st April, 2001
  2. 1st April, 2002
  3. 1st April, 2003
  4. 1st April, 2004

Answer :- 1st April, 2003

12. Depository is the link between the listed companies and the:

  1. Stock Exchange
  2. Shareholders (Owners)
  3. Government
  4. Depository participants

Answer :- Shareholders (Owners)

13. Depository participants are the link between the depositories and the:

  1. Stock Exchange
  2. Shareholders (Owners)
  3. Government
  4. Depository participants

Answer :- Shareholders (Owners)

14. Depository participants are also called:

  1. Brokers
  2. Jobbers
  3. Traders
  4. Speculators

Answer :- Brokers

15. A depository is an institution which transfers the ownership of securities in:

  1. Electronic mode
  2. Artificial mode
  3. Paper mode
  4. None of these

Answer :- Electronic mode

16. Which one of the following statements is true?

  1. Depository system reduces time for transfer for transfer of securities.
  2. Depository system leads to online system.
  3. A depository transfers the ownership of securities in electronic mode.
  4. All of the above

Answer :- All of the above

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