Chapter QUESTION A

In an economy an
active secondary
market promotes the 1
growth of primary
market and capital
formation:
1
Money Lenders in India
is a part of organized 0
Money Market. This
1 statement is:
In India a financial All of these
1 market consists of :
Stock Exchanges,
Brokers, Institutional
investors are important 0
players in primary
market. This statement
is:
1
Out of the following, Ensure that no investor
which one is NOT an incurs loss.
1 objective of SEBI?
Primary market is used
by an issuer for raising
fresh amount from the
investors and includes 1
issuance of shares
under Right Issue. The
statement is:
1
 Indigenous Money
Lenders in India is a
part of organized 0
Money Market. The
statement is:
1
Regulatory powers in
respect of contracts for
sale/purchase of gold- RBI
securities is vested
with:
1
Which one is not a part Share Splits
1 of primary market?
SEBI has the powers to
register and regulate all
security market
intermediaries and also 1
penalize the
intermediaries for any
breach of terms. The
statement is:
1

The responsibility of
regulating securities
market is shared by
SEBI, RBI, Department
of Economic Affairs 1
(DEA) and Ministry of
Corporate Affairs
(MCA). The statement
is:
1
1 NISM stands for National Institute of
Securities Markets
1 SEBI stands for Securities
Entertainment Boardf
India
1 One of the following is RTA
not a Capital Market
Intermediary
1 The SEBI Act, 1992 vests Regulating Commercial
SEBI with statutory Banks
powers for,
1 The orders of SEBI Securities Appellate
under the securities Tribunal
laws are appealable
before
1 The SEBI Act and the RBI
Depositories Act are
mostly administered by
1 Who has powers to SEBI
register and regulate all
market intermediaries
in the securities market
and also penalise them.

2 The trading and Companies Act 2013

settlement process of
securities in electronic
form is streamlined by
 On account of
dematerialization of
equity shares the
problems on account of 0
theft, loss in transit,
mutilation etc. has
slightly gone up. The
statement is:
2
Registration of DP is SEBI
2 given by :
Normally banks
stipulate minimum
balance or MAB in
Savings Accounts. What NIL
is the minimum
security balance to be
maintained in a DP
A/c?
2
As per the current
regulations, Net worth Rs.100 crore
of a Depository should
2 not be less than:
In India, we have ….. Two
2 Depositories
 In respect of securities
held in demat form,
Registered Owners are
the Depositories and 1
Beneficial Owners are
the investors. The
statement is:
2
Depositories indemnify
the BO for the wrong DP
2 actions of :

Both SEBI regulations

and PMLA, 2002
requires every True
depository to maintain
records for a minimum
period of 5 years.

2
2 The depositories Brokers
provide their services to
the security holder(s)
through their agents
called
2 Securities in Flexibility
dematerialised form are
not identified by
distinctive numbers and
certificate numbers as
in the physical
environment. This is
called as

2 In the depository Security Holder

system, the ownership
of securities
dematerialised is vested
with

2 In demateriialised Benefitial Owner

Securities the Issuer
company will be called
as
2 All the rights,duties and Benefitial Owner
liabilities in the
underlying
dematerialised security
will belong to the

2 Transfer of shares held Physical Transfer

in dematerialised form
takes place freely
through
2 Depository is a public SEBI
limitted company
obtained its Certificate
of Registration from

2 If a Stock Exchange is a 25 Percent

sponsor for any
Depository it cannot
hold more than ----------
percent of the paid up
equity share capital of
the Depository

2 Agreement between Depository

Depository and issuer
Company is NOT
necessary if the issuer is

2 Abroker can also 0

function as a Depository
Participant

2 In a Depository, no 10%
single participant (other
than the promoters)
can hold more than……..
of the equity holdings.
 Issuer/ RTA confirms
and issues physical 30 days
certificates within:
3
All parties are expected
to resolve the 21 days ( NSDL) & 30
grievances within: days ( CDSL)
3

Stock brokers are

permitted to become a True
DP of both NSDL and
CDSL:
3

An Agreement between
a depository, issuer and Tripartite Agreement
RTA is called as:
3
The primary
connectivity between a Leased line or V-Sat
3 depository and a DP is:
A Depository has to
forward the Application
received from a 30 days
proposed DP to SEBI
within :
3
A bank sponsored DP
has to be registered SEBI
3 with:
In a DP account there is
no balance. In such Can continue
3 cases, the account:
 Depositories indemnify
the BOs for any loss 1
caused due to
negligence of DP.
3

If a DP account has no
transaction and nil Annually.
balance, the statement
is to be sent to the BO:
3

Any change in R&T

Agents by an issuer is Depository
to be approved by:
3

For continuation of
registration, DP has to
pay the specified 3 months prior
fee………… expiry of the
block for which the fee
has been paid.
3
A stock broker – DP
with net worth of Rs. 3
crores in demat 300
accounts with him can
hold a maximum value
of Rs …….. crores:
3
 The Certificate of
Registration initially 5
issued for a DP is valid
for …… years.
3
The working of DP is
guided by the Depository
agreement by DP with:
3
3 DP is registered with: SEBI
A DP intending to
terminate its services
has to communicate 30 days
the same before …..
days
3
Reconciliation of
transactions entered by EOD – every day(Daily)
3 a DP is done at :
Securities that can be
held in demat form All of these
3 includes:
After modifying the
name of the account Intimate the client
holder in the system on along with updated
account of an error on Client Master Report
the part of the DP, DP
has to:
3
The relationship An agreement between
between the DPs and the DP and
the Depositories is Depositories under
3 governed by : Depositories Act
 In case there is no
transaction, the CAS
with holding details is Half yearly basis
to be sent to the
investor on :
3

In addition to
designating Principal
Officer, the registered
intermediaries shall
designate a person as 1
“Designate Director”
for ensuring overall
compliance. The entire
statement is :
3

The certificate of
registration granted to
a DP may be suspended All of these
by SEBI if it is found
that the DP:
3
3 Any person opening a Rights and Obligations
Demat account through Doccument
a DP has to
acknololedge the
3 A Depository Participant Principal
(DP) is the
-------------------- of the
Depository
3 A DP can offfer the RBI
depository related
services only after
obtaining the Certificate
of Registration from

3 Investors are having the 0

option of opening a
Demat account with
sevaral DPs
3 Investors are having the 1
option of opening
several Demat Accounts
with a Single DP
3 A Clearing House or 1
Clearing Corporation is
eligble to be a
Depository Participant
3 A RTA can also function 1
as Depository
Participant
3 The applicant to Auditor
function as a DP has to
submit the Net Worth
certificate certified by
3 The aggregate value of 100 Crore
the portfolio of
securities of the clents
for a Stock Broker cum
DP should not exceed
100 times of the
Networth of the Stock
Broker cum DP. This
SEBI regulation is not
aplicable if the
minimum Networth of
the Stock Broker cum
DP is

3 If a NBFC seeks to act as 10 Crores

a DP for some other
person the Net worth of
the NBFC will be

3 Application received by 30 days

Depository from a
proposed DP has to be
forwarded to SEBI by
the Depsoitory after
satisfactory evaluation
with in

3 Minimum Net worth 2 Crore

required to apply for DP
with NSDL is Rupees
3 Certificate of For 5 Years
Registration issued by
SEBi to a Depository
Particpant (DP) will be
valid

3 Statement sHowing the Consolidated Account

consolidated view of all Statement (CAS)
the investments in
Mutual Funds and and
securities by the
investor is called as

3 In the case of any 6 months

transaction in the
Demat account or
Mutual fund Folios the
Cas will be sent by the
Depository once in

3 In case there is no Monthly

transaction in any of the
mutual fund folios and
demat accounts then
CAS with holding details
shall be sent to the
investor
3 Internal Audit of the 6 months
depository operations
has to be conducted by
a Charted Accountant
or a Company
Secretary or a Cost
Accountant once in

3 The related 10
informations about the
suspicious transaction
has to be reported by
the DP to the Directir
FIU-IND with in
------------------ working
days of establsihment of
the transaction

3 The form and contents SEBI

of the Rights and
Obligations document
are specified by

3 A stock broker – DP 500 crore

with net worth of Rs. 3
crores in demat
accounts with him can
hold a maximum value
of Rs …….. crores:
 At the time of opening
the DP A/c, an investor
has not given standing
instructions to receive
credits to his DP A/c. In Receipt Instruction
respect of securities
purchased by him, to
receive credit to his DP
A/c, he has to provide:
4
While opening a BO
A/c, a nominee has to NSDL
provide his signature in
4 case of :
There are……… digits in
a demat A/c number 16
4 opened under NSDL.
Freezing of credits for
specific ISIN is 1
permitted in demat
4 accounts.
After opening a DP
account, out of the PAN.
following, which
4 cannot be changed?
PAN is mandatory for
opening a demat True.
account in the name of
4 a NRI.
 Like Savings Bank A/c
in a bank with mode of
operations as Number
1 or survivor, Delivery 0
Instruction Slip can be
signed by First holder
of the demat account.
4
In CDSL, the account of
HUF can be opened in 1
4 the name of HUF:
A partnership can open
an account with a DP in
the name of 1
partnership, if the
partnership acts as a
Clearing Member.
4
The benefit of a Demat All of these
4 Account is:
In respect of Demat
Accounts under Statement of
Depository System, SOT Transactions
4 represents:
 A DP account holder
who has given Power
of Attorney in favor of
another person is also
entitled to get separate 1
DIS book from the DP
in addition to the DIS
provided to POA
holder. Mention True or
False.
4
A DP account in joint
names can be opened Three holders
4 for a maximum of:

A DP account holder
opts for a third party
for communications
from DP and requests
DP to send the
communications to the 0
third party. In such
cases KYC requirements
need not be complied
with in respect of the
third party.
4
 While opening a DP
A/c, it is desirable to
open the account in full
expanded name since
dematerialization of 1
securities can be done
when the securities are
in abridged name or
any other fashion.
4
For opening a joint
demat account in the All the person is
names of three necessary
4 persons, PAN of:
If DP conducts e-KYC
(under UADAI) for
opening Demat A/c, Either with finger print
IPV is to be carried out or iris scanning
by biometric
authentication:
4
A DP Account holder
wants to change the Consider the request, if
signature and scans the the signature is also
signature and sends to attested by his bank
DP. The DP shall:
4
In respect of Demat Delivery Instruction
Accounts, the word DIS Slip
4 represents:
A DP Account in the
name of a minor will be Guardian
4 opened by:
 In a DP Account,
freezing can be done in ISIN
4 respect of :
Out of the following,
who can NOT open a Partnership Firm
4 DP Account?
A sole proprietor has to His individual Name
open a DP account in:
4
Attaching separate
sheet to KYC
Application Form or 1
recording stickers for
IPV details is NOT
permitted.
4

Permanent address of
In case of joint all and correspondence
accounts in the name
of 3 persons : address of 1 st
holder is
to be insisted upon.
4
An individual investor
can open …… number No upper limit
4 of DP accounts:
Opening of a DP Introduction by an
account by an illiterate existing account holder
person with NSDL or attestation by his
4 requires: bank.
 In respect of demat
A/cs, the institution CERSAI
authorized for Central
4 KYC Records is:
Standard documents
(Account Opening Kit)
covering Rights and Either in electronic
Obligations, Do’s and form or physical form
Don’ts can be as preferred by clients
provided :
4

For all new DP accounts

of individuals opened
now Aadhar number is
to be mentioned in KYC
application and copy of 1
Aadhar Card is to be
obtained as a part of
KYC process. The
statement is:
4
Additional Records
(Registers) to be
maintained by DPs Securities eligible for
( being a Ltd Co) as per dematerialization
the Companies Act
shall NOT include:
4
As per the Companies
Act, 2013, which one Register of Director’s
comes under Share Holdings
4 Permanent Record?
 As per the Companies
Act, 2013, Tax Records
(Excise, Income Tax 8 years
etc.) are to be kept for
a minimum period of:
4
Investors holding
shares and Govt.
Securities should open
separate Demat 0
account for Govt.
Securities. The
statement is:
4
Once Power of
Attorney is given by a
BO, both the BO and 1
the Power of Attorney
holder can execute DIS.
The statement is:
4
Partnerships are not
permitted to open
Demat Accounts since
partnerships cannot 1
BOs; but Partnership –
CMs can open Demat
account. The entire
statement is:
4
In case of Joint Demat
Accounts in the name Both
of two persons, DIS has
4 to be signed by:
 A Power of Attorney
can open a Demat 0
Account on behalf of a
4 BO. The statement is:
If a minor has a demat
account (opened by
guardian) and the Can be converted into
minor becomes a account of major
major, the account in
the name of minor:
4
For change in name Publication of name
(other than consequent change in official
to marriage), the gazette
4 investor has to submit:

A visually challenged
person can open and
operate the demat
account including 1
online facility like any
other investor. The
statement is:
4
For NRIs intending to
open demat a/c, the
account opening form
is to be signed by NRIs 1
and POA holder cannot
open the account. The
statement is:
4
 Consolidated Account
Statement (CAS) issued Mutual funds and
by depositories is a securities held in
Single Statement to an demat form
investor covering :
4

While opening DP
Accounts, POI (Proof of All of these
Identity) shall include :
4

SEBI has NOT permitted

use of e- KYC service 0
launched by UIDAI. The
statement is:
4
As per Companies Act,
2013, the books of 8 years
accounts are to be kept
4 for a period of:
While opening joint
accounts of individuals,
the maximum number 3
of account holders is
limited to:
4
RBI decides who can
become a BO 0
(Beneficial Owner) of a
4 depository:
 For opening a DP UN Entities exempted
account, PAN is NOT from payment of
mandatory in respect Income Tax
4 of:
4 In the case of Demat 0
account opened in Joint
names E or S facility is
available for operation
4 For opening a Demat Female Investor
account with a DP the
rights and Obligations
agreement need not be
excuted by

4 For opening a Demat Bank Pass Book Copy

Account with a DP one
of the given
doccuments is
mandatory

4 The Demat Account Trading Account

opened by a Clearing
Member or a Broker for
the purpose of trading
and settlement is called

4 Bank Accounts in the Stock Broker- Client

name of Stock Broker Account
in which the clients
funds are held is called
4 Demat Accounts Stock Broker- Client
opened by the Stock Account
Broker to hold the
Securities of the Client
4 Demat account(s), Stock Brokker-
maintained by the stock Securities Account
broker for depositing
securities collateral with
the clearing
corporation, shall be
named as

4 Demat Accounts held by Stock Brokker-

the Stock Broker for the Securities Account
purpose of Settlements
is named as

4 Bank Accounts in the Stock Broker-Collateral

name of Stock Broker Account
for settlements is
named as
4 Additional Information Depository Participants
in Part II of the Demat
Account opening form
is prescribed by
-----------------------------
to the DPs
4 Additional Information Depository
in Part II of the Mutual
Fund Account opening
form is prescribed by
-----------------------------
to the DPs

4 In Joint Demat Account Four

maximum number of
Account holders in the
joint Account will be
4 For opening the Demat The First Name of the
Account in joint names Joint Holders
Proof of Identity and
Proof of Address has to
be accepted for

4 In Person Verification of Client Submits

client (IPV) is not photocopy of Aadhar
required in the Card
following case
4 Demat Accounts StockBroker - Client
opened by the Stock Account
Broker to hold the
Securities of the Client
in CDSL is called as
4 Client Master Report NSDL
along with Charges
structure has to be
provided to the client
after opening the
demat accoint is
available in

4 CM-BP-ID is necessary NSDL only

for opeing the Clearing
Member Demat
Account with
4 Clearing Only one CM Account
Membersmaintaining per Stock exchange
CM Accounts with DPs
of NSDL can open and
maintain

4 In the case of opening All The Three persons

joint Accounts in three
beneficial Owners the
communication
regrdsing the accounts
will be sent by the DP to

4 In the case of death of a To the first holders

joint Account holder, on individual Demat
request of the existing Account
Account holders the
security balance in the
Demat account will be
transmitted
4 Demat Account in the 1
name of HUF can be
pened with the name of
Kartha Jointly
4 Account opened in the 1
name of minor should
not have joint holdings
4 When minor attaining Statement A only True
major status, A. NSDL,
suspend the account for
debit and disable the
standing instruction for
Credits. B. CDSL
automatically suspend
all the debits

4 Opening, closing of NSDL

Demat Accounts and
operating instructions
by the Power of
Attorney of a NRI
cannot be executed in
4 if the signature is in any NSDL
language other than
those specified in the
Schedule VIII to
theConstitution of India
or English, it should be
attested by a Magistrate
or a Notary Public or a
Special Executive
Magistrate. This
followed by

4 Accounts opened for NSDL

illeterate person has
either to be introduced
by existing Demat
Account holder or
attested by the
applicant bak is the
practie followed byu

4 Introduction for NSDL

opening demat account
for an illtereate is not
necessary in
4 Client Account number 11 digits
in CDSL and NSDL will
be having
4 Power of Attorney Valid for operting
executed before the Demat Account
promulgation of
Depositories Act are
4 Can a Power of Attorney Cannot Open
open a Demat Account
on behalf of his
Principal
4 One of the conditions of POA can only Opearte
depositories to permt the Account
POA to operate the
Account is
4 Delivery Instruction Slip To POA only
Book will be given for
the Demat account
operated by POA
4 The entities which are Depository Participants
authorised to do pay-in
and receive the pay-out
from a Clearing
Corporation (CC)/
Clearing House against
trades done by them or
their clients are known
as

4 Based on the CH-CM-ID

submission of Demat
Opening form, letter
issued by CC bearing
CC-CM-ID and SEBI
Registration certificate
of the Clearing Member
by the DP, the
Depository will allot
4 The name of the BO can NSDL
be changed after
opening the Demat
Account in
4 Rights and Obligation NSDL
doccument is a
standard Doccument
approved by

In case of an account of
a HUF, nomination can
be availed in the name 0
of any of the adult
members:
5
Nomination in favor of
a minor is not 0
permitted in case of a
5 demat account.

In case of demat Settlement of

account ‘ transmission’ securities upon the
represents: death of the BO
5
How many nominees
(maximum) can be Three
there in a Demat
5 account (in NSDL)?

Identify the correct There can be maximum

statement in respect of of three nominees in
Nomination in a DP one account and
nomination is valid for
A/c. all ISINs in that account
5
 At the time of
transmission of
securities in case there ISIN wise
are more than one
nominee, the securities
will be divided:
5
Provisions of
Nomination in respect Indian Companies Act
of Shares, Debentures
5 etc. are made in:
Photo of Nominee is
required in case of DP NSDL
5 with:
From the following,
who can avail Residents and NRIs
5 nomination facility?
Upon death of a DP
account holder, the
nominee can get the Transmission
securities transferred in
his name. This process
is known as:
5
During the
transmission of a
demat account with
three nomination, the First Nominee
securities indivisible
ISIN wise it be
transferred to:
5
 Nomination can be
accepted in respect of
HUF demat Account in 0
NSDL – but nor in CDSL.
The statement is:
5
In the absence of
nomination in a DP A/c
upon the death of the Succession Certificate
BO, for settlement of issued by competent
the claim of large court
holdings, DP has to
insist for:
5
For transmission of
shares in favor of a
nominee in respect of DP account either
deceased DP account under NSDL or under
holder (DP A/c under CDSL
NSDL), the nominee
should have a:
5

For transmission of
securities held in single
name with nomination
facility, the details of
the securities
mentioned in True for NSDL only
nomination form
should match with
those in records with
the DP. The statement
is:
5
5 Devolution of title to Transmission
shares and securities
due to death, Lunacy,
Bankruptcy etc is called
as

5 At NSDL, processing of Target of Holdings

target account is in
NSDL.Transmission
request should be
processed
through---------------------
---------- module only
where the target
account is in NSDL.

5 The securities which NOT-CLOSED

cannot be transferred
to the new account for
transmission due to its
encumberance or
inactive for pending
corporate actions the
account will be showing
the status of

5 The Nomination facility Indian Individuals

for
Shares,Bonds,Debentur
es etc is available for
5 Nomination facility is Individuals
not available for one of
the given Benefitial
Owner Accounts
5 A nominee can be a HUF
5 In the case of pro rata as decided by
nominating more than DP
one nominee the client
has to specify the
percentage of share for
each such nominees
otherwise allocation of
securities among
nominees will be

5 A POA holder of a 1
Demat Account can
nominate or change
existing Nominiee at
any time

5 Nomination Form does NSDL

ot have provosion for
securities in
5 If the successors of the one lakh
deceased were unable
to submit the required
doccuments for
transmission of
securities the DP can
permit the transmission
if the value of securities
on the date of such
application ,are not
exceeding to the value
of Rupees

5 CDSL Nomination form 1

does not have provision
for mentioning
securities.

ISIN has ……… 12

characters/digits.
6
DRF forms received
from a BO are to be
forwarded to 7 days
Depository by a DP
within a maximum of:
6
The process of
changing the order of
joint holders name in a
share certificate is 1
known as
‘transposition’
6
 ISIN numbers should be
different for two
different types of 1
shares issued by the
same company.
6
The third letter in ISIN Identification
6 denotes…..
Who provides ISIN in
case of shares issued NSDL
6 through IPO?
Which of the securities All of these
6 can be dematerialized?
A person holding
physical shares has to
fill up RRF for False
rematerialisation of the
shares and submit to
his DP.
6
Who is doing the
destruction/cancellatio
n of certificates R T A
accepted for
dematerialization?
6
Generally, the period
for Dematerialization is
15 days and 1
Rematerilization is 30
days.
6
 In case the shares
deposited by a BO for
dematerialization are
lost in transit, RTA can
demat the shares upon 1
confirmation from the
DP with proof of
delivery and execution
of indemnity by DP in
favor of RTA.
6
In case there is a
variation in the Signature can be
signature appearing attested by the Bank
with DP and that of
Issuer/ R& T Agent:
6
Demat holder can NOT
cover both Free and
lock in securities in a
single DRF and 1
separate DRF is to be
given. The statement is:
6
In case of
dematerialization, the DRN
6 system generates:
 Upon submitting
request for
Rematerialization,
physical securities shall 30 days
be received by the
investor within a
maximum of :
6
SEBI has delegated
powers to allot ISIN to
NSDL in respect of 1
equity shares. The
statement is:
6
The order of names in
Transposition comes joint holding is
into effect when: securities differ with
6 that of DP A/c

If an investor do not Fill the application

have a DP Account at form for IPO (except
the time of submitting Client – Id) and submit
his application form for to DP along with
an IPO, he can: papers to open DP A/c.
6
In case it is observed
that the certificates
submitted for Retained by R & T
dematerialization is Agent
fake, such certificates
will be:
6
 The first two letters
(pre-fix) in ISIN Country code
6 represents:
ISIN has ………. digits
and Demat Account 12 & 16
6 has…….. digits:
In demat business, Dematerialization
6 DRNFrefers to: Request Form
Different types of
securities of same
company will have 0
common/same ISIN.
The statement is
6
Only those securities
whose ISIN has been
activated by the
depository can be 1
dematerlized under
depository system. The
statement is:
6
If the ISIN mentioned in
the DRF is wrong, the DP
rejection of DRF will be
6 done by:
Separate DRFs have to
All of these.
6 be submitted for:
The prefix in 12 digit IN
6 ISIN number is always :
The components of Pre-fix, Basic Number
6 ISIN includes: & check digit
 Dematerialization is a
process of converting Electronic Form
securities from physical
6 from to:
6 Before Electronically
dematerialisation of
securites, transfering
the security in the
name of the buyer was
taking place

6 One of the following Listed Equity Shares

security is not eligible
for dematerialisation in
a depository
6 ISIN stands for Indian Security
Identification Number
6 The issuer or RTA will 30 days
have to inform the
depository, the
rejection of
dematerialisation
reuest of an investor ,
elecronically with in

6 The RRF of the clients 10 days

has to be forwarded by
the DP to the issuer or
RTA with in--- days of
accepting the request
6 On receipt of the CREDIT
acceptance of the Issuer
or RTA for RRF of an
investor the depository
will ----------------------the
demat account of the
investor with the DP
with the number of
securities
remateriallised.

6 One of the following is a Pre-fix

not the component of
ISIN
6 The Pre-Fix in the ISIN Two-letter company
number is code
6 The function of Ministry of Finance
assigning ISIN of
various Securities is
delegated to NSDL by
6 Allotment of ISIN for G- Department of
sec is done by Company Affairs
6 The third digit of the a Company
ISIN number is A. This is
the security issued by
6 At the time of 0
submitting the
securities for
dematerialisation , if
there is any change in
the order of names
appearing in the
security DRF can be
submitted along with
the reuest for
transposition

6 DRF for Govvernment DRF-ordinary

Securities is
6 DP has to deface the To be Dematerialised
physical Share
Certificate given for
dematerialisation with
the words

6 If the request details URN

are entered in its DP
system for
Dematerilisation of
securities the DP system
will generate
6 The DRF of the clients 15 days
along with the physical
securities received by
the DP has to be
forwarded to the issuer
or to the RTA with in---
days of accepting the
request

6 which enables BOs to Demating MF units

convert their mutual
fund units represented
by Statement of
Account (SoA) in
physical form to
electronic form and
hold the same
in their demat account
with CDSL.

6 The form requested for DRF-ordinary

dematerialsing the
Mutual Fund units is
6 The rejection letter 7 days
received from AMC/RTA
for demating the MF
units has to be
forwarded to the BO
with in
6 MF units held in Restaementisation
electronic form are
converted into
physicalat the request
of the Beneficial
Owners is called as

6 Which one of the Modernisation

following options are
not allowed in
Restatementisation
6 Who can make arequest DP
for dematerialisation of
security

A DP has no role to play

in case of an Off –
Market Transaction 0
since the transaction is
between a buyer and a
seller:
7
Transfer of securities
from Clearing Pay outs
Corporation to CM A/c
7 is known as:
Person to person
transfer of securities
(without involving Off market trade
Clearing Corporation) is
known as:
7
 All Clearing Members
of Stock Exchanges has DP
to maintain their
7 accounts with:
The plat form provided
by NSDL for tracking
the Pay- in securities to IDeAS
Clearing Members is
known as:
7

Date of …………… is Credit

considered for Income Account to Demat
tax purpose.
7
A CM can track “ Pay All of these.
in” securities through:
7
Inter- depository
transfer means, NSDL to CDSL or vice
transfer of security versa
7 from:

Normally, Off Market Trade among the

transaction takes place- private parties in large
quantities.
7
Transaction done
without involvement of
Clearing Member/ Off market
Clearing Corporation is
a:
7
 Every broker in a Stock
Exchange participating
in settlement process Clearing Member A/c
through a depository is
required to open:
7
In NSDL DP, if
adequate balance is
not available for Wait till EOD
debiting a security,
System will:
7
Early Pay in, Auto Pay CDSL
7 In etc. is done in :
A “Pay in” transaction Clearing Member to
represents a Clearing House
7 Transaction where :
Clearing Corporation/
Clearing House can False.
open BO A/cs. The
7 statement is:
Inter-depository
transactions refers to CDSL and NSDL is
involved
7 transactions where:
During pay outs,
Clearing
Corporation/Clearing Deliver the securities
7 House has to:
Settlement of securities
involving Stock On market transactions
Exchanges, CM, CC etc.
7 is in respect of:
 For Off market
transactions, the
debiting to the account Execution Date
happens as per the
………….mentioned in
the DIS:
7
In case of Pay-ins, CM
transfers money to the
account of Clearing 0
Corporation. The
statement is:
7
DIS should contain
name of ... … and Stock Exchange &
settlement number for Market type
which the securities are
transferred to CM:
7
7 The Transferee will give Delivery Instruction
---------------------- to DP
for receiving and
crediting the securities
in his Demat account

7 A beneficiary account Delivery Instruction Slip

can be debited only if
the beneficial owner
has given
7 If the debit has to be Execution Date
effected on a particular
date in future, account
holder may mention
such date in the space
7 When adequate NSDL
balances are not
received till the end of
the execution date the
instruction will fail in

7 Exchange of money for Otside the Depository

the off-market System
transactions are
handled by
7 In case of CDSL, the Stock Exchange
seller BO can deliver the
securities directly to the
7 Transfer of securities Market Transaction
towards settlement of
transactions done on a
stock exchange is called
settlement of

7 Demat Account opened Broker/CM Pool

by the brokers of stock Account
exchange with the
Depository for trading is
popularly called as

7 Trading periods of each ID Number

of the market segments
is identified by a
7 Settlement numbers are Financial Year
allocated by the Stock
Echange for one year
according to the
7 All the settlement Financial Calender
periods in a year is
collectively called as
7 Clients has been 4.00 p.m
instructed by DPs to
submit the settlement
instructions with in T +1
and for the Physical
form of securities up to
------------- for pay-in
securities

7 The process of a Pay-Out

broker/trading member
submitting securities
sold by him on behalf of
his client, to CC/CH of a
stock exchange is called

7 Clearing Member can IDeAS

track the securities
which it has received
for pay-in through the
Internet facility
provided by NSDL is

7 In NSDL, delivery-out Automatic Delivery Out

instructions for moving
securities from CM Pool
Account to CM Delivery
Account is generated
automatically. This is
known as
7 The options of Early Pay NSDL
in, normal Payin and
Auto Pay in is available
in
7 Normal Pay in facility is NSE
available only in
7 For trades done on 1
exchanges, other than
BSE, the auto pay-in is
the default option,
where Auot Pay-in
instructions are
generated by CC/CH

7 In the case ofInter Delivery Instruction Slip

Depository Transfer the
CM /BO has to execute
7 In the case of Inter Receipt Instruction
Depository Transfer, if
Standing Instruction is
not given by the CM/BO
for the credit of
securities the CM /BO
has to excute

7 The same DIS book 1

given by the DPs can be
used by the BOs for
securities as well as
Mutual Fund Units
7 BO can also redeem or 0
offer for repurchase the
MF units that are
available in electronic
form in his demat
account directly
through the DP without
going through the stock
exchange mechanism.

7 If bank details are not Executed

enteredin the CDSL
system, then the
repurchase /
redemption request will
be

7 “If adequate balances 0

do not exist in the
account, then delivery
instruction will wait for
adequate balances till
the end of the
execution day

7 For getting direct Address Proof of Client

credits in to Demat
Account from the
CC/CH the Broker has to
submit the Clients
7 Instructions to the Clearing House
Participants for
securities lying within a
same CM account but in
different settlement
pocket for inter-
Settlement has to be
given by

For a closure of a
pledge, the request for Pledger
closure is to be given
8 by:
For Creation of Pledge
in respect of Demat
securities, both
pledgee and pledger 1
should have DP
account with same
Depository. The
statement is:
8
The ownership of the
shares pledged (in case Pledger
of demat shares)
8 continues with :
A pledge status of
pledged securities can 1
8 be partially closed.
 The main difference In case of
between pledge and hypothecation,
hypothecation of consent/authorization
of pledger is necessary
demat securities is: to sell the securities.
8
For invocation of a IRF
pledge, pledgee has to Request( Form)
Invocation
8 submit properly filled:
Out of the following
corporate benefits, in
respect of pledged Share Splits
shares, which one will
continue to have
pledge?
8
As per PMLA, the
documents pertaining
to creation of 5 Years
pledge/hypothecation
is to be preserved for a
period of:
8
After closing the loan,
in respect of pledged
securities, un-pledging Pledger
transaction is to be
initiated by:
8
In pledged securities
corporate benefits like Pledger’s A/c
bonus units are
8 credited to :
 The pledge can be
created even if the DP
accounts of pledgee 0
and pledger is with
different Depositories.
The statement is:
8
In case of pledge of
securities, corporate
benefits involving
splitting of shares will True
continue to have
pledge. The statement
is:
8
During unilateral
closure of pledge, the Pledgee
request for closure is
8 given by:
The main difference Unilateral closure of
between unilateral pledge is initiated by
closure of pledge and the pledgee
8 closure of pledge is:
If a pledger is not
repaying the loan, in Take consent from the
case of hypothecation, pledger before
what action a pledgee invocation of pledge
will take?
8
IRF (Invocation Request
Form) is used in case of Pledge
8:
 A pledgee is a………….. Lender & Borrower
8 & a pledger is a…………:
When there is a default
in loan repayment, for
invocation of pledge,
the approval of pledger 1
is NOT necessary. The
statement is:
8
In case of pledged
shares, pledge closure Pledger
request is to be given
8 by:

In pledging of demat Right of the pledgee to

securities, “Unilateral invoke without consent
Right/Clause” means: of the Pledger
8
Lock in Securities can
be pledged and can be
invoked by the pledgee 0
even before expiry of
the lock in period. The
entire statement is:
8
Pledge Invocation Form
is to be preserved for a 5 years
8 minimum period of:
In case of Pledge of
securities with a bank, Borrower
8 the role of pledger is:
8 Pledged or CDSL
Hypothecated securities
are transferred to a
segregated or collaterl
account in

8 The securities eligible Locked in balance

for pledge or Securities only
hypothecation are
8 The unilateral right to Borrower
appropriate the
securities will be
exercised by
8 The Term CDSL
Hypothecation is used
only in
8 Bank has given Loan Bank
against the security of
Shares. The Pledgor of
the security will be
8 Each and every pledge Pledge Swquence
transaction has to e Number
identified by the
8 In the process of 1
invocation the Pledged
Securities are moved
from the Demat
Account of Borrwer to
the Demat Account of
the Lender under the
category of Free
Balance

8 When the securities Pledgee

under pledge or
hypothecation all
corporate benefits will
be accruing to

8 The pledge transaction The Depository gives

will be treated as Acknowledgement
completed only after
8 The pledgee of Lender / Creditor
securities is known as
8 When there is split of Debitted
pledged shares, the
new shares will be ………
the account of the
pledger:

8 For invocation of 1
pledge, the approval of
pledger is NOT
necessary. The
statement is:
 Out of the following
corporate actions, Dividend Declaration
which one involves
9 “Cash”?
For effecting corporate
actions, list of BOs
holding the securities
in demat form is Depositories
provided to R & T
Agent by:
9
For corporate actions
like issuance of bonus
shares, rights etc., Issuer
record date is
announced by:
9
In case a company
declared a right issue,
the option letter to
apply to the Right Issue RTA/Issuer
to the existing
shareholders is issued
by:
9
Which one is Cash
Payment of interest
9 Corporate Action :
For corporate action
like issuance of bonus
shares, rights etc. Issuer
record date is
announced by:
9
 In case of splitting of Old ISIN is cancelled
shares, under and credit is given in
depository system : respect of new ISIN
9
Both NSDL and CDSL
facilitate which Issuance of Bonus
shares
9 corporate action?
Non cash corporate Bonus issue
9 action involves:
When there is split of
pledged shares, the
new shares will be Credited
………the account of
the pledger:
9
Which of the following
is NOT a payment
mode under corporate Cash
action of small
amounts i.e. less than
Rs.1000?
9

While issuing payment

instruments arising out
of any corporate
actions, in addition to
the name of the 1
beneficiary, bank
account details are to
be mentioned in the
payment instruments.
The statement is:
9
 Out of the following,
which one is treated as Share split
a non-cash corporate
9 action?
Disbursements under
Cash Corporate Action Issuer/RTA
9 is the responsibility of :
In case of cash Providing data on
corporate action on investors to issuer/RTA
equity shares, the role as on record date
9 of depositories is:
Corporate benefits are
given to the BOs whose Record Date
name appear with the
9 depositories as on:
9 The function of Statement A only True
Depository in Corporate
action is A. Providing
information to the
issuer company about
the persons eligble for
the benefits. B. Taking
the responsibility of
distributing the benefits
to eligible persons.

9 One of the following is Rights Issue

the Cash corporate
action
9 Interest or Dividend Cash payments
payments to Bos are
done through one of
the follwing mode
9 At the time of corporate Old ISIN number of the
actions like Security
Merger,Amolgamation .
capital Reduction etc,
the proportionate new
shares issued will be
allotted with

9 If pledge exists on Pledgee

securities on the cut off
date for issuing Bonus
Sharesn the Bonus
Shares issued to the BO
will be credited to the
Demat Account of

9 If the BO has pledged Pledgor

the securities, the
Bonus Shares allotted to
the BO will be credited
to the Bos Demat
Account with pledge
marked in favour of the

9 In respect of Depositary Particpant

government securities,
the interest to eligible
clients will be
distributed by the
9 Non- Cash Corporate Dividend Payment
Action Means
9 Record Date for a Depository
Corporate Action is
announced by

Public Limited
companies while
making public offer, has
to issue shares in Rs.10 crore
demat form if the size
of the issue is for a
minimum of…….
10
The allotment
procedure for right
issue is more or less 1
same as in the case of
IPO. The statement is:
10

An individual holding
his shares in a company
in a demat form applies
for additional shares
during FPO. He did not Physical form
fill the DP account
particulars in the
application form. The
allotment of shares
will be :
10
 An investor holding
shares in demat form
applies for Right shares
and the investor does
not specify the mode of Demat form
allotment of the right
shares. In such cases,
the allotment of right
shares will be in:
10

In case a investor
having a demat account
does not specify the
mode of allotment in Physical form
the application form for
an IPO, the allotment
of shares will be:
10

According to
………………….., every
listed public company
making an initial offer
of any security of Rs.10 Companies Act, 2013.
crore and above has to
issue the securities
only in dematerialized
form:
10
As per Companies Act
2013, Annual Audited
and Financial Permanently
Statements are to be
kept for:
10
 The Companies Act
2013 deals with issue,
allotment and transfer
of securities and 1
various aspects relating
to company
management. The
statement is:
10
10 If any offer placed Take over Proposal
before the Stock
Exchange to for
acqusition of shares
through Stock Exchange
Mechanism for Take
Overs, Buy Bank or
delisting the offer is
called as

10 Issuer shall be required SEBI

to enter into agreement
with all the
_______________
before coming out with
a public offer

10 The securities offered in 1

the public offer can only
be traded in the stock
exchange in demat
Form
10 Guidelines for public Ministry of Finance
issues of a company
shares has given by

For dematerialization
Of Govt. Securities with DRF – GS
NSDL, the investor has
11 to submit:
The period of a Less than one year
Treasury Bills are :
11
Unlike Equities, all
debts have a limited 1
11 life:
R & T Agent in respect
of G.Secs held in demat Depository
11 form is:
A Govt security with 5
year period will be Dated Securities
11 treated as:
Out of the following, Mutual Funds
11 find the odd man out:
RBI normally does not
register transfer of Shut Period
11 securities during:
SGL -1 A/c represents
the account with RBI in
respect of own 1
holdings of eligible
entities:
11
 Individual investors are
also permitted to
purchase Government
Securities and can be 1
held in the demat form
in a DP account along
with other securities
like shares:
11
At the request of the
holders, Govt Securities 1
in demat form can be
11 rematerialized.
In respect of G-secs
held in demat form, the
periodical interest Depositories
payments on G-secs
will be distributed by:
11
For demating and
holding G.Secs in a DP
a/c, separate DP 0
Account is to be
maintained. The
statement is :
11
Mr. A is holding CPs
worth Rs.10 crores. 200
How many units of CPs
11 he will be holding?
Govt securities are
dematerialized at RBI
11 ………….
 Debenture Certificates
are issued in lieu of Letter of Allotment
(LOA)
11 …….
SGL – 2 are opened by
entities permitted to
open SGL -1 A/cs to
keep the accounts of 1
constituents not
eligible to open SGL -1
A/cs. Mention true or
false.
11
Dated securities are
having period 6 months 0
11 and above.
There should be
separate DP account
for holding Govt.
Securities and Equity 0
shares. The statement
is:
11
Regulatory powers in
respect of contracts for
sale/purchase of gold- RBI
securities is vested
with:
11
Debt instruments are
issued only on behalf 0
of State/Central Govts.
11 The statement is:
 In respect of Govt
securities held in
demat form, corporate Depositories
action like payment of
interest is done by:
11
Value and quantity of Issuer
11 CP is decided by:

Both Govt Securities

Identify correct and shares can be held
statement from the in single account and
following: single statement will be
issued covering both.
11

In respect of debt Issuer has option to

securities, “Call refund prior to the
Option” represents: redemption date
11
IPA ( Issuing and Paying CPs
11 Agent) is in respect of:

Banks and PDs can hold

CPs only in demat 1
form. The statement is :
11
For Govt Securities ISIN RBI
11 is allotted by:
Which of the following
can be held in demat All of these
11 form?
 When RBI sells the Debits the CA of the
Govt Securities to an depository and credits
investor in demat form the securities in SGL 2
(in SGL 2 Account of a a/c
depository), RBI :
11
Certificate of Deposits Banks and Financial
11 (CD) is issued by: Institutions
11 One of the following is Announcing Recod Date
not treated as a
Corporate Action
11 One of the given Interest on Debentures
options is not a
monetary corporate
benefit. Identify
11 On receiving the Issuer Company
information about the
monetary or non-
monetary corporate
action with the cut -off
date the
--------------------------------
-- will be providing the
details of holdings of
the client to the issuer
or RTA.
11 In the case of split of Self Corporae Action
Shares, Consolidation of
Shares,merger or
demerger of securities
or Bonus issue the
corporate Action is
automaticaly executed
in the Fixed Ratio by the
Depository. This Action
is named as

11 A written agreement to Ownereship Securities

repay a loan, usually
with interest, within a
given time frame is
named as

11 Which one of the Commercial Paper

following is not a Debt
security
11 Treasuery Bills are State/ Central
issued by Government
11 G-Sec is nothing but Good Security
11 Debt securities, can be 1
dematerialised even if it
is issued to asingle
holder
11 In Debt Securities which Security name
one of the following
indicates nthe
"instrument descriptor"
11 Issuer of Debentures 1
will not issue debenture
certificates before
creation of charges on
the Assets.

11 In the case of allotment Letter of Credit

of Debenture, Before
issuing Debenture
Certifcates to the
Investor the Issuer will
issue

11 Repayment of money Execution

along with interest to
the investor on the date
of its maturity by the
issuer is termed as

11 At the date of Activated

redemption of the debt
security, the ISIN
associated with the
instrument will be
------------------------------
by the depository
system

11 Monetary Corporate Dividend Payments

Action for Debt Security
is the
11 Option exercised by the Futre
issuer of Debt Securties
to redeem the
securities well before
the redemption date is
a

11 If investor has an option Hedging

of demanding
repayment on the debt
instrument at a time
earlier than the
Maturity date is

11 Depository Participant 1
will issue only a single
transaction statement
reflecting the holdings
and transactions of
both euities and
Debentures

11 The minimum size to be 5 lacs

subscribed or
transacted in Certificate
of Deposit is Ruppes
11 Settlement of funds of BY NSE
the transactions take
palce in NSE will be
done
11 Transfer of Certificate of 1 day before the
Deposits to the Issuer redemption
Redemption Account
has to be done at least
11 An Inveestor has to 2 lacs
subscribe minimum
amount of
rupees------------ for the
Commercial Paper

11 Dated Securities of the Less than one year

Government will be
having the maturity
date of
11 All the activities of SEBI
Government Securities
will be done by
11 Which department of Public Relation Office
RBI is handling the (PRO)
Government Securities
activities
11 Request from the Permitted
clients for partial
demterialistion of
Government securities
are

11 Who resolves the Depository

mismatch during
rematerialisation of
government securities
11 RBI does not register Closure period
government securities
during

Custodian of securities
registered with the
Board can be a DDP 1
(Designated Depository
Participant). The
statement is:
12
To be qualified as a FPI, All of these.
they should satisfy:
12

A FPI intending to open Open an account and

and not provide PAN within 60
a DP A/c days of account
having PAN can:
12 opening
FPI should satisfy the
condition with regard All of these
12 to:
Foreign entities
collectively can hold 20%
not more than ……..in a
12 Depository
Financial Institutions
obtain self-certification
and carry out due
diligence (FATCA USA
Compliance) on
account of the
agreement with:
12
 Who among the
following is NOT Indian
eligible to become staying abroadResidents
(NRI)
Foreign Portfolio
Investor - FPI?
12
The eligibility criteria of
DDP (Designated All of these
Depository Participant)
12 shall include:
12 Forign Portfolio Depositories
Investors has to obtain a
certificate of
registration issued by
the------------------- to
buy,sell or deal in
securities in India

12 One of the following is Insurance Companies

not related to the
Category II Foreign
Portfolio Investor
12 One of the following is Charitable Trusts
not related to the
Category III Foreign
Portfolio Investor
12 The DDp engaged by 1
the FPI will be the DDP
and Custodian of
Securities for the FPI at
all times
12 FPIs need to provide the 21 days
copy of PAN card with in
------ days of Account
opening
12 A resident Indian can 1
also be a Foreign
Portfolio Investor. State
True or False?
12 Which of the following Foreign Institutional
is not considered a Investors
Foreign Portfolio
Investor

BSDA accounts are

meant for small
investors whose Rs.2.00 lakhs
holdings should not
exceed:
13
How many number of
Delivery Instruction
Slips (DIS) are normally 2
to be issued to the BO
at the time of opening
a BSDA A/c?
13
All BOs who opt for the
facility of BSDA shall
register their mobile
numbers for SMS alerts 1
and the debit
transactions with the
DP. This statement is :
13
 DP has to convert all
eligible demat
Accounts into BSDA
unless the BO
specifically opt to 1
continue the account as
a regular demat
account. The statement
is:
13
To compensate the for every new A/c
participants towards (other than in top 15
cost of opening and cities) if the account
maintaining BSDA, gets at least one credit
incentives are provided during the financial
in the form of Rs.100: year.
13
If the value of holding
exceeds Rs. 2 lakhs in a
BSDA, charges can be 1
levied as applicable to
Non- BSDA. The
statement is :
13

From the following, 2nd account holder in

who can open BSDA: an existing Joint DP A/c
13
Nil for holding up to
The AMC charges for a Rs.50000 and Rs. 100 if
BSDA is : holding is above 50000
13
13 BSDA stands for Basic Standard Demat
Accounts
13 For computing the total Market Value at the end
holdings in BSDA of every day
account the DP will take
the ----------- value of
the unlisted securities
in the demat account

13 The value of holding of 52 weeks low price

the BSDA Account shall
be determined by the
DPs on the basis of
13 The value of holding of Offer Price of MF
the Mutual Fund in the
BSDA Account shall be
determined by the DPs
on the basis of

13 Transaction Statement Every Month

for BSDA account has to
be sent to the BO at
13 In case of No Once in a Quarter
transaction in the BSDA
account for 3 months
the Transaction
Statement will be sent
to BO

13 If the BSDA account is For the quarter when

having no transactions the balance became
and also ZERO balance ZERO
the transaction
statement to be sent
will be
13 charges charged by the 50
DP for sending
Electronic Statement
will be rupees
13 In the case of sending 2
physical satements to
the BO of BSDA account
minimum -----
statemnts has to be
sent at Free of cast.

13 For opening BSDA 3

account the beneficiary
individual shall have
------------- account
across all depositireies

13 All BOs opting for the 0

facility of BSDA, shall
register their mobile
number for availing the
SMS alert facility for
debit transactions
 B C

Depends upon size of

0 primary issue

True in some states

where regulatory
1 controls are put in
place

Investors Sellers of securities

True or False - depends

1 upon the types of
securities.

Protecting interest of Development of

investors Security Market

May be true or false –

0 depends upon the size
of issue.
 True in case of Metro
1 centers

SEBI Commodity Exchanges

IPO Right issue

0 Cannot be answered

I do not want to
0 answer
National Infrastructure National institute for
for Securities Market Securities Management
Securities and Exchange Securities Exchange
Board of India Beuro of India

Depository Custodians

Regulating Foreign Regulating Securities

Banks in India Mrket in India

Debt Recovery Tribunal Debt Recovery

Appellate Tribunal

Deartment of Company SEBI

Affairs

RBI IRDA

SEBI Act 1992 Depositories Act 1996

1 False in case of Equities

NSDL or CDSL RBI

Any one Security Securities valuing not

irrespective of amount less than Rs.1000

Rs. 10 crore Rs. 500 crore

One Three
0 True only for NSDL

Brokers Stock Exchanges

0 I do not want to
answer

Clearing Members Depositary Participants

Funjibility Transferability

Depositiry Custodians

Registered Owner Fiduciary Owner

Registered Owner Depository

Electronic Book Entry Both in Physical and

System Electronic Form
RBI ROC

24 Percent 51 Percent

Bank Public Ltd Company

24% 15%
15 days 7 days

21 days for both NSDL 30 days for both NSDL

& CDSL & CDSL

0 True only in case of

Equities

Depository Agreement Bilateral Agreement

Dial up PSTN

One week 7 working days

RBI Depository

Is to be closed Can be closed by giving

immediately 3 months’ notice.
0 True for NSDL only

Quarterly. Half yearly.

SEBI RBI

3 months after 6 months prior

Any amount – no
Rs. 100 higher limit
3 10

SEBI Issuer

Depository RBI

15 days 6 months

Once in a week Once in a fortnight

Money Market
Unlisted securities Instruments

Intimate the
Depository if the name Intimate SEBI
change is more than
two fields

Bye-Laws of the
Regulations laid down Depositories to the
by SEBI in this regard extent applicable to
the DPs.
Quarterly basis Monthly basis

0 I will answer latter

Has failed to comply Has failed to pay the

with direction of SEBI annual fees specified

Physical Security Electronic Security

Doccument Doccument

Agent Benefitial Owner

Depositories SEBI

Cost Accountant Company Secretary

50 Crore 20 Crore

50 Crores 30 Crores

20 days 10 days

3Crore 5 Crore
the DPUnless t is Unless it is cancelled
suspended

Consolidated Consolidated Securities

Investment Statement Statement(CSS)
(CIS)

5 months every month

Half-Yearly Quarterly
3 months 15 days

7 30

Depository Depository Participant

200 crore 300 Crore

Delivery Instruction Standing Instruction

CDSL Both NSDL & CDSL

12 10

True in case of Equities

0 only

Signature. Name.

False. True for NSDL only

1 True for NSDL

True - if the holdings

0 are below Rs. 10 lakhs

True –in case of CDSL

0 only

Direct credit of bonus Single contact point to

units change the address

Statement of Trade State of Trade

0 True for NSDL only

Two holders Five holders

1 True for NSDL only

0 True for NSDL only

Any two person is First holder is sufficient

sufficient

Only with iris scanning Only with finger print

Consider the request Not consider the

since the signature is a request as SEBI does
not permit change in
scanned signature.

Demat Instruction Slip Delivery Installment

Slip

Only Father Only Mother

Only Debits in the DP Only Credits in the DP
A/c A/c

Joint Account in the Co-operative Banks

name of 3 persons

sole Jointly in his name and

The name of in the name of sole
proprietorship. proprietorship.

0 True for NSDL only

Permanent and Correspondence

correspondence
address of all to be address of all to be
insisted upon.
insisted upon.

Maximum 5 Maximum 2

Attestation by his bank Introduction by an

existing account holder
is mandatory. is mandatory.
SEBI NSDL

Only in physical form Only in electronic form

0 True for BSDA only

Sweat Equity Shares Employee Stock Option

Resolution passed by Attendance Register of

circulation Directors Meetings
5 years 10 years

I do not want to
1 answer

0 True for Equities only

0 True only for NSDL.

Any one – as per their By first holder only

option exercised
1 True for CDSL only.

Will be closed and a Will be converted into

new account will be joint account along
opened. with the guardian.

A copy of Bank Pass

Affidavit in stamp Book (where new
paper duly notarized name appear)

0 True only for NSDL

0 True only for NSDL

Only securities held in Only mutual funds held
demat form in demat form

Credit Cards with photo Debit Cards with photo

issued by banks issued by banks

1 True only of NSDL

5 years 10 years

2 4

1 I do not want to
answer
 Scheduled Commercial
NGOs Banks operating in
India

FII registered with SEBI A Minor Investor

Pan CardD Ration Card

Clearing Member Settlement Account

Account

Stock Broker Funds Cleient Funds Account

Account
Stock Broker Securities Cleient Securities
Account Account

Stock Broker-Collateral Stock Broker- Trading

Account Account

Stock Broker-Collateral Stock Broker-Pool

Account Account

Stock Broker-Pool Stock Broker- Trading

Account Account

RBI Depository
Association of Mutual SEBI
Fund of India (AMFI)

Three Two

First Two Names of the All the Joint Account

Joint Holders Holders

Client Submit phito Verification of the client

copy of Bank Statement with UIDAI is carried
for last three months out through biometric
authentication
Margin Account Clearing Account
CDSL Both

CDSL only Both

Two Accounts one for Three Accounts. One for

Futures /Options and Futires/ Options
another for CM Regular ,Secondly forSLBM
Trading operation and third one
for Regular Trading

First Person only Second Person Only

Second Holders To a new demat

Individual Demat account opened jointly
Accounts by the existing account
holders
 0

Statement B only True Both Statements are

True

CDSL Both
CDSL

CDSL Both

CDSL Both

12 digits 16 digits

Invalid for operating

Demat Account
Can Open Can open and operate
for 6 months only

POA can operae the POA Holder does not

Account if he open the have the sole authority
account on behalf of to operate the account
the client
To the Client only To Both of them

Depositories Stock Exchange

SE-CM-ID CM-BP-ID
CDSL Both

CDSL RBI

Permitted only in case

1 of CDSL

1 False in case of NSDL.

Settlement of pledged
securities (on account Transfer of securities
of non-payment of from DP to CM
debt)

Two One

Separate Nomination Both individuals and

can be given in respect HUF can avail
of each ISIN nomination facility
 Number of security
Value –wise wise

Nomination Rules of
SEBI Act RBI

CDSL Both with NSDL & CDSL

Anybody who can open

Only Residents a DP Account.

Transposition Settlement

Nominee having Nominee having lowest

highest share share
 Depends upon the
1 value of holding

Only claim by legal

Only death certificate heirs.

DP account with NSDL DP account with CDSL

only only

0 True
Transposition Doccumentation

Transfer of Holdings Deceased Holding

CLOSED TO-BE-CLOSED

NRIs Both Resident and NRIs

Joint Accounts Trust

Trust Body Corporate

pro rata as decided by pro rata as decided by
Depository SEBI

CDSL Both depositories

Five lakhs Three lakhs

10 16

1 day (same day) 14 days

I do not want to
0 answer
 Depends upon the type
0 of securities

India Investment

Either BSE or NSE

CDSL (where the shares are
to be listed)
Certificate of Deposits
CPs issued by banks

1 True for NSDL only

DP Depositories

0 True for NSDL only

0 True for NSDL only

Dematerialization
be DP has to refuse to
request will accept DRF
entertained.

0 True for NSDL Only

DRF DIS
15 days 6 months

Depends upon the

0 securities

The DP account holder

expires and nominee Splitting of shares takes
claims the outstanding place
balance.

Can submit the

Cannot participate in application without
Client –id and submit
the IPO Client id before
allotment to R&T Agent

Returned to DP by R & Will be sent to BO

T Agent directly by R & T Agent
 Name of the
Type of securities (like depository (NSDL or
equity, debenture etc.) CDSL)

16 & 28 12 & 18

Dematerialization Demating Request

Request Format Form

Depends upon the

1 securities

0 Cannot be answered

Depository Issuer/RTA

Free & Lock in

Each ISIN securities
Depends upon the type
EQ of securities
Pre-fix, check digit & Check digit, Basic
Basic Number Number & Pre-fix
Consolidated Form Internet Form

Mechanically Endorsement on the

backof the physical
secrity

Unlisted Securities Banks Fixed Deposit

Receipt

International Securities Invalid Shares

Identification Number Identification Number
15 days 7 days

7 days 15 days
DEBIT

a Basic Number a Check Digit

Two-letter Country Two- Letter Postal Code

Code
SEBI RBI

Department of RBI
Economic Affairs
a Mutual Fund Central Government
 1

DRF-MF DRF-GS

Surrendered for Dematerialised

Dematerilisation

DRN OTP
7 days 21 days

Destatementisation Statement of Account

DRF-MF DRF-GS

15 days 21 days
Rematerialisation Dematerialisation

Rematerilisation Modification

Depository Registered holder of the

security

1 DP Role is only in NSDL

Pay Ins Settlement

On market trade Market trade

Depository SEBI

easi Track Pay

Date of Settlement in
Date of purchase and Clearing
sale in Stock Exchanges Corporation/Clearing
House.

By contacting his By referring his DP

clients Accounts

One CM A/c to another One DP to another DP

CM A/c

Selling by a stock Buying

broker out of his quantity ofofshareslarge
by
proprietary HNI clients.
investments.

On market FIIs
 Current Account with a
BO A/c Public Sector Bank

Wait till Completion of

one hour from the time Wait till Next day EOD
of debit

NSDL Both in CDSL & NSDL

Clearing Member to DP Clearing House to

account of the Clearing Member
purchaser

True. False for NSDL only

Two settlements are Two DP accounts are

involved involved

Receive the Securities Buy the Securities

Off market transactions Govt. Securities

Date of DIS Record Date

1 True for CSDL only

Stock Exchange & date Market Type & Date of

of trade trade

Standing Instruction Collection Instruction

Standing Instruction Collecting Instruction

Buying Date Selling Date

CDSL Both

Inside the Depository Clearing House

System

Clearing Corporation of Buyers BO account

the Stock Exchange

Broker Transaction Member Transaction

Claim Account Beneficial Account

DIS number Settlement Number

Settlement periods in a Calender Year

year
Settlement Calender Annual Calender

6.00 p.m 3.00 p.m

Delivery- Out Pay-In

easi easiest

Instant Delivery Auto Pay in

CDSL Both

BSE Both

Receipt Instruction Inter Depsoitory

Delivery Instruction

Inter Depsoitory Delivery Instruction Slip

Receipt Instruction

0
 1

Redirected Rejected

Pay-out break up Names and PAN

Depository Clearing Member

Anybody (either
Pledgee pledger or pledgee)

True in case of CDSL

0 only

Pledgee Depository

0 True for NSDL only

 Bonus shares
In hypothecation the representing the
shares continues to be hypothecated shares
in the names of the will be free from the
pledger charge in favor of the
pledgee

PIF ( Pledge Invocation DIS ( Delivery

from) Instruction Slip)

Dividends Right Shares

15 years No such limit

Pledgee Lender

Pledgee’s A/c Depository’s A/c

 False only in respect of
1 Equities

True for Equity shares

False of PSUs

Pledger Bank

Unilateral closure is on Unilateral Pledge is at

account of default in the request of the
repayment of amount pledger
borrowed

Invoke the pledge and Wait for repayment of

sell the securities the loan

Dematerialization of Dematerialization of
shares Govt Securities
 Security holder &
Borrower & Lender borrower

0 Can be True or False

Pledgee Always by the Bank

Right of the pledger to Right of the DP not to

substitute the pledged accept the pledge on
securities demat securities

True or False – depends

1 upon the value of the
securities pledged

10 years Need not be preserved

Bank Guarantor
NSDL

Free Balance Securities Both

only

Lender Depository

NSDL Both

Borrower Depository

Loan Sequence Number Pledge Identification

Number
 0

Pledgor Depository

the confirmation advice SEBI,s Approval

is entered in the DP
system
Depositor Guarantor

Creditted Neither Creditted nor

Debitted

0
Right Issue Bonus Issue

DPs SEBI

RTA Depositories

Depository DP

Right Issue Bonus Share issue

Depository R&T Agent

Credit is given in Splitting of shares is
respect of new ISIN prohibited once shares
without cancelling old are in demat form
ISIN

Issuance of Dividends Redemption of

Debentures

Dividends payments Interest payments

Neither debited nor

Debited credited

ECS NEFT

True – only if the

0 amount Is more than
Rs.10000
Redemption of Dividends.
Debentures

Depository DP

Distribution of the
Distribution of the amount in respect of
amount to all investors demat accounts held
with each depositories

Date of announcement Date of effecting the

corporate action

Statement B only True Both the statements are

True

Share Split Dividend Payment

ECS Postal Orders

New ISIN number for No ISIN numbers

the new securities

Pledgor Clearimg Member

Broker Account

Pledgee Depository

Ministry of Finance Depository

Interest Payment. All benefits other than
Monetary
RBI SEBI

Rs.50 crore Rs. 1 crore

0 True for Equities only

Shares will not be

allotted since DP
Demat form account particulars
were not specified.
 No right shares will be
Physical form issued

No shares will be
Demat form allotted

SEBI Act Depositories Act

5 years 8 years
 I do not want to
0 answer

Buy Back Proposal Delisting Option

Depositories Depository Participants

0
Department of SEBI
Company Affairs

DRF DRF – G.Sec

More than one year Up to 2 years.

Depends upon the type

0 of debt securities

Clearing Corporation of
RBI India

Treasury Bills Govt Bonds

Debentures Bonds

Close Period March of every year

True in case of dated

0 securities only
 True- if the investment
0 is above Rs. 10 lakhs

True – if the value of

0 holding is less than Rs.
10 lakhs

RBI DPs

1 True for NSDL

1000 10

Depositories AMFI
Application money Of confirmation of DP
received. A/c details by a DP

0 True for TBs only

1 Cannot say

False in case of
1 institutions

SEBI Commodity Exchanges

1 Cannot be answered
RBI – PDO office DPs

Bank Depository

Both Govt securities There should be

and shares can be held separate DP accounts
in a single account and for Govt Securities and
separate statements Shares and separate
will be issued for Govt statements will be
Securities and Shares issued

Investor has option to Issuer has to call

get the amount from (either over phone or
the issuer prior to the through letter) before
making payment of the
redemption date. security

CDs Debentures

True if the value of

0 holding is above Rs. 5
crores

NSDL SEBI

Debentures CDs
Debits SGL 2 a/c of the Debits the CA of the DP
depository and credits and
the securitiescredits the
the CA of in SGL 2 a/c
depository

Only by financial
Only by banks institutions
Interest Payment for Conducting a CSR
Debentures activity

Dividend Rights Issue

Depository Depository Participant

Automatic Corporate Corporate benefit
Action Action

Stocks Debt Securities

Bonds Debentures

Public Sector Reputed NBFC,s

Undertakings
Governed Securities Government Securities
0

Coupon / Interest Rate Redemption date

 0

Letter of Understanding Letter of Memorandum

Refund Redemption date

De-Activated Allotted

Commission Payments Charges Payment

Derivative Call Option

Speculation Put Option

3 lacs 2 lacs

BY Clesring Member By outside the

depository system
2 days before the 5 days before the
redemption redemption

3 lacs 1 lac

One Year More than one year

RBI MOF

Public Provident Fund Public Grievences Office

Office(PPF) (PGO)

Not Permitted Permitted once

RBI SEBI
Closed Period Lock Period

0 Do not want to answer

Legally permitted to
Not a Non Resident invest outside their
Indian country

Not open account Open Account only

after submitting an
before getting PAN application for PAN

Memorandum &
Permitted to invest Articles permits
outside their country investments

5% 49%

United Nations China

 Bank in a foreign
Persons not resident in country whose central
India bank is a member in
BIS

Participant registered Custodian of securities

with SEBI registered with SEBI

SEBI RBI

Government Agencies Mutual Funds

Charitable Socities Corporate Bodies

0
60 days 31 days

Resident Individul Sub-Accounts

Investors

Rs. 1.00 lakhs Rs. 50,000/-

5 10

0 True only for NSDL

0 True for NSDL Only

for every new A/c if the for all the BSDA

account gets at least accounts – new as well
one credit during the as existing
financial year.

True – only if the

holding of exceeding
0 Rs. 2 lakhs continues
for 3 months.

A person having a DP A person intending to

account with another invest Rs. 5.00 lakhs in
DP equities

NIL for holding up to Rs. 100 up to Rs. 2.00

Rs. 2.00 lakhs lakhs
Basic Statistical Demat Basic Services DeMat
Account Account
Market value at the end Face Value
of previous day

52 weeks highest price Daily closing price

Repurchase Price of MF NAV of MF

Every Quarter Once in 6 months

No statement will be Once in a year

sent in that quarter

For the month when For the half year when

the balance became the balance became
ZERO ZERO
100 No Charges

4 6

2 1

1
 D E

Depends upon the size

of secondary market
transactions

None of these

Regulators

None of these

Regulating Security
Market

None of these
False in case of
Rural/Semi-urban
centers

Stock Exchanges

FPO

Do not want to answer

I will answer latter

National Institute for
Stock Markets
Stock Exchange Board
of India

Public Sector
Undertakings (PSUs)

To protect the interest

of the Customers of
commercial banks.
National Company Law
Tribunal

Department of
Economic Affairs

NSE

RBI Act 1934

False in case of Debt
Securities

Stock Exchanges

As decided by
individual DPs

Rs. 50 crore

More than 10
True only for CDSL

All of these

I will answer latter

Bankers
Liquidity

Issuer Company

Custodian for Security

holder

SEBI

Securities are Not

Transferable
IRDA

5 percent

Private Ltd Company

1%
3 months.

No time limit has been

specified.

True only in case of

Debt Securities

Basic contract

None of the above

No such limit

NSE/BSE

Can be closed by giving

one month notice.
True for CDSL only

Need not send.

BOs (minimum 25%)

6 months after

Rs. 1000
Unlimited

RTA

Stock Exchanges

None of these

Once in a month

Securitized Debt

All of these

None of the above.

Yearly basis

I do not want to
answer

Not co-operated in any

investigation
conducted by SEBI

not to acknoledge
anything

Registered Owner
ROC

Bankers
10 Crore

5 Crores

15 days

10 Crore
Both B and C

Consolidated
Depository
Statement(CDR)

one Year

once in a Year
30 days

15

SEBI and Depository

100 Crore
Receipt on getting the
securities credited to
his account.

Neither in NSDL nor in

CDSL

18

True in case of debt

securities only

Bank account details.

True for CDSL only

True for CDSL

True – in case the

holdings are below Rs.
1.00 crore

True – in case of NSDL

only

Single contact point for

portfolio valuation

Statement of Treasury
True for CDSL only

One – since joint DP

accounts are not
permitted.

True for CDSL only

True for CDSL only

First holder and any

other person is
sufficient.

Both with finger print

and iris scanning.

Not consider the

request as NSDL does
not permit the change
in signature.

Demat Instrument Slip

Minor himself – if he
has completed age of
15.
Only both and credit
together.

Trusts

Sole proprietors cannot

open DP accounts

True for CDSL only

Depends upon the

Depository where DP
account is being
opened by the investor.

Maximum 10

Illiterate person cannot

open DP account.
Both NSDL and CDSL

Both in physical forma

and electronic form

True for Regular

accounts (other than
BSDA) only

Renewed or Duplicate
certificates

Postal Ballot Forms

No minimum period –
to be kept as a
permanent record.

I will answer latter

False for Equities only

True only for CDSL

By the second holder

only
True for NSDL only.

None of these

None of these

True only for CDSL

True only for CDSL

None of these

Identity card with

photo issued by
Scheduled Commercial
Banks

True only for CDSL

Permanently

I will answer latter

Accounts opened for
demating only Govt
Securities.

Valuable Investor

Cancelled Cheque Leaf

Benefitial Owner
Account

None of the above

Cleient Funds Account

None of the above

Stock Broker- Trading

Account

Stock Broker-
Settlement Account

SEBI
IRDA

No LIMIT

POI and POA not

necessary for Joint
Accou ts

At any cost IPV is

mandatory

Benefitary Owner
Account
Not furnished

None of the above

Allthe three are correct

Only to the Last person

to Government account
Statement B is False
Accounts are not
opened

Accounts are not

opened

15 digits
Can open and operate
till the date of expiry of
POA

None of the above

To None of them

Clearing Member

CM-DP-ID
Cannot be changed

SEBI

Permitted both in
NSDL & CDSL

False in case of CDSL.

Transfer of securities
from CM to DP

As decided by
NSDL/CDSL.

To avail nomination,
nominee’s photo is to
be provided while
opening account under
NSDL
None of these – as
specified by the
deceased account
holder

Stock Exchange Rules

Neither with NSDL nor

with CDSL

Only NRIs.

Pay – Out

Last nominee
 Depends upon the
year of opening.

None of these

None of these

True for CDSL only

Liquidation

None of the above

DECEASED ACCOUNT

Corporates
None of the above

Individual
Equal

None of the above

Two lakhs

No such stipulation –
can vary depending
upon the security

30 days

There is no such
process in demat
accounts
Depends upon the
amount raised under
different securities

Ideal

SEBI

T Bills

True for CDSL only

SEBI

True for CDSL only

True for CDSL only

DP can attest the

signature of the
investor.

True for CDSL Only

Demat Serial Number

3 months

None of these

DP account is
transferred from one
DP to another.

None of these

None of these
Year ( in which the
number is allotted)

16 & 18.

None of these.

None of these

Do not want to answer

SEBI

Securities locked-in for

different reasons

NS

Pre-fix, check digit &

Basic number.
None of these

No transfer took place.

Commercial Paper

Initial Security
Identification Number
21 days

30 days
IFSC number

Two-Letter Stock
Exchange Code
NSE

SEBI

State Government
DRF-Debenture

None of the above

UID
30 days

Demat Account

DRF-Debenture

30 days
Decentralisation

Notification

Company

DP Role is only in CDSL

Off market transactions

None of these.
RBI

None of these

Date of contract notes

issued by the stock
broker representing the
transaction.
Internet facility
provided by the
depositories.

On Settlement to
another Settlement.

None of the above

Banks
 Term Deposit is
Clearing Bank

Return the Debit

transaction.

Neither in CDSL nor in

NSDL
Clearing house makes
payment to broker of
the seller

False for CDSL only.

Two brokers are

involved

Sell the securities

Certificate of Deposits
Date of Receipt at DP
office

True for NSDL only

Date of Trade & Broker

code

Payment Instruction

Payment Instruction

Trading Date
Wait for execution

Clearing Corporation

Broker DP account

DP Transaction

Trading Account

Broker Number

Assesment Year
Monthly Calender

8.00 p.m

Delivery-in

worst

Normal Delivery Out

None of the above

None of the above

Transfer Instruction

Transfer Instruction
Acknowledged

PAN and DP ID
Stock Exchange

None – pledge created

cannot be closed.

True in case of NSDL

only

DP

True for CDSL only

No difference in case of
demat securities

PRF ( Pledge Request

Form)

All of these

As decided by
individual DPs

DP – where the Demat

account is maintained

Clearing Members A/c

True only in respect of
Equities

True for shares of

Private Sector
companies.

DP account holder

None of these

Inform the issuer/R&T

Agent and get the
shares transferred in
the name of the
pledgee.

Payment of interest on
debentures
Lender & Security
holder

Invocation of pledge is
not permitted

None of these.

Right of the Pledger to

get the securities
transferred back after
closure of the loan

False for NSDL & True

for CDSL

As decided by
respective DPs

Depositor
Not eligible for pledge /
hypothecation

DP

None of the above

DP

ISIN
DP

RBI,s Approval

Borrower

Either Creditted or
Debittted
Share Splits (of face
value).

Issuer

DPs

Stock Exchange

Splitting of shares

Stock Exchanges
None of the above

Application for Right

shares

None of these

Either debited or
credited

Demand Draft

True – only if the

amount is Rs.50000
and above
Payment of interest on
bonds.

SEBI

None of these

None of these-
depends upon the type
of corporate action.

Both the Statements

are False

Bonus Issue
Money Order

None of the above

No Bonus issues will be

made to the BO

DP

RTA or STA
All the Three above

Issuer Company

Rs. 25 crore

False for Equities only

Kept in suspense and R

& T Agent will get DP
A/c particulars to allot
the shares.
Either in Demat or in
Physical form – as
decided by the
Depository

Can be either in demat

or in physical form as
decided by the issuer.

None of these

10 years
I will answer latter

Tender Offer

Investors
RBI

GS- Demat

As decided by Govt of
India from time to
time.
Depends upon the
market price of the
securities.

SEBI

Debentures

Commercial Papers

As announced by RBI
from time to time.

True in case of TBs only

True – if the
investments are more
than Rs. 1 crore.

True – if the value of

holding is more than
Rs. 10 lakhs

AMFI

True for CDSL

500

Respective R & T Agent

Letter of Confirmation

True for Dated

securities only

Do not want to say.

True only of individuals

Stock Exchanges

Largely true
Clearing Corporation of
India

RBI

There should be
separate accounts for
Govt securities and
shares and single
statement will be
issued.

Option made available

to RBI to
reduce/increase the
rate of interest on Govt
Securities.

Bonds

True if the value of

holding is above Rs. 10
crores.

Finance Ministry.

CPs
Debits the SGL 2 a/c of
DP and credits the CA
of DP

NBFCs
Announcing Book
closure date

Interim Dividiend

The Stock Exchange

Motivated Corporate
Action

Prime Securities

Preference Shares

Scheduled Commercial
banks
None of the above

All the Three above

Letter of Allotment

Multiplication

Monitored

Interest Payment
Put Option

Call Option

1 lac

By Depository
Participants
on the redemption date

5 lacs

None of the above

None of the above

Public Debt Office

(PDO)

Permitted twice

Depositary participant
Shut Period

Will answer latter.

Fit and proper person

based on SEBI criteria.

Not open account as

FPIs are not permitted
to have DP a/c in India

Not resident in India

24%

Pakistan
 Applicant is a resident
of a country whose
market regulator is a
signatory of bilateral
MOU with SEBI

Category 1 Authorized
Dealer bank –
authorized by RBI

Designated Depository
Particpants (DDPs)

Investment Trusts

Mutual Funds
Not applicable for FPI

Qualified Financial
Institutions

No such limit.

Nil

True only for CDSL

True for CDSL Only

No such incentive is
provided

None of the above.

1st account holder in an

existing joint DP A/c

Can be decided by
individual DPs.
Basic Social Demat
Account
None of the above

Monthly average
closing value

None of the above

Every Year

Once in a year in
physical form

None of the above

150