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Question
State whether the following statement is true or false.
Depository system is very similar to banking system.
Options
True
False
Solution
This statement is True.
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RELATED QUESTIONS
In physical mode, securities are held in ______ form.
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Answer in one sentence.
What is Depository System?
Correct the underlined word and rewrite the following sentence.
Electronic mode of holding securities is risky.
Correct the underlined word and rewrite the following sentence.
Allotment and Transfer of securities are time consuming in electronic mode.
Correct the underlined word and rewrite the following sentence.
India has a single Depository system.
Justify the following statement.
The electronic holding of securities is safer than physical holding.
Justify the following statement.
The depository system results in reduced time, cost, and efforts.
India has a ______ depository system.
India has a single depository system.