Banking General Awareness Banking System Question Bank Previous Years Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    As per the newspaper reports, some economically developed states only hold about 60% of the total 'Demat Accounts' in India. A demat Account is    [BOI 2008]

    A)  an account which is opened by the people of the lower income groups of society.

    B)  an account in which trading of the shares is done.

    C)  an account which can be opened only by minors.

    D)  an account which can be operated by big corporate houses and are mainly business accounts like current acounts.

    E)  None of these

    Correct Answer: B


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