Write short note on:D-mat account – InterviewSolution

InterviewSolution

1.	Write short note on:D-mat account
Answer» A D-mat account refers to the account opened for electronic transactions of securities (used for purchase and sale of shares and debentures, futures, options and other securities) and keeping securities in the electronic form instead of in the form of a paper document (physical form). Transactions of a D-mat account are made through an investment broker.

Discussion

No Comment Found

Related InterviewSolutions

Give reason or explain the following statement:Overdraft facility is provided to current account holders.
What are the secondary functions of commercial banks?
What are the primary functions of commercial banks?
State with reason whether you agree or disagree with the following statement.A commercial bank create credit on the basis of primary deposit.
Fill in the blank with appropriate alternatives given below : _________is a primary function of commercial banks.OptionsPurchasing and selling securitiesAccepting depositsSafe deposit vaultLetter of credit
State whether the following statement is True or False. Commercial banks are the backbone of modern economy.OptionsTrueFalse
State with reason whether you agree or disagree with the following statement.Commercial banks perform many general utility services.
What are the different types of loans provided by commercial banks?
Distinguish between:Current account and saving account
Give reason or explain the following statement:Rate of interest on fixed deposit is high.