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Commerce · Q789

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 789

Q789

Which of the following statements is true?

A.
A SEBI registered stock broker having a 'minimum networth of Rs. 1 crore is eligible to join NSDL as a DP
Answer
B.
A stock broker having a minimum networth of Rs. 50 lakh is eligible to join NSDL as a DP irrespective of whether it is registered with SEBI
C.
A SEBI registered stock broker is eligible to join NSDL as a DP. There is no minimum networth requirement
D.
A SEBI registered stock broker having a minimum networth of Rs. 50 lakh is eligible to join NSDL as a DP

Answer: Option A

Solution

Answer: Option A
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