NISM Certifications · NISM-Series-VI: Depository Operations · Investor Services (NISM VI)
Ms. Iyer has lost her Delivery Instruction Slip (DIS) booklet. What should she do to protect her demat account?
She should immediately inform her DP in writing about the lost DIS booklet. The DP then blocks those slip numbers and issues a new booklet, preventing misuse of the slips to transfer securities out of her demat account.
- ADo nothing since DIS cannot be misused without the PIN
- BInform the DP in writing immediately so the lost slips can be blocked and a new booklet issuedCorrect
- CClose the bank account linked to the demat
- DInform only the issuer company
Explanation
A lost DIS could be used to transfer securities, so the BO must promptly notify the DP in writing. The DP then freezes the lost slip numbers and issues fresh slips. Waiting or informing an unrelated party leaves the account exposed.
Did you get it right without looking?
One question tells you little. A timed set on Investor Services (NISM VI) shows your real accuracy, how long you take and where you lose marks.
More Investor Services (NISM VI) questions
- Meena, a BO, has changed her address. Which course is correct for the DP servicing her demat account?
- Mr. Vivek Joshi wants to change the address registered in his demat account. Which practice is correct for the DP?
- A BO wants to freeze his demat account so that no debits can happen for a period. Which statement is correct about the freeze facility?
- A BO complains to his DP about non-receipt of a bonus credit and gets no satisfactory response. He wishes to escalate within the depository …
- Mr. Rajan Iyer, a beneficial owner, wants to find out how his complaint against a Depository Participant can be escalated if the DP does not…
- Ms. Kavita Menon, a BO, wants to receive statements of her demat account and a transaction statement. Which statement must a DP provide to a…