NISM Certifications · NISM-Series-VI: Depository Operations · Depository and its Business Partners
Which of the following is a depository in India?
National Securities Depository Limited is a depository. India has two depositories, NSDL and CDSL. The other options are an exchange, a clearing corporation and an appellate tribunal, none of which holds securities in electronic form for investors.
- ANational Securities Depository LimitedCorrect
- BNational Stock Exchange
- CIndian Clearing Corporation Limited
- DSecurities Appellate Tribunal
Explanation
India has two depositories, NSDL and CDSL. NSE is an exchange, ICCL is a clearing corporation, and SAT is an appellate body hearing appeals against SEBI orders.
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