Financial Awareness - Risk, Stability & Emerging Finance
Which of the following is a key responsibility of the Depository Participant (DP) in the Indian securities market?
Which of the following is a key responsibility of the Depository Participant (DP) in the Indian securities market?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand Depository Participant's role
DPs act as agents of depositories and maintain dematerialized securities accounts for investors.Step 2: Eliminate unrelated functions
Regulating stock exchanges is SEBI's role; issuing securities is done by companies; monetary policy is RBI's function.Final Answer:
Maintaining investor's demat accounts → Option CQuick Check:
Depository Participant role = maintain demat accounts ✅
Quick Trick: DPs are the interface between investors and depositories.
Common Mistakes:
- Confusing DP with regulators or issuers.
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