Consider the following statements regarding Depository Services in India: Statement 1: Depository Services provided by banks acting as DPs allow investors to hold securities in electronic form, eliminating physical certificate risks. Statement 2: A bank can be a participant registered with both NSDL and CDSL to facilitate exchange settlements. Statement 3: The process of Dematerialization involves converting physical certificates into an electronic balance, whereas converting electronic balances back into physical certificates is called Rematerialization. Analyze the accuracy of the statements and select the correct observation:

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Banking · Depository Services

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement 3 correctly distinguishes Demat and Remat; all statements 1, 2, and 3 are correct.

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Answer 1

All statements are false.

Answer 2

Statement 2 is false; others are correct.

Answer 3

Statements 1 and 2 are correct; Statement 3 is fully false.

Answer 4

Statement 3 correctly distinguishes Demat and Remat; all statements 1, 2, and 3 are correct.

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