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What is referred to as ‘Depository Services’ ?
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- A new scheme of fixed deposits
- A method for regulating stock exchanges
- An agency for safe-keeping of securities
- An advisory service to investors
- A new scheme of fixed deposits
Correct Option: C
It is a service offered by a securities depository under which the depository maintains book accounts recording the ownership of securities held on behalf of the depository’s participants, for eligible securities.
