Question

The Depository provides its services to investors through its agents called _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .

• A. Registered Owner
• B. Beneficiary owner
• C. Depositary Participants
• D. Agencies

Hint:

Remember: Depository (NSDL/CDSL) → Depository Participants (Banks/Brokers) → Investors. DPs are the service providers/internediaries for investors.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
Investors cannot interact directly with the depository. They need an intermediary.
Step 2: Detailed Explanation:
The Depository Participant (DP) is the agent of the depository.
Stockbrokers, banks, and financial institutions are typical DPs.
Investors open their Demat accounts with a DP to access the services provided by NSDL or CDSL.
Step 3: Final Answer:
(C) Depositary Participants