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| Q. |
What is referred to as 'Depository Services'? |
| A. | A new scheme of fixed deposits |
| B. | A method for regulating stock exchanges |
| C. | An agency for safe-keeping of securities |
| D. | An advisory service to investors |
| Answer» C. An agency for safe-keeping of securities | |
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Explanation: 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. |
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