n NISM Certifications
VII NISM Series VII
Medium

Clearing Members have to open Demat accounts with which of these depositories?

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    NSDL

  2. B

    CDSL

  3. C

    Any one – Either NSDL or CDSL

  4. Both – NSDL and CDSL

    Correct answer

Why this is the answer

Clearing members must have demat accounts with both NSDL and CDSL to facilitate clearing and settlement.

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NISM Series VII Mock Test 6