n NISM Certifications
VII NISM Series VII
Medium

Depository Participants (DPs), upon receiving instructions from the depository, take responsibility for distributing corporate benefits. State True or False.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Depository Participants manage corporate actions such as dividends and bonuses on behalf of depositories. They may either inform issuers about beneficiaries or directly handle the distribution of benefits.

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