n NISM Certifications
VII NISM Series VII
Medium

Identify the TRUE statements about Depository Transfer:

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Transfer instruction can be initiated by clients or via Demat Debit & Pledge Instruction (DDPI)

  2. B

    Securities move through account transfer

  3. Both of the above are true

    Correct answer

  4. D

    None of the above

Why this is the answer

In depository transfers, clients can initiate instructions directly or via DDPI; securities move through account transfers in the depository system.

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NISM Series VII Mock Test 5