n NISM Certifications
VII NISM Series VII
Medium

The Demat account of clients normally has a ____ account linked to it.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Client

  2. Bank

    Correct answer

  3. C

    Broker

  4. D

    FII

Why this is the answer

A Demat account must be linked to a bank account to facilitate transfer of monetary benefits such as dividends, refunds, and interest payments, even if no trading account is linked to it.

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