n NISM Certifications
VII NISM Series VII
Medium

The Depository provides its services to clients through its agents called ________.

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

Options

  1. A

    Remisiers

  2. B

    Brokers

  3. Depository Participants

    Correct answer

  4. D

    Authorised Persons

Why this is the answer

Depository Participants (DPs) are agents of the depository who provide investors with depository services such as dematerialisation and securities transfer.

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