n NISM Certifications
XV NISM Series XV
Medium

Which entity maintains ownership records of securities in electronic or book-entry form?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stock Exchanges

  2. B

    Stock Brokers

  3. C

    Banks

  4. Depositories

    Correct answer

Why this is the answer

Depositories hold securities electronically and maintain ownership records. Exchanges facilitate trading, brokers execute trades, and banks manage accounts, but do not maintain centralized records.

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