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With reference to the Central Depositories Services India Ltd, consider the following statements:
  1. It is a government-registered share depository, alongside its other state-owned counterpart National Securities Depository Ltd (NSDL).
  2. It was founded in 2010.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Central Depositories Services India Ltd, conside...
Central Depository Services (India) Ltd or CDSL recently detected a cyber attack on a few of its internal machines.
  • It is a government-registered share depository, alongside its other state-owned counterpart National Securities Depository Ltd (NSDL).
  • Share depositories hold shares in an electronic or dematerialised form and are an enabler for securities transactions, playing a somewhat similar role to what banks play in handling cash and fixed deposits.
  • CDSL was founded in 1999. It is a Market Infrastructure Institution or MII that is deemed as a crucial part of the capital market structure, providing services to all market participants, including exchanges, clearing corporations, depository participants, issuers and investors.
Hence only statement 1 is correct.
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With reference to the Central Depositories Services India Ltd, consider the following statements: It is a government-registered share depository, alongside its other state-owned counterpart National Securities Depository Ltd (NSDL). It was founded in 2010.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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