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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Justify the following statement. Depository system is very similar to the banking system.

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प्रश्न

Justify the following statement.

Depository system is very similar to the banking system.

औचित्य
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उत्तर

  1. As a bank keeps the money safe. Similarly, a depository system keeps the securities safe.
  2. As in a bank, funds are held in accounts having unique numbers. Similarly, in a depository system, securities are held in accounts having unique IDs.
  3. Like a bank, there is no physical handling of securities during allotments, transfers, etc.
  4. In a bank, the transfer of funds between accounts is done. Similarly, in a depository system, the transfer of securities between accounts is done.
  5. Hence, depository system is very similar to the banking system.
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Depository System
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पाठ 9: Depository System - Exercises [पृष्ठ १४२]

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बालभारती Secretarial Practice [English] Standard 12 Maharashtra State Board
पाठ 9 Depository System
Exercises | Q 6.4 | पृष्ठ १४२
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