Maharashtra State BoardHSC Commerce 12th Board Exam
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Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 9 - Depository System [Latest edition]

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Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 9: Depository System

Exercise
Exercise [Pages 137 - 142]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 9 Depository System Exercise [Pages 137 - 142]

Exercise | Q 1 A) 1. | Page 137

Select the correct answer from the options given below and rewrite the statement.

In physical mode, securities are held in ______ form.

  • Paper

  • Dematerialization

  • Electronic

Exercise | Q 1 A) 2. | Page 137

Select the correct answer from the options given below and rewrite the statement.

Risk of losing certificates exists in ______ mode.

  • Physical

  • Dematerialised

  • Digital

Exercise | Q 1 A) 3. | Page 137

Select the correct answer from the options given below and rewrite the statement.

In Depository System, securities are held in ______ form.

  • Scrip based

  • electronic

  • Physical

Exercise | Q 1 A) 4. | Page 137

Select the correct answer from the options given below and rewrite the statement.

______ is the institute which facilitates electronic holding of securities.

  • Depository participant

  • Issuer

  • Depository

Exercise | Q 1 A) 5. | Page 137

Select the correct answer from the options given below and rewrite the statement.

There is no payment of ______ when securities are demated.

  • Octroi

  • Wealth Tax

  • Stamp Duty

Exercise | Q 1 A) 6. | Page 137

Select the correct answer from the options given below and rewrite the statement.

Depository Act was passed in __________.

  • 1919

  • 1996

  • 1999

Exercise | Q 1 A) 7. | Page 137

Select the correct answer from the options given below and rewrite the statement.

India has a ______ depository system.

  • sole

  • multi

  • single

Exercise | Q 1 A) 8. | Page 137

Select the correct answer from the options given below and rewrite the statement.

______ is a constituent of depository system.

  • Government

  • Issuer

  • Trust

Exercise | Q 1 A) 9. | Page 137

Select the correct answer from the options given below and rewrite the statement.

______ is the oldest depository in India.

  • Dow Jones

  • NSDL

  • CDSL

Exercise | Q 1 A) 10. | Page 138

Select the correct answer from the options given below and rewrite the statement.

Demat account is opened by ______.

  • Beneficial Owner

  • CDSL

  • SEBI

Exercise | Q 1 A) 11. | Page 138

Select the correct answer from the options given below and rewrite the statement.

Demated shares are ______.

  • Non-transferable

  • Fungible

  • Bearer

Exercise | Q 1 A) 12. | Page 138

Select the correct answer from the options given below and rewrite the statement.

______ is a unique code given to a security.

  • IBM

  • BBM

  • ISIN

Exercise | Q 1 A) 13. | Page 138

Select the correct answer from the options given below and rewrite the statement.

In India ISIN for corporate securities is allotted by ______.

  • NSDL

  • Central Govt.

  • State Govt.

Exercise | Q 1 A) 14. | Page 138

Select the correct answer from the options given below and rewrite the statement.

______ has to apply for ISIN.

  • Company

  • Depository participant

  • Depositors

Exercise | Q 1 A) 15. | Page 138

Select the correct answer from the options given below and rewrite the statement.

______ has to pay charges to maintain Demat Account.

  • Investor

  • Issuer

  • Depository

Exercise | Q 1 A) 16. | Page 138

Select the correct answer from the options given below and rewrite the statement.

NSDL is promoted by ______.

  • NSE

  • BSE

  • FTSE

Exercise | Q 1 A) 17. | Page 138

Select the correct answer from the options given below and rewrite the statement.

CDSL is promoted by ______.

  • NSE

  • BSE

  • FTSE

Exercise | Q 1 B) | Page 138

Match the pairs.

Group ‘A' Group ‘B'
a) Bad Delivery 1) 1956
b) Depository Act 2) A 12 digit number/code.
c) ISIN 3) Connects Government and Bank.
d) Depository participant 4) Second Depository in India.
e) CDSL 5) The Issuer Company.
f) Depository 6) Problem faced in physical mode.
g) Beneficial owner 7) A 10 digit number/code.
  8) Connects Depository and Investor.
  9) First Depository in the world.
  10) Coustodian of securities in electronic form.
  11) Problem faced in electronic mode.
  12) 1996
  13) Government Organisation.
  14) The Investor.
Exercise | Q 1 C) 1. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This mode of holding securities may result in loss and theft of certificates.

Exercise | Q 1 C) 2. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

The organization which holds the securities in electronic mode.

Exercise | Q 1 C) 3. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This system eliminates storing of certificates.

Exercise | Q 1 C) 4. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This system allows faster and easier transfer of securities.

Exercise | Q 1 C) 5. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

The oldest Depository of India.

Exercise | Q 1 C) 6. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

The country where depository system started for the first time.

Exercise | Q 1 C) 7. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

The registered owner of securities.

Exercise | Q 1 C) 8. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

The Agent of the Depository.

Exercise | Q 1 C) 9. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This process converts securities into electronic form from physical form.

Exercise | Q 1 C) 10. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This process converts securities into physical form from electronic form.

Exercise | Q 1 C) 11. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This means securities are without distinctive identity number.

Exercise | Q 1 C) 12. | Page 139

Write a word or a term or a phrase which can substitute the following statement.

This is the unique code for security given in depository system.

Exercise | Q 1 D) 1. | Page 139

State whether the following statement is true or false.

Physical mode of holding securities is risky.

  • True

  • False

Exercise | Q 1 D) 2. | Page 139

State whether the following statement is true or false.

Allotment of securities take longer time when in physical mode.

  • True

  • False

Exercise | Q 1 D) 3. | Page 139

State whether the following statement is true or false.

Transfer of securities is easier in electronic mode.

  • True

  • False

Exercise | Q 1 D) 4. | Page 139

State whether the following statement is true or false.

Bad delivery is likely in Depository System.

  • True

  • False

Exercise | Q 1 D) 5. | Page 139

State whether the following statement is true or false.

Depository system began in the USA for the first time in the world.

  • True

  • False

Exercise | Q 1 D) 6. | Page 139

State whether the following statement is true or false.

India has a multi Depository System.

  • True

  • False

Exercise | Q 1 D) 7. | Page 139

State whether the following statement is true or false.

Depository system is very similar to banking system.

  • True

  • False

Exercise | Q 1 D) 8. | Page 139

State whether the following statement is true or false.

DP is a constituent of Depository System.

  • True

  • False

Exercise | Q 1 D) 9. | Page 139

State whether the following statement is true or false.

DP is an agent of Depository.

  • True

  • False

Exercise | Q 1 D) 10. | Page 139

State whether the following statement is true or false.

A Bank can work as a DP.

  • True

  • False

Exercise | Q 1 D) 11. | Page 139

State whether the following statement is true or false.

DRF is required for conversion from physical to electronic.

  • True

  • False

Exercise | Q 1 D) 12. | Page 139

State whether the following statement is true or false.

ISIN is a unique code given to the specific securities.

  • True

  • False

Exercise | Q 1 E) 1. | Page 139

Find the odd one.

  • Elimination of storage of Certificates

  • Theft of Certificates

  • Torn Certificates

Exercise | Q 1 E) 2. | Page 139

Find the odd one.

  • NSDL

  • CDSL

  • NBFC

Exercise | Q 1 E) 3. | Page 139

Find the odd one.

  • Depository

  • DP

  • RBI

Exercise | Q 1 E) 4. | Page 139

Find the odd one.

  • DP

  • BO

  • State Government

Exercise | Q 1 E) 5. | Page 139

Find the odd one.

  • Issuer

  • BO

  • Central Government

Exercise | Q 1 E) 6. | Page 139

Find the odd one.

  • DRF

  • RRF

  • PPF

Exercise | Q 1 F) 1. | Page 140

Complete the sentence.

Central location for keeping securities in demated form is ______.

Exercise | Q 1 F) 2. | Page 140

Complete the sentence.

Freezing of debit/credit of securities is possible in ______.

Exercise | Q 1 F) 3. | Page 140

Complete the sentence.

First Depository of the world started in the year ______.

Exercise | Q 1 F) 4. | Page 140

Complete the sentence.

The Indian Depository Act was passed in the year ______.

Exercise | Q 1 F) 5. | Page 140

Complete the sentence.

Link between Depository and Investor is ______.

Exercise | Q 1 F) 6. | Page 140

Complete the sentence.

Account of securities of the Investors is maintained by ______.

Exercise | Q 1 F) 7. | Page 140

Complete the sentence.

The process which converts physical securities in electronic form is ______.

Exercise | Q 1 F) 8. | Page 140

Complete the sentence.

The process which converts digital securities in physical form is ______.

Exercise | Q 1 F) 9. | Page 140

Complete the sentence.

The Issuer company must register with ______.

Exercise | Q 1 F) 10. | Page 140

Complete the sentence.

The unique code identifying a security is ______.

Exercise | Q 1 F) 11. | Page 140

Complete the sentence.

The first depository of India is ______.

Exercise | Q 1 G) (I) | Page 140

Select the correct option from the bracket.

Group ‘A' Group ‘B'
a) Dematerialization 1) ____________
b) ____________ 2) DP
c) First depository of world 3) ____________
d) CDSL 4) ____________

(1999, Agent of Depository, Germany, physical to electronic)

Exercise | Q 1 G) (II) | Page 140

Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) First depository in India 1) ____________
b) ____________ 2) Rematerialisation
c) Fungibility 3) ____________
d) ____________ 4) ISIN

(12 digit code, NSDL, Electronic to physical, No distinctive number)

Exercise | Q 1 H) 1. | Page 140

Answer in one sentence.

What is Depository System?

Exercise | Q 1 H) 2. | Page 140

Answer in one sentence.

Give examples of action termed as corporate action.

Exercise | Q 1 H) 3. | Page 140

Answer in one sentence.

When was Depository Act passed in India?

Exercise | Q 1 H) 4. | Page 140

Answer in one sentence.

What is a DP?

Exercise | Q 1 H) 5. | Page 140

Answer in one sentence.

What is Dematerialisation?

Exercise | Q 1 H) 6. | Page 140

Answer in one sentence.

What is Rematerialisation?

Exercise | Q 1 H) 7. | Page 141

Answer in one sentence.

What is ISIN?

Exercise | Q 1 H) 8. | Page 141

Answer in one sentence.

Name the depositories in India?

Exercise | Q 1 I) 1. | Page 141

Correct the underlined word and rewrite the following sentence.

Electronic mode of holding securities is risky.

Exercise | Q 1 I) 2. | Page 141

Correct the underlined word and rewrite the following sentence.

Allotment and Transfer of securities are time consuming in electronic mode.

Exercise | Q 1 I) 3. | Page 141

Correct the underlined word and rewrite the following sentence.

Banking system leads to a scrip less capital market.

Exercise | Q 1 I) 4. | Page 141

Correct the underlined word and rewrite the following sentence.

Storage of Certificates is not required in Physical mode of holding.

Exercise | Q 1 I) 5. | Page 141

Correct the underlined word and rewrite the following sentence.

India has a single Depository system.

Exercise | Q 1 I) 6. | Page 141

Correct the underlined word and rewrite the following sentence.

Depository Participant in India has to register under the partnership act.

Exercise | Q 1 I) 7. | Page 141

Correct the underlined word and rewrite the following sentence.

Demat accounts are opened and maintained by the Depository.

Exercise | Q 1 I) 8. | Page 141

Correct the underlined word and rewrite the following sentence.

Securities are fungible in Physical mode.

Exercise | Q 1 I) 9. | Page 141

Correct the underlined word and rewrite the following sentence.

ISIN is a code given to a company.

Exercise | Q 1 I) 10. | Page 141

Correct the underlined word and rewrite the following sentence.

ISIN of Indian Government securities is issued by NSDL.

Exercise | Q 1 J) 1. | Page 141

Arrange in proper order.

  1. Gets Statement of Accounts
  2. Open Demat Account
  3. Submit DRF
Exercise | Q 1 J) 2. | Page 141

Arrange in proper order.

  1. Investor (BO) submits an application for securities to the issuer company.
  2. Depository intimates the DP about crediting BO's Account.
  3. Issuer company gives details of allotment to Depository.
Exercise | Q 2.1 | Page 141

Explain the following term/concept.

Depository system

Exercise | Q 2.2 | Page 141

Explain the following term/concept.

Dematerialisation

Exercise | Q 2.3 | Page 141

Explain the following term/concept.

Rematerialisation

Exercise | Q 2.4 | Page 141

Explain the following term/concept.

Fungibility

Exercise | Q 2.5 | Page 141

Explain the following term/concept.

ISIN

Exercise | Q 3.1 | Page 141

Study the following case/situation and express your opinion.

Mr. Z holds 100 shares of Peculiar Co. Ltd. in Physical mode and wishes to convert the same in electronic mode :

  1. Mr. Z holds a Saving Bank Account with CFDH Bank Ltd. Can he deposit his shares in this account for Demat?
  2. What type of account is needed for the same?
  3. Is it the RBI which will be the custodian of shares of Mr. Z after demating?
Exercise | Q 3.2 | Page 141

Study the following case/situation and express your opinion.

Mr. R holds 100 shares of Peculiar Co. Ltd. in Demat mode :

  1. He wants to transfer one share each to his wife, daughter, and son. Can he do so?
  2. Does he need to submit DRF or DIS if he wants to transfer his shares?
  3. Can he nominate his wife in his Demat account?
Exercise | Q 3.3 | Page 141

Study the following case/situation and express your opinion.

Mrs. Z wishes to open a Demat account in her name :

  1. Can she open the account by going to the Mumbai office of NSDL?
  2. Is she required to pay for the opening of the account and its maintenance?
  3. Does she have to send the shares to the respective company for demating?
Exercise | Q 3.4 | Page 141

Study the following case/situation and express your opinion.

Mr. L wants to demat his 25 shares of Peculiar Co. Ltd. bearing certificate No. 100 and distinctive No. 76-100.

  1. Which form is he required to fill as a written request to the DP?
  2. Does he have to fill the instrument of transfer if he wishes to transfer the same after demat?
  3. Does he have to quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in demat form?
Exercise | Q 3.5 | Page 141

Study the following case/situation and express your opinion.

Mr. S holds 50 shares of Peculiar Co. Ltd. in demat form. The company has declared a dividend of ₹ 5/- per share and a Bonus of 1:1 to its shareholders.

  1. How will Mr. S get his dividend?
  2. Will he get a Bonus share in Physical or demat?
  3. Who is entitled to dividend and Bonus: Mr. S or the depository? (NSDL in this case)
Exercise | Q 4.1 | Page 142

Distinguish between the following.

Dematerlization and Rematerlization

Exercise | Q 5.1 | Page 142

Explain disadvantages of physical mode of holding securities.

Exercise | Q 5.2 | Page 142

Explain any four advantages of Depository system to Investor.

Exercise | Q 5.3 | Page 142

Explain four advantages of Depository system to the Company.

Exercise | Q 5.4 | Page 142

Explain Depository as constituent of Depository System.

Exercise | Q 5.5 | Page 142

Explain DP as the constituent of Depository system.

Exercise | Q 6.1 | Page 142

Justify the following statement.

The electronic holding of securities is safer than physical holding.

Exercise | Q 6.2 | Page 142

Justify the following statement.

Depository provides easy and quicker transfer of shares.

Exercise | Q 6.3 | Page 142

Justify the following statement.

The depository system results in reduced time, cost, and efforts.

Exercise | Q 6.4 | Page 142

Justify the following statement.

Depository system is very similar to the Banking system.

Exercise | Q 6.5 | Page 142

Justify the following statement.

DP is an important constituent of Depository system.

Exercise | Q 6.7 | Page 142

Justify the following statement.

ISIN is necessary component of Demat.

Exercise | Q 7.1 | Page 142

What is Depository System and explain its advantages.

Exercise | Q 7.2 | Page 142

Explain the constituents of Depository system.

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Chapter 9: Depository System

Exercise
Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 9 - Depository System

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 9 (Depository System) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Secretarial Practice 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 9 Depository System are Depository System, Constituents of Depository System, Concepts/Terms Related to Depository System, Functioning of Depository System, Depositories in India.

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