Multiple choice

An account in which trading of shares in their electronic form is done is known as _____

  1. Demat Account

  2. NRI Account

  3. NRIO Account

  4. Current Account

  5. None of these
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A Correct answer
Explanation

A Demat (Dematerialized) Account is used to hold shares and securities in electronic form, eliminating the need for physical share certificates. It facilitates online trading and settlement of shares in the stock market. The other options are different types of bank accounts - NRI accounts for non-resident Indians, NRIO (likely a distractor), and Current accounts for business transactions.

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