What is the primary function of the National Assets Depository Limited (NSDL)?

To regulate stock prices To provide financial advice to investors To hold securities in dematerialized form To underwrite new stock offerings

What was a major drawback of the paper-based settlement system in India's capital market?

High transaction fees Limited investment options Slow and unreliable transfer of securities Lack of regulatory oversight

Which of the following is NOT a benefit of using the NSDL depository system?

Reduced risk of theft or damage to securities Faster settlement of trades Increased stamp duty charges Simplified transmission of shares

What does the acronym TAN stand for in the context of NSDL services?

Tax Assessment Number Transaction Authorization Number Tax Deduction and Collection Account Number Treasury Account Number

Which of the following is a security measure implemented by NSDL to protect investors?

Guaranteed minimum returns on investments Unlimited insurance coverage for all transactions Periodic audits of depository participants Public disclosure of all investor account details