Question:

Which of the following is not true of Demat account?

A.

one is not restricted to having account with only one dp.

B.

one does not need to keep any minimum balance of securities in a demat accountwith a dp.

C.

one cannot open more than one account with the same dp.

D.

one can dematerialise and hold investments such as debt instruments, mutualfund units, government securities etc. in a single demat account.

Answer» c. one cannot open more than one account with the same dp.