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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY1 Mark
MCQ
Why is the function of $\text{DEMAT}$ account facility provided by banks?
  • A
    To deposit money for long period i.e. $5-10$ years
  • ✓
    To store, purchase and sell shares, debentures and bonds in electronic form
  • C
    To provide finance to small businesses
  • D
    To transfer money from one account to other account
✓

Answer

Correct option: B.
To store, purchase and sell shares, debentures and bonds in electronic form

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