MCQ on Depositories Act 1996

In this article, we are providing you MCQ on Depositories Act 1996 which will help you to understand The Depositories Act 1996 MCQ pdf with Answers multiple choice questions

MCQ on Depositories Act 1996

1) When did The Depositories Act 1996 , come into force?

A) 01 April 1996
B) 20 September 1995
C) 01 May 1995
D) 23 April 1996

Answer –B) 20 September 1995

2) Which section of The Depositories Act 1996 deals with the Securities in depositories to be in fungible form?

A. Section 12 of The Depositories Act 1996
B. Section 9 of The Depositories Act 1996
C. Section 14 of The Depositories Act 1996
D. Section 20 of The Depositories Act 1996

Answer B. Section 9 of The Depositories Act 1996

  1. Which section of The Depositories Act 1996 deals with Depositories to indemnify loss in certain cases._ ?

A. Section 16 of The Depositories Act 1996
B. Section 14 of The Depositories Act 1996
C. Section 13 of The Depositories Act 1996
D. Section 18 of The Depositories Act 1996

Answer – A. Section 16 of The Depositories Act 1996

  1. Section 25 of The Depositories Act 1996 deals with_______?

A. Removal of difficulties
B. Power of Board to make regulations
C..Limitation
D. Application of other laws not barred

Ans- B. Power of Board to make regulations

5.. Contravention by companies is provided in section____ of The Depositories Act 1996

A. Section 24 of The Depositories Act 1996
B. Section 22 of The Depositories Act 1996
C. Section 21 of The Depositories Act 1996
D. Section 23 of The Depositories Act 1996

Ans- C. Section 21 of The Depositories Act 1996

  1. Section 13 of The Depositories Act 1996 provides _?

A.. Furnishing of information and records by depository and issuer
B. Registration of transfer of securities with depository
C.Certificate of commencement of business by depositories
D.Definitions.

Ans- A.. Furnishing of information and records by depository and issuer

MCQ on The Depositories Act 1996 with answers pdf

  1. Which section of The Depositories Act 1996 deals with Registration of transfer of securities with depository. ?

A. Section 7 of The Depositories Act 1996
B. Section 4 of The Depositories Act 1996
C. Section 5 of The Depositories Act 1996
D. Section 9 of The Depositories Act 1996

Answer – C. Section 5 of The Depositories Act 1996

8) Which section of The Depositories Act 1996 deals with the Rights and obligations of depositories, etc ?

A. Section 17 of The Depositories Act 1996
B. Section 19 of The Depositories Act 1996
C. Section 14 of The Depositories Act 1996
D. Section 15 of The Depositories Act 1996

Answer A. Section 17 of The Depositories Act 1996

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