Economics • Banking & FinanceEasy
Which organization in India acts as the central depository for holding securities in electronic form and was established by the National Stock Exchange?
A. CDSL
B. NSDL✓ Correct Answer
C. SEBI
D. NABARD
💡 Solution & Explanation
National Securities Depository Limited was established in 1996 as India's first electronic securities depository, promoted by the National Stock Exchange alongside IDBI and UTI. CDSL was promoted by the Bombay Stock Exchange, while SEBI acts as the market regulator rather than a depository.
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