{"id":7697,"date":"2021-10-21T22:53:42","date_gmt":"2021-10-21T17:23:42","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=7697"},"modified":"2025-10-09T15:35:26","modified_gmt":"2025-10-09T10:05:26","slug":"12th-sp-chapter-9-solution","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/","title":{"rendered":"12th SP Chapter 9 Solution (Depository System) &#8211; Maharashtra Board &#8211; Free Solution"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dbf0bc11127\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dbf0bc11127\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#12th_SP_Chapter_9_Solution\" >12th SP Chapter 9 Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Chapter_9_%E2%80%93_Depository_System\" >Chapter 9 &#8211; Depository System<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_A_Select_the_correct_answer_from_the_options_given_below_and_rewrite_the_statements\" >Q.1 A) Select the correct answer from the options given below and rewrite the statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_B_Match_the_pairs\" >Q.1 B) Match the pairs.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_C_Write_a_word_or_a_term_or_a_phrase_which_can_substitute_each_of_the_following_statements\" >Q.1 C) Write a word or a term or a phrase which can substitute each of the following statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_D_State_whether_the_following_statements_are_true_or_false\" >Q.1 D) State whether the following statements are true or false.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_E_Find_the_odd_one\" >Q.1 E) Find the odd one.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_F_Complete_the_sentences\" >Q.1 F) Complete the sentences.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_G_Select_the_correct_option_from_the_bracket\" >Q.1 G) Select the correct option from the bracket.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_H_Answer_in_one_sentence\" >Q.1 H) Answer in one sentence.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_I_Correct_the_underlined_words_and_rewrite_the_following_sentences\" >Q.1 I) Correct the underlined word\/s and rewrite the following sentences.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q1_J_Arrange_in_proper_order\" >Q.1 J) Arrange in proper order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q2_Explain_the_following_terms_concepts\" >Q.2 Explain the following terms \/ concepts.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q3_Study_the_following_casesituation_and_express_your_opinion\" >Q.3 Study the following case\/situation and express your opinion.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q4_Distinguish_between_the_following\" >Q.4 Distinguish between the following.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q5_Answer_in_brief\" >Q.5 Answer in brief.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q6_Justify_the_following_statements\" >Q.6 Justify the following statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Q7_Answer_the_following\" >Q.7 Answer the following<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#12th_Commerce_SP_Textbook_Solution\" >12th Commerce SP Textbook Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/#Check_out_other_posts_related_to_the_12th_Commerce\" >Check out other posts related to the 12th Commerce<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"12th_SP_Chapter_9_Solution\"><\/span><strong>12th SP Chapter 9 Solution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center has-black-color has-vivid-green-cyan-background-color has-text-color has-background has-medium-font-size\"><span class=\"ez-toc-section\" id=\"Chapter_9_%E2%80%93_Depository_System\"><\/span>Chapter 9 &#8211; Depository System<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_A_Select_the_correct_answer_from_the_options_given_below_and_rewrite_the_statements\"><\/span>Q.1 A) Select the correct answer from the options given below and rewrite the statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) In physical mode, securities are held in _____ form.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Paper <br><\/mark><\/strong>b) Dematerialization <br>c) Electronic<\/p>\n\n\n\n<p><strong>2) Risk of losing certificates exists in _____ mode.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Physical <br><\/mark><\/strong>b) Dematerialised <br>c) Digital<\/p>\n\n\n\n<p><strong>3) In Depositor System, securities are held in _____ form.<br><\/strong>a) Scrip based <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) electronic <br><\/mark><\/strong>c) Physical<\/p>\n\n\n\n<p><strong>4) _____ is the institute which facilitates electronic holding of securities.<br><\/strong>a) Depository participant <br>b) Issuer <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) Depository<\/mark><\/strong><\/p>\n\n\n\n<p><strong>5) There is no payment of _____ when securities are demated.<br><\/strong>a) Octroi <br>b) Wealth Tax <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) Stamp Dut<\/mark><\/strong><\/p>\n\n\n\n<p><strong>6) Depository Act was passed in _____.<br><\/strong>a) 1919 <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) 1996 <br><\/mark><\/strong>c) 1999<\/p>\n\n\n\n<p><strong>7) India has a _____ depository system.<br><\/strong>a) sole <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) multi <br><\/mark><\/strong>c) single<\/p>\n\n\n\n<p><strong>8) _____ is a constituent of depository system.<br><\/strong>a) Government <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Issuer <br><\/mark><\/strong>c) Trust<\/p>\n\n\n\n<p><strong>9) _____ is the oldest depository in India.<br><\/strong>a) Dow Jones <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) NSDL <br><\/mark><\/strong>c) CDSL<\/p>\n\n\n\n<p><strong>10) Demat account is opened by _____.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\">a) Beneficial Owner <br><\/mark><\/strong>b) CDSL <br>c) SEBI<\/p>\n\n\n\n<p><strong>11) Demated shares are _____.<br><\/strong>a) Non-transferable <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Fungible <br><\/mark><\/strong>c) Bearer<\/p>\n\n\n\n<p><strong>12) _____ is a unique code given to a security.<br><\/strong>a) IBM <br>b) BBM <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">C) ISIN<\/mark><\/strong><\/p>\n\n\n\n<p><strong>13) In India ISIN for corporate securities is allotted by _____.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) NSDL <br><\/mark><\/strong>b) Central Govt. <br>c) State Govt.<\/p>\n\n\n\n<p><strong>14) _____ has to apply for ISIN.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Company <br><\/mark><\/strong>b) Depository participant <br>c) Depositors<\/p>\n\n\n\n<p><strong>15) _____ has to pay charges to maintain Demat Account.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Investor <br><\/mark><\/strong>b) Issuer <br>c) Depositor<\/p>\n\n\n\n<p><strong>16) NSDL is promoted by _____.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) NSE <br><\/mark><\/strong>b) BSE <br>c) FTSE<\/p>\n\n\n\n<p><strong>17) CDSL is promoted by _____.<br><\/strong>a) NSE <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) BSE <br><\/mark><\/strong>c) FTSE<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution-1024x576.jpg\" alt=\"12th SP Chapter 9 Solution\" class=\"wp-image-9282 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution-1024x576.jpg 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution-300x169.jpg 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution-768x432.jpg 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution-1536x864.jpg 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution-640x360.jpg 640w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/12th-SP-Chapter-9-Solution.jpg 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><figcaption class=\"wp-element-caption\">12th SP Chapter 9 Solution<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_B_Match_the_pairs\"><\/span>Q.1 B) Match the pairs.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) Bad Delivery<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) 1956<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">b) Depository Act<\/td><td class=\"has-text-align-center\" data-align=\"center\">2) A 12 digit number\/code.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) ISIN<\/td><td class=\"has-text-align-center\" data-align=\"center\">3) Connects Government and Bank.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">d) Depository participant<\/td><td class=\"has-text-align-center\" data-align=\"center\">4) Second Depository in India.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">e) CDSL<\/td><td class=\"has-text-align-center\" data-align=\"center\">5) The Issuer Company.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">f) Depository<\/td><td class=\"has-text-align-center\" data-align=\"center\">6) Problem faced in physical mode.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">g) Beneficial owner<\/td><td class=\"has-text-align-center\" data-align=\"center\">7) A 10 digit number\/code.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">8) Connects Depositor and Investor.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">9) First Depository in the world.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">10) Custodian of securities in electronic form.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">11) Problem faced in electronic mode.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">12) 1996<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">13) Government Organisation.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">14) The Investor.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Answers.   <br><\/strong>a. 6) Problem faced in physical mode.<br>b. 12) 1996<br>c. 2) A 12-digit number\/code.<br>d. 8) Connects Depositor and Investor.<br>e. 4) Second Depository in India.<br>f. 10) Custodian of securities in electronic form.<br>g. 14) The Investor.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_C_Write_a_word_or_a_term_or_a_phrase_which_can_substitute_each_of_the_following_statements\"><\/span>Q.1 C) Write a word or a term or a phrase which can substitute each of the following statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) This mode of holding securities may result in loss and theft of certificates.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Physical Mode<\/span><\/p>\n\n\n\n<p><strong>2) The organization which holds the securities in electronic mode.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Depository<\/span><\/p>\n\n\n\n<p><strong>3) This system eliminates storing of certificates.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Depository System<\/span><\/p>\n\n\n\n<p><strong>4) This system allows faster and easier transfer of securities.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Depository System<\/span><\/p>\n\n\n\n<p><strong>5) The oldest Depositor of India.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: NSDL <\/span><\/p>\n\n\n\n<p><strong>6) The country where depository system started for the first time.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Germany<\/span><\/p>\n\n\n\n<p><strong>7) The registered owner of securities.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Beneficial Owner<\/span><\/p>\n\n\n\n<p><strong>8) The Agent of the Depository.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Depository Participant<\/span><\/p>\n\n\n\n<p><strong>9) This process converts securities into electronic form from physical form.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Dematerialisation <\/span><\/p>\n\n\n\n<p><strong>10) This process converts securities into physical form from electronic form.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: Rematerialisation<\/span><\/p>\n\n\n\n<p><strong>11) This means securities are without distinctive identity number.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Fungibility<\/span><\/p>\n\n\n\n<p><strong>12) This is the unique code for security given in depository system.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: ISIN<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_D_State_whether_the_following_statements_are_true_or_false\"><\/span>Q.1 D) State whether the following statements are true or false.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Physical mode of holding securities is risky.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>2) Allotment of securities take longer time when in physical mode.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: Ture<\/span><\/p>\n\n\n\n<p><strong>3) Transfer of securities is easier in electronic mode.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>4) Bad delivery is likely in Depository System.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>5) Depository system began in the USA for the first time in the world.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>6) India has a multi Depository System.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>7) Depository system is very similar to banking system.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>8) DP is a constituent of Depository System.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: Ture<\/span><\/p>\n\n\n\n<p><strong>9) DP is an agent of Depository.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>10) A Bank can work as a DP.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>11) DRF is required for conversion from physical to electronic.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>12) ISIN is a unique code given to the specific securities.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_E_Find_the_odd_one\"><\/span>Q.1 E) Find the odd one.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong><span class=\"has-inline-color has-vivid-purple-color\">Elimination of storage of Certificates<\/span><\/strong>, Theft of Certificates, Torn Certificates.<\/li>\n\n\n\n<li>NSDL, CDSL, <strong><span class=\"has-inline-color has-vivid-purple-color\">NBFC<\/span><\/strong><\/li>\n\n\n\n<li>Depository, DP, <strong><span class=\"has-inline-color has-vivid-purple-color\">RBI.<\/span><\/strong><\/li>\n\n\n\n<li>DP, BO, <strong><span class=\"has-inline-color has-vivid-purple-color\">State Government.<\/span><\/strong><\/li>\n\n\n\n<li>Issuer, BO, <strong><span class=\"has-inline-color has-vivid-purple-color\">Central Government.<\/span><\/strong><\/li>\n\n\n\n<li>DRF, RRF, <strong><span class=\"has-inline-color has-vivid-purple-color\">PPF<\/span><\/strong><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_F_Complete_the_sentences\"><\/span>Q.1 F) Complete the sentences.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) Central location for keeping securities in demated form is <strong><span style=\"text-decoration: underline;\">Depository<\/span><\/strong>.<\/p>\n\n\n\n<p>2) Freezing of debit\/credit of securities is possible in <strong><span style=\"text-decoration: underline;\">Depository<\/span><\/strong>.<\/p>\n\n\n\n<p>3) First Depository of the world started in the year <strong><span style=\"text-decoration: underline;\">1947<\/span><\/strong>.<\/p>\n\n\n\n<p>4) The Indian Depositor Act was passed in the year <strong><span style=\"text-decoration: underline;\">1996<\/span><\/strong>.<\/p>\n\n\n\n<p>5) Link between Depositor and Investor is <strong><span style=\"text-decoration: underline;\">Depository Participant<\/span><\/strong>.<\/p>\n\n\n\n<p>6) Account of securities of the Investors is maintained by <strong><span style=\"text-decoration: underline;\">Depository Participant<\/span><\/strong>.<\/p>\n\n\n\n<p>7) The process which converts physical securities in electronic form is <strong><span style=\"text-decoration: underline;\">Dematerialisation<\/span><\/strong>.<\/p>\n\n\n\n<p>8) The process which converts digital securities in physical form is <strong><span style=\"text-decoration: underline;\">Rematerialisation<\/span><\/strong>.<\/p>\n\n\n\n<p>9) The Issuer company must register with <strong><span style=\"text-decoration: underline;\">Depository<\/span><\/strong>.<\/p>\n\n\n\n<p>10) The unique code identifying security is <strong><span style=\"text-decoration: underline;\">International Securities Identification Number (ISIN)<\/span><\/strong>.<\/p>\n\n\n\n<p>11) The first depository of India is <strong><span style=\"text-decoration: underline;\">National Security Depository Limited (NSDL)<\/span><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_G_Select_the_correct_option_from_the_bracket\"><\/span>Q.1 G) Select the correct option from the bracket.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>I)<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) Dematerialization<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Physical to electronic<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span class=\"has-inline-color has-black-color\">b) <\/span><span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Agent of Depository<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">2) DP<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) First depository of world<\/td><td class=\"has-text-align-center\" data-align=\"center\"><span class=\"has-inline-color has-black-color\">3) <\/span><span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Germany<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span class=\"has-inline-color has-black-color\">d) CDSL<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">4) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">1999<\/span><\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>II)<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) First depository in India<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">NSDL<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span class=\"has-inline-color has-black-color\">b) <\/span><span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Electronic to physical<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">2) Rematerialisation<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) Fungibility<\/td><td class=\"has-text-align-center\" data-align=\"center\"><span class=\"has-inline-color has-black-color\">3) <\/span><span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">No distinctive number<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span class=\"has-inline-color has-black-color\">d) <\/span><span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">12 digit code<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">4) ISIN<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_H_Answer_in_one_sentence\"><\/span>Q.1 H) Answer in one sentence.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) What is Depository System?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Under Depositor System, securities are held in electronic form. The transfer and settlement of securities are done electronically.<\/p>\n\n\n\n<p><strong>2) Give examples of actions termed as corporate action.<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Issue of Bonus shares, payment of dividend, offering of right shares, early redemption of debentures, etc. are examples of corporate actions.<\/p>\n\n\n\n<p><strong>3) When was Depository Act passed in India?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> In India, Depository Act is passed in 1996.<\/p>\n\n\n\n<p><strong>4) What is a DP?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> A&nbsp;Depository Participant&nbsp;(DP) is described as an&nbsp;agent&nbsp;of the depository. They are the intermediaries between the depository and the investors.<\/p>\n\n\n\n<p><strong>5) What is Dematerialisation?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Dematerialisation is a process whereby a client can get physical certificates converted into electronic mode.<\/p>\n\n\n\n<p><strong>6) What is Rematerialisation?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Rematerialisation is the process whereby a client can get his electronic holdings of securities converted into physical certificates.<\/p>\n\n\n\n<p><strong>7) What is ISIN?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. ISIN consists of a 12 (Twelve) digit alpha-numeric code which is divided into 3 (Three) parts.<\/p>\n\n\n\n<p><strong>8) Name the depositories in India?<\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> National Security Depository Limited (NSDL) and Central Depository Services Limited (CDSL).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_I_Correct_the_underlined_words_and_rewrite_the_following_sentences\"><\/span>Q.1 I) Correct the underlined word\/s and rewrite the following sentences.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) <strong><span style=\"text-decoration: underline;\">Electronic<\/span><\/strong> mode of holding securities is risky.<br><strong>Answer: Physical. <\/strong><\/p>\n\n\n\n<p>2) Allotment and Transfer of securities is time-consuming in <strong><span style=\"text-decoration: underline;\">electronic mode<\/span><\/strong>.<br><strong>Answer: Physical Mode.<\/strong><\/p>\n\n\n\n<p>3) <strong><span style=\"text-decoration: underline;\">Banking<\/span><\/strong> system leads to a scrip less capital market.<br><strong>Answer: Depository.<\/strong><\/p>\n\n\n\n<p>4) Storage of Certificates is not required in <strong><span style=\"text-decoration: underline;\">Physical<\/span><\/strong> mode of holding.<br><strong>Answer: Electronic <\/strong><\/p>\n\n\n\n<p>5) India has a <strong><span style=\"text-decoration: underline;\">single<\/span><\/strong> Depository system.<br><strong>Answer: Multi<\/strong><\/p>\n\n\n\n<p>6) Depositor Participant in India has to register under the <strong><span style=\"text-decoration: underline;\">partnership act<\/span><\/strong>.<br><strong>Answer: SEBI Act<\/strong><\/p>\n\n\n\n<p>7) Demat accounts are opened and maintained by the <strong><span style=\"text-decoration: underline;\">Depository<\/span><\/strong>.<br><strong>Answer: Depository Participant<\/strong><\/p>\n\n\n\n<p>8) Securities are fungible in <strong><span style=\"text-decoration: underline;\">Physical<\/span><\/strong> mode.<br><strong>Answer: Electronic<\/strong><\/p>\n\n\n\n<p>9) ISIN is a code given to a <strong><span style=\"text-decoration: underline;\">company<\/span><\/strong>.<br><strong>Answer: Securities<\/strong><\/p>\n\n\n\n<p>10) ISIN of Indian Government securities is issued by <strong><span style=\"text-decoration: underline;\">NSDL<\/span><\/strong>.<br><strong>Answer: RBI<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_J_Arrange_in_proper_order\"><\/span>Q.1 J) Arrange in proper order<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1)<br>a) Gets Statement of Accounts<br>b) Open Demat Account<br>c) Submit DRF<br><strong>Answer: (b) Open Demat Account  (c) Submit DRF  (a) Gets Statement of Accounts<\/strong><\/p>\n\n\n\n<p>2) <br>a) Investor (BO) submits application for securities to issuer company.<br>b) Depositor intimates the DP about crediting BO&#8217;s Account.<br>c) Issuer company gives details of allotment to Depository.<br><strong>Answer: (a) Investor (BO) submits application for securities to issuer company.<\/strong> <strong>(c) Issuer company gives details of allotment to Depository<\/strong> <strong>(b) Depositor intimates the DP about crediting BO&#8217;s Account.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q2_Explain_the_following_terms_concepts\"><\/span>Q.2 Explain the following terms \/ concepts.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">1) Depository system<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> a) Under Depositor System, securities are held in electronic form. The transfer and settlement of securities are done electronically.<br>b) The Depository System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder.<br>c) This system is also called a scripless trading system.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) <a href=\"https:\/\/economictimes.indiatimes.com\/definition\/bonus-share\" data-type=\"URL\" data-id=\"https:\/\/economictimes.indiatimes.com\/definition\/bonus-share\" target=\"_blank\" rel=\"noreferrer noopener\">Dematerialization<\/a><\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer: <\/strong>a) Dematerialisation is a process whereby a client can get physical certificates converted into electronic mode.<br>b) The client has to surrender the certificates along with the Demat Request Form (DRF).<br>c) The DP forwards these to the Depositor who in turn forwards them to the Issuer. After confirmation from Issuer, the Depositor will credit the securities in the Demat A\/c with DP.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">3) <strong>Rematerialization<\/strong><\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> a) Rematerialisation is the process whereby a client can get his electronic holdings of securities converted into physical certificates.<br>b) The client has to give a written request in the form of RRF (Remat Request Form) to the DP. The DP forwards the RRF to Issuer and the Depository.<br>c) The Issuer prints the certificates and sends them to the client and simultaneously confirms the acceptance of Remat request to the Depository.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">4) Fungibility<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> a) Fungibility means the state of being interchangeable. Some financial assets are fungible while some are not fungible.<br>b) The securities held in Demat\/Electronic form are fungible.<br>c) They are interchangeable, substitutable and cannot be distinguished from each other. Securities bear no notable features like distinctive number, certificate number or folio number.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">5) ISIN<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> a) International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. ISIN consists of a 12 (Twelve) digit alpha-numeric code which is divided into 3 (Three) parts.<br>b) ISIN is a standard numbering system that is accepted globally.<br>c) In India, issuing ISIN to securities is assigned b SEBI to NSDL (for demated shares) SEBI works as NN A in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q3_Study_the_following_casesituation_and_express_your_opinion\"><\/span>Q.3 Study the following case\/situation and express your opinion.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">1) Mr. Z holds 100 shares of Peculiar Co. Ltd. in Physical mode and wishes to convert the same in electronic mode :<\/mark><\/p>\n\n\n\n<p><strong>a) Mr. Z holds a Saving Bank Account with CFDH Bank Ltd. Can he deposit his shares in this account for Demat?<br>Answer:<\/strong> No, Mr. Z cannot deposit his shares in his bank account for Demat.<\/p>\n\n\n\n<p><strong>b) What type of account is needed for the same ?<br>Answer:<\/strong> A Demat account is needed to convert physical shares into electronic shares.<\/p>\n\n\n\n<p><strong>c) Is it the RBI that will be the custodian of shares of Mr. Z after demating?<br>Answer:<\/strong> No, RBI cannot act as the custodian of shares of Mr. Z. The bank can act as a custodian.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">2) Mr. R holds 100 shares of Peculiar Co. Ltd. in Demat mode :<\/mark><\/p>\n\n\n\n<p><strong>a) He wants to transfer one share each to his wife, daughter, and son. Can he do so?<br>Answer:<\/strong> Mr. R can transfer one share each to his wife, daughter, and son. For that, they must have a Demat Account.<\/p>\n\n\n\n<p><strong>b) Does he need to submit DRF or DIS if he wants to transfer his shares?<br>Answer:<\/strong> If Mr. R wants to transfer his shares, he has to submit DRF or DIS to Depository Participants.<\/p>\n\n\n\n<p><strong>c) Can he nominate his wife in his Demat account?<br>Answer:<\/strong> Yes, Mr. R can nominate his wife in his Demat account. Every Individual Investor can avail nomination facility.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">3) Mrs. Z wishes to open a Demat account in her name :<\/mark><\/p>\n\n\n\n<p><strong>a) Can she open the account going to Mumbai office of NSDL?<br>Answer:<\/strong> No, Mrs. Z cannot open the account going to the Mumbai office of NSDL. Because NSDL is depository. She can open an account with DP.<\/p>\n\n\n\n<p><strong>b) Is she required to pay for opening of account and its maintenance?<br>Answer:<\/strong> Yes, Mrs. Z is required to pay for opening of account and its maintenance.<\/p>\n\n\n\n<p><strong>c) Does she have to send the shares to respective company for demating?<\/strong><br><strong>Answer:<\/strong> No, Mrs. Z. is not required to send the shares to the respective company for demating.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">4) Mr. L wants to demat his 25 shares of Peculiar Co. Ltd. bearing certificate No. 100 and distinctive No. 76-100.<\/mark> <\/p>\n\n\n\n<p><strong>a) Which form is he required to fill as a written request to the DP?<br>Answer:<\/strong> Mr. L has to fill and submit the DRF form and certificates to the DP.<\/p>\n\n\n\n<p><strong>b) Does he have to fill instrument of transfer if he wishes to transfer the same after demat?<br>Answer:<\/strong> Mr. L is not required to fill instrument of transfer if he wishes to transfer the same after Demat.<\/p>\n\n\n\n<p><strong>c) Does he have to quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in demat form ?<\/strong> <strong><br>Answer:<\/strong> The securities in Demat form are fungible. They do not have any certificate no. and distinctive no. Therefore Mr. L is not required to quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in Demat form.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">5) Mr. S holds 50 shares of Peculiar Co. Ltd. in Demat form. The company has declared a dividend of Rs 5\/- per share and a Bonus of 1:1 to its shareholders.<\/mark><\/p>\n\n\n\n<p><strong>a) How will Mr. S get his dividend?<br>Answer:<\/strong> The account of Mr.S is automatically credited for dividends by the company through corporate actions.<\/p>\n\n\n\n<p><strong>b) Will he get a Bonus share in Physical or Demat?<br>Answer:<\/strong> Mr. S will get bonus shares in Demat mode. His account is automatically credited by the company through corporate actions.<\/p>\n\n\n\n<p><strong>c) Who is entitled to dividend and Bonus: Mr. S or the depositor? (NSDL in this case)<br>Answer:<\/strong> Mr. S is the beneficial owner and therefore he is entitled to get dividend and bonus shares.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q4_Distinguish_between_the_following\"><\/span>Q.4 Distinguish between the following.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Dematerialization and Rematerialization<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Points<\/strong><\/td><td><strong><strong><strong>Dematerialization<\/strong><\/strong><\/strong><\/td><td><strong><strong><strong>Rematerialization<\/strong><\/strong><\/strong><\/td><\/tr><tr><td>1) Meaning<\/td><td>Process of converting Physical<br>certificates of securities into<br>electronic form.<\/td><td>It is the process of conversion of<br>electronic form of securities into<br>physical form.<\/td><\/tr><tr><td>2) Conversion<\/td><td>Here, the paper form of securities<br>is converted into digital\/<br>electronically held securities.<\/td><td>Here, the electronic records are<br>converted into physical\/paper<br>form securities.<\/td><\/tr><tr><td>3) Use of Form<\/td><td>It uses &#8216;DRF&#8217; Viz.<br>&#8216;Dematerialization Request<br>Form&#8217; from Investor to the DP.<\/td><td>It uses &#8216;RRF&#8217; viz Rematerialization<br>Request Form\u2019 from Investor to the DP.<\/td><\/tr><tr><td>4) Sequence<\/td><td>This is an initial process. It is a<br>primary and Principal function<br>of the depository.<\/td><td>This is a reverse process. It is a<br>secondary and supporting function of depository. Already demated securities are remated.<\/td><\/tr><tr><td>5) Identification of Securities<\/td><td>Demated securities have no<br>distinctive numbers. They are<br>fungible.<\/td><td>Remated securities will have<br>certificate and distinctive numbers<br>as issued by company.<\/td><\/tr><tr><td>6) Securities Maintenance Authority<\/td><td>Depository is the custodian of<br>securities and records.<\/td><td>The issuing company is the record<br>keeping authority. Securities are<br>maintained b the investor.<\/td><\/tr><tr><td>7) Difficult of Process<\/td><td>Demat is an easy process. Also<br>its not a time consuming process.<\/td><td>Remat is not only a time consuming but also a complex process.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q5_Answer_in_brief\"><\/span>Q.5 Answer in brief.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">1) Explain the disadvantages of physical mode of holding securities.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <\/p>\n\n\n\n<p>Physical mode of holding securities: It means securities are held in the form of paper certificates. It has following disadvantages :<\/p>\n\n\n\n<p><strong>1) Risk:<\/strong><\/p>\n\n\n\n<p>Certificates of papers can be lost, damaged, torn, stolen, misplaced during transit, etc.<\/p>\n\n\n\n<p><strong>2) Efforts in Duplicating:<\/strong><\/p>\n\n\n\n<p>Obtaining duplicate certificates (if original certificate is lost) involves time, effort, and money.<\/p>\n\n\n\n<p><strong>3) Delay in allotment of securities:<\/strong><\/p>\n\n\n\n<p>Allotment of new securities takes a longer time.<\/p>\n\n\n\n<p><strong>4) Delay in Transfer and Transmission of securities:<\/strong><\/p>\n\n\n\n<p>More time is involved in transfer and transmission of securities as it involves actual handling of physical certificates.<\/p>\n\n\n\n<p><strong>5) Risk of Bad Delivery:<\/strong><\/p>\n\n\n\n<p>Delivering certificates that are torn, forged, etc. creates problems in buying and selling of securities.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) Explain any four advantages of Depository system to Investor.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Following  are the advantages of Depository System to Investors:<\/p>\n\n\n\n<p><strong>1) Elimination of Risk:<\/strong><\/p>\n\n\n\n<p>All risks associated with physical certificates like delays, lost, theft, mutilation, bad deliveries, etc. are totally eliminated.<\/p>\n\n\n\n<p><strong>2) Safety:<\/strong><\/p>\n\n\n\n<p>It is the safest and secure way of holding securities. The entire system functions under the Depositor Act and is monitored b SEBI. e.g. The Investor can keep his account in a \u2018Freeze \/ Lock&#8217; mode to avoid\/prevent unexpected debit or credit or both by giving instructions to the DP.<\/p>\n\n\n\n<p><strong>3) Easy Transfer of shares:<\/strong><\/p>\n\n\n\n<p>(a) Efforts in filling transfer forms and lodging the documents is eliminated.<br>(b) Also the stamp duty levied on transfer of physical shares is not applicable.<br>(c) Processing time in transfer of securities is reduced and neither the securities nor the cash is tied\/held up for unnecessarily long time.<\/p>\n\n\n\n<p><strong>4) Updates and Intimation:<\/strong><\/p>\n\n\n\n<p>The investor is provided with the status of the holdings and transactions by DP and occasionally by the Depository too.<\/p>\n\n\n\n<p><strong>5) Security against Loan:<\/strong><\/p>\n\n\n\n<p>Dematerialised securities are preferred by banks and financial institutions as security against loan.<\/p>\n\n\n\n<p><strong>6) No concept of \u2018Lots\u2019:<\/strong><\/p>\n\n\n\n<p>The system of odd and even lot stands abolished. The market lot is one share for dematerialized securities.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>3) Explain four advantages of Depository system to the Company.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Following are the advantages of Depository System to Companies:<\/p>\n\n\n\n<p><strong>1) Up-to-date Information:<\/strong><\/p>\n\n\n\n<p>The up-to-date information about investors is provided by the depository.<\/p>\n\n\n\n<p><strong>2) Reduction in costs and efforts:<\/strong><\/p>\n\n\n\n<p>Costs, efforts and time involved in printing and distribution of certificates in cases of new issues, bonus, transfers, etc. is saved.<\/p>\n\n\n\n<p><strong>3) Better Investor-Company Relationships:<\/strong><\/p>\n\n\n\n<p>The complaints arising out of loss of certificates, signature differences, long lapses of time in executing requests, etc. are substantially reduced. It leads to better communication with investors and increased goodwill for the company.<\/p>\n\n\n\n<p><strong>4) International Investment:<\/strong><\/p>\n\n\n\n<p>Under Depositor System, better and quicker services can be provided and this attracts investments from abroad.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>4) Explain Depositor as constituent of Depository System.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>1) It is an organization like the Central Bank where securities are held in electronic form<br>at the investor\u2019s request.<br>2) It also provides different services related to different transactions in such securities.<br>3) It is responsible for the safe-keeping of the investor&#8217;s securities.<br>4) There is no direct access of investors with the Depository.<br>5) It works as a link between the company and investors.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>5) Explain DP as the constituent of Depository system.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Depository Participant (DP): <\/p>\n\n\n\n<ol id=\"block-baab8efd-ff12-486f-9577-e979090763d5\" class=\"wp-block-list\">\n<li>It is the agent of Depositor<\/li>\n\n\n\n<li>DP is registered under the SEBI Act. It enjoys rights and obligations as specified under SEBI (Depositor and Participants) Regulations of 1996.<\/li>\n\n\n\n<li>It is an intermediary appointed by Depository.<\/li>\n\n\n\n<li>DP acts as a link between Depositor and the investor.<\/li>\n\n\n\n<li>It directly deals with customers. It sends statements of accounts periodically.<\/li>\n\n\n\n<li>It functions like a securities bank.<\/li>\n\n\n\n<li>It facilitates Dematerialisation.<\/li>\n\n\n\n<li>It credits securities in the event of Rights Issue, Bonus Issue, etc.<\/li>\n\n\n\n<li>It handles instant transfers of pa-outs like dividend, interest, etc.<\/li>\n\n\n\n<li>It settles trade electronically.<\/li>\n\n\n\n<li>Following can work as DP\u2019s :<br>a) Financial Institutions<br>b) Banks<br>c) Approved Foreign Banks<br>d) Custodians : Responsible for overseeing operations of assets\/fund.<br>e) Stock Brokers<br>f) Clearing Corporation<br>g) NBFC (Non-Banking Financial Compan)<br>h) Registrar to an Issue or Share Transfer A gents<\/li>\n\n\n\n<li>The DP maintains account of securities of each investor.<\/li>\n\n\n\n<li>The DP has a unique number for identification.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q6_Justify_the_following_statements\"><\/span>Q.6 Justify the following statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>1) Electronic holding of securities is safer than physical holding.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong><br>a) Under a depository system securities are held in electronic form. <br>b) All risks associated with physical certificates like delays, lost, theft, mutilation, bad deliveries, etc. are totally eliminated.<br>c) It is the safest and most secure way of holding securities.<br>d) It offers scope for paperless trading by using state-of-art technology.<br>e) It leads to the elimination of storage and handling of certificates.<br>f) Therefore, Electronic holding of securities is safer than physical holding.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">2) Depository provides easy and quicker transfer of shares.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) Under a depository system securities are held in electronic form.<br>b) The transfer and settlement of securities done electronically.<br>c) Efforts in filling transfer forms and lodging the documents is eliminated.<br>d) Also the stamp duty levied on the transfer of physical shares is not applicable.<br>e) Processing time in the transfer of securities is reduced and neither the securities nor the cash is tied\/held up for unnecessarily a long time.<br>f) Hence, Depository provides easy and quicker transfer of shares.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">3) Depository system results in reduced time, cost and efforts.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) Under a depository system securities are held in electronic form.<br>b) The transfer and settlement of securities done electronically.<br>c) Processing time in the transfer of securities is reduced and neither the securities nor the cash is tied\/held up for unnecessarily a long time.<br>d) Costs, efforts, and time involved in printing and distribution of certificates in cases of new issues, bonus, transfers, etc. is saved.<br>e) Efforts in filling transfer forms and lodging the documents is eliminated.<br>f) Also the stamp duty levied on the transfer of physical shares is not applicable.<br>g) Hence, the Depository system results in reduced time, cost and effort.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">4) Depository system is very similar to the Banking system.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) Banking system keeps the money safe. Similarly, the Depository system keeps the securities safe.<br>b) In bank funds are held in accounts having unique numbers. Similarly, Securities are held in accounts having<br>unique IDs.<br>c) Like banks, There is no physical handling of securities during allotments, transfers, etc.<br>d) In the banking system The transfer of funds between accounts is done. Similarly, in the Depository system, The transfer of securities between accounts is done.<br>e) Hence, the Depository system is very similar to the Banking system.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">5) DP is an important constituent of Depository system.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>It is the agent of Depositor. It is an intermediary appointed by Depository.<\/li>\n\n\n\n<li>DP is registered under the SEBI Act. It enjoys rights and obligations as specified under SEBI (Depositor and Participants) Regulations of 1996.<\/li>\n\n\n\n<li>DP acts as a link between Depositor and the investor.<\/li>\n\n\n\n<li>It directly deals with customers. It sends statements of accounts periodically.<\/li>\n\n\n\n<li>It functions like a securities bank. The DP maintains account of securities of each investor.<\/li>\n\n\n\n<li>It facilitates Dematerialisation.<\/li>\n\n\n\n<li>It credits securities in the event of Rights Issue, Bonus Issue, etc.<\/li>\n\n\n\n<li>It handles instant transfers of pa-outs like dividend, interest, etc.<\/li>\n\n\n\n<li>It settles trade electronically.<\/li>\n\n\n\n<li>Hence, DP is an important constituent of Depository system.<\/li>\n<\/ol>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">6) Depository system allows both : Physical to electronic and electronic to physical conversion.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) Depository is an organization like the Central Bank where securities are held in electronic form at the investor\u2019s request.<br>b) Depository system convert physical certificates into electronic and electronic into physical.<br>c) Dematerialization is a process whereby a client can get physical certificates converted into electronic mode.<br>d) Rematerialization is the process whereby a client can get his electronic holdings of securities converted into physical certificates.<br>e) All risks associated with physical certificates like delays, loss, theft, mutilation, bad deliveries, etc. are totally eliminated.<br>f) Hence, the Depository system allows both: Physical to electronic and electronic to physical conversion.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">7) ISIN is necessary component of Demat.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong><\/p>\n\n\n\n<p>1) It is a code that uniquely identifies a specific securities issue.<br>2) ISINs in any country are allotted by that country\u2019s NNA (National Numbering Agency)<br>3) ISIN is a standard numbering system that is accepted globally.<br>4) In India, issuing ISIN to securities is assigned by SEBI to NSDL (for demated shares) SEBI works as NNA in India.<br>5) For Government securities, allotment of ISIN is done by the RBI.<br>6) ISIN consists of a 12 (Twelve) digit alpha-numeric code which is divided in 3 (Three) parts.<br>7) The company has to apply for ISIN for its securities with documents like prospectus.<br>8) Hence, ISIN is necessary component of Demat.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q7_Answer_the_following\"><\/span>Q.7 Answer the following<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>1) What is Depository System and explain its advantages.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>Under Depositor System, securities are held in electronic form. The transfer and settlement of securities are done electronically. The Depositor System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder. This system is also called as scripless trading system.<\/p>\n\n\n\n<p>In India, the Depositor System was introduced by passing the Depositor Act in 1996. Under this Act, a competitive multi-depositor system consisting of two depositories, viz. NSDL and CDSL were set up. It will be of interest to note that the world\u2019s first Depositor was set up in 1947 in Germany.<\/p>\n\n\n\n<p><strong>Advantages of Depository System to Investors:<\/strong><\/p>\n\n\n\n<p><strong>1) Elimination of Risk:<\/strong><\/p>\n\n\n\n<p>All risks associated with physical certificates like delays, lost, theft, mutilation, bad deliveries, etc. are totally eliminated.<\/p>\n\n\n\n<p><strong>2) Safety:<\/strong><\/p>\n\n\n\n<p>It is the safest and secure way of holding securities. The entire system functions under the Depositor Act and is monitored by SEBI. e.g. The Investor can keep his account in a \u2018Freeze \/ Lock&#8217; mode to avoid\/prevent unexpected debit or credit or both by giving instructions to the DP.<\/p>\n\n\n\n<p><strong>3) Easy Transfer of shares:<\/strong><\/p>\n\n\n\n<p>(a) Efforts in filling transfer forms and lodging the documents is eliminated.<br>(b) Also the stamp duty levied on transfer of physical shares is not applicable.<br>(c) Processing time in transfer of securities is reduced and neither the securities nor the cash is tied\/held up for unnecessarily long time.<\/p>\n\n\n\n<p><strong>4) Updates and Intimation:<\/strong><\/p>\n\n\n\n<p>The investor is provided with the status of the holdings and transactions by DP and occasionally by the Depository too.<\/p>\n\n\n\n<p><strong>5) Security against Loan:<\/strong><\/p>\n\n\n\n<p>Dematerialised securities are preferred by banks and financial institutions as security against loan.<\/p>\n\n\n\n<p><strong>6) No concept of \u2018Lots\u2019:<\/strong><\/p>\n\n\n\n<p>The system of odd and even lot stands abolished. The market lot is one share for dematerialized securities.<\/p>\n\n\n\n<p><strong>7) Nomination Facility:<\/strong><\/p>\n\n\n\n<p>Individual Investors can avail of nomination facility. This simplifies the process in the event of the death of the investor.<\/p>\n\n\n\n<p><strong>8) Automatic Credit:<\/strong><\/p>\n\n\n\n<p>The account of investor is automatically credited\/debited in case of a change initiated by the company which impacts the securities. This is called \u2018Corporate Action\u2019. Few examples which can be termed as Corporate Action are Payment of Dividend, Issue of Bonus Shares, Offering of Rights Shares, Early Redemption of Debentures, Mergers and Acquisitions, etc.<\/p>\n\n\n\n<p><strong>Advantages of Depository System to Companies:<\/strong><\/p>\n\n\n\n<p><strong>1) Up-to-date Information:<\/strong><\/p>\n\n\n\n<p>The up-to-date information about investors is provided by the depository.<\/p>\n\n\n\n<p><strong>2) Reduction in costs and efforts:<\/strong><\/p>\n\n\n\n<p>Costs, efforts and time involved in printing and distribution of certificates in cases of new issues, bonus, transfers, etc. is saved.<\/p>\n\n\n\n<p><strong>3) Better Investor-Company Relationships:<\/strong><\/p>\n\n\n\n<p>The complaints arising out of loss of certificates, signature differences, long lapses of time in executing requests, etc. are substantially reduced. It leads to better communication with investors and increased goodwill for the company.<\/p>\n\n\n\n<p><strong>4) International Investment:<\/strong><\/p>\n\n\n\n<p>Under Depositor System, better and quicker services can be provided and this attracts investments from abroad.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) Explain the constituents of Depository system.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>Under Depositor System, securities are held in electronic form. The transfer and settlement of securities are done electronically. The Depositor System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder. This system is also called as scripless trading system.<\/p>\n\n\n\n<p>All operations under the Depository System is performed by Depository with the help of its constituents as explained below<\/p>\n\n\n\n<p><strong>(1) The Depository<\/strong><\/p>\n\n\n\n<p>1) It is an organization like the Central Bank where securities are held in electronic form at the investor\u2019s request.<br>2) It also provides different services related to different transactions in such securities.<br>3) It is responsible for the safe-keeping of the investor&#8217;s securities.<br>4) There is no direct access of investors with the Depository.<br>5) It works as a link between the company and investors.<\/p>\n\n\n\n<p><strong>(2) Depository Participant (DP)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>It is the agent of Depositor<\/li>\n\n\n\n<li>DP is registered under the SEBI A ct. It enjoys rights and obligations as specified under SEBI (Depositor and Participants) Regulations of 1996.<\/li>\n\n\n\n<li>It is an intermediary appointed by Depository.<\/li>\n\n\n\n<li>DP acts as a link between Depositor and the investor.<\/li>\n\n\n\n<li>It directly deals with customers. It sends statements of accounts periodically.<\/li>\n\n\n\n<li>It functions like a securities bank.<\/li>\n\n\n\n<li>It facilitates Dematerialisation.<\/li>\n\n\n\n<li>It credits securities in the event of Rights Issue, Bonus Issue, etc.<\/li>\n\n\n\n<li>It handles instant transfers of pa-outs like dividend, interest, etc.<\/li>\n\n\n\n<li>It settles trade electronically.<\/li>\n\n\n\n<li>The following can work as DP\u2019s :<br>a) Financial Institutions<br>b) Banks<br>c) Approved Foreign Banks<br>d) Custodians: Responsible for overseeing operations of assets\/fund.<br>e) Stock Brokers<br>f) Clearing Corporation<br>g) NBFC (Non-Banking Financial Company)<br>h) Registrar to an Issue or Share Transfer Agents<\/li>\n\n\n\n<li>The DP maintains an account of securities of each investor.<\/li>\n\n\n\n<li>The DP has a unique number for identification.<\/li>\n<\/ol>\n\n\n\n<p><strong>(3) The Beneficial Owner (BO)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The BO is the investor of securities who has availed the services of Depositor Participant.<\/li>\n\n\n\n<li>BO is entitled to all rights, benefits and is subject to all liabilities with respect to securities held by Depository.<\/li>\n\n\n\n<li>The BO can also be called as client of Depositor and DP.<\/li>\n\n\n\n<li>BO Client is required to open a Demat account with the DP for electronic holding of securities. BO has to pa charges to the DP for availing the services of DP.<\/li>\n\n\n\n<li>BO is given a unique account number in which securities are held.<\/li>\n<\/ol>\n\n\n\n<p><strong>(4) The Issuer Company<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>It means the company which has issued the securities which are dematerialized.<\/li>\n\n\n\n<li>It must register with the Depository.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"12th_Commerce_SP_Textbook_Solution\"><\/span>12th Commerce SP Textbook Solution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Chapter Name <\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\">1) Introduction to Corporate Finance<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\">2) Sources of Corporate Finance<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\">3) Issue of Shares<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\">4) Issue of Debentures<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\">5) Deposits<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\">6) Correspondence with Members<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\">7) Correspondence with Debentureholders<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\">8) Correspondence with Depositors<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\">9) Depository System<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\">10) Dividend Interest<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\">11) Financial Market<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\">12) Stock Exchange<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"Check_out_other_posts_related_to_the_12th_Commerce\"><\/span>Check out other posts related to the 12th Commerce<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.youtube.com\/@Scholarszilla\" data-type=\"link\" data-id=\"https:\/\/www.youtube.com\/@Scholarszilla\" target=\"_blank\" rel=\"noopener\">12th Commerce Video Lectures<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\">Textbook Solutions of 12th Commerce (All Subjects)<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/ebalbharti-12th-books-pdf\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/ebalbharti-12th-books-pdf\/\"> Free PDF of 12th Commerce Textbooks <\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/hsc-it-online-exam\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/hsc-it-online-exam\/\">12th Commerce IT MCQ Preparation (Online Test)<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/new-paper-pattern-of-12th-commerce\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/new-paper-pattern-of-12th-commerce\/\"> Free PDF of 12th Commerce Textbooks <\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/sample-question-paper-for-12th-commerce\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/sample-question-paper-for-12th-commerce\/\">Sample Paper of 12th Commerce for Practice PDF<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-navneet-practice-papers-pdf\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-navneet-practice-papers-pdf\/\">PDF of Solved Sample papers of 12th Commerce to improve Paper Presentation<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/hsc-previous-year-question-paper\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/hsc-previous-year-question-paper\/\">Old Question Papers of 12th Commerce with solution (All Subjects)<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":9282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[3432],"class_list":["post-7697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hsc-maharashtra-board","tag-12th-sp-chapter-9-solution"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/7697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=7697"}],"version-history":[{"count":10,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/7697\/revisions"}],"predecessor-version":[{"id":39677,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/7697\/revisions\/39677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/9282"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=7697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=7697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=7697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}