Harish works as a manager in a software company. He opened an account with a broking house
in order to trade in securities with the money he received as his first performance bonus. Since
there he has been very active in stock trading under the guidance of a stock broker. However,
when he was hospitalised for a few days this year, his wife received several calls from his stock
broker for permission to transact on Harish’s behalf. Though she told him to wait till his
recovery, the stock broker went ahead and executed the transactions. When Harish got home
from hospital, he discovered that the unauthorised transactions had led to a loss for him.
Harish complained to the broking house, but they claimed he had authorised the transactions,
keeping in view, the guidelines issued by the national stock exchange that he had read in the
national newspaper Harish demanded proof for the deal. Since, the broking house had no
evidence that the deals had been authorised they made good the loss that Harish had incurred
due to the transactions. In the context of the above case. Identify the account Harish opened with the broking house. 1
(a) Financial saving account
(b) Demat account
(c) Depository participant account
(d) Current account
18. Identify the technical name of the broking house.a) Financial bank
(b) Stock exchange board
(c) Depository participant
(d) Money market broker
19. The process of holding securities in an electronic form is known as ________ 1
(a) e-IPOS
(b) Right issue
(c) Demat account
(d) Dematerialisation