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in Business Studies by (15 points)
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

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