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    Question

    All securities held by a depository

    A shall be dematerialized. Correct Answer Incorrect Answer
    B shall be dematerialised and shall be in a fungible form. Correct Answer Incorrect Answer
    C Shall be in fungible form Correct Answer Incorrect Answer
    D Shall not be dematerialized but will be in fungible form Correct Answer Incorrect Answer
    E Shall be dematerialized but shall not be in fungible form Correct Answer Incorrect Answer

    Solution

    Section 9 of Depository Act - Securities in depositories to be in fungible form. 9. (1) All securities held by a depository shall be dematerialised and shall be in a fungible form.

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