Correct the underlined word/s and rewrite the following sentences.

1. Electronic mode of holding securities is risky.
Ans: Physical mode of holding securities is risky.

2. Allotment and Transfer of securities is time consuming in electronic mode.
Ans: Allotment and Transfer of securities is time consuming in Physical mode .

3. Banking system leads to a scrip less capital market.
Ans: Depository system leads to a scrip less capital market.

4. Storage of Certificates is not required in Physical mode of holding
Ans: Storage of Certificates is not required in Electronic/Depository mode of holding

5. India has a single Depository system.
Ans: India has a Multi Depository system.

6. Depository Participant in India has to register under the partnership act.
Ans: Depository Participant in India has to register under the SEBI Act

7. Demat accounts are opened and maintained by the Depository.
Ans: Demat accounts are opened and maintained by the DP

8. Securities are fungible in Physical mode.
Ans: Securities are fungible in Electronic mode.

9. ISIN is a code given to a company.
Ans: ISIN is a code given to a Securities

10. ISIN of Indian Government securities is issued by NSDL.
Ans: ISIN of Indian Government securities is issued by RBI.