NSDL - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about National Securities Depository Limited (NSDL)?

1. Depositories Act in August 1996 paved the way for establishment of National Securities Depository Limited (NSDL).
2. Upendra Kumar Sinha is chairman of NSDL.

a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Only 1

Explanation:
- National Securities Depository Ltd (NSDL) has appointed G V Nageswara Rao as managing director (MD) and chief executive officer (CEO).
- Upendra Kumar Sinha is chairman of SEBI.
- NSDL has been promoted by IDBI Bank, National Stock Exchange and the Specified Undertaking of the Unit Trust of India. Several other public sector, private sector and foreign banks are shareholders of NSDL.

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