BSDA stands for

A

1.Basic Securities Demat Account

B

2.Bombay Soft Drinks Association

C

3.Basic Services Demat Account

D

4.Basic Service Development Authority

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The correct Answer is:
c
Indian market regulator SEBI recently introducted new type of Demat Account to woo small Investors In Opting securities in Demat form. This type of Demat accoutn is called 'Basic Services Demat Account (BSDAY). This initiative is to reach the IPOs to ret all Investors and promoting small Investors to have their securities In Demat form. It becomes effective from 1 October 2012.
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